Carlos Lopez is the executive secretary of the UN’s Economic Commission for Africa (UNECA). A development economist, author and educator.
In a recent interview with Mail & Guardian Africa’s Editor Charles Onyango-Obbo, Lopez spoke on several interesting topics, including Nollywood.
Speaking on how big the industry will be in 2030, he said;
"Creative
industries are already huge in Africa and I bet, it could match
agriculture in value. However this is due to low agricultural
productivity, the lowest in the world, and the fact that creative
industries are being propelled by new communication technologies.
Africans and their diaspora demonstrate daily the richness and universal
appeal of their forms of artistic and cultural expression. If we update
national accounts through rebasing, like Nigeria and many others did,
we will continue to be surprised about the exponential value growth.
Nollywood
will expand to become more African and less Nigerian, overtaking
India’s Bollywood in earnings, when demand for entertainment content
will explode thanks to internet and tv universal coverage in less than a
decade," he said.
How possible do you think it is for Nollywood to overtake Bollywood in the future?
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