Business

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

177

[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

Netflix raises subscription fees in Nigeria, the second in three months

by Ramlat Ibrahim Netflix has again announced another tariff hike for its...

Exciting prizes up for grabs with FirstBank Visa Gold and Visa Infinite Cards in 2024 summer campaign

First Bank, the West African premier financial institution and financial inclusion services...

Transcorp Hotels achieve 188 percent growth in 2024 half year

Transcorp Hotels, the hospitality subsidiary of one of Africa’s leading listed conglomerates,...

Why FG injected N1trn palliatives into manufacturing sector – Finance Minister Edun

The Federal Government has disclosed that a total sum of N1 trillion...

Breaking: Again, CBN increases interest to 26.75 percent

The Central Bank of Nigeria (CBN) has raised the monetary policy rate...

I’m no longer interested in investing in Nigeria’s steel industry, says Aliko Dangote

Alhaji Aliko Dangote, the Chairman of Dangote Industries Limited, has halted the...

With giants campaign, First Bank is truly woven into society’s fabric

The ‘Giant in you’ campaign of the FirstBank has again confirmed the...

CBN sells $122.67m to 46 authorized FX dealers

The Central Bank of Nigeria (CBN) says it has sold $122.67 million...

Nigeria’s FX reserves hit $35.05 bln, highest under Pres. Tinubu

Nigeria’s external reserves continue to soar, as the foreign exchange reserve hit...

UBA MD, Alawuba, appointed Chairman, CIBN Body of Banks’ CEOs

Oliver Alawuba, the Group Managing Director/Chief Executive Officer of United Bank for...

Nigeria seeks $172bn investment boost in key sectors

Nigeria Backbone Infrastructure Limited, a multinational company, has announced plans to invest...

Tinubu to release N2trn to revamp Nigerian economy

President Bola Tinubu has promised to revamp the Nigerian economy by injecting...

FG grants withholding tax exemptions to SMEs, farmers, manufacturers

Mr. Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy...

Nigeria’s foreign investment inflows grow by 210% in Q1 2024

Foreign investment inflows to Nigeria grew to $3.38 billion in the first...

CBN gets 7 days ultimatum to account for missing N100bn dirty notes, public funds

SERAP said the allegations are documented in the latest annual report recently...

Nigeria’s external reserves surge to $34bln, first since March

Nigeria’s external reserve hit a new milestone in June, rising to $34.07...

Regulation of crypto, digital assets now under full control, says SEC DG

The Securities and Exchange Commission (SEC)  says it has complete oversight and...

Glory days ahead for the naira – CBN Gov. Cardoso

Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN),...

Dangote Sugar Refinery registers N209bln multi-instrument issuance programme

In a bid to uphold the standard of its corporate objectives, Dangote...

CBN issued IMTOs Naira access to boost remittances

The Central Bank of Nigeria (CBN) says it has implemented new measures...