Nigeria strengthens creative economy and investment frameworks

Nigeria is working to strengthen its economic frameworks through institutional developments and investment protection reforms. The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has reappointed Dr. Ngozi Omambala as Vice Chairman of its Creative Economy Trade Group for the 2026/2027 term.

This move coincides with a collaboration between NACCIMA and the University of Porto’s Migration Observatory Lab in Portugal. The partnership aims to transition Nigeria’s creative industries—including music, film, and fashion—from domestic cultural success to a structured framework of international trade, investment, and knowledge exchange.

Simultaneously, discussions regarding Nigeria’s investment climate highlight the need to improve the enforcement of investment protection laws. While the Nigerian Investment Promotion Commission (NIPC) Act provides mechanisms for foreign investors, experts note that many of the country’s over thirty Bilateral Investment Treaties (BITs) remain unratified or poorly implemented. Strengthening these legal structures is seen as essential for maintaining investor trust and competing globally.