Federal Government Unveils Creative Economy Fund, Paves Way for IP Monetization

 

Federal Government Backs Creative Sector with Fund and IP Monetization.

The Nigerian government is increasing its assistance, to the sector by introducing the Creative Economy Development Fund and launching the Intellectual Property Monetization Pilot program with approval from the Federal Executive Council These efforts are designed to open up possibilities for artists, filmmakers,musicians and creators, in Nigeria.The Creative Economy Fund provides support while the IP Monetization Pilot guarantees creators a way to profit from their intellectual property. This courageous step aims to solidify Nigeria's position as a hub of creativity by promoting innovation and safeguarding the rights of creators.


With the rise of digital content and artistic innovation in Nigeria, these initiatives provide crucial backing. Artists and entrepreneurs can now access funding and benefit from the protection of their ideas, ultimately driving growth in the country’s creative sectors. The government’s commitment to nurturing creativity signals a new dawn for those shaping Nigeria’s cultural identity.


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