Veteran Nollywood actor Jide Kosoko says he is in debt after investing and producing a cinema-released film that cost more than ₦300 million but did not return profits. Across reports, he describes the situation as a financial loss tied to box-office performance and his inability to repay all contributors.
Kosoko says the money was supplied by investors who expected returns, rather than gifts, and that the film’s earnings were not enough to recover production costs. He adds that whatever revenue was generated was shared among those involved. One report also links his comments to a wider discussion in Nigeria’s film industry about whether taking movies to cinemas is consistently a sound financial choice.
Outlets vary slightly in the film title used and the specific wording, but they all present the same core account: a ₦300m cinema movie underperformed, and Kosoko frames the outcome as leaving him owing money to investors.
