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Nigeria's vibrant media and entertainment sector, affectionately dubbed "Nollywood," burst onto the scene in 1992 and has since blossomed into the world's second most prolific film industry. With an impressive output of approximately 2,500 movies annually, Nollywood has garnered global acclaim for its mastery across various disciplines, including scriptwriting, direction, acting, and production. Its influence extends far beyond Nigeria's borders, establishing itself as a prominent player on the international stage with key production hubs in Lagos, Onitsha, Enugu, Asaba, and Abuja. In tandem with Nollywood's rise to fame, Nigeria's music industry has emerged as a powerhouse, boasting a workforce of around one million individuals and contributing over $8 billion to the economy as of 2021. The industry's prowess has been underscored by notable achievements, such as Grammy wins by acclaimed artists like Wizkid and Burnaboy, further fueling interest and investments from both local and global stakeholders.

Sector Specific Incentives

Complete tax holiday from all forms of taxes, rates and levies Enjoy immigration waiver on expatriate quota Permission to sell 100% of goods into domestic market

Industry Tailored Benefits

One-stop approvals for permits, operating license 100% foreign ownership of investments

Investment Opportunities:

Underpinning the growth of Nigeria's entertainment sector are robust legislative frameworks, including the Copyrights Act, Patents and Designs Act, and Trade Marks Act, which provide essential protections and avenues for investment in intellectual property rights. These frameworks not only safeguard the creative endeavors of artists and filmmakers but also create conducive environments for investors seeking opportunities in Nigeria's thriving entertainment landscape.

Legislative Framework and Investment Avenues

Collecting Society of Nigeria (COSON)

Musical Copyright Society of Nigeria (MCSN)

Actors’ Guild of Nigeria (AGN)

Directors’ Guild of Nigeria

Screenwriters Guild of Nigeria

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