NEWS AGENCY OF NIGERIA
Commission urges NASS on adequate funding of culture, creative sector
Culture & Tourism

Commission urges NASS on adequate funding of culture, creative sector

358 total views today

 

By Joshua Olomu

 

Mr Olugbile Holloway, Director-General, National Commission for Museums and Monuments (NCMM), has urged the National Assembly (NASS) to ensure improved funding for the culture and creative sector.

 

Holloway made the call at an event organised by the commission to celebrate the 2025 International Museum Day (IMD) at the Chinese Cultural Centre on Tuesday in Abuja.

 

He said this would enable the sector contribute more to national economic growth.

 

According to him, as Nigeria seeks to diversify its revenue mainstay from oil, the culture and creative sector presents itself as a veritable option, if adequate attention was given to it.

 

He said President Bola Tinubu saw the sector as a viable source to significantly grow the economy and cause a paradigm shift from dependence on oil, and gave it a stand-alone ministry.

 

The NCMM helmsman, however, noted that adequate funding was needed to reposition the sector and harness the vast opportunities it offers for job creation, tourism growth and increased contribution to GDP.

 

He therefore urged the NASS, especially its committees on the sector, to prioritise its funding to boost the sector’s expansion for job creation and economic growth.

 

The NCMM helmsman added that the commission was presently working towards revamping museums across the country.

 

He however added that because of the huge funding required for the projects, the commission was seeking public-private partnerships for the projects.

 

“The sector has vast opportunities to turn-around our economy, and our Museums as critical cultural assets need adequate funding.

 

“At the NCMM, we have competent officers and workforce who only needed to be given the necessary support.

 

“I am using this opportunity to appeal to the National Assembly to pay more attention to this sector and allocate more funds.

 

“For the museum and heritage sector to thrive and remain relevant in today’s dynamic environment there must be significant investment.

 

“In line with the theme of the day, the commission is embracing technology and new media as strategic tools for cultural promotion”, he said.

 

According to him, the nation has rich cultural and historic heritages, as well as artifacts which need to be showcased to the world to make Nigeria a choice tourist destination.

 

He said that museum space is a very good opportunity to boost tourism by showcasing Nigeria’s cultural heritage because people all over the world are very interested in Nigerian culture.

 

The DG said the commission was utilising digital platforms to showcase collections of heritage stories, including the creative use of Artificial Intelligence (AI) on public billboards across major Nigerian cities, particularly in Lagos.

 

In his speech,Gabriel Zock, Chairman House Committee on Culture and Tourism, lauded NCMM for championing reforms in the culture and tourism sectors.

 

The member representing Kachia/Kagarko Federal Constituency said the nation’s culture and tourism sector has suffered neglect over the years, and needed major reforms to add meaningfully to national economy.

 

“The reason why we are here today is to celebrate culture, and to celebrate what God has blessed us with, and it shows that culture is very important.

 

It is amazing that today when we travel to the rest of the world, the first thing we want to do is to visit their cultural heritage, and we must showcase our own

 

“As a committee, we are drawing a plan on how to work with the agencies and support them to have good funding.

 

“I have promises the NCMM and other agencies under my watch that whatever they need to succeed , we the committee members will make sure we get it done.

 

“We will work with the budget office, the Ministry of Finance, and with other appropriations offices to make sure that this agencies get what they need”, he said.

 

Earlier in her keynote address, Hannatu Musawa, Minister of Art, Culture and Creative Economy, said the ministry was committed to revamping museums across the country

 

The minister, who was represented by the Permanent Secretary of the ministry, Dr Mukhtar Muhammad, said preserving and promoting Nigerian’s rich cultural heritage to the world was a priority of the ministry.

 

“As we navigate the complexities of a rapidly changing world, it will interest us to know that museums are poised to play pivotal roles in shaping our collective future.

 

“In an era marked by technological advancements, cultural, demographic shifts, and societal evolution, museums must adapt to remain relevant and impactful.

 

“Museums should also come in handy in addressing pressing global issues such as climate change, social justice, and cultural heritage preservation, and also foster community partnerships collaborations, and co-creation.

