The federal government has announced the establishment of a one million dollar Venture Capital to boost the Creative Industry.
The Minister of Information and Culture, Alhaji Lai made the announcement at the opening of a two-day Creative Industry Financing Conference holding in Lagos.
Advertisement
According to him, 20 people, each investing 50,000 dollars are expected to help make up the required amount.
The minister said so far, five people had volunteered to invest 50,000 dollars each, and expressed the optimism that more investors would come forward.
Mohammed said the Venture Capital would provide seed money for young and talented Nigerians to set up businesses in the Creative Industry.
Advertisement
