Expert asks FG to establish Bank for Art, Creative Industry

A renowned female creative artist, Aminat Olajide, has challenged the Federal Government to establish a specialized bank for creatives, similar to those supporting agriculture and industry, in order to provide financial lifelines and propel Nigeria’s youth-driven creative sector into a global powerhouse.

Olajide, who is the CEO of Artitude 2.0, made the call in Abeokuta, Ogun State, at the unveiling of her new art hub in the city.

Aminat explained that such a bank would help empower young artists, designers, writers, musicians, and other creatives to scale their businesses, create jobs, and boost the nation’s economy.

While appreciating the Ogun State Government for fostering an environment that allows businesses to flourish, Aminat noted that more support is needed to close the unemployment gap and empower young people and entrepreneurs.

She said, “Yes, I’m not sure there’s anything like a bank for creatives. I mean, we’ve seen the Bank of Industry and Bank of Agriculture. But if the government can actually create something like a bank for creatives, we can take our proposals to them and they will better understand and key into them, unlike other banks.

“You see people in agriculture winning a lot of grants because, of course, it involves feeding and all of that. But there are lots that we are all doing in our various industries that the government should look into, key into, and help put a spotlight on us.”

Speaking earlier at the event, the Chairman of the Nigerian Institute of Public Relations (NIPR), Ogun State Chapter, Mrs. Oluwaseun Boye, advocated convenient policies and tax-free holidays for young, growing, and small businesses.

Boye bemoaned the ‘get-rich-quick’ syndrome gripping Nigerian youths, stressing that government support should prioritize passionate, hardworking entrepreneurs building legitimate businesses.

She said, “The government can create an enabling environment. Let’s have tax-free holidays for growing businesses to thrive, especially young businesses, sole proprietorships, small-scale businesses, and many others.”

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