 

“Using them as platforms for marginalised voices, promoting empathy, understanding, preserving and showcasing our cultural heritage should be born in our minds while also addressing contemporary challenges.

 

“It is imperative to note that as the world is rapidly revolving, so is our museum, therefore, museums should not be seen as static walls, but about open doors, not about holding ons; but about reaching out to diverse communities”, she said.

 

NAN reports that International Museum Day, coordinated by the International Council of Museums (ICOM), is held annually on May 18.

 

It provides the opportunity for museum professionals to meet the public and alert them as to the challenges that museums face, and raise public awareness on the role museums play in the development of society.

 

It also promotes dialogue between museum professionals and highlights a specific theme which changes every year reflecting a relevant theme or issue facing museums internationally.

 

“This year’s theme is “The Future of Museums in Rapidly Changing Communities”.(NAN) (nannews.ng)

 

 

Edited by Ekemini Ladejobi

Creative hubs collaborate to nurture young talents
Culture & Tourism

Creative hubs collaborate to nurture young talents

282 total views today

By Joshua Olomu

A cross section of Nigerian Tech creative hubs have formed a collaboration towards creating platforms for nurturing and job creation for teeming youths.

The coalition tagged MSwitch Group was inaugurated on Tuesday in Abuja.

Mr Kadir Salami, the group’s chairman, said the collaboration became imperative to help harness the potential inherent in the country’s creative and tech sectors.

He said the coalition would equip young Nigerians with the necessary tools and an enabling environment to thrive and contribute their quota national economic growth.

According to him, the group consists of MSwitch Media, Techspecialist, Tiidelab, and MSwitch Creative Hub.

He said the group was focused on helping talented Nigerians and businesses tell their stories better and gain visibility through strategic media, storytelling, and content production.

He added that the group would address challenges facing the sector such as low business visibility, limited access to media platforms, IT Support services and expert guidance.

“MSwitch Grroup is a multidisciplinary group designed to build safe spaces, drive innovation, and enhance sustainable impact across Africa’s digital and creative landscapes.

“As tech creative hubs, we are creating a unified ecosystem to support the country’s creative and tech business sectors in fueling innovation, and bridge the gap between inspiration and execution across Africa.

“To e ensure it realises its objectives, the group has inaugurated a board, comprising a diverse team of leaders across media, technology, and entrepreneurship.

“This is aimed at driving strategic growth and ensure it continues to meet the evolving needs of Africa’s digital and creative economy”, he said.

Salami underscored the importance of providing young Nigerians with access to meaningful opportunities, adding that the country has abundance of young talent, but the challenge has always been access to opportunities.

He said MSwitch Group was committed to nurturing creative talents and ideas and empowering them with relevant skills and knowledge.(NAN)(nannews.ng)

Edited by Ekemini Ladejobi

Exhibition showcasing rare collection of currencies opens at UI’s African Art Museum
Culture & Tourism

Exhibition showcasing rare collection of currencies opens at UI’s African Art Museum

288 total views today

By Ibukun Emiola

An exhibition showcasing a rare collection of currencies has opened at the Cornelius Adepegba Museum of African Art, Institute of African Studies, University of Ibadan.

The News Agency of Nigeria (NAN) reports that the exhibition tagged “An Exhibition of Dele T. Fawole Numismatic Collection” showcased works of over 30 decades.

NAN reports that the collection, owned by exhibitor Dele Fawole, features currencies from various countries, including historic notes and coins that reflect economic transitions such as redenominations and devaluations.

Fawole said the exhibition was borne from a private passion for collecting currencies during his travels, with over 80 per cent of the items collected personally.

He stated that the idea to publicly exhibit the collection came from Prof. Ohioma Pogoson, Honorary Curator of the Museum.

“When people visit any household, you know, you give them photographic albums.

“So, I used to give them my albums of my various currency notes.

“It was Prof. Pogoson who suggested that it deserved a public showing, and we eventually decided to make it happen,” he said.

Fawole credited the Institute for supporting the exhibition, which he described as a successful outcome of a long-considered idea, a collection of over 30 years.

