Reporting by **The Nation** indicates that top Nollywood stakeholders have converged in Lagos for a three-day summit aimed at restructuring the industry’s royalty and distribution systems. The summit, organized by the Cinema Exhibitors Association of Nigeria, focuses on ensuring that content creators receive a fairer share of streaming and box office revenues. With the rise of global streaming giants in Nigeria, actors and directors are pushing for legislation that guarantees residuals and better working conditions.
The Minister of Art, Culture, and the Creative Economy, Hannatu Musawa, addressed the summit, promising that the government would provide a legal framework to protect intellectual property. The summit is expected to produce a communiqué that will serve as the basis for a new National Film Policy.
**Daily Post** reported that “veteran actors are leading the charge for reform,” and **Tribune** noted that “the creative economy is now being treated as a major revenue earner.” One attendee stated, “The era of stars living in poverty after their prime must end.”
**Echotitbits take:** Nollywood is Nigeria’s greatest cultural export, but the business side has always been messy. If these reforms pass, it could attract even more foreign investment from the likes of Netflix and Amazon, who want a standardized legal environment to operate in.
Source: Legit.ng – https://www.legit.ng/entertainment/celebrities/1707509-funke-akindele-toyin-abraham-nollywood-stars-land-major-roles-federal-government/, April 28, 2026
Photo credit:Legit.ng
