The Nigerian film industry is expected to generate 40% of the targeted revenue which was earmarked at the start of 2017.

This sum will be earned as sales of tickets at the box office in cinemas.

Out of the expected 5 billion naira, Nollywood is expected to make 2 billion naira by December 2017.

In 2016, films like "Fifty," "Wives on Strike," "The CEO" "76," and "A Trip to Jamaica," grossed 1 billion naira.

According to the Group Executive Director/COO FilmOne, Moses Babatope, the quality of Nollywood films are improving and so are the audience.

"Three or four years ago, that figure was about 10% of the box office and less than 500 million. This is just to tell you that the quality of the films are improving and the number of the audience is improving," he said.

So far, the reported success of movies like "Isoken," "Okafor's Law," "10 Days in Suncity," "Alakada Reloaded" and "Hire a Man" will play a role in setting this new record.

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