Also, Pogoson said that putting the exhibition together was a novel experience, being his first time curating a display of flat but three-dimensional materials.

According to him, despite challenges including funding and display logistics, he said the result had been rewarding.

He emphasised that the exhibition goes beyond economics, noting that currencies also embody art, culture and history.

Pogoson said that many of the designs on currencies are created by artists and reflect national identity and aesthetics.

The curator added that the exhibition has educational value, especially for younger audiences and students.

“Many of whom had never seen some of the featured currencies such as high-value Zimbabwean notes or Biafran currency from the Nigerian civil war era.

Director of the Institute, Prof. Sola Olorunyomi, described the exhibition as a multidisciplinary showcase, attracting attention from political scientists, artists, architects and students.

He said the display resonated with the Institute’s core mandate by blending history, politics, art and education in one experience.

Olorunyomi expressed satisfaction with the audience reception, noting that the most viewed items were the 50 billion Zimbabweans note and the Biafran currency—symbols of significant economic and political history.

He commended the curator’s effort and the coincidence of the exhibition’s timing with the resumption of students, which, he said, had helped fire the imagination of the academic community.

Olorunyomi also revealed that the exhibition marks the launch of a new salon space within the museum, enhancing the Institute’s capacity to engage with the public and promote African studies through innovative displays.

Also, a Professor at the Institute of African Studies, Senayon Olaoluwa, lauded the dynamism of the exhibition at the institute from bronze to metal works, to numismatic collection with Industrial Arts Exhibition to follow.

Edited by Bayo Sekoni

Pensioners’ scribe, Abatan, condemns demonisation of African traditions
Culture & Tourism

Pensioners’ scribe, Abatan, condemns demonisation of African traditions

305 total views today

By Akeem Abas

Dr Olusegun Abatan, Secretary, Nigeria Union of Pensioners, Oyo State, has lamented the demonisation of African traditions, calling for the return of traditional methods in solving complex issues.

Abatan, in a news conference held at the Pensioners’ House, Agbarigo, in Ibadan on Friday, said it was high time the Yoruba revived their culture and traditions with pride.

He bemoaned the double standards exhibited by foreign cultures that secretly practice what they label as ‘backward’ in Africa.

Likewise, he criticised the religious hypocrisy that ridiculed traditional beliefs publicly but secretly sought help from traditionalists, thus affirming the potency of traditional medicine and spirituality.

Condemning the rising insecurity in Yorubaland, Abatan called on traditionalists to spiritually confront kidnappers and bandits by invoking the spirit of Egungun to protect the people.

The pensioners’ scribe clamoured for the return to native policing methods and traditional solutions to complex issues like infertility, epilepsy and community security.

These traditional methods and solutions, he said, had proven effective over generations.

Abatan, therefore, appreciated Gov. Seyi Makinde of Oyo State for initiating the World Egungun Festival, celebrated on Thursday at the Obafemi Awolowo Stadium in Ibadan.

According to him, the governor deserves praise for recognising traditional values alongside Christianity and Islam in official government functions.

While also commending the state Commissioner for Culture and Tourism, Dr Wasiu Olatubosun, for his efforts in organising the festival, he urged other governors to emulate Makinde’s cultural inclusiveness and support. (NAN)(www.nannews.ng)

Edited by Moses Solanke

Adichie to lead artists in “Things Fall Apart” Festival in Enugu
Culture & Tourism

Adichie to lead artists in “Things Fall Apart” Festival in Enugu

323 total views today

By Alex Enebeli

The famous Nigerian novelist, Chimamanda Adichie, will on June 29, lead a cast of artists and storytellers in Chinua Achebe’s inaugural edition of the ‘Things Fall Apart Festival’ in Enugu.

The organisers of the festival, Centre for Memories (CFM), Enugu, disclosed this on Thursday.

CFM’s Executive Director, Mazi Iheanyi Igboko, said that the event was a bold attempt to expand the annual Things Fall Apart Day.

He said Adichie would also deliver the keynote address from the festival theme: “Masculine, Feminine, Human – The Dialogue of Complements in Things Fall Apart.”

