Minister to Investors: Invest in Nigeria's Creative Industry

The Minister of Information and Culture, Lai Mohammed, has urged investors to take advantage of the opportunities in the nation’s creative industry.

”Nollywood, for example,is not just about entertainment. It is also a major driver of economic growth and job creation, especially for youths and women,” Mr Mohammed said. ”With over 2,000 movies produced annually, the opportunities are immense for wealth and job creation.” “Now, this is just a tip of the iceberg, considering that 6,000 screens and 1,000 cinemas are required to serve the Nigerian population of about 200 million people,” the minister said.

”The Nigeria music revenue grew from about $36 million in 2014 to $53 million in 2018 and is projected to hit $86 million in 2021, making it the biggest in the region,” he said.

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