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.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buhari directs trade minister to set up agro-allied industry in 36 statesVery good Mr's president What does this even mean? Purposeful government isn't run by cant or idle pronouncements. You study problems, run strategic sessions to find solutions, validate solutions and execute. China got here through proper planning & execution, not by trifling pronouncements! Gov'ts should declare a State Of Emergency on Animal Farming & begin an aggressive transformation of the livestock sector. Have herders & their animals registered. Prohibit open grazing and assist herders to establish ranches, complete with water sources, clinics, schools,etc.
Source: MobilePunch - 🏆 8. / 63 Read more »