Ufot Urges Inclusive Financing to Unlock Creative Economy

U Udeme Ufot, the group managing director of Mighty Media Plus Network Limited, emphasized the need for inclusive financing to unlock Nigeria's creative economy at the QEDNG Powerhouse Summit in Lagos. He highlighted the importance of intentional and responsive financing as a critical catalyst for the sector's growth, urging stakeholders to move beyond rhetoric to concrete action.

Despite the abundance of talent and economic value in the creative industry, a lack of sustainable and strategic funding remains a significant roadblock. Ufot stressed the need for smart, flexible financing tailored to creative enterprises, protecting intellectual property, stimulating job creation, and rewarding innovation.

He also emphasized the importance of creatives investing in personal development and financial literacy to reassure investors and effectively manage funds. The summit aimed to address the persistent funding challenges faced by the sector and promote a thriving creative economy in Nigeria.