Nigeria lacks wherewithal infrastructure finances to run creative industry lai mohammed #

A very valid concern!

Lai Mohammed, the Minister of Information and Culture in Nigeria, has indeed highlighted the challenges facing the creative industry in the country. One of the major hurdles is the lack of infrastructure, including finances, to support the growth and development of the industry.

Here are some of the key challenges:

  1. Inadequate funding: The creative industry in Nigeria lacks a stable and sufficient funding mechanism. Many projects and initiatives struggle to secure funding, making it difficult to sustain themselves.
  2. Poor infrastructure: The country's infrastructure, including roads, power supply, and internet connectivity, is often inadequate, making it difficult for creatives to work efficiently and effectively.
  3. Limited access to markets: The creative industry in Nigeria faces challenges in accessing international markets, making it difficult for Nigerian creatives to showcase their work and earn foreign exchange.
  4. Lack of policy support: The government's policies and regulations often fail to provide adequate support for the creative industry, making it difficult for creatives to operate and grow their businesses.
  5. Brain drain: Many talented Nigerian creatives have left the country in search of better opportunities, leading to a brain drain that affects the industry's growth and development.

To address these challenges, the government and stakeholders in the creative industry are working together to develop solutions, including:

  1. Establishing a creative industry fund: The government is working to establish a fund to support the creative industry, providing financing for projects and initiatives.
  2. Improving infrastructure: Efforts are being made to improve the country's infrastructure, including the development of new roads, power supply, and internet connectivity.
  3. Promoting the industry: The government is working to promote the creative industry, both locally and internationally, to increase visibility and attract investment.
  4. Developing policies and regulations: The government is developing policies and regulations that support the creative industry, providing a conducive environment for creatives to operate and grow their businesses.
  5. Capacity building: The government and stakeholders are working to build the capacity of creatives, providing training and mentorship programs to help them develop their skills and stay competitive.

By addressing these challenges and developing solutions, Nigeria can create a more enabling environment for the creative industry to thrive, driving economic growth and development.