Afrobeats Certified as Nigeria Fastest Growing Cultural Export Worth 2.7 Billion Dollars
A major report by the Nigeria Export Promotion Council has certified Afrobeats as Nigeria's fastest-growing cultural export, generating $2.7 billion in foreign exchange earnings in...
A major report by the Nigeria Export Promotion Council has certified Afrobeats as Nigeria’s fastest-growing cultural export, generating $2.7 billion in foreign exchange earnings in the most recent fiscal year.
Nigerian music accounted for 8 percent of global music streaming in the past year, up from 1.2 percent five years ago.
Arts and Culture Minister Hannatu Musawa said the government would establish a dedicated creative economy fund to support music, film, fashion and digital content creators.
The report recommended the establishment of a Nigerian music rights organisation to ensure artists receive proper royalties from international platforms.
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