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Afrobeats to the world: Nigeria’s entertainment industry and its billion dollar rise

Simon Osuji by Simon Osuji
September 1, 2025
in Business
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Afrobeats to the world: Nigeria’s entertainment industry and its billion dollar rise
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Nigerian music, cinema, and digital content were formerly limited to local venues, but they are now influencing global trends, earning the country both cultural pride and economic benefits.

Afrobeats, a sound that originated in West Africa and has since become a defining force in global pop culture, are at the heart of this cultural revolution.

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From afrobeats to global charts

Afrobeats, formerly considered a minor music genre, has since become Nigeria’s most recognized cultural export.

Music acts such as Burna Boy, Wizkid, and Davido have sold out venues across the world, headlined international festivals, and worked with luminaries like Drake, Beyoncé, and Ed Sheeran.

Rema and Selena Gomez [Billboard]

Rema’s Calm Down remix with Selena Gomez is one of the most-streamed Afrobeats tracks ever, while Tems has co-written and played on global hits for Rihanna and Beyoncé.

This surge is more than simply music; it represents a cultural rebirth, as highlighted by a report compiled by Rome Business School, titled The Entertainment Business in Nigeria: A Model for Export.

Nigerian creatives have demonstrated tenacity in the face of poor infrastructure, scant government backing, and economic hardships, yet they continue to survive on talent, invention, and narrative.

Nigeria’s entertainment billion-dollar industry on the rise

The cultural and economic importance of Nigeria’s entertainment sector is inextricably linked.

PricewaterhouseCoopers (PwC) said that the market was valued at $9 billion in 2023 and is expected to increase to $13.6 billion by 2028, reflecting an 8.6% compound annual growth rate (CAGR), as seen in the report.

Burna Boy, Tems, Asake, other Nigerian superstars could win a BET Award on Sunday

This increase is not only financial. The sector now employs over 4.2 million people and is projected to add 2.6 million jobs by the end of 2025.

Despite persistent challenges such as inadequate infrastructure and economic volatility, Nigeria’s entertainment sector has demonstrated resilience and adaptability.

As Afrobeats continues to dominate the global arena and Nollywood increases its reach, Nigeria exports more than simply entertainment; it also exports identity, pride, and influence.

In the coming years, the term “Afrobeats to the world” will certainly serve as both a cultural celebration and an economic reality, propelling one of Africa’s most vibrant sectors into a rich future.

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