The Federal Government has reaffirmed its commitment to building a $100 billion economy through Nigeria's rich art, culture, tourism, and creative sectors.
Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musa Musawa, stated this at a dinner in her honour hosted by the Lai Labode Heritage Foundation in Abeokuta, Ogun State.
Musawa said the Federal Government is partnering with all 36 states and the private sector to drive inclusive growth, highlighting the importance of cultural assets as economic tools.
"We are promoting cultural heritage not just for preservation but as a core driver of economic prosperity," she said, citing the Renewed Hope Culture Programme aimed at rural cultural documentation.
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She described Ogun's Egbaliganza cultural celebration as a flagship initiative supporting the ministry's $100bn creative economy target.
High Chief Mustapha Abdulhakeem Owolabi, Executive Director of the Foundation, revealed plans to host the Africa Fashion Olympics in Egbaland by 2026, involving 50 African countries.
"With Africa holding only 1.2% of the $30bn global fashion market, Egbaland aims to lead a $500bn continental fashion movement," he said.
This cultural drive opens up vast opportunities for creative SMEs across fashion, arts, and tourism sectors.
