Creative Industry
Sterling Bank Administers 2ndPhase Low-Interest Facility To 2021 Tourism Entrepreneurs In Ekiti
Standing tall to its mission of empowering the low cadre tourism entrepreneurs in Ekiti State with the low-interest facility, Sterling bank on Wednesday 19 May 2021 in Ado Ekiti, credited the accounts of 202 tourism entrepreneurs in Ekiti – State, Nigeria.
The disbursement of the loan was the 2nd phase of the Sterling Bank Tourism Development Fund Initiative, a product planted by Sterling bank which and facilitated by the Office of the Senior Special Assistant to the Governor of Ekiti State on Tourism Development, Ambassador Wale Ojo – Lanre to make fund available to tourism practitioners to boost their trade and expand their business.
At the disbursement ceremony held at the Conference Hall of Ekiti State Ministry of Women Affairs, Block V, Lot II, Ekiti State Secretariat , Prof Rasaki Ojo – Bakare, Ekiti State Commissioner for Arts, Culture and Tourism, who was the Special Guest at the event, said that Governor Kayode Fayemi was keenly interested in boosting the economic activities of all stakeholders within the ambit of arts, culture tourism, hence, seeking a way of opening doors of financial platforms where the practitioners can leverage on low interest facilities.
He praised Sterling Bank for its interest in the development of arts, culture and tourism sector and called on the beneficiaries to make judicious use of the loan adding that it would not only shore up the economy of the state but put them in a firmer financial stead to expand their businesses.
He commended the Senior Special Assistant to the Governor of Ekiti State on Tourism Development, Mr Wale Ojo – Lanre for his innovative tendencies at driving the tourism sector in Ekiti state not only for visibility but economic viability while lauding the synergy between the Office of the SSA Tourism Development, Bureau of Employment, Labour and Productivity being led by Mr Lanre Ogunjobi and the Special Assistant to the Governor on Informal Sector, Mr Oroya Aladeloye on this scheme.
Mr Shina Atilola, Divisional Head of Retail Banking and Customer Banking pointed out that the soft loan scheme to tourism entrepreneurs is strategically conceived by the Managing Director of Sterling Bank, Mr Abubakar Suleiman, to provide a platform where the low cadre tourism entrepreneurs can access fund of low interest.
He said that it was the mission of Sterling bank not only to provide the loan for the beneficiaries but also network their services, craft items and provide to buyers and patrons .
Mr Atilola pointed out that Sterling bank is out to empower and enhance the business and economic endeavours of tourism practitioners and stakeholder noting that the sector encompasses almost everything that a typical traveller will need in a strange land.
He commended Governor Kayode Fayemi for being pro-poor and pro – masses in his drive at placing the economic base of Ekiti on a sustainable pedestal by aligning it with low cadre entrepreneurs and for putting proactive and positive-minded persons attending the tourism sector.
Mr Atilola lauded the efforts of Mr Ojo- Lanre, SSA Tourism Development for his doggedness and resourcefulness by networking with Messer Lanre Ogunjobi, DG, ELP and Oroya Aladeloye, SA, Informal sector at making the scheme working and walking in Ekiti State.
He called on the beneficiaries to be faithful and prompt on repayment schedules as this would accelerate and pave the way quickly for others as the scheme targets 2000 beneficiaries in Ekiti State.
Bola Hamzat and Eniola Eyinafe both beneficiaries of the scheme lauded Governor Kayode Fayemi for networking tourism stakeholders and entrepreneurs in the state to Sterling bank and happy that the soft loan would help in creating employment opportunities in the state.
Mr Ojo – Lanre commended the Sterling Bank team especially Mrs Abiola Adelana , Sterling Bank Tourism Desk for her goal-getting strides at pushing the tourism vision of the bank efficiently to Ekiti State , lauded Mr Gbenga Adegoke, Divisional Head, Product Proposition, and Ado Ekiti Sterling bank Staff being led by Mr Lekan Afuye for the success of the first phase disbursement to 90 beneficiaries and the commencement of the empowerment of 2nd batch for 202 beneficiaries under Sterling Bank Tourism Fund Development Imitative in Ekiti State.
Creative Industry
CAFA Targets $500bn Fashion Economy At Canex Wknd 2026
Joel Ajayi
The Confederation of African Fashion (CAFA) will present its roadmap to grow Africa’s fashion economy from an estimated $30 billion to $500 billion at CANEX WKND 2026 in Lagos.
Marking its first anniversary on November 5, CAFA will unveil a joint stand with the Federal Ministry of Art, Culture, Tourism and the Creative Economy at the Wole Soyinka Centre for Culture and the Creative Arts, formerly the National Arts Theatre, on November 5, 2026.
CAFA President, Aare (Prof.) Lai Labode, said the institution works with African governments to align sourcing, production, trade and intellectual property policies, ensuring African creativity generates greater value for African businesses and communities.
Nigeria became the first country to sign the African Fashion Industry Growth Charter on November 5, 2025, when the Honourable Minister Barr. Hannatu Musa Musawa signed on behalf of the Federal Government.
Speaking ahead of the unveiling, Minister Musawa said: “Afroliganza seeks to build a structured, values-driven fashion economy rooted in African heritage, led by African institutions, and positioned for global impact.”
On employment potential, the minister emphasized that Investment in fashion will create millions of jobs, particularly for women and youth.
Registered in Rwanda, with an office in Kigali and a desk at the Federal Ministry of Arts, Culture, Tourism and the Creative Economy, CAFA is also working with Nigeria’s Ministry of Foreign Affairs towards African Union adoption of the Charter. Rwanda is progressing towards becoming its second participating country and the first in East Africa.
Its first year saw fifty nations gather at the Egbaliganza-Lisabi Festival in Abeokuta and a signed MoU with Türkiye’s ASRIAD.
CAFA’s programmes promote processing African raw materials into finished apparel locally. ‘Own What We Create’ addresses intellectual property protection, while the CAFA Certified Seal and CAFA Heritage Mark support standards and authenticity. African Global Fashion Houses are currently being established across international markets.
The African Global Fashion Games will debut in Nigeria in 2028, bringing designers together under national colours. Held every three years, the Games will alternate between African and international hosts, combining competition with investor meetings, deal signings and policy discussions. Its Instant Craft event gives competing nations identical materials and a fixed clock, placing skill at the centre of the contest.
CAFA is inviting creatives, fashion designers, artisans, diplomats, economists, investors and policymakers to its CANEX stand. Visitors can explore the roadmap, ask questions and identify opportunities to contribute through design, manufacturing, investment, research, trade and international partnerships. The stand will be open daily from November 5 to 8.
CAFA calls on the African Union to adopt the Charter, and governments to sign the Games Register and form national teams.
“Fashion has always told the world who Africa is. Now Africa will decide what fashion pays,” Aare Prof. Lai Labode said.
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