Netflix Dumps Nigerian Market After Six Years of Operation

Netflix has reportedly left the Nigerian market over the ongoing economic meltdown

Film maker Kunle Afolayan confirmed this as he revealed that Netflix has cancelled previously commissioned projects.

The streaming giant recently cancelled its Nigerian Originals and an executive reportedly cited cases where the film studios had no electricity and had to rely on generators on set.

This medium gathered that the worsening economic situation under President Bola Tinubu warranted this sudden exit.

“We’re exiting the Nigerian market,” an official said under anonymity, pending an official announcement. “We’ve lost too many paying subscribers, and the exchange rate of naira against the American dollar also did not help us in any way.”   

The development came barely six years after Netflix entered Africa’s largest economy with the production of Lionheart.