Etymological Note: Patterned after Hollywood (the American film industry), Bollywood (the Indian film industry), and Lollywood (the Pakistani film industry).
Citations:
2002 Norimitsu Onishi @ Lagos, Nigeria New York Times (Sept. 16) “Step Aside, L.A. and Bombay, for Nollywood” p. 11: (title) 2005 Innocent Nwobodo Daily Champion (Lagos, Nigeria) (Mar. 16) “On Nollywood Films in Ghana”: Bad news, in the newsman’s parlance, is good news. Not for Nollywood, the alias for Nigeria’s home video industry, which was recently hit by bad weather in nearby Ghana.