The Federal Government has unveiled plans to grow Nigeria’s economy through major investments in tourism and creative infrastructure, with a target of contributing $100 billion to the nation’s Gross Domestic Product (GDP) by 2030.

The initiative, being driven through Public-Private Partnerships (PPPs), includes the development of a seven-star hotel, a modern entertainment and concert arena, the rehabilitation of national museums, and strategic collaborations with global streaming platform Netflix to support film production, training, and creative industry growth.

Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, said inadequate infrastructure has remained a major challenge preventing Nigeria from fully harnessing its tourism and entertainment potential.

She noted that many Nigerians travel abroad for concerts and major entertainment events because the country lacks world-class facilities capable of hosting such activities, resulting in economic losses for the nation.

Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Jobson Oseodion Ewalefoh, stated that the commission is committed to fast-tracking viable tourism infrastructure projects capable of transforming the sector and boosting economic activities across the country.

The Federal Government said the projects form part of a broader strategy to diversify the economy, attract private capital, create millions of jobs for young Nigerians, and position Nigeria as a global hub for tourism, culture, and entertainment.