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NIGERIA’S N5BN CREATIVE INDUSTRY, A GOLDMINE FOR DIASPORA INVESTMENT       

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NIGERIA’S N5BN CREATIVE INDUSTRY, A GOLDMINE FOR DIASPORA INVESTMENT                                                                              06-11-24

By Sadiq Aminu                                                                  A renowned Nigerian Actor, Dr Patric Doyle says the Nigerian creative industry has recorded unprecedented growth, with the box office crossing five billion naira as of September 2024.

He stated this while moderating a panel discussion on ‘Appraisal of Investment Prospects in the Nigerian Creative Industry’ during the 7th Nigeria Diaspora Investment Summit (NDIS), in Abuja.

He said the remarkable achievement was largely attributed to the exceptional work of Nigerian actors, producers, and filmmakers, like RMD, lead actor in the film “Blackbook”, named the most successful African film on Netflix.

A Nigerian-Canadian Filmmaker Mr Niyi Akinmolayan made an appeal to all stakeholders to join forces to make films made in Nigeria accessible globally.

“The content doesn’t even have to be completely Nigerian content we have all the space, the land more and capable hands to shoot some of the big motion films in the world right here back home.”

According to Mr. Richard Mofe Damijo (RMD), a Nollywood actor, once trust is built between businesses in Nigeria and counterparts in the diaspora, exponential growth seen at the top level would begin to filter down into agriculture, real estate and every other aspect of the economy.

A Hollywood Director, Foster Corder encouraged the Nollywood producers and actors to invest in marketing and be proud of their contents.

The Nigeria Diaspora Investment Summit NDIS is a platform for Diaspora investors to tap into not just Nigeria’s vibrant creative industry, but across all sectors of human endeavours while supporting innovative talent and driving economic growth for national development.

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