Abubakar made the claim at a creative entrepreneurs summit organised by the Enterprise Development Centre, EDC, Global Entrepreneurship Network, GEN, and the Federal Ministry of Industry Trade and Investment, tagged “Creative Industry in Nigeria- the Emergence and Opportunities for Entrepreneurs”.
She noted that the Nigerian creative industry has seen a period of rapid growth spurred by emerging digital technology, which supports content creation, distribution and consumption, a growing middle class in Nigeria and most of sub-Saharan Africa as well as supporting industries, which are rapidly evolving.
The minister who was represented by Director, Industrial Development, Mr Adewale Bakare, said the creative industry has gone global with little government support. “There is no broad-based consensus on what creative industries are, but I will expatiate on Nigeria’s three major areas of comparative advantage in the creative economy – Music, Film and Information Technology Industries,” she said.
“By 2016, the film industry sector contributed 2.3 per of Nigeria’s Gross Domestic Product , Nigeria’s music industry grew by 9 per cent by 2016 to reach a value of 39 million dollars, and is set to grow by 13.4 per cent CAGR by 2021, with an estimated worth of about 73 million dollars. In addition, the gaming industry in Nigeria, according to a PwC study on gaming, is growing. It is benefitting from a broadening customer base, mostly the large and youthful population.
vanguardngr Without the govt hand in it, cus anything you guys called govt put your hands into dies before the eyes could see the good things in it.
vanguardngr Keep deceiving yourself Madam!
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.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »