The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, says the ministry would contribute $100 billion to the Nigerian economy by 2030.

Ms Musawa said this while briefing State House correspondents on Monday at the end of the sixth Federal Executive Council meeting of the year.

She said the FEC approved a memo seeking to monetise Nigeria’s tangible and intangible assets in both the creative, cultural and tourism industry.

The minister said this would enable her ministry to create a new revenue stream that had never been done before, using the country’s assets to grow the economy.

“Our ministry has committed to contributing and growing the economy by $100 billion by 2030, and we hope to do that by putting all the modalities in place that will allow the industry to grow organically on its own.

“We also want to address unemployment by creating jobs. We are going to create at least two million jobs by 2027 within this industry,” said Ms Musawa.

She said the ministry had signed a memorandum of understanding with Moby, an international museum collection agency, to monetise the country’s artefacts, historical monuments and landmarks.

“So, the strategy for this monetisation is going to take four separate processes. We’ve already finished that specific process. Now, it is for us and Moby to sit down to now monetise them.

“It is an exciting time for Nigerian identity, for our traditions, for our culture, whereby we use what we have to expand in a way that does not put more pressure on us economically,” Ms Musawa added.

(NAN)