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Reading: DYK: FG and Chocolate City Partner to Cultivate Creative Economy
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DYK: FG and Chocolate City Partner to Cultivate Creative Economy

Genesis Obong
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Genesis Obong
ByGenesis Obong
Genesis Obong is a Journalist with relevant experience in Business, Finance and Economic matters in Nigeria and across the West African space.
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Published: 2025/04/20
5 Min Read
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Nigeria creative economy
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To reshape Nigeria’s cultural landscape and bolster its economic diversification efforts, the Federal Ministry of Arts, Culture, Tourism, and Creative Economy has entered into a groundbreaking three-year Memorandum of Understanding (MoU) with the Chocolate City Group, a leading force in the nation’s entertainment sector. The agreement, formalized on in Abuja, signals a powerful public-private collaboration aimed at accelerating the development of vital creative infrastructure and realizing Nigeria’s ambition to become the cultural epicenter of Africa.

This strategic alliance will see the Ministry and Chocolate City jointly undertake a range of crucial initiatives. These include the development of state-of-the-art live performance venues across the country, a concerted effort to identify and nurture burgeoning creative talent, the expansion of global distribution networks for Nigerian artistic content, and the strengthening of intellectual property protections – a long-standing challenge within the industry.

Hannatu Musa Musawa, the Minister of Arts, Culture, Tourism, and the Creative Economy, underscored the immense potential inherent in Nigeria’s creative industries. Signing the MoU on behalf of the federal government, she stated, “Nigeria’s creative industries represent one of our greatest untapped economic resources. This partnership with Chocolate City exemplifies our commitment to harnessing the power of public-private collaboration to build sustainable creative ecosystems that empower Nigerian talent and showcase our cultural wealth globally.”

The initiative arrives at a critical juncture as the Nigerian government increasingly looks towards the creative sector as a key driver of economic growth, offering a pathway to diversify away from the nation’s reliance on oil revenues. Analysts suggest that a thriving creative economy could contribute significantly to the nation’s GDP and create substantial employment opportunities.

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Audu Maikori, Co-Founder and Chairman of Chocolate City Group, hailed the agreement as both timely and essential for the industry’s continued expansion. “Afrobeats has emerged as Nigeria’s most powerful cultural ambassador,” Maikori affirmed. “Beyond this, Afrobeats also serves as a powerful cultural export and diplomatic resource, enhancing Nigeria’s global reputation.”

Highlighting the economic might of the music industry alone, Maikori pointed out its roughly $2 billion annual contribution to the $26 billion global music market. He emphasized the critical need for improved infrastructure and institutional support to unlock the sector’s full potential. “By working with the government, we can address long-standing challenges in distribution, infrastructure, and rights protection that have limited the sector’s full potential,” he added.

Paul Okeugo, Co-Founder and Vice Chairman of Chocolate City, further elaborated on the partnership’s potential to provide clarity and impetus to ongoing federal reforms aimed at the creative space. “When we develop performance venues and creative spaces across Nigeria, we’re creating jobs not just for artists but for sound engineers, event managers, security personnel, hospitality workers, and countless others,” Okeugo explained, emphasizing the broader economic impact of such infrastructure development.

Read Also: Afrobeats Fuels 49% Surge in Nigeria’s Music Exports

The newly forged MoU aligns seamlessly with “Nigeria Destination 2030,” a comprehensive federal initiative with the ambitious goal of positioning Nigeria as a premier global destination for tourism, investment, and cultural exchange by the end of the decade. This broader program encompasses strategic infrastructure development, crucial policy reforms, and the cultivation of strategic partnerships, all geared towards showcasing Nigeria’s rich cultural heritage and burgeoning creative capabilities on the world stage.

Established in 2005, Chocolate City Group has evolved into a multifaceted entertainment powerhouse, extending its reach beyond a traditional music label to encompass production, artist management, publishing, and consultancy services. The company has played a pivotal role in the ascent of numerous Nigerian music icons, including Femi Kuti, Ice Prince, and Blaqbonez, significantly contributing to the increasing international prominence of Nigerian music.

To ensure the effective implementation of the MoU, a Joint Working Committee, comprising representatives from both the Ministry and Chocolate City, will be established. This committee will be responsible for guiding the collaborative efforts and identifying key priority projects to drive the partnership’s objectives forward.

This landmark collaboration between the Nigerian government and a key industry player like Chocolate City holds immense promise for the future of Nigeria’s creative economy. By strategically investing in infrastructure, nurturing talent, and strengthening the ecosystem, Nigeria is taking decisive steps towards realizing its cultural and economic potential on the African continent and beyond.

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TAGGED:Afrobeatschocolate citycreative economycultural developmentcultural infrastructureentertainment industryNigeriaNigeria Destination 2030Public Private Partnershiptalent development.
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