Home Features FG Hands over National Theatre to Bankers’ Committee for Renovation

FG Hands over National Theatre to Bankers’ Committee for Renovation


Federal Government of Nigeria on Sunday officially handed over the National Theatre complex in Lagos to the Central Bank of Nigeria (CBN) and banks under the aegis of the Bankers’ Committee to commence the renovation of the facility.

The ceremony which took place at National Theatre Iganmu,  had in attendance the CBN Governor, Mr. Godwin Emefiele; Minister of Youth and Sports, Mr. Sunday Dare; Minister of Information and Culture, Alhaji Lai Mohammed; the CEO, Access Bank Plc, Herbert Wigwe; Lagos State Governor, Mr. Babajide Sanwo-Olu, his deputy and other top officials in the state government.

In his address Governor Babajide Sanwo-Olu saidr revitalisation of the National Arts Theatre, Iganmu is a step towards making Lagos State a 21st Century economy.

Sanwo-Olu during the Handover Ceremony of the National Arts Theatre by the Federal Government to the Central Bank of Nigeria (CBN) and the Bankers Forum, said this is a right step in a right direction.

He said that making Lagos a 21st Century economy was the fourth pillar of his administration’s T.H.E.M.E.S Agenda.

According to him, there is no way the state can be a 21st century economy if the centre piece called the National Arts Theatre is not revitalised.

”There is no way we will make a 21st century economy if this entire massive real estate and land that we have are not turned from a dead asset to a living asset.

”It fits with our vision, it fits with our plan, it fits with our thinking of our new Lagos,” he said.

Sanwo-Olu said that the journey of regenerating the National Theatre started about 10 months ago and people misconstrued what the objectives and plans were.

He said that the purpose was not to move people out of job, but to create more jobs and boost the economy.

Governor Sanwo-olu said that the entire creative industry and Lagos State in particular, would benefit from the revamping of the National Theatre.

”It is exactly 410 days that we all got sworn-in as governor of Lagos State and so we are counting.

”We have agreed and said that in a maximum of 22 months, we will be bringing the president here, to walk him round the new, reformed, revitalised National Arts Theatre and all of the adjoining buildings, while we are still in government, there is no better joy for me personally than that.

”Lagos is a signature, Lagos is a centre piece. We have had good times in the National Theatre and it is time to revitalise it.

”I think it will be a shame on all of us, if we are not doing what we are doing today. If people can think about 40, 45 years ago and put this edifice here, the least we can do is what we are doing here today, to turn it around, to make it happen for another 40 years of people that are going to come behind us.

”With the regeneration of the National Theatre and its environs, we are writing our tomorrow today,” he said.

Sanwo-Olu thanked the President of the Federal Republic of Nigeria, Muhammadu Buhari for giving a very strong backing to the vision of revitalising the National Theatre and all of the development that are going to be coming up here in the next couple of years.

In his remarks, Lai Mohammed described the development as a win-win for every stakeholder, even as he assured workers at the theatre of the safety of their jobs.


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