CBN Governor leads Bankers’ Committee to sign MOU for handover of National Theater

Governor of the Central Bank of Nigeria, Godwin Emefiele, over the weekend, led the Bankers’ Committee to the handover of National Theater, Iganmu Lagos, for renovation works.

The Federal Executive Council (FEC) had approved an agreement that will lead to the renovation of the National Theatre in Lagos for N21 billion.

Emefiele says revamping the National Arts Theatre will unlock the creative talents of hundreds of thousands of Nigerian youths in the fields of music, movie, fashion and information technology.

Bankers’ Committee to provide funding for a prototype cluster labeled “the Signature Cluster” which consists of a building each for Music, Film, Fashion and Information Technology verticals.

In addition to these, a Welcome/Visitor’s Centre, Police and Fire Stations, and structured parking for up to 500 vehicles will be built.

At least 10,000 direct and indirect jobs will be created during the construction of the Lagos Creative & Entertainment Centre.

Main contractor is Cappa & D’Alberto Limited, the Electrical Sub Contractor is Nairda Limited, while the Mechanical Sub Contractor is VACC Limited.

Emefiele commended Mr. President, His Excellency Muhammadu Buhari, for his magnanimous approval for the handover of the National Arts Theatre as well as the pivotal role he continues to play in providing the Nigerian youths with limitless opportunities to reach the summit of their capacities.