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Nigeria creative and industrial sector development

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2026-10-17 12:26 UTC → 2026-10-24 18:07 UTC · added ~~removed~~

Nigeria is experiencing growth in its creative and industrial sectors. The World Intellectual Property Organization (WIPO) has noted the international success of sectors like Afrobeats and Nollywood, though officials warned that digital transformation has made piracy a “sophisticated, borderless enterprise” that poses cybersecurity risks. Dr. Oluwatobiloba Moody, Director of the WIPO Nigeria Office, noted that illicit digital platforms can expose users to malware and disrupt digital infrastructure, prompting calls for a national response action plan involving law enforcement and telecommunications. In the creative economy, industry leaders are advocating for a shift toward intellectual property (IP) ownership. At the PluggedIN event in Lagos, stakeholders emphasized that digital creators should be treated as IP owners capable of developing original content rather than just influencers. To support this, the Bank of Industry is providing financial assistance through the Investment in Digital and Creative Enterprises (iDICE) programme. The BOI–iDICE Debt Fund offers loans between ₦10 million and ₦1 billion to help film producers, music entrepreneurs, and fashion designers expand operations and access distribution networks. Efforts to strengthen domestic capabilities are also evident in the energy sector, where the Local Content Act of 2010 has helped increase Nigerian content in the oil and gas industry to 56% by the end of 2023. This shift has reportedly created over 50,000 jobs and retained significant annual expenditure within the national economy. ~~In the creative sector, companies are working to transform local historical narratives into high-quality intellectual property to meet international production standards.~~

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