Despite Nigerians battling economic hardship arising from increasing cost of living due to high inflation, low disposable income and fuel subsidy removal,
And in the cinema value chain, which gauges how far Nigeria’s production value has grown, Nollywood has contributed largely to the growing cinema culture.
Mr Ajayi told LEADERSHIP that the information was based on its half year report, which showed there was much room for growth and possibilities if leakages were plugged and the federal and state governments were sensitive to the nature of cinema business. However, in the Box Office, the leading top Nollywood movie that grossed in Nigeria in the first half year report is Battle On The Buka Street, at N369.8million. The second leading Nollywood movie is Ijakumo: The Born Again Stripper, grossing N174 Million. Interestingly the two movies were released late in 2022. The next are: The Kuju’s Again , Love In A Pandemic and Domitilla .
Interestingly, Fast X is still running in the cinemas. Avatar, Way of Water, premiered in 2022 and is still sold out in half year of 2023. ‘Spiderman into the Spiderverse’ which is a Hollywood production grossed more than N107 million at the box-office, showing the dynamics and potential of animation productions in the cinemas.
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