February 21, 2020

How Do Visual Artists Make Money?

How Do Visual Artists Make Money?

The Ben Enwonwu Foundation is tackling a fundamental issue in visual art practice; funding the practitioner, outside the collector’s monopoly.

It is the subject of the fifth edition of Point of View, the foundation’s widely regarded monthly seminar.

The Nigerian art scene relies too heavily on the collector.

‘Funding for the Visual Arts: Public and Private Sector Partnership’, examines recent developments in public and private sector funding support for the creative arts in Nigeria, BOF explains in a release.

“High on the agenda is the Creative Industry Financing Initiative (CIFI), a collaboration between the Central Bank of Nigeria (CBN) and the Bankers’ Committee that seeks to improve access to long-term, low-cost financing for entrepreneurs and investors in the creative and information technology sectors in Nigeria”, the statement adds.

The programme is as scheduled as follows:

Including the Visual Arts in the Promise of Creative Industry Growth: The CIFI and Other Financial Policies

by Uche C. Nwuka, Group Head, Creative Industry, Bank of Industry

Funding for the Visual Arts: Public and Private Sector Partnership by Odunayo Sanya, Executive Secretary, MTN Foundation, MTN Nigeria

The Business of Art and Socioeconomic Transformation in Africa – The Hatch Ideas Case Study by Yemisi Mokuolu, CEO, Hatch Ideas Worldwide

Panel Discussion:

Transforming Africa through Culture: Funding and Strengthening Policies
Yvonne Ike, Managing Director, Head Sub-Saharan Africa (Ex-RSA), Bank of America Merill Lynch; Femi Akinsanya, Chairman First Ally Capital; Jubril Enakele, MD/CEO Iron Capital and Chijioke Uwaegbute, Partner/Leader, In-sourced Solutions for Tax, West and Central Africa PwC.


The panel will be moderated by
Jumoke Sanwo, Creative Director, Revolving Art Incubator.




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