WITTY GLOBAL BLOGS | THURSDAY FLAGSHIP EDITION Africa's $2 Billion Creative Economy Financing Push: What Nigerian Filmmakers, Musicians and Digital Creators Need to Know By Itoro Uwah | Thursday, November 12, 2026 CREATIVE ECONOMY | BUSINESS | TECHNOLOGY | INVESTMENT LAGOS, NIGERIA — Africa's creative economy is attracting renewed attention from development financiers and policymakers, following the Creative Africa Nexus (CANEX) WKND 2026 gathering in Lagos from November 5 to 8. Organised by the African Export-Import Bank (Afreximbank) and hosted by Nigeria, the gathering brought together creative entrepreneurs, investors, policymakers and cultural-industry professionals to explore financing, intellectual property, technology and market access. Afreximbank's CANEX financing ambition has expanded to $2 billion, reflecting a growing institutional effort to support African cultural and creative enterprises. However, the figure must be understood correctly...
• NEC expels Arambabi Abayomi, suspends eight others over anti-party activities
The Presidential Candidate of the Labour Party (LP), Peter Obi, has urged Nigerians to remain calm and steadfast in reclaiming the mandate of a New Nigeria.
A statement by the Obi/Datti media team said Obi, in spirit-lifting words to Nigerians, particularly the Obidients, noted that he will never give up on the journey until victory is achieved. The LP Presidential candidate, who spoke in Asaba while addressing the National Executive Committee, NEC of the party, said he never expected the journey to a new Nigeria to be an easy one, saying that the forces who had, over the years, lived off the old order, were bound to fight back, as is being experienced now.
Underscoring the determination of the group involved in this project to resist intimidation or harassment of any kind and from any quarter, Obi said, "If they come at us through land, air, and sea, we will respond to them through land, air, and sea, but we will remain law abiding and will never give up on the nation.
"We are on the right path and will remain committed to the course,".
The former Anambra state Governor reiterated his commitment to a 'Nigeria that will benefit every Nigerian, as he maintained that the struggle to reclaim the mandate was not about him, as a person, but about millions of Nigerians who reposed their trust in him through their votes.
"The millions of Nigerians who voted for me did not just cast their votes but also invested their hope in me. They deserve justice. So we must stay the course. And beyond regaining our mandate, I am committed to lifting people out of poverty. I remain committed to transforming Nigeria, starting from the North to every part of the nation,"
He further revealed that there may be more mud slinging on him from those who are against the emergence of the New Nigeria, but noted that he would never be deterred by the obstacles along the way to victory.
Meanwhile, NEC on Tuesday wielded the big stick as it reaffirmed and upheld the decision of the Akure convention, which expelled from the party its former publicity secretary, Comrade Arabambi Abayomi. It also suspended seven National Working Committee members.
A statement signed by Deputy National Chairman Comrade Ladi Eliya and Dep. National Secretary Prince Kennedy Ahanotu listed the suspended NWC members as Lamidi Apapa, Alhaji Salem Lawal, Prince Favour Reuben, Gbenga Daramola, Samuel Akingbade and Mohammed Akali.
The statement indicated that after NEC examined the anti-party activities of some of its members in Session, it resolved to take punitive measures. "NEC considered the disciplinary committee report, which recommended the suspension of Anslem Eragbe and recommended the same to the following convention for expulsion. Pending the following way, NEC will suspend him indefinitely.
The NEC, in Session, according to the statement, constituted a disciplinary Committee to include Ladi Illiya, Rotimi Adekunle, Prince Kennedy Ahanotu, Yunusa Tanko andChief Tony EzeagwuIt also went ahead in line with the powers conferred on it to fill the vacant positions of the National Youth Leader with Prince Kennedy Ahanotu, Ag. National Publicity Secretary with Mr Obiora Ifoh, Ag. National Legal Adviser with Barr. Edun Kehinde, Ag. Deputy National Secretary with Chief Rotimi Kehindeand Ag. 'National Vice Chairman (South/South) with Chief Anthony Ezeagwu.
The National Executive Council (NEC) critically evaluated the 2023 general elections in the Session. It noted that the Independent National Electoral Commission (INEC) could not transmit election results in real-time from the polling units, giving room for massive manipulation of results.
"Labour Party noted and condemned the use of security agencies by government officials, particularly by politicians, to harass, intimidate, and buy votes, which essentially compromised the election outcome.
It also condemned the use of thugs and the reintroduction of ballot snatching and writing of results in the collation centre as a dangerous trend in our democratic process.
It stated that the trend might slide the country into a civilian dictatorship. "NEC in session note that civilian dictatorship is worse than a military dictatorship."
It appealed to the judiciary to always be on the people's part by promoting acts that enhance democracy, fundamental freedom, the rule of law, and the doctrine of separation of powers.
The NEC, in Session, considered the expiration of the current National Working Committee that will lapse in June and stated that it is most inappropriate to convene a National Convention.
This is indicated, given recent events in the party, considering the controversies and bad blood generated by elective convention, conscious of the numerous court cases, Presidential, Governorship, Senatorial, and House of Assemblies, the need to remain focused and reorganize the party.
Comments