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Promoting Job, Wealth Creation Via Creative Industry

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By most accounts, creative industry refers to a range of economic activities that are concerned with the generation or exploitation of knowledge and information.

It is a broad domain in which activities related to creative works’ design or production are carried out. Etymologists, however, maintain that term creative industry is synonymous with entertainment industry.

David Parrish, a creative industry management consultant, describes creative industry as “business with creativity’’.

Creative industry, according to him, comprises design, music, publishing, architecture, film and video, crafts, visual arts, fashion, television and radio services, advertising, literature, computer games as well as performing arts.

However, the United Nations Conference on Trade and Development (UNCTAD) describes the “creative economy’’ as an emerging concept, which deals with the interface between creativity, culture, economics and technology in a contemporary world dominated by images, sounds, texts and symbols.

UNCTAD adopted a pragmatic approach in promoting creativity and innovation in Africa in 2008 when it organised a conference on the subject in Accra, Ghana, on April 2008.

The UNCTAD report on the status of the world’s creative industry affirms that the creative industry is one of the most dynamic sectors of the economy that is capable of creating jobs and wealth for the people.

It states that the sector provides new opportunities for developing countries to leapfrog into emerging high-growth areas of the world economy.

Moreover, the UK Department for Culture, Media and Sports says that creative industry originates from the people’s creativity, skills and talents, which all have the potential for creating wealth and jobs via the exploitation of the intellectual property.

These enlightened opinions tend to reinforce existing viewpoints that a well-harnessed creative industry has the potential of kick-starting the economic growth of many countries and empowering millions of people across the world.

Industry experts insist that there is no ceiling in efforts to harness the potential of the creative industry of any nation.

Nevertheless, Mr Afam Ezekude, the Director-General of the Nigerian Copyright Commission (NCC), said that the intrinsic qualities of Nigeria’s creative industry could only be harnessed if the stakeholders resolved to do the right things in the right way.

In his remarks at the National Creativity Day Celebration in Abuja in April, Ezekude stressed that the NCC was carrying out a comprehensive study of the country’s creative industry so as to ascertain the exact worth of the sector in terms of job creation.

He noted that the preliminary findings of the study indicated that the film sector alone was capable of contributing N45 billion to the national economy if the potential of the sector was properly harnessed.

“There are strong indications that the projected N1 trillion-per-annum revenue from the sector could be exceeded.

“We are working in concert with the World Intellectual Property Organisation (WIPO) in the study to ascertain the value of the creative industry in our economy.

“From our preliminary findings, however, the film sector can contribute N45 billion to the economy, the software sector can contribute N250 billion; publishing sector, N100 billion; music, N80 billion; broadcasting, N25 billion; advertising, N20 billion, while ICT, textiles and jewellery can contribute N100 billion.

“This, in essence, means that the sector currently contributes less than 5 per cent of the projected sum to the nation’s economy,’’ he said.

“Therefore, it can aptly be deduced that the creative industry holds the key to the transformation of the economies of developed and developing countries of the world,’’ he added.

Ezekude, nonetheless, voiced concern about some factors that were hindering the growth of the creative sector; saying that the copyright laws of many developed and developing countries were weak, inefficient or non-existent in some cases.

“In Nigeria, for instance, the framework for the regulation and protection of intellectual property is weak and I have, on different occasions, drawn the stakeholders’ attention to this defect.

“The existing laws are not stringent enough to deter pirates from infringing on the rights of copyright owners in the country; there is the need to strengthen the laws.

“For example, N250, 000 is the highest fine ever imposed by a court in a single copyright infringement case in the history of the commission’s prosecution efforts.

“Other punishments, depending on the charges, attracted at most, six months jail for a copyright infringement and these penalties are too weak to deter potential bandits from perpetrating product piracy or counterfeiting,’’ he said.

Besides, Ezekude emphasised that the lack of prioritisation of copyright matters in Nigeria’s national development plans was another major factor inhibiting the development of the creative sector.

