The Minister of Information and Culture, Alhaji Lai Mohammed said on Thursday in Lagos that the Federal Government was prepared to explore and exploit tourism as its new oil.
The minister said this at a news briefing he addressed to officially announce the forthcoming Creative Industry Financing Conference slated for July 13 and July 14 in Lagos.
Mohammed said that the government attached importance to the Creative Industry in line with its cardinal programme of diversifying the economy away from oil.
He said that the other sectors being developed into pillars of the economy included Agriculture and Solid Minerals.
“To those who may still be wondering what is in the Creative Industry? My answer is that it is Nigeria’s new oil.
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