Minister of Culture, Art and Creative Economy, Barrister Hannatu Musa-Musawa

FG targets $100bn GDP boost from creative economy by 2030

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The Federal Government plans to attract $100 billion to Nigeria’s Gross Domestic Product (GDP) from the creative industry by 2030.

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The Minister of Culture, Art and Creative Economy, Barrister Hannatu Musa-Musawa, disclosed this during the Ojude Oba festival held in Ijebu-Ode, Ogun State.

The Minister, who was represented by Dr. Ben Ugo Anama, said the government was committed to promoting and preserving Nigeria’s cultural heritage under President Bola Tinubu’s Renewed Hope Agenda.

Musa-Musawa explained that the ministry’s vision, “Destination 2030,” is aimed at leveraging the economic potential of the arts, culture, and creative economy to drive substantial economic expansion.

She asdured that the sector is capable of contributing over $100 billion to the GDP by 2030, underscoring the government’s strategic focus on cultural and creative industries as pivotal drivers of economic growth.

Musa-Musawa also emphasized the government’s intention to seek UNESCO recognition for the Ojude Oba festival.

According to her, ”This initiative aims to elevate the festival’s status internationally, highlighting its significant impact on Nigeria’s tourism sector.

”Indeed, it is an effort to diversify the economy and promote Nigeria’s rich cultural heritage on a global stage.”

The Minister assured that all necessary processes would be activated to secure UNESCO approval, ensuring the festival gains the global recognition it deserves.

Also, Governor Dapo Abiodun of Ogun State expressed joy that the Ojude Oba festival has continued to give Ijebuland and Ogun State a unique identity.

He acknowledged the festival’s contribution to the cultural heritage and its potential to boost tourism in the state.