We’ll Contribute $100bn To Economy By 2030, Says Musawa

We’ll contribute 0bn to economy by 2030, says Musawa

Magdalene Ukuedojor
May, Tue, 2025

Culture & Tourism

We’ll contribute $100bn to economy by 2030, says Musawa

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By Salif Atojoko

The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, says the ministry will contribute $100 billion to the Nigerian economy by 2030.

Musawa said this while briefing State House Correspondents at the end of sixth the Federal Executive Council (FEC) meeting of the year.

She said a memo seeking to monetise Nigeria’s tangible and intangible assets in both the creative, cultural and the tourism industry was approved by FEC.

She said this would enable her ministry create a new revenue stream that had never been done before, using the country’s assets to grow the economy.

“Our ministry has committed to contributing and growing the economy by $100 billion by 2030, and we hope to do that by putting all the modalities in place that will allow the industry to grow organically on its own.

“We also want to address unemployment by creating jobs. We are going to create at least two million jobs by 2027 within this industry,” said Musawa.

She said the ministry had signed a Memorandum of Understanding with Moby, an international museum collection agency, to monetise the country’s artifacts, historical monuments and landmarks.

“So, the strategy for this monetisation is going to take four separate processes. We’ve already finished that specific process. Now, it is for us and Moby to sit down to now monetise them.

“It is an exciting time for Nigerian identity, for our traditions, for our culture, whereby we use what we have to expand in a way that does not put more pressure on us economically,” said Musawa. (NAN)(www.nannews.ng)

Edited by Chinyere Joel-Nwokeoma

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