Sanwo-Olu Announces FG’s Nationwide Creative Villages Initiative Amid N16.6 Billion State Debt
By Trek Africa Newspaper
The Federal Government plans to establish creative villages of arts in all states, Lagos Governor Babajide Sanwo-Olu announced after the National Economic Council (NEC) meeting.
Lagos Governor Babajide Sanwo-Olu announced that the Ministry of Arts, Culture, Tourism, and Creative Economy plans to create “Renewed Hope Creative Villages” at historic sites across Nigeria.
The initiative aims to transform these locations into creative hubs, generating jobs and promoting the creative industry.
Finance Minister Wale Edun announced that states owe the Federal Government N16.6 billion.
As of December 10, the Excess Crude Account had $424 million, while the Stabilisation and Natural Resources Accounts held N33.3 billion and N23 billion, respectively. States currently have N363.4 billion in surpluses.
