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...
Adewale Adeniyi, the Acting Comptroller-General of the Nigeria Customs Service (NCS), has revealed that Nigerian importers will soon be able to clear their goods from ports in Cotonou, Benin Republic.
Adeniyi disclosed this following a two-day meeting between senior customs officials from Nigeria and Benin Republic. At the high-level meeting, agreements were reached to boost trade relations and combat smuggling.
Adewale said, "We are building confidence in the system offered by the Republic of Benin; our importers are using their ports, and vice versa. If people in the Benin Republic want to use our ports, we trust trust in our systems.
"And by this agreement, it means that Nigerian importers willing to use the ports in Cotonou can have their goods cleared in those ports because there would be an opportunity for them to pay duties on goods that are liable for payment of duties.
"We can account for the duties on those goods in the ports of arrival. So they will now be free to enter Nigeria,
He addressed the high case of vehicle smuggling within that route: "It goes beyond vehicles. Any goods arriving in Cotonou, or the duty can be accessed, payment can be made, and the Nigeriano the Nigerian territory.
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