In 1992, while trying to sell
a large stock of blank video
cassettes he had bought from
Taiwan, an excellent idea struck
Kenneth Nnebue, the Nigerian
trader based in Onitsha. He
suddenly realised that his
cassettes would sell better if
there was something recorded
on them. So he shot a fi lm called
Living in Bondage, about a man
who achieves power and wealth
by killing his wife in a ritualistic
murder, only to repent later,
when she haunts him. The fi lm
sold more than 750,000 copies,
and laid the foundation of the
Nigerian fi lm industry as we
know it today.
That industry is considered
to be the world's third largest,
after Hollywood and India's
Bollywood. So big that it has its
own name: Nollywood. Though
the fi lms are made on budgets of
about only $15,000, Nollywood
has an estimated annual turnover
of over 50 billion Naira (about
4.2 billion US dollars), with a
growth rate of 8.5%. According
to the National Film and Video
Censors Board (NFVCB), the
industry produces over 2,000
low-budget fi lms every year
and employs about a million
people in Nigeria, making it the
country's biggest employer after
agriculture.



