Events
Lagos Hosts Historic Gaming Expo to Drive Economic Growth
Published
10 months agoon
By
LanreThe gaming sector has persistently bolstered the gross domestic product of numerous countries across the world, demonstrating its significance as a lucrative and influential industry. Nseobong Okon-Ekong and Iyke Bede write that Lagos hopes to get a 30 per cent share of the African gaming market. Plans for this lofty dream were unveiled at a recent four-day expo hosted by Governor Babajide Sanwo-Olu
Undoubtedly, the entire gaming sector contributes more revenue than most sectors. Shawn Kayden, a former chairman at Sony Interactive Entertainment Worldwide Studio in a recent chat with CNBC noted that the video game industry alone is a $200 billion industry.
“It is bigger than music. It’s bigger than movies on a revenue basis. The largest entertainment sector in the world,” he asserted.
Since 2020, the gaming industry has witnessed unprecedented growth, partly attributed to increased demand during the COVID-19 pandemic as people sought entertainment and social connection while staying home. The growth trajectory has maintained a steady pace since then, propelled by the penetration of tech to underserved regions and governments providing more flexible regulatory frameworks for stakeholders to coexist.
According to Vantage Market Research, the video game sector of the gaming ecosystem is expected to have a Compound Annual Growth Rate (CAGR) of 13.6 per cent between 2023 and 2030 to hit $682 billion in revenue. The 2022 revenue was recorded as 245.9 billion. On the other hand, the sports betting sector, which includes all games of chance and those that require some level of skill (poker), boasted a revenue of $83.65 billion in 2022, according to Grand View Research. The sector is projected to experience a CAGR of 10 per cent to reach $182.12 billion in 2030.
With the Asia Pacific regions accounting for most growth in all gaming sectors, the African market, albeit plagued by infrastructural and regulatory issues, has remained promising. Its top three markets—South Africa, Nigeria, and Kenya—average a market value of $1.97 billion in the sports betting segment. Meanwhile, Egypt, South Africa, and Nigeria have a combined valuation of $2 billion in the video gaming sector.
Noting these growth trends in revenue generation by the sector, the Lagos State Government in collaboration with the Lagos State Lotteries and Gaming Authority, the Lagos State Ministry of Tourism, Arts and Culture hosted the maiden edition of the Africa Gaming Expo (AGE), which took place at Eko Hotels and Suites, Lagos, attracting regulatory bodies, regional and global gaming operators, and stakeholders from adjacent industries to discuss existing problems with an outlook to deliberate and proffer sustainable solutions.
Lagos’ targeted income generation strategy has led to a substantial dedication to bolstering the creative industry, with the gaming sector now receiving comparable support under the aegis of Governor Babajide Sanwo-Olu.
“For us as a government, as a subnational, as a state, we are an emerging city, the biggest city in Africa. We see this theme as extremely important to us, which is ‘Entertainment, Gaming and Tourism: A Nexus for Economic Growth.’ This title ties everything together,” Sanwo-Olu noted. “We believe the gaming sector could be a real engine of growth that can propel social order and economic development and redefine wealth within our various communities. In my view, it will appear more germane to speak to an integral part of the state’s economic agenda and its own priority.”
Citing the state’s support for the entertainment sector and the resulting investment returns, the governor affirmed his trust in the gaming sector’s potential for success, particularly with the backing of 60 million daily punters.
The governor described Lagos as a movie, music and fashion centre of Africa.
“No doubt, we are indeed in the right place. Convening the African Gaming Expo in Lagos could not have come at a better time as it portends to strategically reinforce the State Government’s Development Agenda as encapsulated in T.H.E.M.E.S+ Agenda, specifically the sixth pillar – Entertainment and Tourism,” said Sanwo-Olu.
He added, “Today, Lagos state is one of the top 10 fastest growing cities in the World, ranks sixth in GDP in Africa and contributes over 25 per cent of the GDP in Nigeria. However, Lagos State still needs more support in terms of investment in the entertainment and tourism sector.
“The state has one of the best protocols for ease of doing business. This expo would provide our partners insight into the investment opportunities waiting to be explored in our entertainment, gaming and tourism industry in the state.”
The Lagos governor called for collaboration among stakeholders to develop new ideas and strategies that will fully realise the socio-economic potential of the gaming, entertainment, and tourism industry in Africa.
He pointed out that these initiatives aimed at increasing “our share of the African gaming market to at least 25 to 30 per cent,” with Lagos as a key player in a rapidly growing industry, propelled through a public-private partnership.