“Adichie who has been on a globe-trot, promoting “Dream Count” her highly anticipated new novel after a decade-long hiatus, returns home to honour the memory of one of her greatest literary influences.

“She will explore the “Achebean inheritance”, a powerful reflection on storytelling, cultural rootedness, and the timeless dialogue between history and identity,” Igboko said.

He said that the festival would critically look at the harmony and tension between gender ideals in Achebe’s work, anchoring it on contemporary conversations on identity, humanity, and cultural balance.

According to him, the week-long cultural immersion is designed to honour Achebe’s legacy through art, performance, technology and scholarship with a re-imagination and recreation of the Umuofia village experience.

“It will also present dramatic performances and staged readings, saloon conversations with cultural thought leaders and immersive tech installations.

“The festival will further feature art exhibition, an essay competition for students in senior secondary and tertiary institutions and the general public; film screenings and guided memory walks.

“There will be a special appearance by the leading actors in the major adaptation of Things Fall Apart into a television series in 1987 in which the Nollywood icon, Pete Edochie starred as Okonkwo,” he said.

The executive director said that iconic Ajofia masquerades, which played a prominent role in the book, would also make a grand entry into the re-imagined Umuofia village at the festival.

Igboko said that the festival would hold from June 29 to July 5 at CFM premise at Independence Layout, Enugu.

He called on schools, creatives, literary societies, corporate organisations, businesses, traditional institutions, and the general public to join in celebration. (NAN)(www.nannews.ng)

Edited by Ifeyinwa Okonkwo/Kadiri Abdulrahman

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

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

324 total views today

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

Ooni, Soyinka commend President Tinubu for promoting Nigeria’s culture globally
Culture & Tourism

Ooni, Soyinka commend President Tinubu for promoting Nigeria’s culture globally

298 total views today

By Joan Odafe

The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, has commended President Bola Tinubu for his administration’s growing recognition of culture as a vital pillar of national identity, unity and international diplomacy.

A statement signed by the Media Assistant to the Executive Secretary, National Institute for Cultural Orientation (NICO), Mr Caleb Nor, quoted the traditional ruler as giving the commendation during a media conference organised by NICO to herald the upcoming World Orisha Congress (WOOCON).

The Ooni, who is also the Global Patron of WOOCON, said that President Tinubu was creating a culturally-friendly environment, and giving formal recognition to traditional heritage and spiritual institutions across the nation.

“We are grateful that this administration is giving rightful recognition to our culture.

“Culture is the soul of a people. Without it we have no identity.

“President Tinubu’s leadership is not only helping to reposition our cultural values on the global stage but bring us back to the very essence of our existence,” he said.

Nobel Laureate, Prof. Wole Soyinka also praised Tinubu for encouraging and supporting the initiative, adding that it was a step to greatness and global boost in tourism revenue and relevance nationalities.

Soyinka, who is a Patron of WOOCON, said culture defined people and nationalities, and intellectual and spiritual engagement were important in reviving the African culture.

Earlier, the Brazilian Consular in Lagos, Ambassador Manuel de Lacerda Santos, highlighted the spiritual connections between Brazil and Nigeria, particularly through the shared Yoruba heritage that continues to thrive across both nations.

Also, the Executive Secretary and Chief Executive Officer of NICO, Mr Abiodun Ajiboye, emphasised the global cultural renaissance currently taking place and the crucial role Nigeria must play in the unfolding narrative.

Ajiboye, who is the Secretary of the WOOCON Board of Trustees, said the initiative is going to be one of the global cultural festivals that will reposition Nigeria as a major tourism destination in the world.

He added that by exploring new opportunities in cultural and spiritual tourism, it could generate over $10 billion annually for Nigeria in the next three years, if well planned.

“WOOCON is not just a congress. It’s a movement to reclaim and redefine African cultural consciousness and identity.

“Nigeria’s decision to collaborate with Brazil in the area of culture, tradition and heritage is informed by the deep historical and cultural connections that exist between the two nations.

“These cultural similarities are specifically profound and undeniable in the area of Yoruba heritage where thousands of Brazilians have over the years visited Nigeria to participate in major cultural and religious festivals such as Osun Oshogbo Festival and Sango Festival, to mention a few.

