Lagos is Africa's largest megacity with the highest GDP.
May 27 is the 50th anniversary of the establishment of Lagos State by the Federal Government of Nigeria on May 27, 1967 by the Creation and Transitional Provisions Decree No. 14 of 1967.
"The Motion Picture Association of America looked into this belief and discovered that piracy costs around $20.5 billion annually in the United States alone (Plumer, 2). In fact, a study back in 2005 estimated that a 10% decrease in worldwide piracy, including both film and music, over the course of four years would add 1.5 million jobs, $64 billion in taxes and $400 billion in economic growth (Kai-Lung)"Studies on movie piracy in Nollywood have shown the complicity of the first marketers of Nollywood movies.
Many of the movie marketers originally got into the business by pirating Hollywood movies, a practice that continues to flourish. “Piracy is not a problem with the system,” said Jade Miller, an academic at Tulane University who has researched Nollywood’s economics. “It is the system, essentially.” Miller’s academic interest is in media policy and the development of creative industries.
The most piratical countries are places like China, Nigeria and Russia, where virtually all media that is not downloaded illegally is sold in the form of knock-off CDs and DVDs.