Skip to content
September 9, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Fashion, hospitality, tourism industry contribute over N3.2 trn to national economy – FG reveals
  • National News

Fashion, hospitality, tourism industry contribute over N3.2 trn to national economy – FG reveals

Admin August 13, 2020
Facebook and Twitter

Minister of Information and Culture, Alhaji Lai Mohammed

The fashion industry, hospitality and tourism contributed over N3.2 trillion to national economy, a report by the Federal Government’s Post Covid-19 Initiative Committee on the Creative Industry has revealed.

The minister of Information and Culture, Alhaji Lai Mohammed on Thursday, gave an insight into the report recently submitted to the government by the committee led by ace comedian, Ali Baba.

Mohammed, who was a guest on NAN Forum in Abuja, said that the recommendations by the committee, set up to advise government on how to mitigate the effects of COVID-19 on the creative industry, were revealing.

He disclosed that an implementation committee will be set up on Tuesday, to determine which of the recommendations will be sent to the Federal Executive Council for policy decisions and National Assembly for legislation.

“Before now, we did not know that the fashion industry accounts for almost N2 trillion revenue that the hospitality and tourism industry accounts for about N1.2 trillion.

“The publishing and printing industry accounts for almost N1 trillion and about N720 billion worth of books and paper enter the country annually.

“The film industry accounts for about N140 billion, the music industry revenue is over N300 billion while the comedy industry accounts for about N17 billion,” he said.

The minister said that besides the revenues generated, the report revealed how many people were employed by each sector.

“You will be amazed that though the film industry account for only N140 billion, it employs almost half a million people.

“The broadcast and advertising industry which I think accounts for another N500 billion also employs almost 500,000 people.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Ali Baba lai mohammed NAN

Post navigation

Previous Hate speech: NBC fines radio station, Nigeria Info Lagos
Next About 15,000 pieces of hair care, beauty products sold every month in Nigeria – Minister

Related Stories

Nollywood producers may leave YouTube if Naira strengthens against Dollar – Film maker 
  • National News

Nollywood producers may leave YouTube if Naira strengthens against Dollar – Film maker 

September 9, 2026
Lower Customs Duty on Phones to Boost Digital Inclusion, PAPDA Urges FG
  • National News

Lower Customs Duty on Phones to Boost Digital Inclusion, PAPDA Urges FG

September 9, 2026
Police rescue kidnap victim, apprehend suspect in Rivers death
  • National News

Police rescue kidnap victim, apprehend suspect in Rivers

September 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Nollywood producers may leave YouTube if Naira strengthens against Dollar – Film maker 
  • National News

Nollywood producers may leave YouTube if Naira strengthens against Dollar – Film maker 

September 9, 2026
Lower Customs Duty on Phones to Boost Digital Inclusion, PAPDA Urges FG
  • National News

Lower Customs Duty on Phones to Boost Digital Inclusion, PAPDA Urges FG

September 9, 2026
Police rescue kidnap victim, apprehend suspect in Rivers death
  • National News

Police rescue kidnap victim, apprehend suspect in Rivers

September 9, 2026
NDLEA Arrests Fleeing Drug Kingpin Festus Ibewuike in Multinational Operation
  • National News

NDLEA Arrests Fleeing Drug Kingpin Festus Ibewuike in Multinational Operation

September 9, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.