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The Nigerian video film industry is greatly influenced by Nigerian society. Nollywood films similarly influence the Nigerian society. The complementary role of Nollywood and its inherent Nigerian society is the thrust of this paper which interrogates the influence of Nigerian recession period on Nollywood’s narrativity, production quality and exhibition medium. This will be achieved through interview sessions with selected industry practitioners as well as the review of selected literature in the subject area. The paper argues that Nigerian’s recession period occasioned a boom in the internet exhibition method in Nollywood and later reinvigorated the Solowood production technique: a technique of multiple film shoot involving the same production apparatus. It calls for a restructuring of Nollywood through enactment of favourable government policies that will entrench best global practices and enable its products to serve as Nigeria’s alternative source of major revenue.