The Federal Government has set an ambitious goal of adding $100 billion to Nigeria’s Gross Domestic Product (GDP)by expanding the creative industry, according to the Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musa Musawa.
What’s the Plan?
Speaking at a press briefing in Lagos on Thursday, Musawa revealed that the government is:
✅ Partnering with the private sector to develop infrastructure.
✅ Fostering intellectual property monetisation to ensure creatives earn more.
✅ Creating an enabling environment to allow talents to thrive.
“Our goal is to ensure that Nigeria’s creative economy contributes significantly to national revenue,” she said, citing insights from countries like South Korea, Brazil, South Africa, and Japan.
Key Projects Announced
🔹 Entertainment and Cultural Arenas:
- A world-class arena in Lagos will be completed next year.
- A second facility in Abuja will follow.
- Plans are in place to expand to all six geopolitical zones.
🔹 Creative City Initiative:
- A dedicated ecosystem for Nigerian creatives.
- Expected to be fully delivered within five years.
- Groundbreaking to begin in the coming weeks.
🔹 National Museum in Abuja:
- A state-of-the-art museum to preserve and showcase Nigeria’s cultural heritage.
- Aimed at addressing the lack of exhibition space for historical artefacts.
🔹 Reviving the Wole Soyinka Centre in Abuja:
- FG to engage the Bankers’ Committee to make the centre fully operational.
- Musawa emphasized the potential revenue loss due to underutilisation.
The Bigger Picture
By implementing structured reforms and targeted investments, the government aims to make Nigeria a global powerhouse in the creative economy, leveraging its rich talent pool and vast market size.
What’s Next?
With work on the Lagos arena already underway, Nigerians can expect major developments in the coming months, as the FG seeks to turn the creative sector into a key economic driver.
