News

Nigeria’s Creative Economy to Hit $100 Billion by 2030

Published

on

By Gabriella Ogbu

 

Nigeria’s creative and tourism industries are projected to generate at least $100 billion by 2030, significantly contributing to GDP growth and creating over 2 million jobs, according to the Minister of Art, Culture, Tourism, and Creative Economy, Hannatu Musawa.

 

Speaking after the Federal Executive Council meeting chaired by President Bola Tinubu, Musawa announced the establishment of the Creative and Tourism Infrastructure Corporation to drive investments in these sectors through a Public-Private Partnership (PPP), model.

 

She emphasized that Nigeria’s creative and cultural heritage is globally recognized, and the administration is committed to leveraging this potential to diversify the economy.

 

Key initiatives include the development of Abuja Creative City, a national music arena, 5,000 cinema screens, and upgrades to cultural landmarks such as the National Gallery and the Wole Soyinka Lagos Center for African Arts.

 

Musawa stressed the importance of bridging infrastructure gaps to unlock the full economic potential of the creative and tourism industries.

 

She reiterated the government’s commitment to attracting investment, nurturing talent, and positioning Nigeria as a global creative hub.

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version