Lagos invests N8.4bn to grow creative sector
The Lagos State government has committed N8.4bn to boost its creative economy in the 2025 financial year. Toke Benson-Awoyinka, Commissioner for Tourism, Arts and Culture, highlighted the investment at the African Music Business Summit. She emphasized the importance of supporting music, film, and related industries to position Lagos as a leading creative hub. The government’s funding for the sector has increased significantly, with new initiatives aimed at nurturing emerging talent.
What we know
- Toke Benson-Awoyinka announced that N8.4bn was allocated to the creative economy in the 2025 financial year.
- The investment supports concerts, training, capacity-building, and production across music, film, and other creative industries.
- Government funding for the sector has grown from N3.8bn before 2023 to N18bn, with projections nearing N40bn.
- A Lagos Talent Hunt will be launched to discover and empower new artists, and government theatres will be converted into cinemas and music studios for free access.
- Over 140 creative projects and organisations have received support, and large-scale public events have attracted more than 100,000 residents.
