Business

Heritage Bank, US, NCMM support in positioning creative industry as alternative to crude oil

257

[dropcap]H[/dropcap]eritage Bank Plc is fast stimulating economic diversification through support for the Nigerian creative industry towards sustainable, persistent growth as alternative to crude oil.

The MD/CEO of the bank, Ifie Sekibo yesterday stated this at the Exhibition Gallery of National Museum Benin by the National Commission for Museums and Monuments (NCMM) in collaboration with the Edo State Government, and the Smithsonian Institute, United States of America, which Heritage Bank was the lead sponsors.

The exhibition focused on photographic works of Chief Solomon Alonge, photographer to Royal Court of Benin kingdom during the reign of Oba Akenzua II.

Represented by the Executive Director, Jude Monye, affirmed, “the art and culture industry has become one of the major contributors to so many countries gross domestic products (GDP) and Heritage Bank is committed to supporting it because it is part of Nigeria’s heritage.”

According to him, Heritage Bank has continued to make efforts in supporting ideologies like this, using arts as a tool to promote cultural awareness and to help younger Nigerians form a strong sense of National identity.

He assured that the bank would always be driven by cultural heritage in delivering distinctive financial services to create, preserve and transfer wealth.

In his presentation, the Minister of Information and Culture, Alhaji Lai Mohammed, called on states to emulate Edo in collaborating with the federal government to promote culture, tourism and the arts.

The minister, who was represented by Director General, National Commission for Museums and Monuments, Yusuf Usman, said synergy amongst corporate bodies, states and the federal government would guarantee diversification of Nigeria’s economy whilst showcasing its rich culture.

He commended Heritage Bank, Smithsonian Institute, US Embassy and others for the exceptional supports in making a huge success of the Exhibition Gallery at the National Museum Benin by the NCMM.

Edo State, Gov Godwin Obaseki, while appreciating the Smithsonian Institution, said the exhibition would add to state’s quest to develop tourism as it makes a connection between past and present.

The governor said art was assuming a wider national importance and the possibility of it being developed as a self-sustaining alternative to oil revenue was now being appreciated across the country.

Earlier, US Ambassador to Nigeria Mr. Stuart Symington described the occasion as historic to both Nigeria and America.

The Director Emerita, Smithsonian’s National Museum of African Art, USA, Dr. Johnnetta Cole, said that the exhibition was first in Africa and to showcase the rich culture of Benin kingdom.

The Oba of Benin, Omo N’ Oba N’ Edo Uku Akpolokpolo, Ewure II, said Benin artworks are largely rituals, some are used for recording history, to place on record events that happened in different periods in Benin History.

A representative of the Oba, the Iyase of Benin Kingdom, Chief Sam Igbe, said the Benin artworks gained prominence in Europe in 1897 after the Kingdom was attacked by the British soldiers, who later took the artworks to Europe.

The high point of the event was the launching of the book “Fragile Legacies,” the photographs of Solomon Osagie Alonge, and a tour of the exhibition area by governor Obaseki.

Leave a comment

Related Articles

UBA to empower MSME’s with wealth management strategies at its ‘Built to Last’ series

As part of its commitment to deepen the growth and sustainability of...

FirstBank Hosts First-ever China-Africa Interbank Association Forum

FirstBank, the premier West African financial institution and financial inclusion service provider,...

UBA to raise N239.4bln via right issues – Elumelu

The Group Chairman of United Bank for Africa, Tony Elumelu, has announced...

Nigeria’s Domestic Debt Reaches N66.957trn in H1 2024

Nigeria’s domestic debt stock has surged to N66.957 trillion in the first...

China’s imports from Nigeria soar to $15.1bln, 36.1% increase

China’s imports from Nigeria have reached an all-time high of $15.1 billion...

Bitcoin Surges to New High on Trump’s Presidential Victory

The price of bitcoin has skyrocketed to a record high of $75,345,...

Polaris Bank wins “Best Mobile App” award at Digital Jurist Awards 2024

For its commitment to digital innovation and excellence, Polaris Bank has again...

SanDisk extreme portable SSD: A must-have for Nigerian remote workers, freelancers

Julius Babarinde As the Nigerian work environment continues to evolve, remote work...

Media capacity-building: Polaris Bank trains 5,000 Nigerian journalists in 10 years

As part of its media capacity-building initiative, Polaris Bank Limited, Nigeria’s leading...

Nigeria to issue diaspora bond in US, targets $1bln monthly remittances

Nigeria is planning to issue a diaspora bond in the United States...

System upgrade: FirstBank enhances supplier’s platform, guarantees uninterrupted, seamless services

FirstBank has reacted to a misleading report circulating in the media regarding...

Reps to CBN: Withdraw old naira notes before December 31 deadline

The House of Representatives has called on the Central Bank of Nigeria...

US-Nigeria trade relationship hits $10bln mark

The United States and Nigeria have achieved a remarkable milestone in their...

NNPC Retail Sensitizes Auto Mechanics on CNG Adoption, Unveils Oleum Lubricant Range

NNPC Retail Limited, a subsidiary of NNPC Ltd, has taken a significant...

Aliko Dangote’s wealth soars to $28bln as his oil refinery comes on stream

Aliko Dangote, Africa’s richest man, has seen his wealth more than double...

Naira Defies Global Trends, Appreciates 5.7% Against Dollar

The Nigerian naira staged a surprising comeback on Monday, appreciating 5.7 percent...

Naira appreciates 4.49% against the dollar, closing at N1,561.76

The Nigerian naira strengthened significantly against the US dollar on Tuesday, closing...

Nigeria’s foreign investment surges by 152% in Q2 of 2024

Nigeria’s foreign investments, also known as capital importation, have seen a significant...

African oil-producing nations secure 45% of $5bln Energy Bank funds

Afnations have made significant progress in establishing the Africa Energy Bank (AEB),...

FG’s fresh fiscal incentives to attract $10bln to oil and gas sector – Edun

The Federal Government unveiled fresh fiscal incentives to enhance Nigeria’s oil and...