He conceded that the factor particularly contributed to problems such as limited financial and infrastructure resources, manpower constraints and inadequate public awareness.

“The uncooperative attitude of some stakeholders; slow judicial processes and weak border controls to check importation of pirated works were some of the factors hindering the growth of the creative industry,’’ he said.

Ezekude stressed that the existence of more than 15 product-replicating plants across the country underscored the need to urgently put in place an effective protection framework.

However, many stakeholders believe that Nigeria can derive a lot of economic benefits from the creative sector with the legendary exploits of writers such as Prof. Wole Soyinka and Prof. Chinua Achebe in the literary world.

They, however, bemoan the fact that the rich resources of the country’s film and music industry, pottery and earthenware as well as arts and crafts are not fully utilised for national development.

Mrs Clarah Dapira, an expert in creativity and rural development, said that many developing countries such as Thailand had adopted the creative industry as an alternative means of eliminating poverty at the grassroots.

She said that Thailand got the idea from Japan, as the Japanese government initiated the poverty eradication strategy in 1979.

“The approach is being replicated by many Asian countries such as Cambodia, Malaysia and Thailand. Some African countries such as Malawi and Ethiopia have also adopted the strategy,’’ she said.

All the same, Ezekude said that Nigeria could develop and maximise the potential of its creative sector if an effective protection and regulatory framework was put in place to protect creative works from unauthorised users.

He stressed that efforts should be made to foster the growth of the country’s creative industry via purposeful legislation which would give the regulatory authorities the powers to curtail the aberrant activities of pirates.

Ezekude also underscored the need for more efficient and speedy judicial process in Nigeria, while ensuring stricter border controls to stem the importation of pirated works.

However, Mr Mike Akpa, NCC’s Director of Legal Services, said that the commission was making extra efforts to check piracy and stamp out imports of pirated products.

He said that apart from its periodic anti-piracy raids, the commission had also signed an agreement with an ICT company as part of plans to stimulate increased creativity in the industry.

Akpa noted that under the agreement, patent owners of creative works would now earn some money for the use of their works.

He assured all the stakeholders that the NCC would strive to protect the copyrights of inventors of creative works, in line with its zero-tolerance on piracy.

Akpa, nonetheless, stressed that the interests of all the copyright owners of creative works in the country were being promoted by the NCC via effective and decisive measures.

He said that the measures included the Copyright Notification Scheme, which was introduced to allow authors to have credible evidence of their copyrights.

Akpa, however, stressed the need to stimulate the citizens’ participation in programmes aimed at promoting the growth of the creative industry via pragmatic public awareness campaigns

He also urged all the stakeholders to work as a team in ongoing efforts to harness the potential of the creative industry for wealth creation.

Zoho writes for NAN

 

Jude Zoho

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SMEs Dev: Firms Launch N100m Loan Scheme 

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The Coalition of Microlending and Cooperative Institutions in Nigeria (COMCIN), the umbrella body of non-bank microfinance institutions and cooperative societies in Nigeria, in partnership with NEAT Microcredit, has unveiled a N100 million joint loan facility aimed at supporting small and medium-scale enterprises (SMEs) across the country.

The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.

The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA),  said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.

Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.

“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.

He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.

According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.

“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.

Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.

He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.

“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.

He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.

“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.

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Yenagoa’s Radisson Hotel Ready  December   — NCDMB, Other 

