Netflix has dismissed rumors about its exit from Nigeria, affirming its commitment to the country and its entertainment industry. The company reiterated its support for Nigeria’s economy and culture through initiatives like local content production and strategic partnerships. Netflix recently unveiled a slate of Nigerian films and series for 2024, including works by prominent filmmakers and productions such as Hijack 93 and the second season of Aníkúlápó. This underscores its focus on spotlighting Nollywood’s storytelling globally.
While Netflix remains active in Nigeria, it has faced criticism for subscription price increases in the country. The platform raised its rates by up to 40% earlier this year, a decision attributed to global price adjustments and efforts to maintain quality content amid rising competition.
