France injects €100 million support into Nigeria’s creative economy

France injects €100 million support into Nigeria’s creative economyImage Credit: africa.businessinsider
  • Nigeria and France have strengthened bilateral relations with France committing up to €100 million in concessionary funding to support Nigeria’s creative infrastructure.
  • Nigeria’s Minister of Arts, Culture, and the Creative Economy, Hannatu Musawa, emphasized that the funding aims to empower talent, create jobs, and position Nigeria as Africa’s creative capital.
  • The partnership includes an audiovisual co-production agreement and the establishment of the Creative and Tourism Infrastructure Corporation (CTICo) with ambitions to invest $100 billion and generate over two million jobs by 2027.
  • The creative industry in Nigeria has already created over 577,754 jobs, with significant growth reported in entertainment, cultural, and tourism sectors based on data from the National Bureau of Statistics.

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