Segun Runsewe: How Nigeria Lost China’s $300 Million for Abuja Cultural Market Development

Charles Ajunwa 

Former Director General, National Council for Arts and Culture (NCAC), Segun Runsewe, has revealed how Nigeria lost $300 million from the Chinese government meant for the Abuja Cultural Market Development.

Speaking at the 2025 Association of Nigerian Journalists and Writers of Tourism (ANJET) Award ceremony held recently in Lagos, he argued that Nigeria’s tourism sector was lagging. 

He explained: “I want to be quoted. One project we did, and you will be shocked to hear today, is our cultural market in Abuja. The Chinese government gave us $300 million as a grant to develop the place. They started saying, How do we collect the money?

“When I heard what was going on, I took a flight from Nigeria to China. And I went to see the Chinese Minister of Culture and Tourism. He said, Otunba, sit down. This money has been kept there for six years, Nigeria didn’t utilise it. We have taken it to Uganda. Yes, quote me. I almost collapsed in his office. Why are we wicked to ourselves? 

“We need to also ask another question: Before I left office as Director General, National Council for Arts and Culture (NCAC), some of you reported that story too. I found out that the whole world is moving to the next level. What’s Nigeria doing?

“I approached the Chinese ambassador.  He said, ‘what do you want? I said, I want you to help me train some Nigerians who want to be big brands. And the ambassador gave me a ticket and everything I needed to visit China.

“I went and sat down with the officials. From the whole country, we were to take 100 youths from each state of Nigeria, making 3,700 with other officials totalling 4,000. Chinese government was to give us accommodation free and they are going to support us with some utilities. But the governors of each of these youths will only pay for their tickets. And because somebody is not going to benefit from it, they made sure it didn’t happen,” he revealed.

Runsewe, who sat together with former Minister of Culture and Tourism, Ambassador Frank Ogbuewu; and Director General, National Institute for Hospitality and Tourism, Dr. Abisoye Fagade, said: “For me, I’m almost tired of talking because there’s no action. Our country is not taking tourism seriously.” 

He added: “People think tourism is only moving from one place to the other. I will just reveal a few things. How many of you know Pastor TB Joshua? TB Joshua was selling religious tourism, and nobody keyed into it. When TB Joshua is having his conference in Lagos, there were over 20 private jets packed at the airport.

“There is religious tourism and we have not tapped into it. We see them as pastors. Yes, pastors doing their job. But there is a content of tourism in what they are doing. If this country gets tourism right, we shouldn’t have a single child looking for job. After agriculture, tourism is the biggest employer of labour.

But we are still playing games, we are still telling ourselves stories. We are still giving the boys jobs to come and learn on the field.

“There is no way you can play Arsenal or Manchester United and carry players who just started yesterday. They will beat you silly. You won’t even see the ball for 90 minutes.

“Let’s look at medical tourism. Egypt and India are now taking over medical tourism and they have turned their hotels to hospital beds. Same after 9-11, I went to America, they told me, if I want to know how the plane entered the building, it’s $100. They turned tragedy into tourism brand. What are we doing in Nigeria? We are still wasting time. Someone will come up with a good brand, and the only thing some people want to do is to kill that brand.

“Look, we have killed our best in this sector. And I want to beg everybody here, enough of this fighting among ourselves. It won’t take us anywhere. I don’t fight anybody. We must change our attitude to building a big brand. The only secret remaining to developing Nigeria, in extension, Africa, is culture and tourism.”

​  

  • Related Posts

    CBN: Bank Recapitalisation Central to Building Resilient, $1trn Economy

    CBN: Bank Recapitalisation Central to Building Resilient, $1trn Economy

    Nume Ekeghe
    The Central Bank of Nigeria (CBN) has restated that the ongoing recapitalisation of banks is not merely a compliance directive, but a bold, strategic move to strengthen the resilience, inclusiveness, and credibility of the country’s financial system and position it to power Nigeria’s $1 trillion economic ambition by 2030.

