Popular Nollywood actor and filmmaker, Kunle Afolayan, has expressed concern over the impact of rising fuel prices on his business operations, saying the situation has become increasingly difficult to manage.
Afolayan disclosed this in a video circulating on social media where he spoke about the financial burden of powering his businesses, particularly the KAP Film Village and Resort.
According to him, the facility spends about N11 million on diesel within four to five weeks despite having a solar power system installed to support electricity supply.
The filmmaker explained that the rising cost of diesel has made operations unsustainable, adding that the business sometimes purchases diesel on credit and settles the payment later when funds become available.
He noted that the price of diesel had increased significantly from about N995 or N1,000 per litre to over N1,500 per litre, a development he said has placed additional pressure on his businesses.
Afolayan added that he is seeking financial assistance in the form of a loan to upgrade the solar power system at the film village in order to reduce dependence on diesel and cut operational costs.
He said the sharp increase in diesel price has left him worried about sustaining operations at the facility, which hosts film production activities and other entertainment-related ventures.
Profile of Kunle Afolayan
Kunle Afolayan is one of Nigeria’s most respected filmmakers, actors and producers, widely known for his role in transforming modern Nigerian cinema through high-quality storytelling and production.
Born on September 30, 1974, in Lagos, Nigeria, Afolayan hails from a family with deep roots in the entertainment industry. He is the son of the late legendary actor and filmmaker Adeyemi Afolayan, popularly known as Ade Love, who was a pioneer in the Yoruba film industry.
Kunle Afolayan began his career as a banker before venturing fully into filmmaking and acting. His passion for cinema led him to establish his own production company, Golden Effects Pictures, through which he has produced several critically acclaimed films.
Over the years, Afolayan has become known for producing movies that blend culture, history and contemporary social issues. Some of his most notable films include The Figurine (2009), Phone Swap (2012), October 1 (2014), The CEO (2016), Mokalik (2019), and Aníkúlápó (2022).
His film The Figurine is widely credited with helping to usher in a new era of Nigerian filmmaking, often referred to as the “New Nollywood,” which emphasises improved production quality, storytelling and global distribution.
Afolayan has received numerous awards and nominations both locally and internationally for his work in the Nigerian film industry.
His films have been screened at several international film festivals and have earned recognition for promoting African culture and storytelling.
In addition to filmmaking, Afolayan is also a businessman and the founder of the KAP Film Village and Resort located in Igbojaye in Oyo State. The facility serves as a film production hub, cultural centre and tourism destination designed to support the growth of Nigeria’s creative industry.
Through his work as a filmmaker, entrepreneur and cultural promoter, Kunle Afolayan continues to play a significant role in shaping the global perception of Nollywood and expanding opportunities for the Nigerian film industry.
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