By Newscount
The Minister of Art, Culture, Tourism, and Creative Economy, Hannatu Musawa, announced a groundbreaking initiative to generate revenue from Nigeria’s rich cultural and tourism resources after today’s Federal Executive Council meeting. The Federal Executive Council has approved the plan, which aims to contribute $100 billion to Nigeria’s economy by 2030.
The plan involves monetizing tangible assets such as national collections in museums and historical landmarks, as well as intangible assets like indigenous languages and cultural festivals. The initiative will be carried out in four stages: assessing assets, determining their value, crafting a monetization strategy, and executing the plan. The minister emphasized that this initiative will achieve self-sufficient economic growth by utilizing current resources, avoiding extra burden on the national budget. By leveraging its cultural capital, Nigeria aims to create wealth, identity, and pride.
