Tourism

Ghost of Fela Kuti

NIGERIA'S BURGEONING MUSIC INDUSTRY

Nigeria's music industry is the biggest in Africa, but is it capable of exporting its brand abroad?

Hosting an estimated population of 22 million people, the largest city in Africa has long been defined by frenetic activity. And it is among Lagos’ busy streets that some of Africa’s most talented musicians are found.

Music is not only a vital part of our lives; it is also a huge business that is a crucial element of global tourism and which can contribute billions of dollars to a country’s economy.

has what it takes to capitalize on its music industry—unrivaled talent, a strong music culture, a population three times that of the UK, one of the largest diasporas in the world, and a favorable geographical position to attract millions of tourists from fellow West African countries and beyond.

The potential of Nigeria’s music industry was confirmed by multinational professional services firm Pricewaterhouse Coopers’ (PwC) 2016 report, which estimated that the Nigerian music industry was worth USD40 million in 2011 and had grown to USD47 million by 2015.

In 2020 this figure is expected to explode to USD86 million, nearly double the 2015 value.

Unfortunately, however, according to Emmanuel Akapo, President of Tenstrings Musical Institute, Nigeria loses over USD5 billion “for its inability to harness, organize and synchronize the musical tourism potentialities within the economic rhythm of the nation.”

But Nigeria is heading in the right direction, and festivals hold the key to the development of a country’s music tourism.

2017 marked the 20th anniversary since the death of “The King of Afrobeat” and activist Fela Kuti. The New Afrika Shrine, which replaced the old Shrine created by the artist in 1970, every year holds Felabration.
Felabration is a one-week music festival with live performances from the country’s most internationally acclaimed musicians, including Wizkid, also known by his nickname Starboy.€¨

The festival has become a recognized music tourism event, attracting thousands of music fans from all over the world, and the 2017 edition also saw the involvement of Lagos State Government, indicating the commitment of the local authorities to transforming Lagos into the entertainment capital of Africa.

Barely a month after Felabration, Lagos was the stage of another major event, in fact one of the continent’s biggest music events.

The All Africa Music Awards (AFRIMA) have been held in Nigeria’s cultural capital since the event’s inception in 2014. Alhaji Lai Mohammed, Nigeria’s Minister of Information and Culture, has said that hosting events such as AFRIMA was another way of generating income for the government because of the tourism factor, which could bring more earnings.

As Nigeria is focusing more on escaping from oil and gas dependence, finding alternative ways to generate new revenue streams is becoming crucial.

It should seriously consider making a business out of its huge musical culture.
More awareness is raised each year about Felabration, AFRIMA, and other events, leading an increasing number of Afrobeat fans from across the globe to flow into the country.

If the government and the music industry partner more closely, leveraging the country’s year-round pleasant climate and vibrant cultural life, Nigeria could become a major musical tourism destination.

In addition to bringing millions of dollars into its economy, the country’s image would be considerably improved.

You may also be interested in...

samuel-alabi-yfTGmbOzMR0-unsplash

Economy

Nigerian Elections 2023

Bola Tinubu has won the vote, but will he also win broader approval in the populace?

View More
Turkish Lira Devaluation in 2022

Economy

Worst-Performing Currencies of 2022

As high inflation rates persist, many national currencies are struggling with devaluation in 2022.

View More

Green Economy

Wildlife in Africa

The Future of Conservation

View More

Economy

Nigeria and AfCFTA

Membership of the African Bloc

View More
Flag,Of,Nigeria,On,The,Car’s,Fuel,Tank,Filler,Flap.

Energy & Mining

Gas in the tank

Fuel subsidies in Nigeria

View More
Daytime,Aerial,View,Of,Lagos,Island,,Nigeria

Transport

Joining Up the Dots

Nigeria’s big-ticket infrastructure projects

View More
The,Naira,Is,The,Currency,Of,Nigeria.

Real Estate & Construction

Create the Bedrock

Infrastructure tax credit scheme

View More
The Welcome Disruptor

Telecoms & IT

The Welcome Disruptor

How tech is disrupting Nigeria’s key sectors

View More
Stepping Forward

Industry

Stepping Forward

Manufacturing ahead of AfCFTA

View More
View All Articles