Creative industry Nigeria’s next oil, says Lai Mohammed
Lai Mohammed states Nigeria’s creative industry is the “next oil,” with vast potential for job creation and economic growth, aiming for a $1 trillion econo Read More: https://punchng.com/creative-industry-nigerias-next-oil-says-lai-mohammed/
Lai Mohammed, a former minister of information and culture, claims Nigeria's creative industry is the country's "next oil," with significant potential to generate jobs and spur economic growth. During a meeting with the National Institute for Policy and Strategic Studies (NIPSS), Mohammed emphasized the need to explore economic opportunities in Nigeria's creative and cultural industries, as opposed to relying solely on crude oil.
The institute aims to develop strategies to support President Bola Tinubu's goal of growing the economy to $1tn by 2030. NIPSS Director-General, Prof Ayo Omotayo, stated that the institute aligned its research with the president's economic agenda, focusing on sectors that could attain a trillion-dollar economy. The ministry is committed to repositioning arts, culture, and tourism as major drivers of growth under the Renewed Hope Agenda.
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