Aig-Imoukhuede, a prominent banker, believes that Africa's future wealth lies in its cultural sector. In a recent interview with CNN, he stated, "Art is almost like oil," highlighting the vast potential of Africa's creative industries.
The Cultural Sector's Economic Potential
According to Aig-Imoukhuede, the cultural sector has the potential to drive economic growth and create jobs. He cited the example of Nigeria's Nollywood film industry, which has become a significant contributor to the country's GDP. With the right investment and support, Aig-Imoukhuede believes that Africa's cultural sector can replicate this success and become a major driver of economic growth.
Investing in Africa's Creative Talent
Aig-Imoukhuede emphasized the importance of investing in Africa's creative talent. He noted that many African artists and creatives lack access to funding, training, and resources, which hinders their ability to compete on the global stage. By investing in these individuals and providing them with the necessary support, Aig-Imoukhuede believes that Africa can unlock its full cultural potential and create a new generation of entrepreneurs and innovators.
The Role of Technology in Africa's Cultural Sector
Aig-Imoukhuede also highlighted the role of technology in Africa's cultural sector. He noted that digital platforms and social media have democratized access to art and culture, allowing African creatives to reach a global audience. However, he also emphasized the need for African countries to develop their own digital infrastructure and platforms, rather than relying on foreign ones, in order to fully harness the potential of technology and create a sustainable cultural industry.
A Bright Future for Africa's Cultural Sector
Despite the challenges facing Africa's cultural sector, Aig-Imoukhuede remains optimistic about its future. He believes that with the right investment, support, and infrastructure, Africa's cultural sector can become a major driver of economic growth and create a new generation of entrepreneurs and innovators. As Africa continues to grow and develop, its cultural sector is likely to play an increasingly important role in shaping the continent's identity and economy.
