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FG to Bring Culture, Tourism Sectors into Mainstream of Economy – Minister

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Alhaji Lai Mohammed, minister of information and Culture
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Alhaji Lai Mohammed, minister of Information and Culture, has said the Federal Government is working hard to bring the culture and tourism sectors into the mainstream of the nation’s economy.

The Minister, who stated this in Lagos on Sunday at a meeting with Arts, Culture and Tourism Correspondents, said the sectors are among those that have been identified as key to the government’s economic diversification programme.

“As you are very much aware, this Administration is diversifying the economy away from oil, which for many years has been the mainstay of our economy. Among the sectors that have been identified as veritable sources of revenue for the nation are the Arts, Culture and Tourism Sectors.

”This is why we in the Ministry of Information and Culture are working hard to move these sectors from the margins to the mainstream, and ensure that the rural poor in particular are factored into the Sector’s architecture,” he said.

Alhaji Mohammed said special attention will be paid to the capacity building of culture and tourism managers in a deliberate effort torevive the nation’s creative arts, boost tourism and create employment for Nigerians, particularly the rural dwellers.

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“Working with various local and international partners, including the Tony Elumelu Foundation and the British Council, we are mapping our creative arts, by which we mean pottery, weaving, dyeing, sculpturing, etc, with a view to reviving them massively through capacity building for those involved and the provision of loans. We believe this will not only create hundreds of thousands of jobs, thus keeping our people meaningfully engaged, it will also become money spinners for the economy and stem the rural-urban migration,” he said.

Alhaji Mohammed identified the non-involvement of local communities in the tourism and culture architecture as one of the banes of the sector and promised to reverse the trend through the training of the locals on specific skills that will enable them to participate actively in the tourism and culture economy.

In addition, he said a multi-sectoral approach is critical in order to address the multifaceted challenges facing the sectors, while giving an assurance that the present Administration has mustered the political will to tackle those challenges.

“We are not naive enough to believe that repositioning these critical sectors will be a walk in the park. We do know, for example, that tourism is a multi-sectoral issue that involves easier access to visas, provision of necessary infrastructure like roads, adequate security, etc. This is why we have decided to call a National Summit on Culture and Tourism, which is scheduled for April 27th to 29th 2016 in Abuja, with a view to charting the path forward.

”We are aware that similar efforts have been made in the past, without an appreciable result. The difference this time is our commitment and the different milieu provided by the national imperative to diversify the economy, amidst the crash in the price of oil,” the Minister said.

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Alhaji Mohammed therefore solicited the support and cooperation of the media to achieve the goal of repositioning the tourism and culture sectors into the main pillars of the economy because of its potential to generate wealth and create jobs.

 

 

 

 

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Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

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New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.

Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.

For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.

CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”

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Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.

Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.

Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”

The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.

That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.

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NCAA to Introduce RFID Technology to Tackle Missing Luggages

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Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

NCAA to Introduce RFID Technology to Tackle Missing Luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.

Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.

According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.

Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.

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Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.

He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.

The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.

The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.

The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.

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Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

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eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.

In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”

Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.

However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.

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She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.

Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.

“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.

Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.

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