Nigeria’s Creative Sector Expected to ontribute $10bn To GDP in 2021 – Buhari

President Muhammadu Buhari has expressed hope in Nigeria’s creative sector, noting it is expected to contribute $10 billion to the country’s gross domestic product (GDP) in 2021.

Buhari, represented by minister of industry, trade and investment, Niyi Adebayo, made the comment on Friday at Arise Fashion Week 2021 in Dubai.

According to Buhari, the creative sector currently employs more than four million people.

He said: “After agriculture, the creative sector is the second largest employer of labour in Nigeria today,”

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“This is further underlined by a recent report on Nigeria’s creative industry which showed that the industry is positioned as the second-largest employer and has the potential to produce 2.7 million new jobs by 2025.

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“There’s no doubt that Nigeria’s creative sector holds tremendous potential to unlock Nigeria’s economy and increase employment opportunities for young people.

“The projections are promising as the sector is expected to deliver over $10 billion by the end of 2021, making a tremendous contribution to the country’s GDP.

The president added: “And now, the road to 5G has begun; I urge the world to watch Nigeria as we reveal and transform,”