By Stanley Onyeka, Lagos
The Federal Government has unveiled details of its bold and strategic plans to generate at least $100 billion and create over two million jobs from Nigeria’s creative economy yearly.
The Government’s plan was unveiled in Lagos on by the Minister of Art, Culture and the Creative Economy, Hannatu Musawa at a roundtable for local and international investors, according to a statament.
Presenting her Ministry’s 8-Point Plan and Roadmap, the Minister was quoted as saying that if implemented to its fullest, the plan has the potential to achieve the above-stated objectives. She listed the 8-Point Plan as follows:
- Nigeria Destination 2023, a national initiative designed to grow the arts, culture and creative economy under one united vision
- Skills Development
- Fastrack Policy Frameworks
- Strategy Governance and Collaboration
- Smart Strategic Partnerships
- Growth Targets for GDP Contribution & Sectoral Output
- Enabling Business Environments
- Cultural Heritage Preservation and Sustainability
She lamented that despite its huge potential, Nigeria’s creative industry currently contributes just $5 billion to the economy, with its different sub-sectors at various stages of development.
These include music (sound recording, live performances and music videos), visual media (movies, TV shows, comedy shows, podcast, content creation), visual arts & craft (canvas painting, design, sculpturing, woodwork and other craft works), heritage & museums, culinary arts, fashion, publishing (books, literary arts, poetry, magazine, etc), and video gaming.
According to the National Bureau of Statistics (NBS), Nigeria’s creative economy has a very low contribution to overall GDP in comparison with benchmark countries.
With the industry contributing just 1.2% to Nigeria’s GDP in 2022, this is the least when compared to other African countries like Morocco (2.7%), South Africa (3.0%), and Egypt (4.3%).
It also ranks low (1.0%) in its ability to earn government revenue from the sector, compared to South Africa’s 12.5%.
To achieve its ambition, she said the Ministry has identified 14 pivotal initiatives that will drive the sector’s growth and significantly boost government revenue $10billion – $20billion.
Growth initiatives
Ms. Musawa grouped these initiatives under four unique pillars, namely: Technology, Infrastructure and Funding, International Culture Promotion, and Intellectual Property Monetisation.
Under the Technology pillar, the Ministry intends to launch a digital content creation tool accessibility program to provide improved and discounted digital tools for Nigerian creatives.
Others include the launch of the Nigeria content distribution initiative to increase the nationwide adoption of digital tools for content distribution, and a study to estimate the size of the creative industry in Nigeria.
For Infrastructure and Funding, this entails cataloguing existing infrastructure for the Arts, Culture and Creative Economy and its current state, developing the appropriate infrastructure needed to the industry.
This will leverage public-private partnership to fund development, providing incentives to stakeholders in the creative economy to boost investment and adoption of strategic initiatives, and launching a creative accelerator program to provide capital, and capacity building to creative companies.
The Ministry has identified 14 pivotal initiatives that will drive the sector’s growth and significantly boost government revenue $10billion – $20billion.
For International Culture Promotion, the Ministry will establish a culture promotion office collaborating with Nigerian embassies abroad, to promote Nigerian arts, culture and creative economy, and leverage AFCTA to boost Nigerian creative output export regionally and globally.
For Intellectual Property Monetisation, the Ministry will seek to establish Globally standardised Collection Management Organisations (CMOs) for most of the sectors, launch a Copyright Oversight Initiative in partnership with the Nigeria Communications Commission (NCC) to enhance tracking, monitoring, and enforcement of copyright standards, ensuring CMOs’ adherence to CISAC standards.
It will also develop and implement the intellectual property framework and operationalise Nigeria’s IP licensing framework.
The Minister said that Nigeria’s Creative Economy has the potential to grow by 400% by 2027, positioning the sector to leapfrog in the long term and deliver the vision for the sector.
To this end, she revealed that the Ministry has already created several initiatives, including: the Creative Leap Acceleration Program, CultRise, an infrastructure development initiative and Origins, an advanced data capture and management initiative designed to collect, store, analyse, and share critical data related to Nigeria’s cultural and creative industries.
Other infrastructure projects include the Digital & Immersive Art Centre, the Renewed Hope Creative City at the Wole Soyinka Centre, Arts Village in Abuja, setting up of Creative Hubs in Nigeria’s 36 states, the National Entertainment Centre, Abuja Creative City, and the National Gallery of Art, among others.
Towards the realisation of the government’s job creation target, the Minister disclosed that the Ministry has entered into partnership with BigWin Philanthropy, a major international development partner, to deliver a transformative capacity building and job creation strategy.