“These interactions reaffirm the strong ancestral ties between our people and highlight the need for structured engagements that will solidify these bonds,” he said.

Ajiboye noted that other countries in the Caribbeans were also part of the initiative.

A renowned Yoruba scholar, Prof. Wande Abimbola, said the Orisha tradition was a global spiritual system that must be preserved and respected across continents.

NAN reports that WOOCON’s full programme of cultural and intellectual engagements is expected to continue in the months ahead, with Nigeria positioned at the heart of the global movement. (NAN)(www.nannews.ng)

Edited by Bayo Sekoni

NYSC holds cultural carnival float at Edo orientation camp
Culture & Tourism

NYSC holds cultural carnival float at Edo orientation camp

457 total views today

By Usman Aliyu

The 2025 Batch ‘A’ Stream 1 corps members turned the permanent orientation camp in Okada, Edo, into a hub of colour, culture, and camaraderie during a glamorous cultural carnival float that celebrated Nigeria’s rich diversity.

The event featured traditional costumes, dances, and symbolic representations from various ethnic groups across Nigeria.

It also showcased unity in diversity as corps members competed in inter-platoon displays of cultural heritage.

In her opening remark, Dr Frances Ben-Ushie, State Coordinator of NYSC, lauded the corps members and camp officials for their spirited participation.

Ben-Ushie urged the corps members to continue to respect the customs and traditions of their host communities during their service year.

“The NYSC cultural carnival is not just about entertainment; it’s about learning, embracing one another, and promoting unity.

“This float is a reminder of the strength we derive from our diversity,” she said.

The News Agency of Nigeria (NAN) reports that platoon 8 emerged the winner after dazzling the crowd with their vivid portrayal of the iconic Benin Ikaba Festival.

Platoon 10 came second, honouring Hausa-Fulani traditions, while Platoon 4 took third place with an energetic display of Efik heritage.

The event also featured inter-platoon games, including the lively “catching the train” contest, adding excitement to the day’s celebrations.

In his remarks, Mr Akeem Adepeju, who is the camp director, commended the corps members for their creativity and discipline. (NAN)(www.nannews.ng)

Edited by Ismail Abdulaziz

Creative sector, second largest employer in the country -Speaker
Culture & Tourism

Creative sector, second largest employer in the country -Speaker

310 total views today

By Ikenna Osuoha
The Speaker, House of Representatives, Rep. Tajudeen Abbas, says the creative sector in Nigeria is the second largest employer of labour for citizens.

Abbas stated this in Abuja while declaring open public hearing on the bill for an Act to provide for Establishment of National Institute for Film and Media Technology, Ukawu, Ebonyi.

The Speaker, represented by Rep. Amos Magaji, representing Zangon Kataf/Jaba federal constituency, said the sector had the potential to create additional 2.7 million jobs.

“This indicates that the creative economy worldwide contributes over 6.1 per cent to global gross domestic product (GDP), averaging between 2 per cent and 7 per cent of national GDPs,” he said.

The News Agency of Nigeria (NAN) reports that the Bill was presented by Rep. Osi Nkemkamma, representing Ohanivo Federal Constituency, Ebonyi.

Abbas said the Bill was in line with their Legislative Agenda, re-affirming their commitment to reforming and modernising the technical education system to equip students with relevant skills to thrive in today’s economy.

He said that the skills would enable the students to contribute effectively to Nigeria’s economic growth.

Abbas reiterated the determination of the House to ensuring that emerging technologies such as artificial intelligence, robotics and renewable energy was mainstreamed into the curriculum of technical and vocational education in Nigeria.

He stressed the need for them not to fail the younger generation with required skills as he called for incorporation of Artificial Intelligence (AI) in the training process.

“We must not be found wanting in the fulfillment of our commitments.

“We would have failed if we did not provide our children with the opportunities that they need to achieve their purposes and become fulfilled as human beings.

“The world is already running away with Artificial Intelligence.

“We cannot be left behind. Education is the bedrock of development, and the need for educational institutions that will develop the skills of our people ought to have been addressed yesterday.”

