“There are no such plans for Nigerian stories” — Netflix

A media ruckus started few days over reports that global streaming service Netflix would be exiting the Nigerian entertainment scene following low turn out of subscribers from the Nigerian audience.

However, contrary to the swirling rumors, Netflix has firmly reaffirmed its dedication to the country, putting speculations to rest with a clear and confident statement.

The whispers of Netflix bowing out of Nigeria had gained traction, fueled by concerns over the nation’s economic hurdles and regulatory pressures. But in a message to TechCabal, the streaming giant made its position crystal clear: it’s here to stay.

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“We are not exiting Nigeria,” the company stated. “We will continue to invest in the country’s stories to delight our members.”

Since entering the Nigerian market in 2016, Netflix has played a transformative role in elevating Nollywood and other local stories to global prominence. From groundbreaking titles like King of Boys: The Return of the King to Aníkúlápó, the platform has showcased the depth and diversity of Nigerian storytelling to a worldwide audience.

This reaffirmation signals Netflix’s confidence in the Nigerian creative industry, even amid challenging economic circumstances. For local filmmakers and fans alike, it’s a message of hope and opportunity.