Driving Nigeria’s Creative Economy: Seeking Transaction Advisory for NFI Upgrade and PPP Film Studio
The Federal Government of Nigeria (FGN) has initiated a significant stride towards bolstering its digital and creative industries, announcing a Request for Expressions of Interest (REOI) for Transaction Advisory Services. This vital engagement is centered on two pivotal projects: the comprehensive upgrading of the Nigeria Film Institute (NFI) and the establishment of a state-of-the-art Public Private Partnership (PPP) Film Studio. This ambitious undertaking is a core part of the Investment in Digital and Creative Enterprises (iDICE) Programme, a strategic national initiative designed to unlock new opportunities within Nigeria’s burgeoning creative and technology sectors, backed by substantial international financing.
The iDICE Programme: Catalyzing Nigeria’s Digital and Creative Transformation
The iDICE Programme, supported by critical funding from the African Development Bank (AfDB) under Financing Agreement reference 2000200005160, Agence Française de Développement (AFD), and the Islamic Development Bank (IsDB), carries the Project ID No. P-NG-K00-009. Its fundamental objective is to ignite entrepreneurship, stimulate innovation, create substantial employment opportunities, enhance social development, and drive comprehensive economic transformation across Nigeria. This is achieved by meticulously fostering growth within the dynamic digital technology and creative ecosystem, leveraging existing infrastructure, and ensuring cohesive integration with other ongoing initiatives in the country. The iDICE Programme is strategically structured into three major components, each addressing distinct gaps and building upon existing strengths within Nigeria’s technology and creative landscapes. Significantly, Component 1 of the Programme focuses squarely on enterprise and skills development, a direct synergy with the NFI upgrade and the PPP Film Studio project, aiming to cultivate a highly skilled workforce and robust creative infrastructure crucial for the nation’s creative aspirations.
This call for Transaction Advisory Services presents a unique opportunity for expert consultants to play an instrumental role in a landmark initiative poised to redefine Nigeria’s creative and digital future. The successful upgrade of the NFI and the establishment of a cutting-edge PPP Film Studio will not only inject significant economic value and create numerous jobs but will also solidify Nigeria’s position as a powerhouse for film, digital content, and creative innovation across Africa and globally. This project underscores the nation’s commitment to nurturing its vast talent pool and fostering a thriving creative economy.
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