Mr Muyiwa Akinyemi, the Deputy Managing Director, United Bank for Africa Plc, has advised the Federal Government to take advantage of the opportunities in the creative industry for sustainable export earnings.
Akinyemi gave the advice at the annual conference of the Finance Correspondents Association of Nigeria (FICAN) with the theme: “Boosting Domestic Capacity for Sustainable Export Earnings,” in Lagos.
He said that the country’s creative industry was the second biggest growing industry in the world spurred by the emerging digital trends in technology.
“Historically, some of us grew up in Nigeria with the groundnut pyramids in Kano, cocoa house in Ibadan and a few other places like that, but over time, when we discovered the black gold, we abandoned those our primary commodities.
“And what I see happening now is that we are moving to the third revolution of exports, ‘japa syndrome’. So, that is knowledge export that is happening right now and not only is it happening in that space, you also have a technology revolution as well.
“Innovation Hub in Yaba portends a large pool of intelligent guys building things in the Fintech and technology world that is not even recognised; but it’s a huge potential full of export business. We are in that technology space wherein Nigeria needs to take advantage of it,’’ he said.