Creative industry will contribute $100bn to Nigerian economy by 2030 – Minister

Creative industry will contribute $100bn to Nigerian economy by 2030 – Minister

The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, on Monday said the ministry would contribute $100 billion to the Nigerian economy by 2030.

Musawa said this while briefing State House Correspondents at the end of sixth the Federal Executive Council (FEC) meeting of the year on Monday.

She said a memo seeking to monetise Nigeria’s tangible and intangible assets in both the creative, cultural and the tourism industry, was approved by FEC.

She said this would enable her ministry create a new revenue stream that had never been done before, using the country’s assets to grow the economy.

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“Our ministry has committed to contributing and growing the economy by $100 billion by 2030, and we hope to do that by putting all the modalities in place that will allow the industry to grow organically on its own.

“We also want to address unemployment by creating jobs. We are going to create at least two million jobs by 2027 within this industry,” said Musawa.

She said the Ministry had signed a Memorandum Of Understanding with Moby, an international museum collection agency, to monetise the country’s artifacts, historical monuments and landmarks.

“So, the strategy for this monetisation is going to take four separate processes. We’ve already finished that specific process. Now, it is for us and Moby to sit down to now monetise them.

“It is an exciting time for Nigerian identity, for our traditions, for our culture, whereby we use what we have to expand in a way that does not put more pressure on us economically,” said Musawa.

Creative industry will contribute $100bn to Nigerian economy by 2030 – Minister

NAN