In Tony Elumelu Foundation, the federal government has found a strategic partner to help re-position the Creative Industries in Nigeria, the Minister of Information and Culture, Alhaji Lai Mohammed, has said.
Speaking at a ceremony for the signing of the Memorandum of Understanding (MoU) between the Ministry and the Foundation in Lagos on Tuesday, the Minister expressed the strong belief that the collaboration will be the much-needed catalyst to transform the country’s Creative Industries to a Creative Economy.
”The MoU contained details of how we will work together to execute our partnership. More specifically, the areas of collaboration will include the creation of an enabling business environment for the creative industries with such incentives as easy access to finance; the structuring of the Creative Industries to enable it generate independent revenues locally and also boost exports to increase Nigeria’s foreign exchange earnings; and comprehensive statistics about the Creative Industries, including its size and projections, to guide potential local and foreign investors,” he said.
Alhaji Mohammed said an innovative part of the collaboration ”is the plan to convene a Creative Economy Task Force to map the Creative Industries to provide a better picture of what is happening on the ground and help inform policy development”, adding: ”We also plan to measure the economic contribution of these industries to the Nigerian economy and provide a blueprint for action.”
He explained that the agreement was part of efforts by the Federal Government to ensure that the Creative Industries become a major factor in the ongoing diversification of the country’s economy.
”To reap the full potentials of the Creative Industries, we realised early on that we will need to reach out to organizations that have the capacity and the drive to assist us in achieving our goals, organizations that can utilize their business knowledge, network and technical expertise to assist the Ministry in the development of Nigeria’s Creative Industries.
”This explains why we entered into discussions with the Tony Elumelu Foundation and the British Council. The discussions have now yielded fruits. On Aug. 24th 2016 in Edinburgh, Scotland, we signed an MoU with the British Council. And today, we are signing another MoU with the Tony Elumelu Foundation. Together, we will work to re-position the Creative Industries in Nigeria,” the Minister said.
He said provision must be made for concrete benchmarks ”to measure our progress in the implementation of this MoU” to ensure that ”by the time we conclude the initial two-year period of this historic collaboration, no one will need to strain his eyes to see the achievements”.
Alhaji Mohammed said efforts to lift the Creative Industries have received support at the highest level of the Administration, adding: ”Last week, at an evening of conversation with the youth, President Muhammadu Buhari not only rallied support for the sector, he also directed that such support must reflect in the budget of the Ministry of Information and Culture in 2017.”
He commended the Chairman of the Foundation, Mr Tony Elumelu, for throwing his full weight, and that of his Foundation, behind the idea of a partnership between the Ministry and the Foundation to rejuvenate the Creative Industries, which range from advertising, architecture, the art and antiques market, crafts, design, fashion, film, interactive leisure and software, music, the performing arts and publishing to Radio and Television.
For his part, Mr. Elumelu hailed the Minister for the partnership initiative, and assured that even more of his colleagues in the private sector would support the Creative Industries once they are properly structured.
The ceremony for the signing of the MoU by the Minister and Mr. Elumelu, which was held at the National Theatre, was attended by major industry players, including Nollywood and music stars and Comedians, as well as beneficiaries of the Tony Elumelu Entrepreneurship Programme, which aims to identify, over 10 years, a total of 10,000 African start-ups and entrepreneurs with ideas that can generate at least 1,000,000 new jobs and contribute at least 10 billion dollars in new annual revenues across Africa.
The TEF was Founded in 2010 by Tony O. Elumelu CON, the Tony Elumelu Foundation, TEF is a foremost African philanthropic organisation. The Tony Elumelu Foundation believes that the private sector holds the key to unlocking Africa’s economic potential. To that end, its mission is to catalyse economic and social development in Africa through entrepreneurship, focusing on three areas.
The Foundation’s main philosophy is based on the Founder’s legacy to empower a generation of successful for-profit entrepreneurs who drive Africa’s economic and social transformation.
The Tony Elumelu Foundation’s programmes and activities are structured around four cornerstones:
- The Tony Elumelu Entrepreneurship Programme
The flagship programme of TEF is based on some Pillars:
12-week Startup Enterprise Toolkit Training Programme, online mentoring, digital resource library, meet-ups, the Elumelu Entrepreneurship Forum, seed capital funding and the Tony Elumelu Alumni Network.
- Entrepreneurship Ecosystem
The activities of the Foundation will establish and strengthen a viable ecosystem to institutionalize luck for entrepreneurs in Africa. This ecosystem includes Angel Investors, Incubators, Accelerators, Diaspora networks and our Alumni Network.
- Research Advocacy and Partnerships
The Tony Elumelu Foundation’s Research, Advocacy and Partnerships arm aspires to strengthen the African entrepreneurial ecosystem – improve the enabling environment and build capacity – through relevant and focused research, targeted advocacy and strategic partnerships between key stakeholders. This unit positions TEF as the leading authority on data, insights and trends occurring in the African entrepreneurial ecosystem as we promote the positive role of entrepreneurship in driving Africa’s social and economic development.
- Technology-Enabled Operations
The Tony Elumelu Foundation has created a multi-lingual digital hub for application processing, mentor learning, webinars, curated online resource library and tracking and monitoring the business performances of Tony Elumelu Entrepreneurs. We aim to build Africa’s largest entrepreneurs’ network and encourage knowledge exchange and capacity building through this hub.