Nollywood can generate millions, boost revenue if well funded – Jide Kosoko urges FG

Veteran Nollywood actor, Jide Kosoko, says the movie industry could be a huge source of revenue if it was well funded, urging the Federal Government to continue to support the industry.
The ‘Secret Room’ actor in a recent chat with newsmen in Lagos described Nollywood as an industry with lots of potentials.

According to him, “The industry is capable of generating millions of naira in revenue if well-funded.

“The industry has lots of prospects and potential that can be used to boost revenue.

“The opportunities in the industry can fetch government huge revenues,” Kosoko noted, recalling the statement made by Carlos Lopez, the executive secretary of the UN’s Economic Commission for Africa (UNECA), in January 2016, that ‘Nollywood will overtake India’s Bollywood in earnings and expand to become more African and less Nigerian.”