{"id":132876,"date":"2024-10-02T11:20:19","date_gmt":"2024-10-02T10:20:19","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding"},"modified":"2024-10-02T12:24:36","modified_gmt":"2024-10-02T11:24:36","slug":"unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding","title":{"rendered":"UNGA: Creative Economy minister launches investment drive with \u2018Destination 2030\u2019, secures $200m funding"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Nigeria\u2019s Minister of Arts, Culture & Creative Economy, Hannatu Musawa, secured a $200 million financing facility for the country\u2019s creative industry from the African Export-Import Bank (Afreximbank) during the United Nations General Assembly (UNGA) in New York, United States.<\/p>\n

Professor Benedict Oramah, President and Chairman of Afreximbank, announced the facility during an event tagged \u2018Destination 2030: Nigeria Everywhere\u2019, organised by the Ministry of Arts, Culture & Creative Economy on the sidelines of the UN General Assembly.<\/p>\n

Oramah, according to a statement by the media unit of the Ministry of Arts, Culture & Creative Economy, highlighted Afreximbank\u2019s commitment to Nigeria\u2019s creative industry, noting that the $200 million financing facility will support new initiatives of the Ministry of Arts, Culture & Creative Economy.<\/p>\n

\u201cInvesting in the creative industries is about building a foundation for sustainable economic growth and positioning Africa as a global cultural leader,\u201d he said.<\/p>\n

The partnership with the Afreximbank is a crucial component of the Destination 2030 initiative, which is geared towards establishing Nigeria as a global \u2018soft power\u2019 leader by 2030.<\/p>\n

The \u2018Destination 2030: Nigeria Everywhere\u2019 event, organized by the Ministry in a bid to attract foreign investment in the creative sector, celebrated Nigeria\u2019s vibrant artistic heritage, culinary excellence and increasing influence in the global creative economy.<\/p>\n

It further marked a significant milestone in Nigeria\u2019s soft power strategy, part of the broader vision set by the government to expand the economy and elevate the nation\u2019s global presence through its cultural assets.<\/p>\n

Under the banner of \u2018Destination 2030\u2019, Nigeria aims to assert its cultural influence and strengthen its position as a leading creative hub, while significantly contributing to global cultural diplomacy and spurring economic growth.<\/p>\n

The Destination 2030 event, described as a vibrant celebration of Nigeria\u2019s rich cultural tapestry, included a<\/p>\n

captivating art exhibition that paid homage to Nigeria\u2019s legacy of artistic innovation, Chef Tolu \u201cEros\u201d Erogbogbo delighted guests with a culinary experience that spotlighted Nigeria\u2019s diverse and flavorful cuisine, and two dynamic panel discussions explored Nigeria\u2019s rising influence in the global music and film industries.<\/p>\n

The event also featured performances by Dami Oniru and Afrobeats star, D\u2019banj, cementing Nigeria\u2019s reputation as a musical powerhouse.<\/p>\n

In her address at the event, Minister of Arts, Culture, and the Creative Economy, Hannatu Musawa outlined Nigeria\u2019s ambitious goals for its creative economy.<\/p>\n

Emphasising the critical role of global partnerships in driving the<\/p>\n

country\u2019s vision forward, she said, \u201cDestination 2030: Nigeria Everywhere is our roadmap to transforming Nigeria<\/p>\n

into a global cultural powerhouse.<\/p>\n

\u201cTo fully realize this vision, I urge investors, development partners, and global collaborators to join us in creating two million jobs and contributing $100 billion to the national GDP.\u201d<\/p>\n

Central to the Destination 2030 initiative is Nigeria\u2019s goal to establish itself as a global soft power leader by 2030.<\/p>\n

President Bola Tinubu had set Key Performance Indicators (KPIs) and deliverables for this vision, which<\/p>\n

include positioning Nigeria as a top cultural influencer and improving the country\u2019s global brand perception.<\/p>\n

As of 2024, the Ministry reported a 36 percent increase in Nigeria\u2019s Cultural Influence alongside an 18 percent increase in the Brand Perception Index, reflecting the positive reception of Nigeria\u2019s cultural diplomacy efforts on the global stage.<\/p>\n

