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...
On Monday, Bayo Onanuga, the Director of Media and Publicity for the now-defunct Tinubu-Shettima Campaign Organization, took to his official Twitter handle to clarify that President Bola Tinubu's recent appointment of new Service Chiefs was not influenced by nepotism. As we may recall, Tinubu dismissed all previous service chiefs on the same day.
In response to accusations of nepotism, Onanuga clarified that the appointments of service chiefs were distributed across the significant geo-political regions of the country. He pointed out that Rear Admiral Emmanuel Ikechukwu Ogalla, Chief of Naval Staff, is from Enugu in the South East, and Maj. Gen. EPA Undiandeye, Chief of Defense Intelligence, hails from Obudu in the South-South. Onanuga also provided a breakdown of the state/region of service chiefs to support his point. He emphasized that before making accusations of nepotism against the Tinubu government, critics should conduct thorough research and gather all relevant information.
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