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  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...

"Political Turmoil in Rivers State: Governor Fubara's Suspension Sparks Calls for Reconciliation Amid Emergency Rule"

 Since President Bola Ahmed Tinubu declared a state of emergency in Rivers State on March 18, 2025, the political landscape has been tumultuous. The suspension of Governor Siminalayi Fubara, his deputy Prof. Ngozi Odu, and the entire legislative arm has raised concerns about the state's governance and economic stability. This emergency rule, which was implemented to address what Tinubu described as "months of intense political instability," has led to a significant power vacuum and unrest in the region.




Political Dynamics and Attempts at Reconciliation

In the wake of his suspension, Fubara has actively sought to mend fences with his political mentor, Nyesom Wike, the current Minister of the Federal Capital Territory. Reports indicate that on April 18, Fubara met with Wike in Abuja, accompanied by notable Yoruba political leaders, including Governor Dapo Abiodun of Ogun State and former Governor Segun Osoba. This strategic choice to involve Yoruba leaders rather than local elders from Rivers State suggests a calculated move to distance himself from those perceived as exacerbating the conflict between him and Wike[5].

The political crisis in Rivers State has roots in a power struggle that intensified after Fubara's controversial decision to demolish the state House of Assembly complex in December 2023. This act led to several defections among lawmakers loyal to Wike, further complicating the political landscape. The Supreme Court's ruling in February 2025, which upheld the legitimacy of these defectors, underscored the precariousness of Fubara's position and the state's governance[5].

Negotiations with the Presidency

Recent developments suggest that Fubara may be on the verge of regaining his position. Following a private meeting with President Tinubu during the latter's retreat in Europe, Fubara reportedly pledged to make concessions to ease the political tensions in Rivers State. Sources indicate that negotiations are ongoing, and there is optimism that Fubara's suspension could be lifted before the six-month deadline set by the emergency rule.

The political implications of Fubara's potential return are significant. If he switched allegiance from the opposition Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC), it could bolster Tinubu's chances in the region, which is critical for the ruling party's electoral strategy.

Public Sentiment and Legal Challenges

The declaration of a state of emergency has not been without controversy. Opposition governors from several PDP-controlled states have challenged the legality of Tinubu's actions in the Supreme Court, arguing that the president overstepped his constitutional authority. Critics, including former President Goodluck Jonathan and Nobel Laureate Wole Soyinka, have condemned the emergency rule as excessive and detrimental to Nigeria's democratic fabric[4].

As the political situation evolves, public sentiment remains divided. Many citizens are concerned about the implications of prolonged political instability on the economy and social cohesion in Rivers State. The absence of a functioning legislature has stalled critical governance processes, including the passage of the annual budget, further exacerbating the challenges the state's residents face.s

The unfolding political drama in Rivers State highlights the complexities of Nigerian governance and the delicate balance of power among its political actors. As negotiations continue and public pressure mounts, the future of Governor Fubara and the state's political stability hangs in the balance.

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