Nigeria is set to begin implementing the $200 million African Export-Import Bank (Afrexim) fund to boost tourism and the creative economy on June 1, it has emerged.
Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musa Musawa, who made the disclosure on Wednesday, also revealed that efforts are underway to mobilize $2 billion in global and local investments to create jobs and expand the creative economy to $100 billion by 2030.
In a statement by her Special Assistant on Compliance and Coordination, Jummai Ali, the Minister emphasized that advanced negotiations with international finance partners are underway to attract substantial global investments, further accelerating growth in the tourism and creative economy.
The development, according to Ali in the statement, highlights the Minister’s commitment to driving transformative change through concrete, actionable plans aligns with President Tinubu’s Renewed Hope Agenda for economic diversification and job creation.
