Home News Lagos, FG impressed with National Theatre renovation – CBN

Lagos, FG impressed with National Theatre renovation – CBN

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Lagos State Governor, Babajide Sanwo-Olu; Central bank’s Governor, Godwin Emefiele; and the country’s Minister of Information and Culture, Lai Mohammed, have expressed delight with the level of renovation work being carried out at the Lagos Creative & Entertainment Centre, popularly called the National Arts Theatre, Iganmu, Lagos.

The Central Bank of Nigeria made this known in a statement on Sunday, titled ‘Level of renovation work at National Arts Theatre excites Sanwo-Olu, Emefiele’.

According to the statement, Emefiele noted that major milestones had been achieved since the project’s commencement on site early in 2021. It also stated that over N40bn investment committed to the project by the Bankers’ Committee is expected to deliver far-reaching benefits to the Nigerian economy and supports the initiatives of the Federal Government to grow the creative industry and provide jobs to Nigeria’s youth population.

It also said since the award of contracts in March 2021, the main contractors, subcontractors and several specialist contractors had followed a rigorous project plan of identifying and saving items of significant historical value and art, stripping away and decommissioning, carrying out integrity assessments, creating new services routes, and remodelling some of the interior spaces, including nearly 300 units of conveniences.

The statement reads in part, “Sanwo-Olu, Emefiele, Mohammed and other members of the steering committee, including the CBN Deputy Governor in charge of Financial System Stability, Mrs Aishah Ahmad; the Group Managing Director of Access Bank and Chairman of the Body of Bank CEOs, Herbert Wigwe; and the Managing Director of GT Holding Company, Segun Agbaje, noted that the entire heating, ventilation, air conditioning system, power, water supply and sewage systems were currently being replaced while fire safety standards are being significantly upgraded.”

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