Woodhall Capital, Lagos State Govt, Polaris Bank, UK Govt To Give Creative Industry Facelift
In a bid to reposition the Nigerian creative industry in line with global best standards leading global financial services firm Woodhall Capital in Partnership with Polaris Bank the United Kingdom and Lagos State Governments have launched a ₦1.5 Billion fund to scale Nigeria’s Creative Economy.
The fund aimed at expanding access to structured financing for creative entrepreneurs is expected to scale their output across fashion, film, music, and digital content creation.
The funding was unveiled during the launch of the Creative Currency Podcast; an initiative designed to foster collaboration between creatives, financiers, policymakers and the global stakeholders.
The platform would serve as both a podcast and policy engagement forum aimed at addressing long-standing challenges such as limited access to finance, weak Intellectual Property(IP) enforcement and the absence of scalable business infrastructure within the creative ecosystem.
Recall in May 2022 Polaris Bank partnered the Lagos State Employment Trust Fund (LSETF) to establish a ₦1 billion funding initiative targeted at artisans in Lagos State.
The objective of the partnership was to deliver critical financial support to empower skilled artisans and entrepreneurs within the MSME sector who had maintained active business operations for at least one year while ultimately fostering wealth creation and economic inclusion across the state.
L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu, Founder/CEO, Woodhall Capital; Sola Carrena, MD/CEO, Helios Investment; Onyinyechi Aderigbigbe, Head, Brands & Marketing, Woodhall Capital; Jonny Baxter, British Deputy High Commissioner at the signing