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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has expressed confidence that the five-star Radisson Hotel and Conference Centre, Yenagoa, Bayelsa State, would be completed and commissioned this December .
He said this while addressing visiting top executives of Edison Corporation  and Megastar Technical and construction company at the conclusion of a one-day project management tour and workshop at the headquarters of the Nigerian Content Tower (NCT), Yenagoa, weekend.
The Board in a statement from the Directorate of Corporate Communications said  all other stakeholder assured of the delivery of world-class services in the hotel upon it’s completion.
Ogbe described the hospitality facility as a top priority project of the Board whose progress he would be following up every day and week.
“This project is critical to the Board, critical to Yenagoa, Bayelsa State and Nigeria. With this hotel becoming functional at the end of the year, I believe there will be tourism in Bayelsa State, and that’s one of my dreams.
“When I took up this job as Executive Secretary in December 2024 I said I must make this hotel work”, the NCDMB boss said.
He commended the team from Edison Corporation and the project contractor, Megastar Technical and Construction Company, for the quality and pace of work, adding “much is required from the Management to meet up the schedule delivery
“Most of the critical aspects of the project have been resolved in terms of mark-up room, scope of work in terms of financing and contracting strategies”
The Board’s  Scribe said he was sure all hands would be on deck to ensure that work proceeds unhampered.
In his remarks, the Chief Executive Officer of Edison Corporation, Mr. Vivian Reddy, said the team from Edison Hotel Group was very excited to come into a contractual arrangement with NCDMB, assuring the project will put the city on the world map.
“What is so important with the group Radisson International is that, if anyone around the world looks for Radisson Yenagoa, they will see this place pop up, and it’s going to help to uplift the area in terms of visitors and tourism.
“Our role is to make sure we deliver a world-class quality hotel from start to finish. We will open the hotel, we’ll furnish it. We’re working with the main contractor to make sure the facility meets world-class standards”, he said.
Speaking on the sealing of the contractual deal with the NCDMB, he noted it took great efforts, saying “getting Radisson in the agreement was not easy, and it took several months and cumulative one and a half years of discussions and documentation”.
The Edison boss, who is reputed to be the first South African businessman to lead a high-level business delegation from that country to Nigeria during the tenure of President Thabo Mbeki in 1999, was full of commendation for the NCDMB boss, describing him as “a great and visionary leader”.
“The vision and dream of the Executive Secretary of the NCDMB are going to become a reality.  We’re going to help him and make it a reality and it’s going to be the best hotel in this region”, the   boss noted.
Mr Reddy also commended the project contractors and professional teams involved, stating that his team has every confidence in their technical competence.
By: Ariwera Ibibo-Howells, Yenagoa
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RIRS Sets Tomorrow As Deadline For Individual Tax Returns Filing    

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The Rivers State Internal Revenue Service (RIRS) has set tomorrow as the deadline for the filing of  all  Annual Individual Income Tax Returns  for all taxable residents of the state.
This was contained in a public notice  by the Service to the taxable residents of the state in compliance with statutory provisions.
The notice was signed by the Executive Chairman of the agency, Sir Israel O. Egbunefu, and made available to the public in Port Harcourt recently.
 Egbunefu stated that the directive was in line with the provisions of the Nigeria Tax Administration Act 2025, which mandates individuals to declare their income for the preceding year of assessment.
 According to the notice, the obligation covers all categories of income earners, including employees in both the public and private sectors, self-employed individuals, business owners, and professionals operating within the state.
The agency reiterated that the timely filing of tax returns remains critical to promoting transparency, accountability and efficient tax administration in Rivers State.
 It further noted that compliance with tax obligations plays a vital role in enabling the government to meet its developmental goals and provide essential public services.
 RIRS urged all eligible taxpayers to ensure that their 2025 tax returns are properly completed and submitted through its approved channels before the stipulated deadline .
The Service warned that failure to comply with the directive may attract penalties and other sanctions as prescribed by relevant tax laws.
 It also stated its commitment to enforcing compliance while maintaining a taxpayer-friendly approach in its operations.
 Taxpayers requiring assistance were advised to visit any RIRS office or access its official platforms for guidance on the filing process.
The agency assured residents of continuous support, including professional advisory services, to facilitate a seamless and stress-free compliance experience.
 The notice forms part of ongoing efforts by the Rivers State Government to strengthen revenue generation and enhance voluntary tax compliance across the state.
 Residents are therefore encouraged to take advantage of the available support systems and meet the deadline to avoid unnecessary penalties.
By:  King Onunwor
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