Business A.M
No Result
View All Result
Saturday, March 7, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontier Markets

Calabar Carnival marks 20 years with focus on creative economy revival

by Onome Amuge
October 20, 2025
in Frontier Markets
10,000 homes receiving solar electrification access in Cross River

Onome Amuge

Cross River State’s Governor Bassey Otu has launched the 2025 Calabar Carnival dry run, signaling not only the return of Africa’s largest street festival but also the state’s renewed push to position culture as an engine of economic recovery.

The event, held on Sunday at Millennium Park in Calabar, marked the 20th anniversary of a carnival that has evolved from a local street parade into a regional tourism brand. But beyond the spectacle of costumes and choreography, officials see this year’s edition as a test case for how Nigeria’s underdeveloped creative industries can translate cultural capital into sustainable revenue.

Governor Otu described the carnival as a celebration of reconciliation, unity and creativity, but also as part of a plan to reenergise tourism investment in the post-pandemic economy. “We are not only celebrating unity, but also 20 years of cultural innovation that continues to place Calabar on the global map,” he said. 

The 2025 theme, “Traces of Time,” reflects the carnival’s journey through two decades of shifting political and economic landscapes. Launched in 2004 as part of Cross River’s strategy to diversify away from federal oil dependence, the festival has grown into a seasonal economy of its own, employing thousands of artisans, costume designers, choreographers, and hospitality workers each year.

The Otu administration is courting private sponsors and development partners to build out the festival’s infrastructure, digital reach, and international partnerships. Officials say the 2025 edition will emphasise creative entrepreneurship, linking artisans and performers to export-ready opportunities through fashion, film, and digital content.

Nigeria’s creative economy is estimated to be worth more than $6 billion, according to PwC, but much of its potential remains informal. Festivals like Calabar’s, industry observers argue, could serve as structured entry points for creative clusters seeking visibility and financing.

Governor Otu, addressing a crowd of dancers and dignitaries, reiterated that vision. “The Season of Sweetness is not just about governance. It is about joy, culture, and unity. We want the world to see that creativity is the foundation of prosperity,”he said. 

Onome Amuge

Onome Amuge serves as online editor of Business A.M, bringing over a decade of journalism experience as a content writer and business news reporter specialising in analytical and engaging reporting. You can reach him via Facebook and X

Previous Post

Festivals like ours prove that joy can be an economic driver 

Next Post

Cornerstone taps Curacel to transform motor insurance with AI inspections

Next Post
Cornerstone taps Curacel to transform motor insurance with AI inspections

Cornerstone taps Curacel to transform motor insurance with AI inspections

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

March 7, 2026
Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026
inDrive retains top download ranking amid expansion into African mobility markets

inDrive rolls out Ramadan Shukran driver appreciation campaign in Abuja

March 6, 2026
Gold hits fresh record above $3,640 as Fed rate cut bets intensify

Gold extends rally to $5,222 as weaker dollar, Asian demand lift prices

March 5, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

March 7, 2026
Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M