Saturday, March 7, 2026
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
No Result
View All Result

National Theatre Project Revamp excites CBN, FMIC, Bankers’ Committee

Freedom Reporter by Freedom Reporter
November 12, 2022
in Breaking News, Entertainment, News
0
National Theatre: Workers vacate complex for rehabilitation

National Theatre

1.6k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

*To host UNWTO, FG conference on tourism, culture

The first phase of the Central Bank of Nigeria-led rehabilitation of the National Arts Theatre, Iganmu, Lagos, has been completed and is set to host the United Nations World Tourism Organisation and Federal Government of Nigeria conference on “Linking tourism, culture, and the creative industries: Pathways to recovery and inclusive development,” between November 14 and 16, 2022.

This was disclosed in Lagos on Friday, November 11, 2022, by the Director, Corporate Communications Department of the Central Bank of Nigeria (CBN), Osita Nwanisobi, who recalled that the CBN and the Bankers’ Committee, in 2020, collectively agreed to invest over N65 Billion to rehabilitate the National Arts Theatre and return it to its former glory, working closely with the Federal Ministry of Information and Culture (FMIC), the Ministry of Youth and Sports Development, and the Lagos State Government.

Over the past 18 months, a complex rehabilitation project has rebuilt the heart of the National Theatre.
More than 70 historic sculptures, mosaics, resin, brass and wood friezes, and stained-glass artworks form part of the original design, with each needing to be protected during renovation or, in some cases, removed and restored before being replaced.

According to him, “when the second phase of the rehabilitation works is complete in March 2023, the National Theatre will be restored to its original glory. A 5,000-seater main amphitheatre comparable to anything else in the world will sit at its heart, flanked by two world-class cinema rooms, banquet halls, and a library.

Nwanisobi said the project was not just about restoring a building; but about creating an ecosystem of support for the creative sector as part of what is called the Lagos Creative & Entertainment Centre (LC&EC).

“The theatre will be at the heart of a more significant development of hubs focused on supporting emerging talent in the music, film, fashion, and IT sectors,” he added.

The National Theatre

The creative hubs are built on portions of land within the 44Ha site. The first phase, known as the “Signature Cluster” consists of a building each for Fashion, Music, Film, and IT and support facilities, including a 250-car park block, a police station, a fire station, and a visitors’ Welcome Centre which will house commercial and retail facilities, administration and management offices.

Also commenting on the completion of phase 1, the Governor of the Central Bank of Nigeria, Godwin Emefiele said: “The National Theatre is one of the symbols of Nigeria’s culture and heritage and must be at the heart of our work to enhance and celebrate the creative industries. The completion of phase 1 is a demonstration of the outcomes we can achieve when we work together as the public and private sector.

“The Central Bank has been able to bring together the diverse set of stakeholders required to ensure that this project is delivered, from the Bankers Committee to the Ministries of Information and Culture, and Youth and Sports Development, and the Lagos State Government. We thank Mr. President for his overwhelming support that has made the restoration of this national iconic symbol of arts and culture a reality.

“Together, we are not just restoring the National Theatre to its former glory, but we are establishing the wider foundations on which we can build a truly world-class creative sector, at home,” Emefiele added.

Tags: National Theatre Project Revamp excites CBN FMIC Bankers’ Committee
Share25Tweet16Send
Previous Post

Taiwan, role model for Nigeria to develop its non oil economy – Ambassador

Next Post

I will rebuild Nigeria – Obi

Related Posts

Alt="Police arrest woman for alleged diversion of company’s N3m"
News

Man Arrested in Lagos for Allegedly Selling Sister’s 1-Month-Old Baby for N2 Million

March 6, 2026
Tinubu signs Electoral Act Amendment Bill 2026 into law
Breaking News

Tinubu approves ambassadors’ postings; Jimoh Ibrahim (UN), Femi Pedro (Australia), Reno Omokri (Mexico), Ohakim (Poland), Dambazau (China) + full list

March 6, 2026
State police, a necessity for Nigeria’s multifaceted society – South-West stakeholders
Breaking News

Abducted former Deputy Governor’s father dies in kidnappers’ den

March 6, 2026
Next Post
I will rebuild Nigeria – Obi

I will rebuild Nigeria – Obi

Ganduje congratulates Yusha’u on appointment as EIC, Africa Policy Journal, Havard

Ganduje congratulates Yusha’u on appointment as EIC, Africa Policy Journal, Havard

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://freedomonline.com.ng/wp-content/uploads/2025/01/5aeac180-db4e-4e7c-bd37-07ddbf15b053.mp4

Popular Stories

  • Bloody clash in Lagos

    Bloody clash in Lagos

    77 shares
    Share 31 Tweet 19
  • Sad! 24 hours after, newly elected APC Asst. Publicity Secretary dies

    68 shares
    Share 27 Tweet 17
  • Congress: Crisis hits Oyo APC as stakeholders reject Adeyemo’s chairmanship

    68 shares
    Share 27 Tweet 17
  • Tinubu rejigs Cabinet

    68 shares
    Share 27 Tweet 17
  • Umahi to Tracy Ohiri: Only a queen can claim a handsome man like myself has been making love advances for 12 years

    68 shares
    Share 27 Tweet 17
  • Court Grounds NG Eagle Aircraft, Bars Sale Pending $5.3m Aviation Dispute

    66 shares
    Share 26 Tweet 17

Latest Stories

Alt="Police arrest woman for alleged diversion of company’s N3m"

Man Arrested in Lagos for Allegedly Selling Sister’s 1-Month-Old Baby for N2 Million

March 6, 2026
Tinubu signs Electoral Act Amendment Bill 2026 into law

Tinubu approves ambassadors’ postings; Jimoh Ibrahim (UN), Femi Pedro (Australia), Reno Omokri (Mexico), Ohakim (Poland), Dambazau (China) + full list

March 6, 2026
State police, a necessity for Nigeria’s multifaceted society – South-West stakeholders

Abducted former Deputy Governor’s father dies in kidnappers’ den

March 6, 2026
Dollar mired near two-and-a-half year low, sterling eyes last-ditch Brexit talks

Real Madrid fined €15,000 after fan’s Nazi salute

March 6, 2026
Iran uses cluster missiles in latest attack on Tel Aviv

Iran uses cluster missiles in latest attack on Tel Aviv

March 6, 2026
Seriake Dickson joins NDC

Seriake Dickson joins NDC

March 6, 2026
Umahi to Tracy Ohiri: Only a queen can claim a handsome man like myself has been making love advances for 12 years

Africa and the Deadly Dust from Iran – Azu Ishiekwene

March 5, 2026
Freedom Online

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.

Navigate Site

  • Home
  • News
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates

Follow Us

No Result
View All Result
  • #13921 (no title)
  • Advert Rates
  • APC ad
  • Archive Sitemap
  • Contact
  • Contact Us
  • Documents
  • Full Width
  • Homepage
  • Ogun State
  • Ogun State banner ad
  • P-A
  • P-A2
  • Privacy policy
  • Sample Page
  • Sample Page
  • Submit an article
  • Welcome

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.