Hannatu Musawa, Nigeria’s Minister of Arts, Culture and the Creative Economy, has announced a significant partnership with the African Export-Import Bank, securing a $200 million financing facility to bolster the country’s creative industries.
In a statement released through her media aide, Nneka Anibeze, Musawa highlighted that this collaboration is a vital part of the Destination 2030 vision, aimed at transforming Nigeria into a global cultural powerhouse. The initiative is one of the ministry’s ambitious goals for enhancing the creative economy.
Musawa emphasized the importance of global partnerships in achieving this vision and urged stakeholders to invest in the initiative. “To fully realize this vision, I urge investors, development partners, and global collaborators to join us in creating 2 million jobs and contributing $100 billion to the national GDP,” she stated.
Prof. Benedict Oramah, President and Chairman of Afreximbank, who announced the partnership in New York, reaffirmed the bank’s commitment to supporting Nigeria’s creative initiatives for sustainable economic growth. He underscored the necessity of investing in the creative industry to position Africa as a global cultural leader.
“The Bank has deployed the Creative Africa Nexus (CANEX) programme to enhance Africa’s share of global trade in creative and cultural products,” Oramah explained. He noted that the initiative would focus on offering tailored financial solutions, facilitating technical capacity building, and opening avenues for growth in the sector.