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Nigeria creative economy development and policy

Overview

The Nigerian government has identified the creative sector, or ‘orange economy’, as a primary driver for economic diversification to support a goal of reaching a $1 trillion economy by 2030. Minister of Art, Culture, Tourism and Creative Economy, Hannatu Musawa, has set targets for the sector to contribute N100 billion to the GDP and create 2 million jobs by 2030. To facilitate this, the Ministry has inaugurated four committees focused on policy, strategy, stakeholder engagement, and monitoring to build the necessary institutional and financial architecture.

As the sector seeks projected annual growth of 8.6 percent through 2028, industry stakeholders have raised concerns regarding weak intellectual property protections. Experts highlight that widespread copyright infringement and inadequate registration services threaten the ability of creators to monetize their work. Proposed reforms include copyright levy changes to direct 50 percent of collections to rights owners and the establishment of the Creative Infrastructure Trust Company (CITco) to support the ecosystem. Observers emphasize that compensation must extend across the entire ecosystem, including producers, songwriters, and technical professionals.

Under the ‘Renewed Hope Agenda’ and ‘Destination Nigeria’ initiative, the government is also looking toward regional cultural assets. At the 2026 Kano Creative Summit, Minister Musawa highlighted the economic potential of Kano’s cultural heritage, such as the Kannywood film industry and traditional leatherwork, while calling for the professionalization of the sector through the separation of personal and business finances and the revival of cultural sites.

Entities

Nigeria · Hannatu Musawa · Development Research and Projects Centre · Lai Mohammed · Federal Government of Nigeria

Timeline

  1. [BUSINESS] 4 sources
    Nigeria targets two million creative sector jobs by 2030

    Nigeria aims to create two million jobs in the creative sector by 2030 through initiatives like the Renewed Hope Agenda and by leveraging regional cultural heritage.

  2. [BUSINESS] 3 sources
    Nigeria’s creative economy faces risks from weak copyright protections

    Nigeria’s N1.97 trillion creative economy faces risks from weak copyright protections, prompting calls for reforms to ensure fair royalty distribution across the entire creative ecosystem.

  3. [BUSINESS] 3 sources
    Nigeria targets creative sector to drive $1tn economic goal

    Nigeria aims to boost its economy to $1 trillion by 2030 by expanding its creative sector, targeting 2 million jobs and a significant GDP contribution through new policy and strategic summits.

Sources

atqnews.com · brainnewspaper.com · businessbhutan.bt · businessday.ng · dailytrust.com.ng · nannews.ng · phenomenal.com.ng · premiumtimesng.com · punchng.com · qed.ng

This summary has been updated 1 time: see revision history