Nollywood Actor Jide Kosoko Reveals Over ₦300 Million Cinema Investment Loss

Veteran Nollywood actor, Jide Kosoko, has openly discussed the considerable financial setbacks he encountered following the poor box office performance of his recent film. During an interview conducted on October 17, 2026, the seasoned actor disclosed that the production and release of his movie, "Leko Esu Gbayi," incurred costs exceeding ₦300 million. This substantial sum was largely provided by investors who anticipated a return on their capital.

Kosoko elaborated that the film's revenue generation proved insufficient to cover these expenditures, resulting in significant financial losses for both himself and his financial backers. He expressed his disappointment, stating, “We didn’t earn our money, and the little we earned was split.” Despite the gravity of the situation, he light-heartedly remarked about still being able to dance amidst his financial woes, though he quickly clarified that all members of the crew and production staff had received their due payments for their services.

Furthermore, Kosoko acknowledged the substantial capital injected by cinema operators into the film distribution network. He underscored the demanding economic realities prevalent within the motion picture industry, particularly concerning the challenges of recouping investments in film projects.