ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Travel

Minister woos investors to creative industry

6th February 2020
in Travel, Travel & Tourism
0
Minister woos investors  to creative industry
0
SHARES
44
VIEWS
Share on FacebookShare on Twitter

Emeka Anokwuru

The Minister of Information and Culture, Alhaji Lai Mohammed, has urged investors to take advantage of the burgeoning opportunities in the nation’s creative industry, which he described as the fastest growing sector of the nation’s economy, in terms of business opportunities, employment, earnings and entertainment. The minister made the plea at the 11th Tourism Investment and Business Forum for Africa (Investour), which was held on the sidelines of the ongoing International Tourism Trade Fair (FITUR) in Madrid, Spain. He said the sector currently employs about 1 million people, directly and indirectly, and has the potential to employ millions more, with the much-needed investment.

‘’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,’’ Alhaji Mohammed said. ‘’With over 2,000 movies produced annually, the opportunities are immense for wealth and job creation.’’ He said though the growth in the area of cinemas, for example, has been impressive, it is yet a tip of the iceberg.

‘’In 2014, Nigeria had just 23 cinemas, 100 screens and three digital platforms. By 2018-2019, the cinemas have grown to 51, the screens to 184 and the digital platforms to five. 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.

He said the potential impact of such growth includes the creation of additional 1 million jobs and a GDP growth contribution of 3 to 5 per cent.

Alhaji Mohammed, who served as a panellist at the event, said the nation also boasts of a very vibrant and popular music industry which not only reflects her cultural richness, but has over the years translated into international recognition and acceptance.

‘’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, noting that a chunk of the figure comes from digital music consumption, an area of the market which significantly boosted the industry in Nigeria and paved the way for local artists to thrive.

In the area of fashion, the Minister put the earnings at over N4 trillion of Nigeria’s re-based GDP (National Bureau of Statistics, 2018), and described arts and crafts as another growing area of the Creative Industry. He said with a rich food diversity, Nigeria could also leverage on gastronomy to grow its tourism and create job, especially for women who, he said, dominate the sector.

‘It offers opportunities for communities to integrate tourism and local food systems in order to promote economic activities. Gastronomy tourism contributes positively to many levels of the tourism value chain, such as agriculture and local food manufacturing and provides a platform for the promotion of cultures through their

Rapheal

Rapheal

Related Posts

Travel writers lament state of Nigerian tourism
Columns

NTDC: Calabar like Esuk Mba

4th March 2021
Why we provide opportunities to connect job seekers  to employers – Rolake Rosiji, CEO Jobberman
Travel

Why we provide opportunities to connect job seekers to employers – Rolake Rosiji, CEO Jobberman

4th March 2021
Ohanaeze: We’ll ensure security in South East, fight for 2023 Igbo presidency – Splinter group
Travel & Tourism

Ohanaeze Youth Council faults Sheikh Gummi’s comment on Ojukwu

4th March 2021
Next Post
NCAC, Belgium plan cultural  exchange program for 2020

NCAC, Belgium plan cultural exchange program for 2020

Travel writers lament state of Nigerian tourism

NANTA on the radar again

Cross River re-run election: When godfathers succumbed to popular will

Cross River re-run election: When godfathers succumbed to popular will

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Why mantle of leadership of Lagos was handed over to Sanwo-Olu – Tinubu

Edo govt warns thieves who remove manhole covers on major roads

Edo govt reads riot act against criminals removing steel manhole covers on major roads, walkways

Jonathan impressed with FG’s effort to tackle insecurity

Conflicting media reports complicating FG’s efforts on fight against banditry — Rev. Ladi Thompson

Kidnapping: Two church members rescued in Delta

Trending

ITF disclaims recruitment advert
National

MURIC accusations: ITF operating above nepotism, sectional, religious sentiment — Spokesperson

5th March 2021
0

From Gyang Bere, Jos The Industrial Training Fund (ITF) said the organization has been operating above religious,...

Again, bandits swoop on Kaduna communities, kill 23, injure 3

Bandits kill 17 persons in Sokoto community

5th March 2021
FG presents letters of credence to 25 career, non career ambassadors-designate

FG presents letters of credence to 25 career, non career ambassadors-designate

5th March 2021
Why mantle of leadership of Lagos was handed over to Sanwo-Olu – Tinubu

Why mantle of leadership of Lagos was handed over to Sanwo-Olu – Tinubu

5th March 2021
Election: Stay to defend your vote, Obaseki tells electorate

Edo govt warns thieves who remove manhole covers on major roads

5th March 2021

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist