FG To Give Out N7 Billion To 35 Creative Industries

2020 Budget

The Federal Government has promised to empower 35 creative firms with N7 billion in order to enhance the growth of the industry.

Ekohotblog Understands that the Minister of Finance, Budget and National Planning, Zainab Ahmed, who disclosed this at the Greeners Business-to-Business Annual National Economic Dialogue 2020 held in Abuja explained that the initiative was designed as a skill acquisition program through N-Power.

Ahmed explained further the N-power beneficiaries were trained and certified in animation, graphic design, post-production, and scriptwriting.

She also revealed that the N7 billion would be disbursed by the Bank of Industry to 35 creative firms in content production, content distribution, production equipment, and digital transmission equipment, among others, to facilitate the growth of local content against saturation of foreign contents.

She added that the intention of FG was to position Nigeria’s creative industry as exporters of world-class services and content in the global market.

Zaccheus Ukhueleigbe

Zackius Adeleke is a content provider, journalist, digital media strategist, inspired by the opportunity to learn new things.