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Creative industry capable of contributing N1trn to national economy – NCC

The Nigerian Copyright  Commission (NCC) says Nigeria’s creative industry is capable of contributing more than N1 trillion annually to the nation’s economy.

The Director-General of the commission, Mr Afam Ezekude, said this at the 2012 National Creativity Day celebration in Abuja.

The celebration is an initiative of the UN Conference on Trade and Development (UNCTAD) to promote Africa’s potential in creative industries. The Creative Africa Initiative was launched in April 2008 at the 12th session of UNCTAD in Accra.

The components of the industry include arts and crafts, music, dance, film, painting, advertising and fashion. Represented by a Director at the commission, Mr Mike Akpa, the D-G in a paper, said that the study on the potential of the industry was still ongoing.

Some traders in Lagos have said that  shortage of Point of Sales (PoS) terminals might hinder the smooth take-off of the cash-less policy of the CBN. They said that the aim of the scheme might be defeated if the CBN did not address the shortage immediately.

Many traders were yet to key into the pilot scheme 10 days after its commencement, due to non-availability of the terminals. Mr Uche Ugochukwu, President, Association of Alaba Traders, advised CBN to deploy more PoS terminals, adding that this was necessary to remove any hurdle that might hinder the implementation of the policy.


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