The chief executive officer of Lagos State Lotteries and Gaming Authority, Mr. Bashir Are, commended Sanwo-Olu’s administration for its unwavering commitment to revolutionising the gaming industry through effective regulation, leveraging modern technological innovation and global best practices. He said the expo was to exchange ideas and share valuable insights that would change the face of gaming while harmonising the standards and regulations in Africa.
In his welcome address, the Chief Executive Officer of Africa Gaming Expo Limited, Dr. Charles Ekundayo, said, “The aim of organising the expo is rooted in promoting the Africa Gaming Market while fostering collaboration among industry professionals and addressing the challenges faced in the industry.”
Over 35 speakers in the industry and hundreds of delegates from different countries in Africa and outside the continent at the inaugural Africa Gaming Expo attracts over 35. The gaming summit attracted important dignitaries, including the Director-General of the National Lottery Regulatory Commission (NLRC), Mr Lanre Gbajabiamila; Managing Director of GSA Europe/President, IGSA, Mark Pace; Chief Executive Officer, Gambling Authority Botswana, Peter Kesitilwe; and Director, Stakeholder Engagement, Greo, Lindsay Kalbfleisch and Are.
As the four-day conference drew to a close, experts meticulously dissected an array of crucial topics, including responsible gambling, internet infrastructure, regulations, data protection, and anti-money laundering. Through insightful comparisons of the diverse gaming landscapes across Africa, bespoke solutions and recommendations were crafted, marking a significant step forward in addressing the industry’s challenges.
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Events
Igbere Cultural Festival: Promoting Heritage and Unity
Published
6 days agoon
January 6, 2025By
LanreThe Igbere Cultural Festival celebrates the ancestral heritage of 13 villages in Abia State, uniting communities through tradition and culture.
Eminent entrepreneur and politician Chimaobi Anyaso has lauded the annual Igbere Cultural Festival for its role in preserving and promoting the rich heritage of the Igbere people.
The festival, held in Bende Local Government Area of Abia State, is sponsored by the OUK Foundation, founded by Senator Orji Uzor Kalu.
Speaking during the event at Amaiyi Village, Anyaso commended the former governor of Abia State for his unwavering support of the festival, which celebrates the ancestral practices of Igbere’s 13 villages.
The event showcases the unique folklore, traditional cuisines, dances, hospitality, attire, and language nuances of each community.
“This is a remarkable initiative to promote our forefathers’ culture, especially the positive aspects,” Anyaso said. “Senator Orji Uzor Kalu’s efforts to unite the people and celebrate our heritage are commendable.
It’s a sacrifice that fosters reconnection with our roots and sets an example for others to emulate.”
Anyaso urged both the government and private sectors to increase investments in Nigeria’s cultural and tourism industries, emphasising their potential for substantial economic returns.
The 4th edition of the Igbere Cultural Festival, a two-day event, was held simultaneously across all 13 villages of Igbere: Agbo, Eziama, Amaukwu, Amakpo, Amankalu, Ibinanta, Amaofufu, Ibinaukwu, Umunsi, Okafia, Ohumola, Amaoji, and Amaiyi.
The celebration featured an array of traditional activities, including local food processing, wrestling, drama, folklore, poetry, lectures, dancing, and beauty contests.
Foreign tourists from the Republic of China also attended, enjoying the warm hospitality of the Igbere people, the pleasant weather, and the region’s scenic hilly landscape.
Senator Orji Uzor Kalu, in a statement, highlighted the festival’s role in promoting unity, peace, and social interaction.
“The cultural splendour of the 13 villages was once again reinvigorated, leaving a lasting impression on participants. This event is a testament to our historical existence and the importance of preserving our cultural heritage,” Kalu said.
The festival not only strengthens community ties but also showcases Nigeria’s vibrant cultural diversity to a global audience, positioning it as a key event in the nation’s cultural tourism calendar.
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Events
Destination Lagos Awards 2024: A night to celebrate culture, tourism, and excellence
Published
2 weeks agoon
December 27, 2024By
LanreLagos celebrates tourism and culture with the Destination Lagos Awards 2024, honouring contributions to the city’s growth and development.
Today, Friday, December 27, 2024, Lagos will shine once again with the highly anticipated Destination Lagos Awards 2024 and the glamourous beauty pageant, Oju-Ibile Eko, taking place at the John Randle Cultural Centre in Onikan.
