The Federal Executive Council has approved an initiative that will transform Nigeria’s cultural, tourism, and creative economy industries. The Hon. Minister of Arts, Culture, Tourism, and the Creative Economy, Hannatu Musa Musawa, Esq., announced this following the council meeting yesterday at the State House.
The newly approved Creative & Tourism Infrastructure Corporation (CTICo) is a Special Purpose Vehicle (SPV) established under a Public-Private Partnership (PPP) framework to address critical infrastructure needs within Nigeria’s creative and tourism sectors.
This initiative aligns with Presidential Priority 7 under President Bola Ahmed Tinubu’s Renewed Hope Agenda, focusing on accelerating economic diversification through creative arts, tourism, and innovation.
To ensure CTICo’s success, the Ministry of Arts, Culture, Tourism, and the Creative Economy has engaged various development partners and international stakeholders. These collaborations aim to foster innovative strategies for infrastructure development and financing, laying a strong foundation for the growth of Nigeria’s creative and tourism industries.
CTICo is set to revolutionize Nigeria’s creative and tourism sectors with the following objectives:
Generate $100 billion for the Nigerian economy
Create 2 million jobs across creative and tourism industries
Attract global investments, nurture local talent, and promote Nigeria’s cultural heritage on the world stage
Key infrastructure projects include:
Rehabilitating Obudu Resort and Yankari Game Reserve
Developing the Abuja Creative City
Establishing 5,000 cinema screens nationwide
Creating a Creative City at the Wole Soyinka Center in Lagos
Launching a Centre for African Arts
Implementing a Digital Distribution Network
Upgrading the National Gallery
Expanding the National Arena to a 100,000 seating capacity
