Netflix pulls out of Nigeria after 8 years of streaming
Netflix, the global streaming giant, has officially pulled out of Nigeria after serving customers in the country for eight years. This move marks the end of an era for Nigerian subscribers who have enjoyed access to Netflix’s vast library of shows and movies.
Renowned Nigerian filmmaker Kunle Afolayan, in a recent statement, confirmed that Netflix will no longer be commissioning new Nigerian original content. This decision has left many in the entertainment industry in Nigeria reflecting on the impact of Netflix’s presence over the past eight years.
During its time in Nigeria, Netflix made significant contributions to the country’s economy. The streaming service’s investment in the Nigerian market amounted to an impressive $39 million towards the GDP. Additionally, Netflix’s operations in Nigeria supported over 5,140 jobs, further solidifying its impact on the local economy.
While Netflix’s exit from Nigeria is a noteworthy development in the streaming industry, it remains to be seen how this decision will shape the future of streaming entertainment in the Nigerian market. As subscribers bid farewell to Netflix, they look forward to new opportunities and possibilities for streaming services in the region.
