Showlate Entertainment Limited has commended the Federal Government for its approval of the Creative Economy Development Fund (CEDF) and the Intellectual Property (IP) Monetisation Pilot, as well as the recent merger of the Ministries of Tourism, Arts, Culture, and Creative Economy into a single entity. These initiatives, announced during a Federal Executive Council meeting chaired by President Bola Ahmed Tinubu, aim to drive innovation and streamline governance for optimal efficiency.
In a statement, Showlate Entertainment praised the Ministry of Arts, Culture, and Creative Economy, led by Minister Hannatu Musawa, for spearheading these transformative initiatives. “The launch of the CEDF and the IP Monetisation Pilot marks a new chapter for Nigeria’s creative economy. These platforms are essential for empowering creators, safeguarding intellectual property, and driving innovation across all sectors,” said Emmanuel Solate, CEO of Showlate Entertainment.
Emmanuel Solate emphasized the importance of stakeholders within the creative and tourism industries leveraging these new opportunities to boost the national economy. “The CEDF, designed to provide funding through innovative financial instruments such as IP securitization, will support the creative industry by lowering barriers to finance and promoting intellectual property as a valuable asset. These initiatives present an exciting opportunity for young creators and will foster a vibrant creative business environment,” he added.
Solate further urged the Federal Government to extend its support to projects like Showlate Entertainment’s upcoming Cultural Canvas Art & Festivals Photography Exhibitions, which aim to celebrate Nigeria’s diverse cultural heritage and promote the monetization of creative works in alignment with the government’s new initiatives. He reiterated that the CEDF has the potential to empower artists by providing innovative financial instruments, enabling them to leverage their intellectual assets.
Additionally, Showlate Entertainment lauded the government’s decision to merge the Ministries of Tourism, Arts, Culture, and Creative Economy, calling it a positive step toward better policy coordination and enhanced cultural tourism. Solate noted, “Tourism and culture are deeply intertwined, and unifying these ministries will drive the promotion of Nigeria’s rich cultural heritage on a global stage.”
Highlighting the vital role of cultural attractions in tourism, Solate asserted that this integration will enhance Nigeria’s status as a cultural tourism destination. Citing the planned Cultural Canvas Art & Festivals Photography Exhibitions, he noted that such initiatives can thrive under the newly merged ministry, showcasing Nigeria’s rich cultural heritage and appealing to international tourists.
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Showlate Entertainment called for continued collaboration between the government, private sector, and stakeholders to ensure the success of these initiatives, positioning Nigeria as a global leader in cultural tourism and creative innovation.
- By Ken Gbados
