Connect with us

Creative Industry

FG To Amend Act Establishing National Endowment For The Arts



Joel Ajayi 

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government will amend the Act establishing the National Endowment for the Arts to enable it to play a pivotal role inresponding to the demands of the sector, which has been negatively impacted by the Covid-19 pandemic.

The Minister stated this in Abuja on Wednesday, in his opening remarks at the Virtual Forum of the African Union Ministers responsible for Arts, Culture and Heritage.

‘We have decided to amend the Act establishing the National Endowment for the Arts so it can better meet the demands of the sector, which has been greatly impacted by the pandemic.

”The main objectives of the Endowment is to support every medium and area of creative activity in the art, culture and heritage sector as well as to foster professional excellence in the sector,” said

AlhajiMohammed, who doubles as the 2nd Vice Chairperson of the African Union’s 3rd Specialized Technical Committee on Youth Culture and Sport.
He noted that the Creative Industry remains the worst hit by the Covid-19 pandemic because it is audience-centred and, with the social distancing, ban on mass gathering and travel restrictions put in place globally, the fortunes of the industry has taken a nose dive.

“This is why we have decided to face the challenges squarely. Realizing the imperative of having a collective and government-supported approach in dealing with the situation, we haveset up a 22-member stakeholders committee, cutting across art, culture, heritage, tourism, streaming, music, film, etc.,  to come up with immediate, short and long term economic stimulus and initiativesfor the industry, in order to mitigate the effect of the pandemic on the sector,” the Minister said.

He said the Central Bank of Nigeria (CBN) has also set aside 50 billion Naira for small holder businesses and the Creative Industry to support the industry in the post Covid-19 era.

“I have no doubt that the measures we are putting in place will yield positive results in sustaining the Creative Industry in Nigeria in the days to come. I also look forward to sharing in the experiences fromother member-nations of the African Union in tackling the challenges occasioned by the pandemic,” the Minister said.

The virtual meeting, which was chaired by Alhaji Mohammed, was joined by about 20 Ministers of Arts, Culture and Heritage in Africa, who made presentations. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Creative Industry

New Sheriff In Town: Wike Champions First Abuja Investment Summit & Expo 2023



Joel Ajayi

The maiden edition of the Abuja Investment Summit and Expo 2023 takes off in the Federal Capital Tuesday 14th – Wednesday 15th November, 2023, as Minister of the Federal Capital Territory, Barr. Nyesom Wike champions the Annual event to unlock the abundant investment opportunities of the territory for greater economic and industrial growth of the city.

In a statement signed by MNIPR, MITPNDirector, of Communications Ahmed Mohammed Sule on Thursday in Abuja, stated that the Summit and Expo is coming on the heels of Wike’s resolve as Minister of the Federal Capital Territory to make a difference in improved infrastructure, security, and socio service provisions for inhabitants of the Federal capital city and its environs, against the backdrop of the Renewed Hope Agenda of President Bola Ahmed Tinubu.

Scheduled to hold at the Velodrome, Package ‘A’ of the M.K.O. Abiola National Stadium Abuja, the Abuja Investment Summit and Expo christened: ‘Unlocking the Investment Opportunities of Abuja, the Federal Capital Territory is made up of two sessions; The Summit, which will be an interactive session to examine and explore critical areas of investment opportunities in the FCT by expert speakers and panel of discussants.

The other is the Exhibition aspect which provides the window for FCTA Mandate Secretariats and their Agencies, Departments, and Units, allied exhibitors from Federal Ministries, Departments and Agencies (MDAs) as well as Organized Private Sector (OPS) companies, firms and corporate organizations to showcase their businesses and projects with the view to attracting investors for a collaborative partnership to grow their respective sectors.

According to highlights made available to the press on the essence of the Summit and Expo, they include; the promotion and marketing of the Federal Capital Territory as a safe investment destination in Africa, the creation of a platform for networking, knowledge-sharing, and collaboration among investors, entrepreneurs, government officials and other stakeholders and the showcasing of the potentials of Abuja as an investment destination, in addition to portraying the city’s socio-economic and cultural strengths.

As an annual event of impeccable repute and global standards, organizers say the Abuja Investment Summit and Expo 2023 seeks to showcase the potential of Abuja as an investment destination, create a platform for networking and collaboration as well and promote economic growth that will boost Internally Generated Revenue (IGR) and development in the city.

Adding that events and activities lined up for the two-day program are meant to awaken the economic potential of the Federal Capital Territory through the provision of a series of action-oriented and implementable dialogues with multi-faceted stakeholders invited as investors, speakers, panelists, and exhibitors to the Summit and Expo

Indicators from the Organizing Secretariat of the Abuja Investment Summit and Expo revealed quite a number of Ministers have signified their intentions to lead their Agencies and parastatals to the Summit and leverage the opportunities it presents to showcase their sectoral mandates in stimulating investments for the economic growth and development of not only the Federal Capital Territory but the country as a whole.

The Federal Capital Territory Secretariats as primary targets will be showcasing viable Public-Private-Partnership (PPP) projects offering opportunities for investors to leverage on the various business attractions from both the government and individual stakeholders who will be in attendance and to afford financing opportunities for credible investors to access funding for various sector involvements including InfoTech, Agricultural and Agro-processing, Oil and Gas, Mining, Road and Building Projects, Health, Transport, Tourism and Hospitality, Real Estate and Property development and a myriad of Infrastructural Development projects

Worthy of note, as posited by the Organizing Committee, is that the benefits to the FCT is that the Summit and Expo will help boost developmental activities in Abuja and its environs; create of over 500,000 job opportunities for the Abuja populace and its environs; drive the socio-economic growth of the Federal Capital Territory, which is a fundamental aspect of the ‘Renewed Hope’ mantra of President’s Tinubu’s administration

It is expected that the Abuja Investment Summit and Expo will objectively result in stimulating deals and securing transactions for the accelerated economic development of the FCT in industrialization and manufacturing, creation of economic zones and industrial parks, trade logistics for regional integration, structural transformation for private sector competitiveness, skill development and job creation among others.

Continue Reading



Enjoy this blog? Please spread the word :)