Recent statistics released out by National Bureau of Statistics indicates that the arts, entertainment and recreation industry has experienced a growth of 1.86% to 12.81% in the third quarter of the year, contributing N54b to the country’s GDP.
The report usually release quarterly and it shows the current economic situation of the country.
However, Nigerian economic has shrunk by 2.24% since 2015 and receded by 0.18% from the previous quarter.
The arts and entertainment industry too experienced a recession as the growth seen in this quarter is 3.45% less than it was at this time last year.
One would imagine this decline in the entertainment industry to be as a result, of course, of the general economic conditions.
You can find the full report here.