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Wale Tinubu: Nigeria’s Creativity Can Become Major Export Industry

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Group Chief Executive Officer of Oando Plc, Wale Tinubu, has called for a fundamental shift in the way Nigeria views its creative economy, arguing that the sector should be treated not merely as a cultural and entertainment asset but as a major export industry capable of generating jobs, foreign exchange and sustainable businesses.

Speaking at the US-Nigeria Council breakfast during the 81st United Nations General Assembly (UNGA 81), Tinubu identified Nigeria’s creative talent as one of the country’s existing but underdeveloped export opportunities.

According to him, Nigeria’s creative economy is currently valued at about $6.4 billion, while its music industry alone generated more than $600 million in 2024.

He further noted that Nigerian Afrobeats had recorded more than 2.2 billion global Spotify streams, underscoring the international demand for Nigerian creative content.

Tinubu said the figures demonstrated that Nigeria’s creative strength was already translating into global economic value, but argued that the country needed stronger investment and commercial structures to capture a greater share of that value.

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“We need to think about the creative arts differently: not just as culture and entertainment, but as an export industry,” he said.

He noted that the sector was particularly significant because of its capacity to create employment while earning foreign exchange and supporting a broad ecosystem of businesses, including music, film, fashion, digital content and other creative services.

Tinubu stressed that the next phase of growth should focus on building structures that enable creators to transform their talent into sustainable enterprises.

“The opportunity is to build the investment and commercial structures that enable our creators to retain more of the value they generate, build sustainable enterprises, and allow Nigeria to capture more of the value our talent is already creating globally,” he said.

The Oando chief executive described Nigeria’s creative output as more than a source of cultural influence, arguing that it should increasingly be recognised as an economic asset.

“Our creativity is cultural influence. It is also economic power,” he added.

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His comments come amid growing global visibility for Nigerian music, film, fashion and digital content, with Nigerian creators increasingly reaching international audiences and markets.

Tinubu’s intervention therefore places the creative economy within the broader conversation about Nigeria’s export diversification, suggesting that alongside traditional commodities, the country’s intellectual property, cultural products and creative talent could become increasingly important sources of foreign exchange and economic growth.

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Fasoranti’s family announces burial date for late Afenifere leader

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The family of Pa Reuben Famuyide Fasoranti, the late leader of the pan-Yoruba socio-political organisation, Afenifere,  has announced December 17, 2026, for the burial of the elder statesman, who died at the age of 100.

The burial arrangements were announced in a statement issued by Dr Taiwo Fasoranti on behalf of the family.

The family said the burial programme would begin with a Christian wake-keeping service on Wednesday, December 16, at the deceased’s residence in Akure, the Ondo State capital.

The funeral service and interment are scheduled for Thursday, December 17, at St. David’s Cathedral, Ijomu, Akure.

Fasoranti, a prominent Yoruba leader, nationalist and elder statesman, died at his residence in Akure on Tuesday.

His death has continued to draw tributes from  political leaders, associates and other Nigerians who acknowledged his contributions to the Yoruba nation and the country. 

According to the statement, the wake-keeping service will take place at the late patriarch’s residence within the Omolere Nursery and Primary School Compound, Akure.

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The statement said the funeral service would hold at St. David’s Cathedral, Ijomu, on Thursday, December 17, after which the remains of the deceased would be interred at the church cemetery.

It added that guests would be entertained at his residence immediately after the interment.

The family further announced that an outing and thanksgiving service would be held on Sunday, December 20, at St. David’s Cathedral, Ijomu, Akure, to conclude the burial programme.

Describing the deceased as a beloved patriarch, a foremost nationalist and a distinguished leader of Afenifere, the family said the burial arrangements were intended to honour his memory and celebrate his life of service.

The statement read, “The family of late Pa Reuben Famuyide Fasoranti, CFR, is pleased to announce the burial arrangements of our beloved patriarch, leader of Afenifere and foremost nationalist, who passed away at the age of 100 years.”

The family appealed to friends, associates, well-wishers and members of the public to support it with prayers and attend the funeral ceremonies in honour of the late elder statesman.

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“We request your prayers and presence as we honour the memory of a distinguished elder and patriot,” the statement added.

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NAFDAC uncovers suspected fake alcoholic  drinks storage facility in Lagos

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The National Agency for Food and Drug Administration and Control (NAFDAC) says its operatives have uncovered a facility used to store and distribute alcoholic drinks suspected to be intended for counterfeit production in the Agbado area of Lagos State.

