In a cinematic triumph, Nigeria’s box office has witnessed a cumulative revenue surge, reaching an impressive N19 billion over the past three years. This remarkable achievement can be attributed to a combination of prolific film releases and a notable increase in ticket sales nationwide, particularly between 2021 and 2023.
The box office revenue reflects the gross earnings from ticket sales of Nollywood titles over the last three years. In 2023 alone, the Nigerian box office amassed a staggering N7.24 billion, following a trajectory of N6.94 billion in 2022 and N4.74 billion in 2021, aggregating approximately N19 billion.
Despite a slight dip of -16.6% in total admissions in 2023, the average ticket price experienced a significant upswing of 27% compared to the previous year, reaching N2,759.

Delving into the optics of the industry, a further breakdown of activities for 2023 revealed that total admissions stood at 2.63 million, representing a -16.6% decrease from 2022. The average ticket price for the year, N2,759, marked a 27% increase from 2022. The figures for 2023 were influenced by higher ticket prices and the quality of movies shown in cinemas.
Noteworthy is the weekly average cinema attendance for Nollywood, standing at 19,733 in 2023, 19,376 in 2022, and as much as 30,895 in 2021. The quality of movies played a pivotal role in sustaining audience interest.
December 2023 emerged as a pivotal month for the Nigerian box office, marking the highest post-pandemic period and significantly bolstering the overall revenue. Releases such as Funke Akindele’s “A Tribe Called Judah” garnered an impressive N1 billion within three weeks of its December 15 debut.
Providing more insight into the industry, the Nigerian film sector has solidified its position as a global titan in film production, showcasing resilience and playing a pivotal role in contributing approximately 1.1% to Nigeria’s real GDP. The tangible value of the industry surpasses N780 billion in real terms, according to 2022 estimates.
Recent years have witnessed a notable upswing in investments by producers, propelling Nigerian blockbuster movies into the global limelight. This trend underscores a dedicated commitment to delivering high-caliber, cinema-worthy productions.
A prevailing strategy in the global film landscape involves unveiling cinema movies, especially during festive periods. This calculated timing leverages the heightened availability of free time for individuals, positioning cinemas as an alluring choice for relaxation and entertainment.
During the transition from 2022 to 2023, Nigerian cinemas generated a notable sum of N183.02 million between December 30, 2022, and January 1, 2023. Topping the list were “Battle on Buka Street,” “Avatar: The Way of Water,” and “Ijakumo: The Born-Again Stripper.”
Reflecting on a broader timeline, the revenue figures for 2023 surpassed those of 2021 by an impressive 54%. This surge in revenue signals a significant comeback for Nigerian cinemas, especially considering the challenging circumstances of 2020.
In 2020, amidst the global COVID-19 pandemic, Nigerian cinemas faced substantial setbacks, accumulating a modest N2.1 billion. However, the subsequent years marked a resilient rebound, with revenues soaring to N6.4 billion in 2019 and N5.98 billion in 2018. This substantial growth represents a remarkable 244% resurgence for Nigerian cinemas between 2020 and 2023, showcasing the industry’s resilience in the face of adversity.
As the film industry navigated the challenges posed by the pandemic, the subsequent recovery underscores the enduring appeal of cinema for Nigerian audiences. The industry’s steadfast growth not only mirrors a robust economic resurgence but also symbolizes the collective resilience and adaptability of the cultural landscape. Infostride News remains committed to providing comprehensive coverage of the dynamic developments in Nigeria’s thriving film industry.
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate