Connect with us

Business

Promoting Job, Wealth Creation Via Creative Industry

Published

on

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

Continue Reading

Business

Association Woos Govt, Coys On  Boat Operators  Employments

Published

on

The leadership of Bonny Maritime Boat Association has called on Rivers state Government and oil companies operating in the state to provide sustainable employment to unemployed boat Operators.
The Association also want the government, companies and other relevant employers of labour to provide trainings for boat Operators to enhance their skills
Safety Officer of the Association, Comrade Kingdom Kingsley made this known in  a  telephone interview with  The Tide.
He noted that most of the boat Operators and owners plying Bonny route lacks jobs due to the fleets of boats introduced by Bonny Road Transport that had taken over the passengers to the Island
He noted that passengers are no longer patronizing boats owned by the Association, thereby rendering the operators redundant
“Most of our operators can not afford to feed their families due to no jobs, we don’t want to indulge in crime, government should fix our members with  sustainable jobs to take care of their immediate needs”
He called on oil companies operating in the state to engage their skilled boat Operators in their companies to reduce the sufferings faced by the Association.
The Safety Officer called on the state government  to made funds available to unemployed youths in the state to start up business than roam the streets.
He noted that provision of funds to youths would reduce crime rates and reposition their mindsets for a better life
“The  youths of Rivers state are suffering, have no job to feed their families, thereby indulging in criminality daily”
“The youths need empowerment,  jobs,  recreational facilities and better things of life as citizens of this Nation”, Kingsley said.
CHINEDU WOSU
Continue Reading

Business

FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters

Published

on

The Federal Government has approved a whooping $1bn credit facility to support Nigerian exporters and small scale businesses to take advantage of the African Continental Free Trade Area (AfCFTA) in order to boost production, competitiveness and intra-African trade.
The $1bn AfCFTA Adjustment Fund Credit Facility is also expected to address some of the financing gap being faced by Nigerian exporters and enhance the competitiveness of African businesses within the continental market.
The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this  during the second quarter 2026 meeting of the AfCFTA Central Coordination Committee held in Abuja.
According to a statement issued by the ministry’s Head of Press and Public Relations, Obilor-Duru Okechi, Oduwole said the financing facility represented a major opportunity for Nigerian businesses seeking to expand operations, modernise production processes and increase exports to African markets.
The statement partly read, “?The Federal Government has reaffirmed its commitment to accelerating Nigeria’s export-led growth agenda under the African Continental Free Trade Area, unveiling opportunities for businesses to access a US$1 billion AfCFTA Adjustment Fund Credit Facility aimed at boosting production, competitiveness, and intra-African trade.”
She noted that despite the progress Nigeria had made in implementing the continental trade agreement, many local businesses continued to face obstacles that limited their ability to take advantage of the single African market.
?
“Many businesses still face challenges relating to export documentation, certification, standards compliance and market access,” the minister said.
She explained that the Federal Government was addressing these bottlenecks through enhanced trade facilitation measures, simplified AfCFTA guidance tools, stakeholder engagement programmes and stronger collaboration with institutions such as the Nigeria Customs Service and the Nigerian Export Promotion Council.
Oduwole stressed the need to strengthen Nigeria’s legal and regulatory framework by domesticating key AfCFTA protocols, particularly the Digital Trade Protocol, to position the country as a major player in Africa’s growing digital economy.
The minister also highlighted some of the gains recorded in Nigeria’s AfCFTA implementation efforts.
According to her, the expansion of Nigeria’s Air Cargo Corridor Initiative to Rwanda, increased collaboration with development partners and private sector players, as well as sustained engagement with state governments, were helping to deepen awareness and participation in the continental market.
In her welcome address and first-quarter update, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Mrs Patience Okala, provided details of the financing initiative.
Okala said the $1bn AfCFTA Adjustment Fund Credit Facility was targeted at large African businesses with a minimum financing capacity of $10m.
She revealed that the National AfCFTA Coordination Office was working closely with fund managers to facilitate access for eligible Nigerian companies and had begun assembling a pilot group of businesses to ensure that Nigeria maximised the opportunities provided by the facility.
Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

NIWA Harps On  Avoidance Of Leaking Boats

Published

on

The National Inland Waterways Authority (NIWA) has advised Nigerians against boarding boats that require constant bailing of water in the interest of their safety.
 NIWA Area Manager for Cross River and Ebonyi, Mr Stanley Onuoha gave this warning in an interview with Newsmen in Calabar.
Onuoha who spoke on waterway
safety, said that passengers should take responsibility for their safety by inspecting boats before embarking on any journey.
According to him, repeated scooping of water from a boat is a clear indication that the vessel may be leaking.
“If you are entering a boat and see people using a bailer to remove water, it is the first signal that the boat is leaking,” he said.
He urged passengers to check the integrity of boats, including seating arrangements and other visible safety features.
The Manager restated the importance of using safety jackets, saying that damaged jackets may fail during emergencies.
He further said that passengers should ensure that safety jackets were appropriate for their body sizes in order to guarantee effective flotation.
 Onuoha reiterated the need for passengers to fill manifests before departure to aid accountability during emergencies.
The NIWA official further advised travellers to monitor weather conditions and avoid boarding boats when the weather is unfavourable.
According to him, poor weather conditions can trigger strong tidal waves capable of affecting small boats commonly used on inland waterways.
He said that waterway journeys should be embarked upon between 6.00a.m and 6.00p.m for clearer visibility.
Onuoha said  the Authority had continued to sensitise riverine communities to the need for safety precautions during waterway journeys.
He stated that sustained awareness campaigns and enforcement measures had contributed to safety waterway safety in Cross River.
CHINEDU WOSU
Continue Reading

Trending