Opportunities for development are limited as the industry continues to function informally. The informal structure means there is no legal institution controlling transactions, there is no governing body ensuring taxation is paid and revenues collected, and finally, there is little security to the workers within the industry. Financial records are limited in the industry, which makes it hard to predict the developmental scope of Nollywood and the real revenues produced.  Informality prevents legitimacy; capability to assist national development; and fundamental capital losses. It also prevents it becoming a force for changing perceptions of those outside Africa. Formalisation is required for the industry to assist developmental potential [1] .  [1] See further readings: McCall, 2012.