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‘Nigeria To Lead $250bn Global Creative Economy’

by Kingsley Okoh
1 month ago
in Business
Nigeria To Lead $250bn Global Creative Economy
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With so much creative talent in the country, there are expectations that Nigeria will soon be among the top countries in the over $250 billion global creative industry.

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Marketing director, Marketing Edge Publication, Anietie Udoh, who stated this at a media parley in Lagos recently said, the value of the creative economy is valued at over $250 billion globally.

He said, the booming industry of skit comedians, food vloggers on TikTok, comedians on Instagram and tech reviewers on YouTube, has impacted the size and value of the creative economy.

He hinted that a new class of digital entrepreneurs are building thriving brands and loyal followings.

Udoh stated that, with the evolving landscape of digital marketing, content creators are no longer just the ‘faces’ of brand campaigns, they are fast becoming the architects of brand narratives.

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This, he boldly expressed, had impacted on digital strategist and voice in Nigeria’s burgeoning creator economy, resonating with a growing number of marketing professionals across the country.

He further explained that, the most effective creator marketing is more than just endorsements, while pointing emphatically, to the quiet revolution happening in Nigeria’s advertising and branding space.

He said: “Gone are the days when marketing success was measured by how many celebrities a brand could parade. Today, the spotlight is shifting to content creators, and ordinary Nigerians with loyal digital communities who wield extraordinary influence.

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‘From the buzzing streets of Lagos to the quiet corners of Uyo, creators are redefining how brands connect with the market.

“In Nigeria’s past media cycles, it wasn’t uncommon to see brands jostle for the endorsement of A-list celebrities.

“These big names would appear in commercials, billboards, and radio jingles, often detached from the grassroots audience brands were trying to reach.

“Smart marketers now turn to creators who connect with real people, not just celebrities who pose in front of a camera,” says Udoh.

According to him, “the modern Nigerian consumer, particularly the youth, has grown weary of the old-school celebrity endorsement formula. They now trust voices that speak their language—literally and figuratively.

“Gen Z and millennials are more likely to buy something if their favorite influencer talks about it, not because they’re famous, but because they feel real,” Udoh explained.


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