FG targets $100bn from creative economy by 2030 – Obi Asika

Obi Asika, the Director General, National Council of Arts and Culture (NCAC), an Agency of the Federal Government, has said that, the Council is targeting a revenue growth to the tune of 100 billion dollar from the creative economy By 2030.

He also said that, the sector has the capacity of creating the most needed jobs and businesses, as well as increasing the revenue profile of states and the country as a whole.

The Director General, who stated in an interview with newsmen, at the ongoing 2024 NAFEST in Abuja, was determined to change the face of NAFEST and to activate it beyond government circle and to make it a bigger body, where more States, the police, the military as well as other African countries can participate.

Read also: FG targets $100bn GDP contribution, 2m jobs from creative sector by 2030

“I went to the Nigeria Governor’s Forum already to talk to them about the policy side, and the capacity building side of NAFEST and the revenue side of this.

“The industry can create all the jobs Nigeria needs. It also has the capacity to create the businesses, products and experiences. You have to stop looking at the industry as giving away money.

“The industry makes over a 100 billion dollar a year worldwide and in this country, by 2030, it will be a 100 billion dollar a year.

“PwC projects a 25 billion dollar in 2025 for Nigeria. I always tell PwC, the projection are great, but feeling it in our pockets is more better.”