{
  "id": 9998724,
  "title": "Lagos Moves to Strengthen Creative Economy, Promises Structured Funding Channels, Faster Payments",
  "url": "https://urgent.news/2026/09/26/lagos-moves-to-strengthen-creative-economy-promises-structured",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-26T13:52:21.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/26/lagos-moves-to-strengthen-creative-economy-promises-structured-funding-channels-faster-payments/"
  },
  "original_language": "en",
  "account": "The Lagos State Government has declared its commitment to bolstering the state’s creative economy by introducing structured funding channels, grants, and expediting payments to creative suppliers. Deputy Governor Dr. Kadri Obafemi Hamzat emphasized during the second edition of Podfest Naija that Africa possesses abundant creative talent and skills, but lacks effective systems for contracts, payments, intellectual property rights, data management, and financing. He lamented that despite the creative economy’s multi-trillion-dollar global value, Africa only captures less than three percent of it. The state aims to transform the creative sector into a well-structured industry, ensuring protection, fair compensation, and value for creators. Hamzat highlighted that government, as a significant consumer of creative services, would prioritize prompt payments to creative suppliers, acknowledging past shortcomings in payment practices. He also urged creatives to safeguard their intellectual property and build sustainable businesses, stressing the need to capture greater economic value from their work. Podfest Naija, organized by Tosin Adefeko, aims to empower African storytellers, enhance their skills, and facilitate dialogue among various stakeholders in the creative ecosystem.",
  "summary": "Sunday Ehigiator The Lagos State Government has pledged to strengthen the state’s creative economy through structured funding channels, grants and faster payment of creative suppliers engaged by government. The state",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}