The event promises to be a spectacular celebration of the state’s cultural heritage, tourism, and the contributions of influential figures in the industry.
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This year’s awards come on the heels of the IPADA Initiative Celebration 2024 fiesta, which has captivated global attention over the past ten days.
The recent festivities included a host of exciting events such as the Lagos Boat Regatta 2024, where vibrant displays from Lagos’ five Ibile divisions dazzled audiences with intricately decorated boats, live performances, rowing competitions, and much more, leaving attendees with lasting memories of Lagos’ aquatic excellence and cultural vibrancy.
The Destination Lagos Awards 2024 is the brainchild of renowned tourism expert Apata Nunanyon Sampson, the Project Director and National Vice President of the Association of Tourism Practitioners of Nigeria (ATPN).
Sampson has worked tirelessly to position Lagos as a global tourism destination, and today, the event will honour the efforts of key stakeholders, including Lagos State Governor Mr. Babajide Sanwo-Olu, who will be recognised for his unparalleled commitment to the tourism sector.
Sampson praised Governor Sanwo-Olu’s visionary leadership, which has significantly contributed to the development of Lagos’ tourism sector.
“The Governor’s administration has been instrumental in promoting tourism in Lagos State. His vision for tourism development is unparalleled, and we are proud to recognise his efforts through the Destination Lagos Awards,” Sampson stated.
Today’s event will not only spotlight the achievements of individuals and organisations in the tourism and hospitality industry, but also celebrate Lagos State’s diverse and rich cultural heritage.
The activities lined up include cultural performances, an Art and Crafts exhibition showcasing the finest works of local artists and artisans, a Fashion Display featuring the latest trends in Lagos’ vibrant fashion scene, and a beauty pageant, Oju-Ibile Eko.
There will also be an exclusive performance by the Indian community in Lagos, adding an international flair to the celebration.
The Destination Lagos Awards 2024 will also provide a platform to recognise outstanding contributions to the growth and success of the hospitality sector, with awards set to be presented to key figures and organisations that have played a pivotal role in shaping Lagos as a global destination of choice.
Speaking ahead of today’s event, Mr. Diwesh, Managing Director of Donias and Head of the Expatriate Communities Committee for the event, shared his excitement for the unique opportunity that this occasion represents.
“The Destination Lagos Awards 2024 is a chance to showcase Lagos’ diverse cultural landscape and celebrate those who have contributed to its growth in tourism.
We are committed to making this event a resounding success and reinforcing Lagos’ position as a premier global destination,” he said.
The Destination Lagos Awards 2024 promises to be an unforgettable event that highlights the best of Lagos’ culture, tourism, and hospitality sectors while cementing the state’s reputation as the Centre of Excellence.
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Events
Samuel Nwajagu makes history as First African Mister international winner
Published
4 weeks agoon
December 17, 2024By
LanreSamuel Nwajagu made history as the first African to win Mister International, taking the title in Bangkok, Thailand, on December 14, 2024.
Nigerian model Samuel Nwajagu has made history by becoming the first African to win the prestigious Mister International title.
The groundbreaking achievement occurred at the 16th edition of the global competition, held in Bangkok, Thailand, on Saturday, 14th December 2024.
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The event, which drew 47 contestants from around the world, saw Nwajagu rise to the top amidst fierce competition. His victory is not only a personal triumph but also a significant moment for African representation in international beauty pageants.
Nwajagu’s journey to the global stage began earlier in the year when he was crowned Mister International Nigeria in July 2024, securing his place in the Mister International competition in Thailand.
This victory was a result of months of preparation, dedication, and his innate charisma, which captivated both the judges and audiences throughout the event.
In the grand finale, Nwajagu went head-to-head with two top finalists: Nguyễn Mạnh Lân from Vietnam and Glenn Victor Sutanto from Indonesia.
The three competed in various segments, showcasing their modelling skills, physical fitness, and personality. Ultimately, Nwajagu emerged as the winner, marking a historic milestone for Africa in the realm of global pageantry.
The Mister International competition is known for its emphasis on not just physical appearance but also character, leadership, and social responsibility. Nwajagu’s win serves as an inspiration to aspiring models and young people across the African continent, reinforcing the importance of confidence, dedication, and hard work in pursuing global recognition.
As the newly crowned Mister International, Nwajagu’s victory is expected to open doors for further international opportunities in modelling and ambassadorial roles.
His achievement continues to raise the profile of African talents on the world stage, proving that Africa’s presence in international competitions is stronger than ever.
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