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Obinna Chima writes on the move by the Bankers’ Committee to revive the National Arts Theatre in Lagos The federal government and the Central Bank of Nigeria (CBN) as well as banks under the aegis of the Bankers’ Committee earlier this week signed a memorandum of understanding (MoU) to formally commence the renovation of the National Arts Theatre, Lagos. Also, the Bankers’ Committee and Cappa and D’Alberto Limited, the contractor to handle the project, signed an agreement to commence the first phase of the renovation, which is expected to end in 15 months’ time. Addit...

Vanguard News FG hands over National Theater to Bankers’ Committee On By Babajide Komolafe The Federal Government Friday handed over the National Arts Theater to the Bankers Committee for transformation into the Lagos Creative and Entertainment Centre. This follows the Memorandum of Understanding (MOU) and contract award signing ceremony held yesterday in Lagos between the FG, represented by the Minister of Information and Culture, Lai Mohammed, and the Bankers Committee, represented by the Governor, Central Bank of Nigeria, CBN, Godwin Emefiele. Also in attendance were the Minister for Sp...

Central Bank Governor Godwin Emefiele said that no fewer than 25,000 people would be working at the National Arts Theatre upon completion.

Share The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has projected that over 25,000 people would be engaged in different sections of work at the National Theatre when fully renovated by the Bankers Committee in the next 15 months. Emefiele disclosed this on Sunday at the handover of the National Theatre Iganmu, Lagos to the Bankers Committee. He expressed joy that the signing of the contract for the restoration and refurbishment of the National Arts Theatre has become a reality, bringing to fruition, the commitment made by the CBN and the Bankers’ Committee a year and a h...