With a revenue generation of 29 billion naira from the Arts and culture sector in three years, the Director General, National Council for Arts and Culture, Otunba Segun Runsewe has said the sector is well placed to raise the Gross Domestic Product (GDP), of Nigeria.
Runsewe said the sector had created jobs for the ordinary man, most especially indirect jobs.
He said in 10 years’ time, arts and culture would take the place of oil in the country as it would raise the Gross Domestic Product and boost the economy.
He said the INAC EXPO offered various opportunities for trade and investment with a view to boosting the economic and social development.
He noted that this was the first time a Nigerian craft was having a network with the whole world hence.
Chairman, House of Representatives Committee on Culture and Tourism, Ogbeide-Ihama Omoregie urged the Federal Government to invest in the sector.