Global soft power has become an essential component of modern diplomacy, with countries like South Korea and Japan leveraging their cultural assets to build influence and shape perceptions worldwide. South Korea\u2019s K-pop and Japanese anime are prime examples of how cultural products can drive a country\u2019s global influence, generating economic value and improving diplomatic relations.<\/p>\n

Nigeria\u2019s Destination 2030 initiative is modeled on such successes, aiming to harness the country\u2019s cultural resources to create a powerful narrative that resonates internationally.<\/p>\n

By positioning itself as a leader in arts and culture, Nigeria is not only promoting its creative economy but also enhancing its political and diplomatic leverage.<\/p>\n

In addition to the Destination 2030 event, Musawa engaged in several high-level meetings on the sidelines of UNGA to bolster Nigeria\u2019s cultural and creative ambitions. In discussions with UN Deputy Secretary General Amina Mohammed and the Executive Director of the UN Office for Partnerships (UNOP), the minister explored aligning Nigeria\u2019s cultural initiatives with the UN\u2019s Sustainable Development Goals (SDGs).<\/p>\n

Also, a meeting with United States State Department Under Secretary for Public Diplomacy, Lee Satterfield addressed the the minister\u2019s 8-point plan and potential US support for Nigeria\u2019s creative industries.<\/p>\n

In the same vein, bilateral talks with Faisal Alibrahim, Saudi Arabia\u2019s Minister of Economy and Planning, led to an agreement to foster collaboration in the creative sectors of both nations.<\/p>\n

Commenting on the investment strides, Oramah said, \u201cAs a proud Nigerian and African, I observe with admiration the phenomenon of \u2018Nigeria Everywhere\u2019. From New York to Hong Kong, Copenhagen to Cape Town and Lisbon to Lima.\u201d<\/p>\n

The future of Nigeria\u2019s soft power strategy hinges on intentionally leveraging this growing global acceptance of Nigeria\u2019s cultural product through robust initiatives such as Destination 2030 and the<\/p>\n

strategic partnerships cultivated during global gatherings like UNGA.<\/p>\n

By investing in its cultural assets\u2014whether through the revitalization of the National Theatre or initiatives such as CLAP which seeks to nurture young<\/p>\n

talent \u2014 Nigeria is establishing itself as a creative powerhouse poised to drive economic growth and shape global<\/p>\n

narratives.<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Nigeria\u2019s Minister of Arts, Culture & Creative Economy, Hannatu Musawa, secured a $200 million financing facility for the country\u2019s creative industry from the African Export-Import Bank (Afreximbank) during the United Nations General Assembly (UNGA) in New York, United States. Professor Benedict Oramah, President and Chairman of Afreximbank, announced the facility during an […]<\/p>\n","protected":false},"author":84,"featured_media":132875,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[254,5463],"class_list":["post-132876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-nigeria","tag-unga"],"yoast_head":"\nUNGA: Creative Economy minister launches investment drive with \u2018Destination 2030\u2019, secures $200m funding - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s Minister of Arts, Culture & Creative Economy, Hannatu Musawa, secured a $200 million financing facility fo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNGA: Creative Economy minister launches investment drive with \u2018Destination 2030\u2019, secures $200m funding\" \/>\n<meta property=\"og:description\" content=\"Nigeria\u2019s Minister of Arts, Culture & Creative Economy, Hannatu Musawa, secured a $200 million financing facility fo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-02T10:20:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-02T11:24:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1727855621.974499.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1068\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"UNGA: Creative Economy minister launches investment drive with \u2018Destination 2030\u2019, secures $200m funding\",\"datePublished\":\"2024-10-02T10:20:19+00:00\",\"dateModified\":\"2024-10-02T11:24:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding\"},\"wordCount\":900,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1727855621.974499.jpg\",\"keywords\":[\"Nigeria\",\"UNGA\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/unga-creative-economy-minister-launches-investment-drive-with-destination-2030-secures-200m-funding\",\"name\":\"UNGA: Creative Economy minister launches investment drive with \u2018Destination 2030\u2019, secures $200m funding - 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