The Federal Government has announced over 600 million dollars in financing for Nigeria’s creative and digital industries, under its Investment in Digital and Creative Enterprises programme, known as iDICE.
Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this on Thursday, November 5th, at the opening of the 2026 Creative Africa Nexus Weekend in Lagos, explaining that the funding, facilitated through the Bank of Industry and the Office of the Vice-President, would support businesses across the creative and technology sectors.
The initiative targets industries including film, music, fashion, gaming, literature and digital technology, with the broader objective of attracting private investment, creating jobs and helping Nigerian businesses expand.
Vice-President Kashim Shettima, who represented President Bola Tinubu, described creativity as an emerging trade sector, urging participants to secure concrete investment and distribution deals.
The programme, valued at approximately 617 million dollars, is supported by international development finance institutions and the Federal Government.
The government says the broader ambition is to ensure more of the economic value generated by Nigeria’s creative exports remains within the country.
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