Nigerian Film Industry Experiences Quantum Leap as Box Office Records 60% Growth, Rakes in N11.5bn
Vanessa Obioha
The Cinema Exhibitors Association of Nigeria (CEAN) has said the Nigerian film industry experienced a significant surge with the Box Office recording an impressive 60 per cent increase in 2024.
CEAN’s National Chairman, Mr Ope Ajayi, who stated this while speaking with the News Agency of Nigeria (NAN), in Lagos revealed that N11.5billion was realised in 2024 from ticket sales across cinemas in Nigeria, as against N7.2billion recorded in 2023.
He said in 2024, the cinemas accommodated no fewer than 2.66million persons and 2.54million persons in 2023.
“We have recorded 60 per cent growth in revenue in 2024 and about 4.5 per cent growth in admissions despite the harsh economic climate.
“This is a remarkable achievement and it is a testament to the industry’s resilience, creativity and determination.
“It is also the first time we are seeing a growth in admissions since 2020 signalling a significant upturn in the cinema subsector,” he said.
Ajayi listed the top five Nollywood films in 2024 as: Everybody Loves Jennifer, Queen Lateefah, Ajosepo, Ajakaju and Alakada Bad &Boujee.
He said “Everybody Loves Jennifer” raked in N1.124billion, “Queen Lateefah” made N365.5million, “Ajosepo” scooped in N257.3million, “Ajakaju” made N252.8million while “Alakada Bad &Boujee” raked in N229.1million.
“Everybody Loves Jennifer and Alakada Bad & Boujee are still in cinemas.”
Ajayi noted that the top five Hollywood films in 2024 were: Deadpool & Wolverine, Bad Boys 4, Gladiator II, Moana 2 and Venom 3.
