Federal Ministry of Art, Culture, Tourism and Creative Economy Signs Landmark MOU to Strengthen Creative MSMEs and Expand Global Opportunities

Federal Ministry of Art, Culture, Tourism and Creative Economy Signs Landmark MOU to Strengthen Creative MSMEs and Expand Global Opportunities




 
The Federal Ministry of Art, Culture, Tourism and Creative Economy, under the leadership of THE HONOURABLE MINISTER OF ART, CULTURE, TOURISM AND THE CREATIVE ECONOMY, Barr. Hannatu Musa Musawa, has signed a strategic Memorandum of Understanding with Oze Inc, Dare to Innovate and IGA Nigeria Ltd under a consortium framework to strengthen Micro, Small and Medium Enterprises across Nigeria’s creative, cultural and tourism sectors.
 
The strategic, non binding partnership establishes a structured pathway to engage the African Development Bank through an Economic Sector Work focused on MSME resilience, financial inclusion and digital capacity within the Orange Economy. The engagement is designed to unlock development financing, generate credible sector data and support scalable programmes that improve productivity and sustainability for creative businesses nationwide.
 
The initiative reflects the Honourable Minister’s strong commitment to public private partnerships as a core governance approach, ensuring that government works directly with industry players rather than in silos. This approach aligns with the vision of President Bola Ahmed Tinubu’s Renewed Hope Agenda, particularly its focus on youth empowerment, innovation, inclusive growth and economic diversification through enterprise development.
 
The partnership also reinforces Nigeria’s growing global creative presence, exemplified by the international visibility of Nigerian British designer Tokyo James at Milan Fashion Week. His success demonstrates how African creativity, grounded in cultural heritage and craftsmanship, can compete at the highest global levels when supported by structure, policy credibility and institutional backing. The MOU seeks to ensure that such global exposure translates into tangible economic value for Nigerian creatives and local value chains.
 
In her remarks, the Honourable Minister emphasised that Nigeria’s creative sector has long shown resilience and excellence through individual effort, often without formal structures. She noted that the role of government is now to institutionalise that success by providing policy leadership, facilitating access to financing and supporting evidence based interventions that deliver measurable results.
 
The Economic Sector Work to be pursued under this partnership will provide data driven insights to guide policy reforms, strengthen investor confidence and position Nigeria as a priority destination for creative economy financing. This evidence based approach will also support future donor and multilateral engagement while improving coordination across creative value chains.
 
 
This strategic collaboration affirms the Federal Ministry of Art, Culture, Tourism and Creative Economy’s resolve to transform creativity into structured productivity and position Nigeria’s creative industries as resilient, investment ready and globally competitive drivers of national development.
 
By
Sandra Njoku-Samuel
Technical Assistant, Media and Communications to the Honourable Minister
Federal Ministry of Art, Culture, Tourism and Creative Economy (FMACTCE)
Abuja, Nigeria

Comments

Post a Comment

Popular posts from this blog

FCT SECURITY STAKEHOLDERS MEET TO ACCESS SECURITY SITUATION WITHIN THE FEDERAL CAPITAL TERRITORY

Image
FCT SECURITY STAKEHOLDERS MEET TO ACCESS SECURITY SITUATION WITHIN THE FEDERAL CAPITAL TERRITORY  AWAKE TO ENABLE US ENJOY OUR SLEEP. FCT Service Commanders and the Director of Security, Federal Capital Development Authority (FCDA), held a strategic security meeting to assess the progress and impact of Operation Sweep, a coordinated, multi-agency operation designed to tackle crime, enhance intelligence sharing, and strengthen joint enforcement efforts across the Federal Capital Territory. The meeting focused on evaluating field reports, addressing operational challenges, and mapping out proactive strategies to ensure the safety and security of all residents within the FCT. SP Josephine Adeh, ANIPR., Police Public Relations Officer,  FCT Police Command, Abuja. 23|07|2025.
Read more

Force CID Annex Alagbon Committed To Unraveling Viral Egbeda Incident, Assures Victims, Nigerians of Swift Justice, Restored Fund As Investigation Commences

Image
Force CID Annex Alagbon Committed To Unraveling Viral Egbeda Incident, Assures Victims, Nigerians of Swift Justice, Restored Fund As Investigation Commences By our correspondence  The Nigeria Police, Force CID Annex, Alagbon, Lagos has reacted to viral online news report making the rounds about some officers under its watch who were allegedly involved in human rights violation of a Nigerian and NGN 2 million extortion from the same person. The person's victimization story was published on Oni Foto Facebook page and also circulated by the Take It Back movement on Twitter. The victim accused the officers of physically assaulting him and teargassing his wife who was also present at the incident. The event was said to have happened on Tuesday 12th August at Unity Estate, Egbeda, Lagos, The Gladiators Magazine can report. The victim called on the IGP, AIG Force CID Annex Alagbon, whose men were allegedly involved in the incident. He also called on CP Lagos Command, and the ...
Read more

LASTMA IMPOUNDS 27 COMMERCIAL BUSES FOR GRAVE VIOLATIONS OF LOADING REGULATIONS AND PERSISTENT NON-COMPLIANCE WITH ROAD SAFETY STANDARDS ACROSS LAGOS ROAD NETWORK.

Image
LASTMA IMPOUNDS 27 COMMERCIAL BUSES FOR GRAVE VIOLATIONS OF LOADING REGULATIONS AND PERSISTENT NON-COMPLIANCE WITH ROAD SAFETY STANDARDS ACROSS LAGOS ROAD NETWORK. The Lagos State Traffic Management Authority (LASTMA) has commenced a far-reaching statewide enforcement initiative aimed at curbing the pervasive and hazardous practice of vehicular overloading, as part of its sustained commitment to enhancing road safety and enforcing uncompromising compliance with extant traffic regulations across Lagos State. During an early-morning, coordinated enforcement exercise conducted after repeated warnings issued through multiple public sensitization platforms the Agency impounded twenty-seven (27) commercial and private vehicles found to be in flagrant breach of prescribed loading limits and established safety standards. The operation was executed in strict accordance with the directive of the General Manager of LASTMA, Mr. Olalekan Bakare-Oki, following heightened concerns over th...
Read more