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Home Economy

Governors Back $100bn Creative Economy Drive, Pledge Support for Federal Initiative

Victoria Emeto by Victoria Emeto
August 29, 2025
in Economy
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Governors Back $100bn Creative Economy Drive, Pledge Support for Federal Initiative

Nigerian governors have thrown their weight behind the federal government’s ambition to add $100 billion to the country’s Gross Domestic Product (GDP) through the largely untapped potential of the creative economy by 2030.

The federal government projects that arts, culture, tourism, and the wider creative economy could contribute significantly to GDP in the next five years while creating over 3 million jobs.

In a communiqué signed by the Chairman of the Nigeria Governors’ Forum (NGF), AbdulRahman AbdulRazaq, after a meeting late Wednesday in Abuja, the governors described the plan as vital to enhancing growth in Nigeria’s creative and tourism sectors.

The NGF pledged full support for the initiative, highlighting key projects such as the $200 million Creative Economy Development Fund (CEDF), the $1 billion Creative and Tourism Infrastructure Corporation, as well as landmark investments including the Lagos Arena, Abuja Creative City, and Renewed Hope Cultural Villages.

According to the Forum, these projects will play a critical role in unlocking Nigeria’s creative potential, positioning the country as a global hub for arts, culture, and tourism while boosting job creation and economic resilience.

Tags: #ArtsAndCulture#CreativeEconomy#NigeriaGDP#TourismGrowth
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