Pretty Okafor: Nigerian music industry to worth N26tr by 2018 - BeVibez Media | News Updates | HipHop Music|GospelMusic|Video|EntertainmentGist|CelebrityGist|Sports

Breaking News

Pretty Okafor: Nigerian music industry to worth N26tr by 2018

Pretty Okafor, has revealed that the Nigerian music industry has the capacity to transform
the fortunes of Nigeria especially now that oil prices have crashed.
Okafor, made the declaration during the Delegates Conference of the musicians body
which was held at White House, Toyin Street, Ikeja, Lagos, last week.

“CNN made the statement that for Nigeria to get out of the mess that we are in, we have
to concentrate more on the entertainment industry with a strong bias for the music
sector. The Nigerian music industry is one of the biggest in the world and by 2018, if we
build structures, the industry will generate $8b and that is N24tr, more than three times
our budget. So the sky is the limit. We have done our research and I can tell you that we
don’t need to depend on oil. Entertainment will save the country,” Okafor said.
Commenting on Delegates Conference, which attracted delegates from over 30 states of the federation, Okafor continued: “We are here to witness the NEC (National Executive
Council). It is the highest decision making body of the union. This will usher in the Del­
egates Conference which will culminate in elections because without the NEC, there can
be no election. The idea is that all the state chapters are involved. Over 30 state
chapters are here.”

How was he able to pull it off? “I think it is a whole lot of hard work because I believe in
the union and its potentials. I believe that musicians are supposed to be the
billionaires. Not everybody can go to Air Peace or the CBN and get endorsed and that
is why I keep telling people about the need for credibility. Air Peace partnered with us
because they monitored the growth of the new PMAN. We can’t do it alone so we have
reached out to partners and they flew in everybody. We just got endorsement from
Arik Air and it is getting better.” The communiqué released at the end of the
NEC meeting stated that elections will be held in October.

No comments

Your comment is highly welcome

Now it's easier to drop your comments

Just write your name and write your comment then Publish...!!!