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THE RECENT MAMA AWARDS IN NIGERIA AND NIGERIA MUSIC INDUSTRY; THE INVESTMENT OPPORTUNTIES.
The MAMA AWARDS recently held in Lagos, Nigeria might have come and gone but surely, it is another recognition of Nigeria as a growing force to be recon with not just on the African continent but in the world stage in terms of music.
In the past seven {7} years, the music industry has witnessed a lot of progress and development with a lot of our local artiste dominating different genre taking a queue perhaps from movie industry in Nigeria , NOLLYWOOD ,which is ranked second only after HOLLYWOOD.
Nigeria with her current population estimated at over one hundred and forty million {140,000,000} growing at a rate of 3.5% per annum is not just the largest population of black people in the world but has one of the largest music and indeed entertainment market in Africa.
Though the entertainment industry in Nigeria is making giants strides at the moment, the next stage of her development would be determined by how much investment is made in the area of developing facilities and manpower. The industry is faced with challenges and like you already know where there is a problem/ challenge, there investment opportunities exists and this short article is aimed to identifying these areas. Interested investors can further seek development partners by networking on our online business forum at http://www.nigeriabusinessplace.com/ .
It is rather disheartening to note that Lagos, the nation’s commercial capital and the hub of the entertainment industry in Nigeria can not boast of enough standard conference and event centre. Where they exist their size and standard are questionable. The situation is similar through the nation and at such this is an over dependence on hotels for the provision of such facilities. Investment opportunities therefore exist for interested business men and women to take advantage of this gap in the provision on world class event and conference centre in Nigeria.
Other areas that requires investment in the entertainment industry in Nigeria include music production, stage and event management, choreography, artiste management, security management etc
Do you seek entertainment related business opportunities in Nigeria or you just want to know more about the subject matter as it affects Nigeria, Please do visit www.nigeriabusinessplace.com, register and click on the relevant board and start you rewarding contributions.
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