    Speaking at the three-day retreat of the Association of Corporate Affairs Managers of Banks (ACAMB) held in Abeokuta, Ogun State, the CBN Deputy Governor in charge of Financial System Stability, Mr. Philip Ikeazor, said the recapitalisation policy embodies, “a statement of resilience and ambition,” designed to equip Nigerian banks to withstand shocks, expand credit to the real sector, and play a catalytic role in driving inclusive growth.

    According to Ikeazor, the retreat’s theme, “Banks’ Recapitalisation and Beyond,”directly aligns with one of the apex bank’s most important policy priorities enhancing the soundness and competitiveness of the financial system.

    He stated: “This recapitalisation follows a period of global financial volatility, inflationary pressures, and exchange-rate realignment.
    “The primary objective of the CBN for the exercise is to ensure that Nigerian banks maintain sufficient buffers to absorb shocks, sustain credit flows, and remain competitive in an increasingly interconnected but more unpredictable global environment.”
    Noting that 2030 was only five years away, he urged industry stakeholders to be “bold and deliberate,” calling for collective resolve and ingenuity to make the vision a reality.

    On the rationale for the exercise, Ikeazor explained that the recapitalisation follows a period marked by global financial volatility, inflationary pressures, and exchange rate realignment.
    Drawing parallels with the landmark 2005 consolidation that birthed a new generation of stronger banks, Ikeazor said the current exercise seeks to build institutions that can finance ambitious infrastructure projects, support innovation, and promote inclusive, sustainable growth.

    He added: “The Central Bank views the ongoing recapitalisation exercise not as an end, but a means to an end as an enabler for deeper financial intermediation — expanding access to credit, supporting digital banking ecosystems.”
    In his remarks, the President of ACAMB, Mr Bolarinwa Babalola, reiterated that the recapitalisation provides a unique opportunity for the industry to reimagine the future of Nigerian banking, emphasising trust, inclusion, and collective growth.

    He added: “As we all know, the recent recapitalisation exercise is not merely a regulatory hurdle; it is a catalyst for re imagining Nigerian banks as stronger, more trusted, and more inclusive institutions that can support Nigeria’s ambition of a $1 trillion economy.

    “Beyond balance sheet growth, the real value lies in brand resilience  the ability to retain and deepen trust among customers, investors and communities and in expanding financial inclusion for MSMEs, women led enterprises, and the unbanked in our rural areas.”

    He added: “Let this retreat be more than a knowledge sharing forum. Let it be the beginning of a community of practice that pilots joint brand narratives, shares data driven insights, and demonstrates that a well capitalised bank can be a catalyst for inclusive growth.
    “As we say in Nigeria, “When the tree is strong, the birds that rest on it are many.” Let us together build those stronger trees.”

    ​  

    Nume EkegheThe Central Bank of Nigeria (CBN) has restated that the ongoing recapitalisation of banks is not merely a compliance directive, but a bold, strategic move to strengthen the resilience,

    Read more

    Tinubu, Obasanjo, Jonathan, Others Eulogise Reuben Abati at 60th Birthday, Book Launch

    Tinubu, Obasanjo, Jonathan, Others Eulogise Reuben Abati at 60th Birthday, Book Launch

    .President greets Emir of Borgu, Haliru Kitoro on 10th anniversary 

    .Congratulates Omoyemi Akerele for winning 2025 £1m earthshot prize 

    .Kukah: Nigeria Needs Moral Reloading, Renewal to Make Progress

    Deji Elumoye in Abuja and Sunday Ehigiator in Lagos

    President Bola Ahmed Tinubu, former Presidents Olusegun Obasanjo and Goodluck Jonathan, alongside governors, clergy, media leaders, and eminent Nigerians, yesterday, paid glowing tributes to veteran journalist, broadcaster, and author, Dr. Reuben Abati, at his 60th birthday celebration and public presentation of his three new books, held at the Nigerian Institute of International Affairs (NIIA), Victoria Island, Lagos.

