News
Musawa secures $200m Afreximbank deal to transform creative economy
The Minister of Arts, Culture, and the Creative Economy Barrister Hannatu Musa Musawa, Wednesday announced securing a $200 million financing facility with the African Export-Import Bank (Afrexim Bank).
The facility is to support the growth of the country’s creative industries.
Musawa in a statement by her media aide, Dr. Nneka Ikem Anibeze said partnership with the African Export–Import Bank is a crucial component of the Destination 2030 vision and one of the ministry’s ambitious goals for the creative economy.
She emphasized the critical role of global partnerships in driving the
country’s vision forward, stating that Destination 2030: ‘Nigeria Everywhere’, is the Ministry’s roadmap to transforming Nigeria into a global cultural powerhouse and called on more stakeholders to invest in the vision.
President and Chairman of Afreximbank, Professor Benedict Oramah who announced the partnership in New York stated that the $200 facility is to support the Ministry’s new initiatives for sustainable economic growth.
He emphasized the importance of investing in the creative industries and positioning Africa as a global cultural leader.
“The Bank has deployed the Creative Africa Nexus (CANEX) Programme to enhance Africa’s share of global trade in creatives and cultural products by offering tailored financial solutions, facilitating technical capacity building, and opening avenues for market access for creative entrepreneurs.
“It is for this reason that we are pleased to be working with the Federal Ministry of Arts, Culture and the Creative Economy, to put in place, a financing facility in an amount of 200 million US dollars to support new laudable initiatives in support of the creative and cultural industries.
We are impressed by the commitment and passion of the Ministry and the alignment with Afreximbank creatives strategy. We hope that we can work together to entrench this fully and use it to support the industry in a way that boosts pan-African cross-country partnership,” he said.
News
Bill For Independent Candidacy Passes Second Reading
News
Just in :INEC announces date for Anambra governorship election
By Kayode Sanni-Arewa
The Independent National Electoral Commission (INEC) has fixed the date for the Anambra governorship election.
Addressing representatives of political parties at the INEC headquarters in Abuja on Thursday, October 17, INEC national chairman, Prof Mahmood Yakubu said the election will be held on Saturday 8th November 2025.
Hear him: “As you are aware, the last governorship election in Anambra State was held on 6th November 2021. By the effluxion of time, the governorship election is due next year.
In compliance with the mandatory requirement of 360 days, the formal notice for the election will be published on 13th November 2024. Party primaries will be held from 20th March 2025 to 10th April 2025.
“The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
In compliance with the mandatory requirement of 360 days, the formal notice for the election will be published on 13th November 2024. Party primaries will be held from 20th March 2025 to 10th April 2025.
“The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
“In the coming weeks, the Commission will provide details of other electoral activities, including the registration of new voters, transfer of voters and the replacement of lost or damaged PVCs.
“The detailed Timetable and Schedule of Activities for the 2025 Anambra State Governorship election will be uploaded to our website and social media platforms before the end of this meeting.”
News
Despite heavy hunger, World Bank Tells Nigerians Not To Oppose, Reverse Tinubu’s Economic Reforms
By Kayode Sanni-Arewa
Despite hunger, World Bank has urged Nigerians to support the ongoing economic reforms, warning that opposing or reversing them could have serious negative consequences for the country.
Speaking at the launch of the Nigeria Development Update (NDU) report in Abuja, the World Bank Country Director for Nigeria, Dr. Ndiame Diop, emphasized that while the reforms may be challenging, they are crucial for the nation’s long-term stability.
Dr. Diop cautioned that rolling back these reforms would be detrimental, saying, “Reversing the reforms would spell doom for Nigeria.”
In the same vein, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reiterated the importance of staying committed to the reforms. He stated, “Any effort that is not sustained will be a waste. Together with the Governor of the Central Bank of Nigeria and the Minister of Budget and National Planning, we’ve been discussing how to stay on course.”
Edun further explained that the government’s focus is on reducing inflation while ensuring investments flow into critical sectors such as industry, where jobs can be created. “We are prioritizing market pricing and sat down with labor unions to explain why we cannot afford to let this opportunity slip.”
On the removal of subsidies, Edun noted, “Every day without subsidies means more funds available for education, healthcare, and other essential expenditures.”
Also speaking, Central Bank Governor Mr. Olayemi Cardoso highlighted the importance of promoting exports in light of the exchange rate adjustments. “The moderation in the FX rate should make our goods more competitive for export and discourage the importation of unnecessary goods,” he said
-
News23 hours ago
Just in: Final knockout for Fubara as Supreme Court refuses to grant stay of execution request
-
News23 hours ago
University Don Tells FG To Sanction NUPENG President, General Secretary Over Failure To Curtail Tanker Fire Fatalities
-
News16 hours ago
Just in: Shettima jets out in Tinubu’s absence
-
Sports16 hours ago
European Football Chiefs, FIFPRO Slam FIFA Over Schedule
-
Sports8 hours ago
Get ready for Libya rematch – Obi Tells Super Eagles
-
News19 hours ago
Companies Blame Host Communities For Oil Theft, Pipeline Vandalism
-
Entertainment15 hours ago
Actress Bimbo Akintola reveals why she can never date an actor
-
News6 hours ago
20 seconds after prayer my father suddenly died- Senator Zwingina’s son