FG’s $200m creative economy fund to launch June 2025
The Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musa Musawa, has announced that the $200 million African Export-Import Bank fund dedicated to supporting Nigeria’s tourism and creative economy will take effect from June 1, 2025. Musawa, in a statement emphasized the Ministry’s commitment to attracting international investments to drive growth in the sector. […]
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The Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musa Musawa, has announced that the $200 million African Export-Import Bank fund dedicated to supporting Nigeria’s tourism and creative economy will take effect from June 1, 2025.
Musawa, in a statement emphasized the Ministry’s commitment to attracting international investments to drive growth in the sector. She noted that ongoing efforts are part of a broader plan to create a $100 billion economy by 2030.
“The Ministry has identified four strategic pillars for economic diversification: data-driven insights through the D-30 project, stakeholder collaboration, policy reforms, and infrastructure modernization via public-private partnerships. Additionally, the “Nigeria Everywhere” brand aims to promote global tourism and cultural exchange.”
Musawa highlighted ambitious targets, including doubling the tourism sector’s GDP contribution, generating over two million jobs, and positioning Nigeria among the world’s top 20 creative economies by 2030. She further revealed that $2 billion is being mobilized from global and local investors to support these initiatives.
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The Minister reaffirmed her commitment to making Nigeria a leading tourism and creative hub, aligning with President Tinubu’s economic diversification agenda.