    This was as the Catholic Bishop of Sokoto Diocese, Most Rev. Dr. Matthew Hassan Kukah, who delivered a keynote speech at Abati’s 60th birthday celebration and public presentation of his three new books, said Nigeria needs moral reloading and renewal to make progress.

    The President, in a release issued yesterday stated, inter alia: “I extend my warmest felicitations to Dr. Reuben Abati, renowned journalist and former presidential adviser, on his 60th birthday, November 7, 2025.

    “A public intellectual, author, columnist, law graduate and broadcaster, Dr. Abati has distinguished himself wherever he has traversed: in the university as a student and later as a Graduate Assistant, as Chairman of the Editorial Board of The Guardian, as a writer and presently as a television anchor.

    “His insightful articles, regular interventions and television analyses have continued to enlighten and inspire.

    “I commend Dr. Abati for his service to Nigeria as Special Adviser on Media and Publicity to former President Goodluck Jonathan, as well as his outstanding contributions to the media.

    “Dr. Abati’s patriotism and passion as a public commentator who consistently brings his creativity, versatility and cross-sectoral experience to bear on issues of national interest, both on traditional and social media, are noteworthy.

    “I congratulate Dr. Abati, whom I fondly call Rubi Rubi, on the presentation of three books on his birthday, titled: ‘Portraits: People, Politics and Society’, ‘A Love Letter and Other Stories’, and ‘How Goodluck Jonathan Became President’.

    “I join the Nigerian Union of Journalists (NUJ), the Nigerian Guild of Editors (NGE), family members, and friends in celebrating this notable writer.

    “On this occasion of Abati’s 60th birthday, I pray that Almighty God grant him a longer life, good health, and the inspiration to continue serving the nation and humanity.

    “Happy Birthday, Rubi!”

    Former President Obasanjo, who also spoke at the ceremony, lauded Abati’s progress through the years and urged him to build on his achievements.

    “Over the period I have known you, you have made progress; as a journalist, commentator, and now an author of three books,” Obasanjo said. “But you must move from progress to success. May God help you to achieve that; remember, ethical and moral virtues are key to lasting impact.”

    In his tribute, former President Jonathan celebrated Abati’s intellect and loyalty, recalling their years working together during his presidency.

    “You have achieved so much, Reuben,” Jonathan said. “I first met you in 2010 when you reviewed the collection of Facebook posts of Oronto Douglas, and I knew you had something special upstairs. You served with me and documented our journey. These books will remain a reference point for anyone studying that period.”

    Jonathan added that Abati’s storytelling gives history a personal touch, noting that “it is more meaningful when others write about you than when you write about yourself.”

    Delivering a keynote speech, Bishop Kukah described Abati as a “rare intellectual gift to Nigeria. He is one of Nigeria’s most enduring intellectual voices whose writings continue to hold up a mirror to the nation’s conscience.”

    Speaking further, he urged the nation to “reload its moral compass” to achieve meaningful renewal.

    “We must pause and ask why so many projects lie abandoned, why identity divides more than unites us, and why governance too often lacks a moral anchor. Reuben’s writings remind us that words matter and that ideas shape nations. Nigeria must reload its moral software if it must move forward.”

    Delivering a comprehensive review of Abati’s three new books: ‘Portraits: People, Politics and Society’; ‘How Goodluck Jonathan Became President’; and ‘A Love Letter and Other Stories’, Mr. Louis Odion (FNGE) described them as “a monumental intellectual legacy that captures Nigeria’s political evolution, moral challenges, and the author’s creative soul.

    “Abati’s works combine the rigour of scholarship with the intimacy of storytelling. He stands as one of the few public intellectuals who have documented Nigeria’s socio-political journey with clarity, humour, and courage. Together, these books tell the story of our nation’s struggles and its unfulfilled promises, while celebrating the individuals who have shaped it.”

