An estimated 80% to 90% of Nollywood films proceed into production without adequate script development, as limited access to patient capital continues to affect storytelling quality and production standards in Nigeria’s film industry.
Adekunle Adebiyi, Executive Director, Investments at MBO Capital Management Limited, disclosed this during an interview on Nairametrics’ Drinks and Mics, where he discussed the financing challenges confronting Nollywood and the investment opportunities within Nigeria’s creative economy.
According to Adebiyi, Nigeria produces approximately 2,500 films annually, but a significant proportion of these productions move directly from the first draft of a screenplay into filming.
He attributed the trend to the industry’s heavy dependence on debt financing, which typically supports production and post-production expenses rather than the earlier stages of creative development.
Nollywood films lack proper script development
Adebiyi explained that most financing arrangements available to Nigerian filmmakers are structured around production activities, leaving limited resources for the creative
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