Kunle Ojo, assistant director in the agency’s investigation and enforcement directorate, disclosed this in a video recorded during an enforcement operation at 322B Meiran Road, Agbado.

Ojo said the operation followed credible intelligence about suspected illicit activities at the location, which he described as a secluded residential area.

He said officials found different brands and sizes of alcoholic beverages, including products bearing the names of Royal Circle premium whisky, Action Bitters and Smirnoff, among others.

According to him, the products were allegedly being supplied to suspected counterfeiters for use in further production.
 

“We have credible intelligence that in this particular area, a very secluded area, where a lot of nefarious activities is taking place here. And that is why we are here this afternoon,” Ojo said, adding that the discovery of the products in a residential neighbourhood raised concerns about the activities taking place at the facility.

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“And like I said at the other side, this is residential area. And this is not acceptable to government, and we are here to safeguard the health of the nation,” he said.

The NAFDAC official urged Nigerians to report suspected cases of counterfeit products and other illicit activities to the agency’s offices.

“We are calling on all men and all women in Nigeria, please, when you see something taking place at your area, kindly notify the nearest NAFDAC office so that we can stop this menace, so that we can save our country from all these counterfeiters,” Ojo said.

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Good morning! Nigerian Newspapers Headlines: 2027 election: Tinubu eyes North’s 56 million voters

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1. President Bola Tinubu and leaders of the All Progressives Congress will on Saturday kick off the President’s re-election campaign in Kaduna State, as the ruling party intensifies efforts to secure support across the North, which accounts for 56.01 million of Nigeria’s 103.43 million registered voters.

With 31 state governors and other party chieftains expected at the campaign flag-off, the APC is banking on what its leaders describe as a growing consensus among northern stakeholders and voters to secure Tinubu’s re-election in 2027.

2.  A Department of State Services, DSS, operative yesterday told an Imo State High Court how 20 prospective National Youth Service Corps, NYSC, members were abducted at gunpoint while travelling to orientation camps, as hearing began in the case against three alleged kidnappers.

3. Former President Olusegun Obasanjo has said that President Bola Tinubu’s economic reforms, including the devaluation of the naira, worsened poverty in Nigeria. He spoke on Wednesday at the Financial Times Africa summit 2026 in London, United Kingdom, UK. According to him, the sharp decline in the naira’s value had impoverished Nigerians and contributed to the country’s position as the world’s poverty capital.

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4. The Civil Defence, Correctional, Fire and Immigration Services Board, CDCFIB, has asked candidates who reached the oral interview stage of its ongoing recruitment exercise to check the portal on October 28 to know their status. It said the portal will remain open until November 13.




5. The Federal Government has directed hospitals nationwide to prepare isolation beds and strengthen infection prevention measures as part of efforts to contain the Ebola outbreak, warning that 15 states are yet to update their response plans.

6. Former Vice-President Atiku Abubakar has demanded the immediate publication of the preliminary voters’ register, warning that the failure of the Independent National Electoral Commission to display the list online could undermine confidence in the 2027 general election. Atiku, in a statement on Thursday, said Nigerians were entitled to inspect the register, challenge questionable entries and correct omissions before the election.

7. The International Criminal Police Organisation has arrested two suspects in Nigeria in separate investigations into cybercrime, including an international investment fraud scheme linked to more than $2.4m in suspected criminal proceeds. The arrests were disclosed in a statement on Operation Serengeti III, a cybercrime enforcement operation.

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8. The Edo State Government has demolished buildings allegedly used for ritual activities and cult-related crimes following the arrest of two suspects in the state’s renewed crackdown on criminality. The government demolished a bungalow and four boys’ quarters at Uwalor-Oke in Uromi, allegedly used by a suspected ritualist, Ebhata Eromosele. Another building linked to cult-related activities in the Ewatto was also pulled down.

9. A collaborative, multi-pronged plan to ease the cost of living for Nigerians was unveiled yesterday after the National Economic Council (NEC) meeting. The Federal and state governments will work jointly to achieve the objectives of the plan, which is designed for implementation over 90 days. NEC, the highest economic policy coordination body of the government, is chaired by the Vice President and comprises members of the Federal Government’s economic team and state governors.

10. Three more states – Kaduna, Bayelsa, and Benue – have approved the proposed sixth alteration to the 1999 Constitution to provide for the establishment of State Police Services and Other Related Matters. The development brought the number of Houses of Assembly that have endorsed the State Police Bill to about 20. The Kaduna State House of Assembly unanimously endorsed proposed amendments to 15 sections of the 1999 Constitution to pave the way for the establishment of state police.

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