NewsExpress banner First Bank Fashion Souk Fidelity bank card banner Umm Sulaim's Thoughts Camano banner

Minister seeks investments in creative sector, says Nigeria ready for business

By News Express on 26/08/2016

Gmail icon

Views: 1,474


The Minister of Information and Culture, Alhaji Lai Mohammed, has called on international investors to invest massively in Nigeria’s creative sector “as the non-oil export alternative for economic growth and development.”

The minister made the call while addressing the plenary session at the ongoing 2016 Edinburgh International Festival Summit in Scotland on Thursday.
“With approximately 24 million TV households, 150 TV channels, a greater number of radio stations, smart phone penetration edging over 40 million and over 100 million phone lines sold to date, and with over 20 million Diaspora Nigerians who are all primary consumers of the creativity located all over the world, and with us being the commercial bed rock of the last frontier, Africa, we are ready for business,” he said.
Alhaji Mohammed said although Nigeria is endowed with abundant cultural heritage, with each of the 36 states boasting of at least 3 to 5 cultural industries, the challenge is how to harness this abundant cultural heritage and create an economy out of it.
He noted, however, that the nation is ready to tackle the challenge by working with its partners, including the Tony Elumelu Foundation and the British Council, to build capacity and provide knowledge.
Recalling the Memorandum of Understanding which he signed with the British Council on the sidelines of the summit on Wednesday, the Minister expressed the belief that the British Council “can assist us in the area of capacity building, identification of infrastructure and, more importantly, in the area of organising how these things work in a cooperative manner.”
He announced Nigeria's intention to preserve its cultural heritage by reviving a number of its festivals that have not been held regularly over the years, including the Argugun Fishing Festival and Durbar, and also bringing back the various age-long traditional games like ‘ayo’, ‘arin’ and traditional wrestling.
Alhaji Mohammed told the summit, which is being attended by representatives of many countries, that the present Administration had resolved, even before knowing the price of oil was going to crash, that it would diversify its economy
He said apart from agriculture and solid minerals, the country will be focusing on the creative industries “because it is a major low-hanging fruit” which is ready to be plucked immediately.
The minister identified some of the key creative industries thriving in Nigeria as the home-grown Nollywood (Film) Industry and the music industry “which is beginning to find its way into major international markets.”
He also listed traditional medicine, music, food, cosmetics, performing arts, science and technology, oral expressions, costumes and body adornment as some of the nation's cultural resources
“We are simply not awake to the fact that our cultural resources offer more lucrative alternatives to our oil deposits in the form of income derivable from entrance fees to facilities and exhibitions, copyright charges for reproduction and use of collected rare objects, photographs and visual images, enquiry charges, sale of publications, publicity materials and promotion licensing agreements to mention a few.
“We need to be alert to harvest our many distinctive tangible and intangible cultural resources,” Alhaji Mohammed said, adding that Nigeria is opening opportunities to boost tourism and the hospitality business through well-organised national and international carnivals and festivals.
•Photo shows Lai Mohammed.

Source News Express

Posted 26/08/2016 10:08:24 PM

 

 

CLASSIFIED ADS

 

You may also like...
Court dismisses application to quash charges against Evans...

FG gives 47 vehicles, military equipment to Niger...

FG declares Friday public holiday

6 killed in fresh Benue attacks

Activists allege Islamisation of Nigerian Army; demand probe,...

N30m worth of substandard shoe polish destroyed in...

Imo guber: Court voids Uche Nwosu’s governorship candidature...

Dream Team top Rio Olympics group, await quarter-final...

Taraba, Benue governments working tirelessly to end Jukun,...

Abia Governorship Election Tribunal grants Otti leave to...

ECOWAS issues deadline to resolve Gambian crisis

BREAKING NEWS: 224 feared dead as passenger plane...

 

Latest News 19-year-old Yahoo Boy sets girlfriend ablaze for cheating on him NCC establishes Emergency Communication Centres in 18 states, launches 112 Toll-Free Emergency Telephone Number 9th Senate: Breaking new grounds under Ahmed Lawan, By Uba Sani Sowore’s rearrest: Respect the Rule Of Law, US Govt tells FG Why DSS rearrested Sowore - Presidency APC clears 16 chairmanship seats in Ekiti Sowore’s co-defendant, Bakare, speaks out from hiding Falana, Odinkalu, Ozekhome, DSS to clash at Human Rights Summit Insecurity: NIS set to introduce new visa regime Shocking revelations about billionaire Lulu-Briggs’ death Edo APC crisis: Kinsmen go spiritual, lay curses on Oshiomhole’s adversaries Kogi guber: Wada, PDP file petition at tribunal

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (570,076 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (455,833 views) Shameless Genevieve Nnaji exposes breasts in public (405,672 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (340,842 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (307,153 views) 10 cars more expensive than Jets (291,118 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (260,938 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (259,815 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (241,260 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (227,840 views) Lagos plane crash: Journalist releases victims’ names (203,602 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (200,057 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (111) Business & Economy (4,616) Business Verdict (89) Columnists (1,156) Complaints & Requests (97) Enterprise & Opportunities (221) Entertainment (716) Features (853) Global Business Monitor (497) ICT Monitor (73) International (4,308) Interview (219) Live Commentary (30) Love Matters (177) Maggie's Blog (510) News (54,986) Opinion (1,436) Pidgin (18) Politics (11,861) Religion (1,132) Sports (2,248) Stock Watch (40) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera