The Lagos State Government says it recorded N50 billion cash transactions from the creative sector in the first three weeks of December.
Mr Steve Ayorinde, the state Commissioner for Information and Strategy, said in a statement on Thursday in Lagos that the figure was sourced from the reports monitored by the state government.
Ayorinde said that the peak in entertainment activities and the influx of people from neighboring states and the Diaspora on holiday visits impacted positively on the economy.
“Reports monitoring the current trends show multi-billion naira spending in hotel accommodations across the state.
“Alcohol and beverage consumption as well as culinary business; visits to resorts, parks, clubs and lounges, live theatre and cinemas; fees for musicians, their handlers and technical staff.
“It also includes ancillary…
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