ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Sunday, April 18, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
National Arts Theatre, Lagos

National Arts Theatre, Lagos

CBN signs MOU for renovation of National Theatre

The government says the renovation will create thousands of jobs.

byAyodeji Adegboyega
February 15, 2021
2 min read
ADVERTISEMENT

The Bankers’ Committee led by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Sunday signed a Memorandum of Understanding (MOU) with the Federal Government for the handover of the National Arts Theater, Iganmu, Lagos.

In July 2020, the federal government handed over the National Theatre to the Central Bank of Nigeria and the Bankers committee for restoration and development of the 134 hectares of fallow land within the premises.

Mr. Emefiele said revamping the National Arts Theatre will unlock the creative talents of hundreds of thousands of Nigerian youth 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,” he tweeted Sunday.

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

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

The governor commended President 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”.

ALSO READ: Revamped National Theatre to create 8,000 jobs on completion – Lai Mohammed

The Federal Executive Council (FEC) on February 10 approved an agreement that will lead to the renovation of the National Theatre in Lagos for N21 billion.

According to the Minister of Information and Culture, Lai Mohammed, who disclosed the development after the FEC meeting, the CBN will invest the money in the project in a PPP arrangement.

RelatedNews

APC governors disown Obaseki over allegation of currency printing

SERAP writes Buhari, seeks probe of ‘missing N106bn in 149 MDAs in 2018’

Over 1 million jobs will be provided from digital switch-over – FG

NDDC: FG starts physical verification phase of forensic audit – Minister

“The CBN through the Bankers Committee is willing to invest N21, 894, 000, 000 to renovate the National Theatre, refurbish it, and run it profitably.”

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

About 40 % Peruvians contracted COVID-19, says Health Watchdog

Next Post

BPE holds investors webinar on four concession opportunities

Ayodeji Adegboyega

Ayodeji Adegboyega

More News

Kenyan author Ngugi wa Thiong'o [PHOTO CREDIT: NPR]

Ngugi Wa Thiongo makes historic Booker Prize longlist

March 31, 2021
Azuonye, Murua, Musialowski to headline Abuja writers event

Azuonye, Murua, Musialowski to headline Abuja writers event

March 27, 2021
Front Cover of Kasie, By Udo Jude Ilo

BOOK REVIEW: There’s purpose in sorrow: a review of Udo Jude Ilo’s Kasie

March 26, 2021
The public presentation of “My Etiquette and I”

Encomiums as Etienying Akpanusong launches book on Etiquette

March 26, 2021
Cover of Wreaths for NLP

Poets honour Pius Adesanmi with readings from ‘Wreaths for A Wayfarer’

March 24, 2021
Oil rig used to illustrate the story.

New book, Ghost of the Niger Delta, out on Monday

March 20, 2021
Next Post
Bureau of Public Enterprises

BPE holds investors webinar on four concession opportunities

Crude Oil pipelines

Oil prices hit 13-month high

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Explore Akwa Ibom Ad


Explore Akwa Ibom Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,653,865 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
    • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.