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Nigeria, EU Seal €20 Million Pact to Power Cultural and Creative Sectors

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Nigeria and EU Sign €20 Million Deal to Strengthen Creative Economy and Cultural Infrastructure

Nigeria and the European Union have signed a €20 million agreement to enhance the country’s cultural and creative sectors, focusing on museums, film festivals, and digital innovation. The strategic partnership aims to unlock the economic potential of Nigeria’s vibrant cultural heritage while fostering social cohesion and job creation.

The agreement was formally announced during a high-level visit by the EU delegation, led by Ambassador Gautier Mignot, Head of the EU Delegation to Nigeria and ECOWAS, to Nigeria’s Minister of Arts, Culture, Tourism, and the Creative Economy in Abuja.

According to the statement, the initiative is part of a shared vision to position culture as a powerful tool for economic development, youth empowerment, and national unity. It emphasizes international collaboration to expand access to digital opportunities, upgrade cultural infrastructure, and promote inclusivity across Nigeria’s creative landscape.

As part of the programme, the Nigerian government will produce a “Unity Song” featuring top local artists to promote peace, national identity, and social harmony—particularly in light of ongoing security challenges.

Plans are also underway for a Creative Economy Summit, which will gather stakeholders from across Nigeria’s arts, culture, and entertainment sectors. The summit will focus on investment opportunities, data-driven policy development, and cross-sector collaboration to scale the industry.

Minister Hannatu Musa Musawa noted that a cultural data-mapping initiative is already in progress to help guide targeted interventions and optimize the impact of future projects. “Understanding the full scope of our creative ecosystem is crucial to building sustainable policies that work,” she said.

Both the EU and Nigerian officials reaffirmed their commitment to building capacity, expanding digital literacy, and supporting infrastructure development in alignment with local needs and global standards.

This funding marks a significant milestone in Nigeria’s efforts to transform its creative industries into a major driver of GDP growth, youth employment, and global cultural influence.

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Discover Life-Changing Digital Products You Can Buy Today on Selar

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In today’s world, knowledge is power—and the people who succeed are those who invest in themselves. Whether it’s learning a new skill, starting a side hustle, improving your finances, or building a healthier lifestyle, the right digital product can open doors to opportunities you never imagined.

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Final Thoughts

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We are Hiring: Social Media Growth Ambassadors (2 Positions)

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Remote | Part-Time or Flexible Hours

Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!

Role Overview:

We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.

Key Responsibilities:

  • Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X

  • Share daily job updates, business news, and smart money tips from the website

  • Drive website traffic using content, trends, reels, and referral links

  • Respond to DMs/comments and convert viewers into website visitors

  • Provide weekly reports on reach, impressions, and traffic performance

What You’ll Need:

  • A strong presence on social media (min. 2,500 followers on at least one platform)

  • Great communication skills and social media creativity

  • Consistency and accountability

  • Passion for helping people grow their careers or income

What You’ll Get:

  • Monthly stipend + performance-based bonus

  • Opportunity to grow your personal brand with us

  • Free digital training + content materials

  • Certificate of Digital Advocacy (upon successful campaign)

How to Apply:

Send us a message with:

  1. Your full name

  2. Link to your active social media profiles

  3. Short message on why you are the perfect fit

  4. Screenshot of your past engaging post (if available)

Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025

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NEXIM Bank and SMEDAN Partner to Strengthen SME Export Capacity Nationwide

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NEXIM Bank and SMEDAN Sign Landmark MoU to Boost SME Export Growth in Nigeria

In a bold move to strengthen Nigeria’s small business ecosystem, the Nigerian Export-Import Bank (NEXIM) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at accelerating the growth and global competitiveness of Small and Medium Enterprises (SMEs) across the country.

 A Strategic Partnership for Economic Transformation

This MoU formalizes a strategic alliance between NEXIM and SMEDAN, focusing on:

  • Export financing and access to global markets

  • Tailored financial products for SMEs

  • Capacity-building and training programs

  • Promotion of Made-in-Nigeria products internationally

The collaboration is expected to streamline trade facilitation and offer Nigerian SMEs the tools and support needed to thrive in international value chains.

 Empowering SMEs for Global Competitiveness

Speaking at the signing ceremony, Abba Bello, Managing Director/CEO of NEXIM Bank, emphasized the significance of this partnership in preparing Nigerian SMEs to compete globally, particularly under the African Continental Free Trade Agreement (AfCFTA).

“This collaboration with SMEDAN is a critical step in our mission to empower Nigerian SMEs. By combining our financial instruments with SMEDAN’s development expertise, we are creating a robust support framework that enables small businesses to scale and succeed in export markets,” Bello said.

 Removing Barriers and Unlocking Opportunities

On his part, Charles Odii, Director-General of SMEDAN, noted that the agreement will help eliminate major hurdles that have long hindered SMEs from tapping into international markets.

“Our goal is to ensure Nigerian SMEs have not just the skills but also the financial backing to grow. This MoU with NEXIM Bank paves the way for real participation in global trade,” Odii remarked.

He also outlined key focus areas of the collaboration:

  • Providing export-oriented financing solutions

  • Offering expert training and advisory services

  • Simplifying export processes for MSMEs

🇳🇬 Aligning with Nigeria’s Economic Diversification Agenda

This partnership supports the federal government’s broader vision of economic diversification and inclusive growth, particularly through public-private partnerships that empower micro, small, and medium-sized enterprises (MSMEs).

 About the Agencies

NEXIM Bank, established under Act 38 of 1991, is Nigeria’s official Export Credit Agency, providing financing, risk management, and advisory services to support the development of non-oil exports.

SMEDAN, created by the SMIDA Act of 2003, is the federal government’s leading institution tasked with fostering the growth, sustainability, and global competitiveness of MSMEs across Nigeria.

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