In a recent interview with NAN, Nollywood veteran, Jide Kosoko, stated that Nollywood could be a source of revenue if well funded by the government.
In an interview with NAN on Wednesday, April 14, 2016, the veteran actor described Nollywood as an industry with lots of potentials.
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Kosoko also urged the federal government to continue supporting the industry, stating that the industry could be a huge source of revenue if it is well funded.
“The industry is capable of generating millions of naira in revenue if well-funded,” he said.
“The industry has lots of prospects and potential that can be used to boost its revenue. The opportunities in the industry can fetch government huge revenues.”
In January 2016, Carlos Lopez, the executive secretary of the UN’s Economic Commission for Africa (UNECA), said Nollywood will expand to become more African and less Nigerian, overtaking India’s Bollywood in earnings.
Watch Biyi Bandele discuss Nollywood with Pulse Nigeria in video below.