According to Al Jazeera, Nollywood is now priced at $5 billion and
makes more films than Hollywood in the U.S, but less than the largest film
industry, India’s Bollywood. Nigeria's film industry has only 14 cinemas
available to a country that is home to more than 170 million people. Each week,
Nollywood creates as many as 50 original Nigerian films.
These films are created for a price range starting
from $10,000 or below, and are later placed directly onto DVDs to be sold by
movie hubs and hawkers in the street.
Nollywood is an industry that has high turnover and
challenges the western mode of storytelling. It also employs an astounding
number of citizens without government or foreign aid, making it also the second
largest industry by number of employees in the country.
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