FCMB Reaffirms Commitment To Strengthening Nigeria’s Creative Economy

FCMB has reaffirmed its commitment to strengthening Nigeria’s creative economy.

NewsRain Nigeria reports that First City Monument Bank (FCMB) has reiterated its commitment to supporting the growth and sustainability of Nigeria’s creative industry, advocating stronger ecosystem development as a critical driver of the sector’s long-term economic potential.

This position was highlighted at the 2026 BusinessDay Creative Entertainment Summit held at the Oriental Hotel, Lagos, where key stakeholders from the creative industry, financial institutions, government agencies, development partners, and private sector organisations gathered to discuss reforms needed to accelerate the growth of Nigeria’s creative economy.

Speaking during a panel session, Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at FCMB, emphasized that while Nigerian creatives continue to earn global recognition and achieve remarkable success, the industry’s future growth depends on building a stronger support system that enables creative enterprises to scale sustainably.

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According to her, Nigeria’s creative industry has consistently demonstrated resilience, innovation, and entrepreneurial excellence despite operating within an environment marked by structural challenges.

“The success stories we celebrate today reflect the immense talent and entrepreneurial spirit within Nigeria’s creative industry. However, sustainable growth requires more than individual achievements. We must strengthen the ecosystem that enables creative businesses to scale, compete globally, and create lasting economic value,” she said.

Jacob-Ogogo noted that access to finance, while important, represents only one aspect of the broader support framework required for the industry’s development.

She identified intellectual property protection, efficient royalty collection systems, business formalisation, governance standards, data transparency, distribution networks, industry infrastructure, and capacity building as critical areas requiring attention.

“Financing is important, but capital alone cannot solve the industry’s challenges. Strong institutional frameworks are essential for attracting investment, building investor confidence, and enabling creative entrepreneurs to establish scalable businesses capable of creating jobs, generating export earnings, and contributing significantly to national economic development,” she added.

Reaffirming FCMB’s commitment to entrepreneurship and inclusive economic growth, Jacob-Ogogo stated that the Bank remains intentional about supporting sectors that create opportunities and stimulate economic development.

“At FCMB, we understand that sustainable progress in the creative industry requires collaboration, knowledge sharing, capacity development, and strategic partnerships.

Our role extends beyond financing to supporting initiatives and platforms that empower creative entrepreneurs to build stronger and more sustainable businesses,” she said.

Through initiatives such as SheVentures and other entrepreneurship-focused programmes, FCMB continues to support entrepreneurs across various sectors by providing access to training, mentorship, business advisory services, networking opportunities, and tailored financing solutions where appropriate.

As Nigeria’s creative economy continues to gain global prominence, FCMB remains committed to collaborating with stakeholders across sectors to strengthen the industry’s ecosystem, unlock new opportunities for growth, and enable more creative entrepreneurs to thrive in an increasingly competitive global marketplace.