Business CBN, Bankers Committee Set To Invest N25BN on National...

CBN, Bankers Committee Set To Invest N25BN on National Theatre

-

- Advertisment -

The Central Bank of Nigeria (CBN) and the Bankers’ Committee has earmarked the sum of N25 billion for the restoration and upgrade of the National Arts Theatre.

This was revealed by Lai Mohammed, minister of Information and Culture, during the handing over of the building to Godwin Emefiele, CBN governor and Herbert Wigwe, chairman of the Bankers’ Committee in Lagos over the weekend.

The minister stated that the completion of the restoration and upgrade of the National Arts Theatre would generate 10,000 Jobs in the country’s creative industry.

He further stated that the project “Is a Public-Private Partnership (PPP) that will be executed in two phases, with Phase 1 being the restoration and upgrade of the National Theatre to its glory days at a cost of 7 billion Naira, and Phase II the development of the adjoining fallow land at a cost of 18 billion Naira.”

The crux of this project is premised upon the important role the creative industry is playing in the country’s economy as being the second-largest employer of labour and also a major contributor of the country’s Gross Domestic Production (GDP).

The Theatre, according to the minister would be having its make over for the first time after it was built 40 years ago in which it has hosted the likes of late Fela Anikulapo Kuti and Roy Ayers, Skyy, Shalamar, Whispers, Third world and Dynasty; stage events like Wole Soyinka’s adaptation of D.O Fagunwa’s Langbodo and even Stevie Wonder, who received one of his numerous Grammy Awards at the National Theatre.

The theatre when it is fully upgraded will be an all encompassing entertainment, fashion, Information and Technology (IT) hubs in the state and the country as a whole which will be utilised by practitioners in the industry.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Lokoja Residents Groan as Floods Splits Road Into Two

Kogi residents have called on the Federal Government, National Emergency Management Agency (NEMA) and the State government to come...

Sanwo-Olu Approves Reopening Of Public, Private Schools From September 21

Nursery Classes, Daycare Remain Closed Governor Orders Mass Integrity Test On Schools’ Structures Lagos Allows Reopening Of Gym,...

#EdoElection: NSCDC Deploys Additional 1,998 Special Force for Poll

The Commandant General, Nigeria Security and Civil Defence Corps “NSCDC”, Abdullahi Gana Muhammadu, has approved the deployment of an...

Jimi Johnson, To Be Buried in Abuja Tomorrow

Burial Announcement - Profile & Obituary Of Jimmy Johnson By Children  The family of Jimmy Johnson Retired Senior Civil Servant/Veteran...

Revoke CAMA Or Face Legal Action, SERAP Tells President Buhari

The Socio-Economic Rights and Accountability Project (SERAP) has asked President Muhammadu Buhari to revoke his assent to the Companies...

Imo State Govt, WHO Launch Innovative Mobile Health Programme

The Governor of Imo State, His Excellency Hope Uzodinma on 19 August 2020, launched the innovative Mobile Health Insurance...

Must read

Lokoja Residents Groan as Floods Splits Road Into Two

Kogi residents have called on the Federal Government, National...

Sanwo-Olu Approves Reopening Of Public, Private Schools From September 21

Nursery Classes, Daycare Remain Closed Governor Orders Mass...
- Advertisement -

You might also likeRELATED
Recommended to you