Hannatu Musawa, the Minister of Arts, Culture, and the Creative Economy, expressed confidence that the $617 million investment in the Digital Economy and Creative Enterprises (iDICE) initiative will spur cultural and economic development. During the opening of iDICE and the inaugural Omniverse symposium in Lagos on Tuesday, the minister emphasized the fund’s transformative potential.
Musawa emphasized the importance of the iDICE fund as a critical chance to drive economic development in Nigeria’s thriving digital and creative sectors. “The iDICE fund epitomizes the administration of President Bola Tinubu’s unwavering commitment to empowering our creatives and entrepreneurs, fueling economic growth, and driving socio-economic transformation across Nigeria,” she said
She states that the ministry’s 8-point plan was aimed at eliminating obstacles to cultural, economic, and market access in the digital and creative industries. She emphasized that the fund intended for both cultural and economic growth, as well as inclusivity in order to remove barriers.
Musawa also praised the Omniverse Summit as a unique opportunity to network, learn insights, and contribute to the formulation of policies that promote African innovation, creativity, and entrepreneurship.
According to her, collaborations and engagement among industry players and policymakers are paramount in unlocking the full potential of Nigeria’s creative economy. She enjoined stakeholders to actively participate, collaborate, and form ties in order to fuel economic progress and transform the creative landscape.
The iDICE fund and venues such as the Omniverse summit have been considered as catalysts that provide support and access to global markets. The Omniverse summit, hosted by the National Council for Arts and Culture and headed by Obi Asika, intended to promote collaboration and networking in the industry.
The Omniverse summit’s co-convener, Charles Emembolu, underlined the importance of collaboration, investment, and involvement in a global digital revolution. The event, supported by ecosystem players and the German Consulate, provides an opportunity to discover Nigeria’s fertile digital landscape and develop relationships for future success.
