• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, July 18, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Tourism, fashion contribute N3.2trn to economy

The Matters Press by The Matters Press
August 13, 2020
Reading Time: 2 mins read
0
Minister amplifies Buhari’s achievements in first year of second tenure

RELATED POSTS

Befitting honour for former President Buhari commendable – TMSG

17-member committee for burial of Buhari

Lagos falls flat to APC

By Tanko Mohammed
Fashion, hospitality and tourism sector contributes more than 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 said that the recommendations by the committee set up to advice 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 besides the revenues generated, the report revealed how many people were employed by each sector.

“You will be amazed that though the film industry accounts 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.
“The beauty and hair care industry does not only accounts for about 30,000 practitioners, also about 15, 000 pieces of hair care, beauty care are sold every month in Nigeria.

“We are also able to find out through that report that under hospitality industry, about 20, 000 events take place every month only in Lagos while in the year 2016, about 1.9 million events were held,” he said.

The minister said the report detailed how the Covid-19 pandemic had negatively impacted on the various industries and suggested what could be done to kick-start and sustain their growth.

Specifically, he said the distancing rules have affected the ability to go out to shoot, produce and distribute films while the lockdown affected musical concerts and invitation of musicians to social functions.

“The same goes for the fashion industry because there is nothing to trigger demand for the hair and beauty care.

“Of course, when there are no parties and with the face masks the people are putting on, the demand for the products has gone down,” he said.

The minister said the report equally x-rayed the gaps in some of the industries, such as the lack of enforcement especially in the area of protection of intellectual property.

He commended the committee members for a selfless and detailed work in mapping and giving value to the industries and assured the report would not be swept under the carpet.

Tags: Tourism
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Befitting honour for former President Buhari commendable – TMSG

July 17, 2025
Buhari attends inauguration of Barrow of Gambia
Entertainment/sports

17-member committee for burial of Buhari

July 14, 2025
Lagos falls flat to APC
Economy/Technology

Lagos falls flat to APC

July 13, 2025
African intellectuals release letter to world, caution continent on selfness
Economy/Technology

Nigeria celebrates Soyinka at 91

July 13, 2025
China introduces new visa
Economy/Technology

Nigeria maintains issuance of 5-year visa to Americans

July 13, 2025
ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP
Energy

ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP

July 10, 2025
Next Post
NDIC gives hope to customers of Fortis Bank

NDIC gives hope to customers of Fortis Bank

Buhari inaugurates 17-storey building of NCDMB

Buhari inaugurates 17-storey building of NCDMB

Recommended Stories

“Naira-4-Dollar” getting results

Naira remains stable against dollar

August 6, 2022
Nigeria targets $1.2bn export capacity for every state

Nigeria exports $1.7bn goods to America

September 23, 2022
Osinbajo takes tradermoni to Lagos

Osinbajo takes tradermoni to Lagos

November 13, 2018

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Befitting honour for former President Buhari commendable – TMSG
  • 17-member committee for burial of Buhari
  • Lagos falls flat to APC

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us