    Odion noted that Abati’s journalistic range, spanning politics, literature, and ethics, makes him “a national monument,” and urged younger journalists to study his writings as models of balanced commentary and moral reflection.

    In his address, the Publisher of Caltop Publications Nigeria Limited, Mr. Ayo Arowosegbe, praised Abati for his discipline and consistency, noting that publishing three books simultaneously was “a feat that only a rare mind could achieve.”

    “Dr. Abati has maintained a tradition of excellence and depth that reflects not just his brilliance, but his humanity,” Ogunsanya said. “At Caltop, we are proud to have been part of this project, which will stand as a cornerstone in Nigerian literary and journalistic history.”

    In his remarks, Dr. Abati expressed heartfelt gratitude to the dignitaries and guests, describing the event as a day of thanksgiving and sober reflection.

    “For me, today is both a day of thanksgiving and celebration,” he said. “I’m grateful for life, friendship, and the opportunity to serve my country through the power of words.”

    He recalled his early days at Hints Magazine and The Guardian, crediting those experiences for shaping his professional discipline. “At The Guardian, you had to prove your worth; even professors took tests,” he recounted.

    Abati also took a moment to honour those who inspired his work. “Portraits: People, Politics and Society is dedicated to Dr. Ibe Achebe; How Goodluck Jonathan Became President to President Jonathan; and A Love Letter & Other Stories to all my teachers, living and dead,” he said.

    Turning to his wife, Dr. Kikelomo Abati, also an author, he added: “My wife has three books on display here today. When we’re not doing other things, we write books.”

    The three books, published by Caltop Publications Nigeria Limited, span themes of politics, literature, love, and national identity, drawing from Abati’s decades of columns in The Guardian and THISDAY newspapers

    The ceremony was attended by eminent Nigerians from across politics, media, and academia. Among them Deputy Governor of Lagos State, Dr. Obafemi Hamzat; former Governor of Ogun State, Senator Gbenga Daniel; Chairman, THISDAY and Arise Media Group, Chief Nduka Obaigbena; Aigboje Aig-Imoukhuede, Chairman of Access Holdings; Executive Commissioner for Operations at the Federal Competition and Consumer Protection Commission (FCCPC) and Mr. Louis Odion and Publisher, The Guardian Newspaper, Dame Maiden Alex-Ibru.

    Also present were Legal luminary and community leader, Chief Felix Fagbohungbe, SAN,; Executive Chairman, Economic and Financial Crimes Commission (EFCC), Ola Olukoyede; the Alake of Egbaland, His Royal Majesty, Oba Adedotun Aremu Gbadebo, CFR; the Olota of Ota, His Royal Majesty, Oba Dr. Adeyemi Obalanlege; Former Minister of Health and Founder, Juli Plc, Prince Julius Adelusi-Adeluyi; and former Minister of Foreign Affairs, Professor Bolaji Akinyemi.

    Others include former Nigerian Ambassador and pioneer Managing Director, The Guardian, Dr. Patrick Dele-Cole; former Governor of Ogun State, Chief Olusegun Osoba; Managing Director, News Agency of Nigeria (NAN), Mr Buki Ponle; former Director, African Leadership Forum (ALF), Chief Adeola Otonba; former Governor of Edo State and current serving Senator, Adams Oshiomhole; and the Founder, Ovation Media Group, Chief Dele Momodu, amongst others.

    The event also drew representatives from the presidency, corporate executives, university dons, and members of the Nigerian Guild of Editors (NGE). Their presence underscored the far-reaching influence of Dr. Abati, who has, for nearly four decades, been at the intersection of journalism, politics, and scholarship in Nigeria.

    Also, President Tinubu extended warm greetings to His Royal Highness, Muhammed Haliru Dantoro Kitoro IV (Mai Borgu), Emir of Borgu Kingdom, as he marks 10 years on the throne.

    The President, in a release issued by presidential spokesperson, Bayo Onanuga, congratulated the 17th Emir of Borgu on the remarkable journey of serving his people and the country.

