Vunderkind
Social Member
A major surprise that would be thrown up when the rebased Gross Domestic Product (GDP) numbers are finally released on Sunday is how Nigeria’s Nollywood industry, now captured under “Motion pictures, sound recording and music production,” has made a huge leap to about N9trillion in size.
Analysts had said the movie segment made about N1.72 trillion in 2013.
‘Motion pictures, sound recording and music production’ is one of the 13 new activities that have been included in the computation framework. Others are entertainment, research, patents and copyrights etc. The number of economic activities reported in the rebased GDP computation framework was increased to 46 as against to 33 in the previous series.
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Source: Business Day Online
Analysts had said the movie segment made about N1.72 trillion in 2013.
‘Motion pictures, sound recording and music production’ is one of the 13 new activities that have been included in the computation framework. Others are entertainment, research, patents and copyrights etc. The number of economic activities reported in the rebased GDP computation framework was increased to 46 as against to 33 in the previous series.
Click here to read more
Source: Business Day Online
