France injects €100 million support into Nigeria’s creative economy
Image 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.
Image Credit: africa.businessinsiderYou must be logged in to comment.
Log in to commentMore from Africa.businessinsider
Egypt, South Africa lead Africa’s smartphone growth as Nigeria slumps in Q1 2025
Africa’s smartphone market grew by 6% year-on-year in Q1 2025, with 19.4 million units shipped, marking the continent’s eighth consecutive quarter of growth, according to Canalys data. Egypt and South Africa led the growth with 34% and 14% increases respectively,...
Business
brief
Tinubu’s Benue Visit Draws Criticism as Obi Demands Immediate Action on Mass Killings and Flood Relief
President Bola Ahmed Tinubu plans to visit Benue State on Wednesday following the massacre of over 200 villagers, a move described as a solidarity visit by the Presidency. Labour Party leader Peter Obi criticized the delay, stating that immediate presidential...
Ric Hassani Says Gospel Music Isn’t His Calling, Aims to Impact the World Differently
Nigerian singer Ric Hassani addressed the trend of gospel artists moving into secular music, explaining that this shift is often about seeking purpose rather than financial gain. He shared his own journey, noting that while he started in church music,...
Top 5 Personal Loans for Bad Credit with Guaranteed Approval and No Credit Check Needed
Individuals with bad credit can still obtain personal loans through specialized lenders who offer guaranteed approval and flexible terms online. Top lenders highlighted include Upstart, Upgrade, MaxLoan365, 50K Loans, and Wizzay, each catering to different borrower needs like quick approval,...
Daddy Freeze Reveals Receiving Death Threats Over Criticism of Nigerian Pastors
Media personality Daddy Freeze revealed on The Honest Bunch podcast that over a decade ago, he received death threats for criticizing Nigerian Christian pastors. He explained his criticism followed his church excommunication after divorce, leading him to study scriptures deeply...
NPA Launches $1 Billion Port Upgrades Boosting Nigeria’s Maritime Economy and Trade in 2024
The Nigerian Ports Authority (NPA), under MD Dr. Abubakar Dantsoho, is spearheading a $1 billion reconstruction of Tincan Island Port and rehabilitation of other major ports including Apapa, Rivers, Onne, Warri, and Calabar to modernize infrastructure and expand capacity. These...
No comments yet. Be the first!