Nigerian box office recorded 60% growth, generated N11.5 billion in 2024: Official
The Cinema Exhibitors Association of Nigeria (CEAN) says the Nigerian film industry has experienced a significant surge, with the Box Office recording an impressive 60 per cent increase in 2024.
Ope Ajayi, CEAN’s national chairman, revealed this while speaking with journalists in Lagos.
According to him, ticket sales in Nigerian cinemas generated N11.5 billion in 2024, compared to N7.2 billion in 2023.
He said in 2024, the cinemas accommodated no fewer than 2.66 million persons and 2.54 million 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.
Mr 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” earned N1.124 billion, “Queen Lateefah” earned N365.5 million, “Ajosepo” earned N257.3 million, “Ajakaju” earned N252.8 million, and “Alakada Bad & Boujee” earned N229.1 million.
“Everybody Loves Jennifer and Alakada Bad & Boujee are still in cinemas.”
Mr Ajayi noted that the top five Hollywood films of 2024 were Deadpool and Wolverine, Bad Boys 4, Gladiator II, Moana 2, and Venom 3.
(NAN)
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