• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, September 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Entertainment Industry To Generate $14.82bn By 2025

by Samuel Abulude
2 years ago
in Business
Nigeria Entertainment Industry
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian entertainment industry is projected to experience a revenue growth from $4 billion in 2013 to an estimated $14.82 billion in 2025. This is, according to the recently released NECLive report.

Advertisement

The report provides an in-depth analysis of the financial performance across various industry sectors over the past decade, spanning from the music industry to film, fashion, and comedy.

A statement by NECLive Report said, the industry boasts an impressive track record of milestones, projecting its superstars, projects, and creative works onto the global stage. Recent findings from the PWC report (Africa Entertainment and Media Outlook 2023 – 2027) underscore the remarkable growth of the Nigerian entertainment and media market compared to key competing countries like South Africa and Kenya.

Projections indicate an impressive 16.5 per cent Compound Annual Growth Rate (CAGR) in revenue over the next five years. This growth is attributed to various factors, including the rising internet accessibility among mobile users, with an expected increase from 54 million to 78 million subscribers within this timeframe. Additionally, the surge in streaming platforms and the integration of innovative technology like Generative AI are poised to drive a double-digit revenue growth.

The industry has undergone a remarkable shift from struggling to sell music tapes and gain airplay on radio stations to a phase where artists, managers, producers, directors, and labels are thriving on established structures, leading to increased international recognition and acceptance. This paradigm shift highlights that music isn’t merely an art form but a substantial source of revenue.

ADVERTISEMENT

The film and comedy sectors have become intricately linked, transitioning to online platforms to adapt to modern technologies, fostering sectoral growth. 

The film sector’s evolution from producing and distributing 1,800 films worth $5.1 billion in 2013 to 2,500 films valued at $6.4 billion currently has positioned Nigeria as the world’s second-largest film producer.

The Nigerian entertainment industry has undergone significant expansion and exponential growth in recent years.

ADVERTISEMENT

The era of cassette tapes and DVDs has given way to a thriving scene marked by sold-out global concerts and tours, international and local awards such as the Grammys, Billboard, BET, MTV Europe Music Awards, and AMVCA, exclusive movie premieres and cinema viewings, topping charts and grossing billions through extensive streaming on digital platforms like IrokoTV, ShowMax, Netflix, and Amazon Prime Video.

The sector has moved from the production and distribution of 1,800 films worth $5.1 billion in 2013  to 2,500 films worth $6.4 billion and counting. This makes Nigeria the 2nd largest film producer in the world.

Amidst progress, there are challenges that once plagued the entertainment industry, such as high cases of piracy which crippled profitability, and limited funding that hampered creativity as well as lack of international exposure.

RELATED

Centre Laments Poor Presence Of CNG Outlets In North

CNG Pump Price Increase Not On Federal Government’s Directive — PiCNG

9 hours ago
Insurance Firms Begin Self-prescribed Recapitalisation As Minimum Capital Controversy Rages

6 Underwriters Support IMT 4.0 To Boost Insurers, Tech Partnership

16 hours ago

However, today’s landscape, shaped by the internet, streaming platforms like IrokoTV, Billboard, Netflix, and social media giants like Instagram, Twitter, TikTok, Youtube, Facebook, and Snapchat, along with forums like the Nigerian Entertainment Conference (NECLive), which has for the past decade served as gathering for the industry giants, facilitated dialogues, provided solutions, and steered transformative changes within the industry.

Ayeni Adekunle Samuel, the founder of NECLive, recalls, “In 2012, the industry encountered formidable challenges, causing frustration and disillusionment. However, that very frustration became the catalyst for a transformative spark, giving birth to the visionary concept of NECLive. This audacious initiative aimed to unite the nation’s finest creative and industry minds, facilitating dynamic brainstorming sessions, fostering invaluable networking opportunities, and showcasing exceptional talent. In 2013, the realisation of this dream became a remarkable reality.”


Join Our WhatsApp Channel



Tags: Nigeria Entertainment Industry
SendShare10192Tweet6370Share
ADVERTISEMENT
Previous Post

The Expected Christ, Our Messiah

Next Post

Ondo Targets Diaspora Investors At December Summit

Samuel Abulude

Samuel Abulude

You May Like

Centre Laments Poor Presence Of CNG Outlets In North
Business

CNG Pump Price Increase Not On Federal Government’s Directive — PiCNG

2025/09/04
Insurance Firms Begin Self-prescribed Recapitalisation As Minimum Capital Controversy Rages
Business

6 Underwriters Support IMT 4.0 To Boost Insurers, Tech Partnership

2025/09/04
Group Activates Plans To Tackle Fraud In Fintech Space
Business

Fintech, Financial Inclusion Fusion To Deepen Banking, Insurance Penetration – Experts

2025/09/04
Pension Operators Sensitise Young Professionals To Cancer Awareness
Business

Pension Fund Operators Raise Awareness On Liver Damage, Management

2025/09/04
Flight Disruptions: NCAA Threatens To Sanction EgyptAir, NG Eagle
Business

Unruly Air Travellers Risk Denied Boarding, Arrest, NCAA Warns

2025/09/04
Customs CG Approves Promotion Of 357 Junior Officers
Business

Customs Unveil Advanced Cargo Screening X-Ray At SAHCO Hajj Terminal

2025/09/04
Leadership Conference advertisement

LATEST

New Ebola Outbreak In DR Congo Claims 15 Lives

Food Firm Partners Hilda Baci On World’s Largest Pot Of Jollof Rice

Soun’s 2nd Anniversary To Feature Orumogege Football Tourney In Ogbomoso

JUST-IN: Lagos Police Locate Missing BBNaija’s Mbadiwe Twins’ Brother

Thembi Shilenge Breaks New Grounds With PhD In Real Estate Management

Benue Politician Petitions Catholic Pontiff Leo XIV Over Governor Alia’s Alleged Misconducts

Man Defiles 4-yr-old Pupil In Oyo

Police Probe Kano ALGON Chair Over Alleged Attack On Blacksmith Shop

Kano Emirate Hails Emir Sanusi On PhD Award

Police Arrest 44 Suspects, Recover Ammunitions, Ransom In Kwara

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.