The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has projected that the creative sector will generate approximately $25 billion following the completion of the National Arts Theatre (NAT) upgrade.Speaking during a tour of the refurbished NA… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader National Arts Theatre upgrade to boost creative sector to $25bn – Cardoso By sbinsights on March 7, 2025 The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has projected that the creative sector will generate approximately $25 billion following the completion of the National Arts Theatre (NAT) upgrade. Speaking during a tour of the refurbished NAT, a project undertaken by the Bankers Committee, Cardoso described the development as a "great catalyst" for the revenue potential of Nigeria's creative industry. "It is estimated that the creative sector can potentially generate about $25 billion… with the prosperity of the creatives, I believe it will serve as a very powerful signal to the potentials for collaboration. Because once something like this is successful, others will take a cue, and it will speak for itself. "I am very certain that the partnership that has taken place between the private sector and public sector that has resulted in this spirit, in conjunction with the Nigerian people, will take us to the next level," he said. Read also National Arts Theatre upgrade to boost creative sector to $25bn – Cardoso Enugu govt sanctions unauthorized outdoor advertisements Ogun govt seals two companies over fatal industrial accidents FG to Empower 10 Million Women by 2027 to Drive $1tn Economy Vision Food prices drop across major Nigerian markets, easing cost burden Cardoso commended the commitment of the Bankers Committee in executing the project, noting that their vision and resources were instrumental in reviving the national monument. "Embedded in what we see here is a lot of the history and culture of the Nigerian people. If it was not for the fact that they had the vision and were determined to surmount all the obstacles in getting here, we wouldn't be here today. "For those who are going to be using this, and for those whom this is going to be home to their profession, it is a giant step forward, and it is something that we all as Nigerians should be extremely proud of." Cardoso also highlighted the theatre's historic significance, recalling its role in hosting FESTAC '77 and other major cultural events. He expressed optimism that its restoration to a world-class standard would rejuvenate the Nigerian creative industry and encourage further investments in the sector.

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The Enugu State Structures for Signage and Advertisement Agency (ENSSAA) has announced strict enforcement measures against unauthorized outdoor advertisements, warning that violators will face heavy sanctions. The agency's General Manager, Mr. Anin… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Enugu govt sanctions unauthorized outdoor advertisements By sbinsights on March 7, 2025 The Enugu State Structures for Signage and Advertisement Agency (ENSSAA) has announced strict enforcement measures against unauthorized outdoor advertisements, warning that violators will face heavy sanctions. The agency's General Manager, Mr. Aninwike, stated that pasting or displaying posters without prior approval from ENSSAA would attract a fine of up to N50 million. Mr. Aninwike said the law empowers the agency to regulate outdoor advertisements and ensure compliance. Read also "Please note that pasting or displaying posters without first obtaining the written approval of ENSSAA shall attract a fine of up to N50,000,000 only," he said. He explained that failure to comply with the directive would amount to a violation of Sections 4 (1g), 33, and 34 of the ENSSAA Law 2016, which mandates proper authorization for all outdoor signage and advertisements. The government reaffirmed its commitment to ensuring compliance with these regulations to maintain a clean and orderly environment in Enugu State.

SMALL BUSINESS INSIGHTS © 2025. Manage your email settings or unsubscribe. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110

The Ogun State Government has sealed Quantum Steel Industry and Xinfeng Plastics Limited following fatal industrial accidents at their facilities. The Chairman of the State Task Force on Environmental Compliance and Enforcement, Farook Akintunde, ann… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Ogun govt seals two companies over fatal industrial accidents By sbinsights on March 7, 2025 The Ogun State Government has sealed Quantum Steel Industry and Xinfeng Plastics Limited following fatal industrial accidents at their facilities. The Chairman of the State Task Force on Environmental Compliance and Enforcement, Farook Akintunde, announced the closures in a statement on Thursday in Abeokuta, as reported by the News Agency of Nigeria (NAN). Industrial Accidents Lead to Closure Quantum Steel, located in Ogijo, Sagamu Local Government Area, was shut down after an industrial explosion that resulted in multiple fatalities, with several victims still receiving medical treatment. Similarly, Xinfeng Plastics, situated along the Lagos-Ibadan Expressway, was sealed after a machine operator was electrocuted while on duty. Akintunde explained that the state government took the decision to investigate the immediate and underlying causes of these incidents and implement preventive measures to avert future occurrences. He emphasized the government's determination to conduct credible investigations, including bringing in external safety experts to identify the root cause of the accidents. Read also Government's Commitment to Workplace Safety The chairman expressed concern that despite regular safety awareness campaigns, fatal accidents continue to occur within some companies in the state. He stated that the affected firms would remain closed until investigations are concluded and new safety protocols are put in place. Akintunde also warned other firms to prioritize the safety of their workers, particularly those in production units, to prevent further tragedies. The Ogun State Government reiterated its commitment to ensuring workplace safety and urged companies to comply with industrial safety regulations to protect workers and maintain a safe working environment.

SMALL BUSINESS INSIGHTS © 2025. Manage your email settings or unsubscribe. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110