The Federal Government is set to establish a Creative And Tourism Infrastructure Corporation (CTIC) that would generate $100 billion for the economy and create two million jobs.
The Corporation would also drive economic diversification and cultural preservation inline with the Presidential Priority 7 on the economy.
The initiative is led by the Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musawa.
Presenting the proposal during Monday`s Federal Executive Council (FEC) meeting, Musawa disclosed that the move would be supported by a Special Purpose Vehicle (SPV) designed to bridge the infrastructure gap in the country’s tourism and creative industries.
Her Special Adviser on Media & Publicity, Dr. Nneka Ikem Anibeze, in a statement said the CTIC will operate under a public-private partnership model that would attract local and international investors to fund and develop world-class infrastructure that supports the creative sector.
Key Features of CTIC according to the statement included Strategic Partnerships by Engaging AFREXIM, IFC, World Bank, AfDB, AFD, EU, Ford & Rockefeller Foundations, and UNESCO for funding and expertise.
The others are, Governance Structure whereby the Nigerian Government will hold a 25-49% minority stake through the Ministry of Finance Incorporated (MOFI), ensuring private-sector efficiency and leadership.
The statement listed Flagship Projects to include the rehabilitation of Obudu Resort and Yankari Game Reserve, development of Abuja Creative City and Creation of 5,000 cinema screens nationwide
Others are the Wole Soyinka Creative City in Lagos, Launch of a Centre for African Arts and a New Era for Nigeria’s Creative Economy
Musawa emphasized the importance of modern infrastructure in unlocking Nigeria’s full creative potential.
“Everyone recognizes Nigeria’s creativity—our films, music, and fashion dominate globally. But without the right infrastructure, we can’t maximize this potential. Imagine if ‘Detty December’ in Lagos had world-class venues—the economic impact would be exponential.”
The CTIC approval signals a major shift towards making Nigeria a global hub for tourism, film, music, and cultural heritage, positioning the country as a leading player in the global creative economy.
With FEC’s approval, the government is set to mobilize investors, develop priority projects, and implement innovative financing models to bring this vision to life.
