Nigeria’s creative industry, the fastest growing in the world — Minister
The Minister of State, Industry, Trade and Investment, Aisha Abubakar, has said that the Nigerian imaginative industry has the quickest development rate on the planet.
Aisha Abubakar made the case at an innovative business people summit composed by the Enterprise Development Center, EDC, Global Entrepreneurship Network, GEN, and the Federal Ministry of Industry Trade and Investment, labeled “Inventive Industry in Nigeria-the Emergence and Opportunities for Entrepreneurs”.
She noticed that the Nigerian inventive industry has seen a time of fast development impelled by rising advanced innovation, which underpins content creation, conveyance and utilization, a developing white collar class in Nigeria and the majority of sub-Saharan Africa just as supporting enterprises, which are quickly developing.
The pastor who was spoken to by Director, Industrial Development, Mr. Adewale Bakare, said the inventive business has run worldwide with little government support.
“There is no expansive put together accord with respect to what inventive businesses are, however, I will elaborate on Nigeria’s three (3) noteworthy territories of relatively favorable position in the innovative economy – Music, Film and Information Technology Industries,” she said.
Abubakar noticed that the International Monetary Fund (IMF) evaluated Nollywood as the second greatest business in Nigeria, connecting over a million people, including that the criticalness of the Nigerian film and media business came into center after the rebasing of the national economy in 2013.
“By 2016, the film business area contributed 2.3 per (N239 billion) of Nigeria’s Gross Domestic Product (GDP), Nigeria’s music industry developed by 9 percent by 2016 to achieve an estimation of 39 million dollars, and is set to develop by 13.4 percent CAGR by 2021, with an expected worth of around 73 million dollars. What’s more, the gaming business in Nigeria, as per a PwC think about gaming, is developing. It is profiting by an expanding client base, for the most part, the vast and energetic populace. UNICON values Nigeria’s computer game industry at $150 million USD and assessments portable gaming to outperform $147 million USD by 2020” she said