Also speaking, Rep. Fatoba Olusola, Chairman, House Committee on Information, National Orientation, Ethics and Values, reiterated the imperatives of investing on film and media sector.

Olusola said that the film and media sector had the capacity to take the youths out of the streets and boost the economy.

Different stakeholders from the information and Media industry were present at the public hearing including the Managing Director of the News Agency of Nigeria (NAN), Malam Ali M. Ali, who was represented by Deputy Editor in Chief Ismail Abdulaziz.

NAN reports that the bill provides for job-specific and practical training, utilising modern methods of skill development, align with industry best practices.

It also proposes the functions and powers, staff structure, and financial provisions that demonstrated a comprehensive approach to establishing a world-class institution.(NAN) (www.nannews.ng)

Edited by Ismail Abdulaziz

FG rolls out development fund for creative sector
Culture & Tourism , Entertainment

FG rolls out development fund for creative sector

481 total views today

By Joshua Olomu

Hannatu Musawa, Minister of Art, Culture, Tourism, and Creative Economy (FMACTCE), says the Federal Government, through the ministry, has launched the Creative Economy Development Fund (CEDF) to ensure that creative industries thrive.

The minister said the fund was a strategic national investment designed to unlock the vast potential of Nigeria’s creative sector, positioning it as a driver of economic growth and cultural diplomacy.

According to her, the CEDF is a bold step toward realising President Bola Tinubu’s Renewed Hope Agenda, aimed at fostering job creation, economic diversification, and enhancing Nigeria’s global cultural influence.

“The Federal Ministry of Art, Culture, Tourism, and Creative Economy invites eligible creatives, entrepreneurs, and organisations to apply for funding through the Creative Economy Development Fund.

“The fund is a strategic national investment designed to unlock the vast potential of Nigeria’s creative sector, positioning it as a driver of economic growth and cultural diplomacy.

“This is not just a financial intervention, it is a call to action for creatives, entrepreneurs, and industry enablers to scale their dreams and contribute to a thriving, inclusive creative economy.

“CEDF supports creative businesses by providing capital to scale production, expand market access and build resilience.

“It also allows creators to leverage intellectual property as a financial asset, unlocking the value of film rights, music catalogues, digital content, and other creative works.

“The initiative offers various funding options for creative businesses, including affordable loans and credit facilities for businesses across sectors such as film, music, fashion, art, publishing, gaming, and cultural tourism.

“Equity and quasi-equity investments in high-growth creative enterprises, grant funding for socially impactful and innovative cultural projects and focus on leveraging intellectual property (IP) as a bankable asset class for securing financing,” she said.

Musawa emphasised that the fund provides tailored financial support through debt, equity and grant funding to boost and promote innovation, increase global visibility for Nigeria’s creative assets, cultural projects, and tourism-linked enterprises.

The minister said the application process will be rolled out in phases, with the first call for proposals opened till May 30, prioritising mature projects seeking over $100,000.

She said the second phase will open on August 4, 2025, focusing on Micro Small and Medium Enterprises (MSMEs) and Small and Medium Enterprises (SMEs) requesting under $100,000.

“Application review, project onboarding, incubation, and acceleration for phase one will take place from June to December 2025, with the disbursement of funds starting on January 1, 2026.

“For phase two, disbursements will start on April 1, 2026.

“The fund is open to individuals, businesses, and institutions operating across the creative and cultural economy, including writers, directors, artists and fashion designers.

“Others include gaming studios, cultural tourism providers, training institutions, promoters, legal consultants, media agencies, digital platforms, and logistics companies,” she said.

The minister urged industry players seeking updates and additional information about the fund to contact CEDFnigeria.com

She said applications would be assessed by independent professionals with oversight from a private sector investment committee.

The minister added that CEDF is structured as an independent, professionally managed investment fund, with the Ministry of Finance Incorporated serving as the anchor shareholder.

She, therefore, urged interested investors and development partners to reach out to the ministry for co-investment opportunities or participation in specific sub-funds. (NAN) (www.nannews.ng)

Edited by Modupe Adeloye/Ekemini Ladejobi

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