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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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FG Begins South-West Tour To Promote New Cooperative Bank

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The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
 Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted  the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
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Customs Impound N2.35bn Cocaine, 15 Trailers of Rice

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The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, Ikeja, has impound Cocaine Substance valued at ?2.35 billion alongside 15 trailer-loads of foreign rice and a wide range of contraband across the South-West.
This was disclosed to Newsmen during a press briefing in Lagos by Controller of the Unit, Comptroller Gambo Aliyu,
Aliyu revealed that the seizures were made over an eight-week period, underscoring intensified enforcement efforts.
According to him, operatives foiled 473 smuggling attempts within the period, leading to the confiscation of 8,794 bags of 50kg foreign rice, 22 used vehicles, 328 bales of used clothing, and 31,705 litres of Premium Motor Spirit (PMS).
He said other seized items include a Mercedes-Benz vehicle and various food products such as poultry, vegetable oil, spaghetti, and sugar.
Aliyu clarified that the rice displayed at the briefing represented cumulative interceptions made at different locations and times across the zone.
“All the rice you see here are accumulative of seizures carried out at different places, at different times, and through different interdictions,”
Beyond the economic implications, the Comptroller emphasized the social cost of drug trafficking, warning that narcotics continue to destroy families and fuel criminal activities.
“It may surprise you to know that many homes are broken due to drugs.
” Our mandate is to cut off the supply chain, and that is exactly what we are doing,”.
Similarly Customs operatives at the Gbaji outpost intercepted a 71 year-old suspect along the Lagos-Abidjan corridor with 6.35kg of cocaine concealed in a Toyota Highlander.
The drugs, comprising both powdered and crystalline forms, were valued at ?2.35 billion.
Under a special enforcement drive, codenamed “Operation Hawk,” the unit also seized 3,340 parcels of synthetic cannabis, popularly known as “Ghanaian loud,” weighing 1,540kg.
 The substances, along with three suspects, have been handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation and prosecution.
In a related operation, officers intercepted four cylinders of mercury hidden in a vehicle along the same corridor. Aliyu described the substance as hazardous and subject to international regulation.
Overall, the Duty Paid Value (DPV) of the seizures stands at approximately ?5.5 billion, reflecting the scale of enforcement activities.
 Additionally, the unit recovered ?97.7 million through Demand Notices issued on under-declared consignments.
Aliyu reaffirmed the Service’s commitment to deploying modern technology—including geospatial intelligence, drone surveillance, and real-time tracking—to strengthen border security and clamp down on smuggling networks.
CHINEDU WOSU
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Dangote,  Nicolai Tangen To Partner In strategic sectors

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Chief Executive Officer of Norges Bank Investment Management, Nicolai Tangen ( manager of the world’s largest sovereign wealth fund) has expressed interest in partnering with Dangote Group to expand investments across Africa, particularly in strategic sectors such as power, energy, renewable energy, agriculture, fertiliser and cement.
This was made known during a meeting of Chief Executive of Dangote Group, Aliko Dangote  with Nicolai Tangen, the manager of Norwegian investment institution (with assets estimated at about $1.9 trillion) .
Also present at the meeting were Svein Tore Holsether, Chief Executive Officer of Yara International, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.
The engagement reflects growing international investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates such as Dangote Group in driving large-scale economic transformation across the continent.
Industry observers say the proposed collaboration could create significant opportunities for investments in critical sectors linked to energy transition, food security, industrialisation and infrastructure development.
The Norwegian sovereign wealth fund, regarded as one of the world’s leading institutional investors, has in recent years increased its focus on emerging markets, with Africa seen as a major frontier for long-term investment and value creation.
Analysts believe a partnership between Norges Bank Investment Management and Dangote Group could unlock substantial capital flows into infrastructure and industrial projects across Africa, helping to accelerate economic growth and regional integration.
Nkpemenyie Mcdominic, Lagos
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