    President Tinubu, who is the Jagaban of the Kingdom, joined the Government and people of Niger State, the Niger State Council of Traditional Rulers, the Borgu Emirate Council, and family members to celebrate with the royal father, whose legacy of selfless leadership continues to resonate among indigenes and beyond.

    The President recognised the efforts of the royal father in promoting peace, harmony, and tolerance in his domain, particularly in accommodating citizens from other parts of the country, and in constantly mobilising and sensitising them to civic responsibilities.

    President Tinubu noted the wisdom, maturity and diligence of the Emir of Borgu in sustaining cultural and traditional values, bringing his versatile experience as a former secretary of the council, a highly travelled private and public sector leader, entrepreneur and legal luminary to shape the worldview of the people.

    The President prayed for the well-being of the Emir and the prosperity of the Kingdom as they celebrated the 10th anniversary of the royal father.

    In another message, President Tinubu congratulated founder of the Lagos Fashion Week, Ms Omoyeni Akerele, on winning the 2025 Earthshot Prize.

    The President commended Ms Akerele whose Lagos Fashion Week emerged as the only African enterprise and one of the five winners of the £5 million Earthshot Prize for 2025 at the award ceremony held at the Museum of Tomorrow in Rio de Janeiro, Brazil, on Wednesday.

    The innovative platform beat 2,500 nominees from 72 countries to clinch the prize and will receive £1 million, about N1.9 billion.

    The Earthshot Prize is one of the world’s prestigious environmental awards dedicated to discovering and scaling innovative climate solutions. The £50 million prize was instituted in 2020 by Britain’s Prince William.

    Lagos Fashion Week won the award in the ‘Build a Waste-Free World’ category for redefining Africa’s fashion industry through sustainability.

    The President commended her visionary enterprise, noting that the Lagos Fashion Week has not only become a platform for innovation but also for environmentally sustainable creativity.

    President Tinubu described the feat as a clear demonstration of the audacity of vision and purpose, stating that the entrepreneur stands as an inspiration to many women and men.

    The President wished Ms Akerele more success in her endeavours and encouraged other Nigerian innovators not to relent on their dreams but to keep pressing forward until they reach the tape of success. 

    ​  

    .President greets Emir of Borgu, Haliru Kitoro on 10th anniversary  .Congratulates Omoyemi Akerele for winning 2025 £1m earthshot prize  .Kukah: Nigeria Needs Moral Reloading, Renewal to Make Progress Deji Elumoye in Abuja and Sunday

    Read more

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Bridging Nigeria’s Housing Gap

    Bridging Nigeria’s Housing Gap

    JeGO Technologies Introduces EV, Zero

    JeGO Technologies Introduces EV, Zero

    Building Bridges for Local Creatives

    Building Bridges for Local Creatives

    Turkish Airlines Secures $412m Facility from Bank of China

    Turkish Airlines Secures $412m Facility from Bank of China

    Dufil Scales Up Investment in Tutors, Drives Innovative Skills

    Dufil Scales Up Investment in Tutors, Drives Innovative Skills

    Firm Announces New Solutions, Taps Partners to Deepen Energy Access

    Firm Announces New Solutions, Taps Partners to Deepen Energy Access

    Suzuki by CFAO Mobility Hosts Grand Open Day, Launches New Dzire, Jimny Tour Drive

    Suzuki by CFAO Mobility Hosts Grand Open Day, Launches New Dzire, Jimny Tour Drive

    Nestoil promoters accused of mounting judicial pressure to reverse court order 

    Nestoil promoters accused of mounting judicial pressure to reverse court order 

    Nigeria’s $2.3 billion Eurobond costly at 9%, says Nairametrics CEO 

    Nigeria’s $2.3 billion Eurobond costly at 9%, says Nairametrics CEO 

    Banks’ cash with CBN increases to N4.8 trillion as liquidity swells 

    Banks’ cash with CBN increases to N4.8 trillion as liquidity swells 

    Naira falls to N1,438.5/$1 at official market despite reserve gains 

    Naira falls to N1,438.5/$1 at official market despite reserve gains 

    Whistleblower alleges plot to transfer Nestoil debt case to ‘corrupt judge’

