The contributions of Nigeria’s film industry, the second-largest in the world in terms of number of films produced, to the national economy have become clearer after the rebasing of the country’s GDP last year.
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Economic update | Nigeria: Investing in film
13 Jun 2012
Nigeria’s film industry, the second-largest in the world by volume, is already a prime destination for investment but with a national film fund and major infrastructural projects under consideration, there is potential for further growth.
After only one year operating, NTA-Star TV Network, a joint venture between state broadcaster Nigerian Television Authority (NTA) and Chinese media company StarTimes, has attracted some 400,000 subscribers to its digital terrestrial television (DTT) service. The company, currently in several major urban areas, plans to expand to more markets across the country within the next five years.