Nigeria’s National Theater Attracts FDI, Ready For November, Says Central Bank Chief Emefiele – Arise News

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said on Saturday that the efforts of the Committee of Bankers to renovate and set up a modern National Theater of Arts are bearing fruit, as the monument as well as the creative industry were already attracting the interest of foreigners. investors.
Emefiele made the revelation during an assessment tour of the National Arts Theater facilities.

He was accompanied by the Governor of Lagos State, Mr. Babajide Sanwo-Olu; the Minister of Information and Culture, Alhaji Lai Mohammed; Minister of Youth and Sports Development, Mr. Sunday Dare; Managing Director/Group Chief Executive, Access Bank Plc, Mr Herbert Wigwe; and the Group Chief Executive Officer (GCEO) of Guaranty Trust Holding Company Plc (GTCo), Mr. Segun Agbaje, along with other stakeholders.
“I am extremely pleased to be here this afternoon for the second inspection of this very large project. But again, we will never cease to thank Mr. President, for it is his vision that we must provide space for our youth in Nigeria, through the creative industry.

“What we are trying to do here is to do a total rejuvenation of Lagos State, really redeveloping this masterpiece right in the center of Lagos which will be hooked up to the rail to keep this running smoothly. project. For the avoidance of doubt, this project is costing the Committee of Bankers, according to the latest estimate, around $100 million, and I have to say, yes, $100 million or more will be invested in this project, but it will be a business where the sums will be realized again.
“I’m glad overseas investors are already showing interest and I’m keen that we’ve had inquiries from investors in the United States who have said they want to take a look not just at the National Arts Theatre. , but also the creative opportunities that we are developing here. So I have to say it is exciting for us at the Bankers Committee and also at the Central Bank of Nigeria,” he said.

Speaking on the completion of the project, Emefiele noted, “Our goal is that by the special grace of God, Mr. President will commission the new National Arts Theater by November. And we also hope for the day when he commands the new National Theater of Art; it will also lay the foundations for the four vertical sectors – music, film, IT and fashion.
According to him, “as the President is set to step down by May next year, he would now return and recommission not only the national assets, but the entire edifice comprising the four vertical hubs so that there are immense business opportunities, enough tourism, enough creative sector businesses that will be generated, not only for Nigeria but especially for our young people who have shown a lot of creative talents and we believe that we must take advantage of this opportunity to exploit it.

“I’m excited because we hope that by the end of this year there will be global programs and activities that will be housed in this complex. We would be talking to the ArtX gallery and hopefully by this year we will be able to bring the ArtX exhibition to this complex because we know that by November this place will be ready so that we can start to bring this place back to us and then put life in tourist life in Nigeria and especially in Lagos State,” he added.

For his part, the Minister of Information and Culture, Mohammed, promised that the National Theater would be inaugurated by President Buhari in November to open the venue for renowned international events, guaranteeing that full completion would occur before the end of the president’s term.
“It looks very promising now that the new National Theater will host the United Nations, the World Health Organization in November this year, as well as other global events. From what you see, you may not like half of what happened. I think we’ve crossed the Rubicon and when we come back in two months we’ll all see a lot of work has been buried,” he added.
Youth and Sports Development Minister Dare said he was “excited about this and we are looking forward to November when this is complete”.

Also commenting, Lagos State Governor Sanwo-Olu said, “It’s all about creating that enabling environment. All this project will not do everything. There will still be a lot more in the years to come that people still have to do. But we’re breaking down every barrier, breaking down every challenge that we have and we’re writing this industry, we’re writing their names in gold.

Nume Ekeghe