    Whistleblower alleges plot to transfer Nestoil debt case to ‘corrupt judge’

    Breaking: NGX bleeds N2.8 trillion in one week as investors dump stocks 

    Breaking: NGX bleeds N2.8 trillion in one week as investors dump stocks 

    NIMASA Boss: Judiciary Key to Realisation of Blue Economy Benefits 

    NIMASA Boss: Judiciary Key to Realisation of Blue Economy Benefits 

    Ellah Lakes capital raise on the NGX: An integrated agribusiness giant shifts into high gear 

    Ellah Lakes capital raise on the NGX: An integrated agribusiness giant shifts into high gear 

    Meta earns $7 billion yearly from scam ads on Facebook, Instagram – Report 

    Meta earns $7 billion yearly from scam ads on Facebook, Instagram – Report 

    Amazon extends haul’s ultra low-price shopping experience to Nigeria with new amazon bazaar app

    Amazon extends haul’s ultra low-price shopping experience to Nigeria with new amazon bazaar app

    60% HP Discount Codes & Coupons November 2025

    60% HP Discount Codes & Coupons November 2025

    Govee Discount Codes and Deals: 30% Off

    Govee Discount Codes and Deals: 30% Off

    Western Digital Promo Code: 10% Off

    Western Digital Promo Code: 10% Off

    Meta Quest Promo Codes: $50 Off | November 2025

    Meta Quest Promo Codes: $50 Off | November 2025

    Home Chef Promo Code: 50% Off

    Home Chef Promo Code: 50% Off

    Walmart Promo Codes and Coupons: $10 Off

    Walmart Promo Codes and Coupons: $10 Off

    Top Verizon Promo Codes & Deals | November 2025

    Top Verizon Promo Codes & Deals | November 2025

    Factor Promo Code: Up to $130 Off Meal Prep

    Factor Promo Code: Up to $130 Off Meal Prep

    How to Follow the Trajectory of Comet 3I/Atlas

    How to Follow the Trajectory of Comet 3I/Atlas

    Mexico City Is the Most Video-Surveilled Metropolis in the Americas

    Mexico City Is the Most Video-Surveilled Metropolis in the Americas

    COP30: Nigeria to mobilise $3 billion annually in climate finance – Shettima 

    COP30: Nigeria to mobilise $3 billion annually in climate finance – Shettima 

    AEDC lays off workers in major restructuring drive 

    AEDC lays off workers in major restructuring drive 

    NGX reaffirms leadership in advancing Africa’s Islamic finance ecosystem 

    NGX reaffirms leadership in advancing Africa’s Islamic finance ecosystem 

    Presco PLC announces N237 Billion Rights Issue to fund expansion and strengthen regional market leadership 

    Presco PLC announces N237 Billion Rights Issue to fund expansion and strengthen regional market leadership 

    UK’s immigration crackdown to cost $5.7 billion, Home Office warns 

    UK’s immigration crackdown to cost $5.7 billion, Home Office warns 

    Wale Edun: $2.35 billion Eurobond raise reflects confidence in Nigeria’s economy 

    Wale Edun: $2.35 billion Eurobond raise reflects confidence in Nigeria’s economy 

    Best performing PFAs in October 2025: OAK Pensions and Nigerian University Pension lead across funds 

    Best performing PFAs in October 2025: OAK Pensions and Nigerian University Pension lead across funds 

    Ellah Lakes secures SEC approval for landmark N235 billion public offer  

    Ellah Lakes secures SEC approval for landmark N235 billion public offer  

    FEC approves N400 billion road projects to boost infrastructure nationwide 

    FEC approves N400 billion road projects to boost infrastructure nationwide