Nollywood employs more than a million people
According to IMF, Nigeria's Nollywood employs more than a million people now. It is the second largest employer of labour, behind agriculture in the nation. We should not neglect creatives and arts in our policies.
It employs more than a million people directly or indirectly. It is being touted as the country’s second-biggest source of jobs after agriculture. Based on the sheer quantity and quality of films being made, economic observers consider Nollywood one of the major planks on which to diversify the Nigerian economy. According to Roberts Orya, former CEO of the Nigerian Export-Import Bank, a development bank owned by the federal government, Nollywood generates at least $590 million annually. That is still a small number, given the scale of Nigeria’s economy and its population, but the industry is making a difference.