The N21.3 billion National Arts Theatre remodelling will be completed in the next 15 months. The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele made this known on Sunday when he spoke during the signing of Memorandum of Understanding (MoU) for the handing over of the National Arts Theatre to the Bankers’ Committee by the Federal Government in Lagos.
According to Emefiele, the second phase of the project would also be awarded in the next few weeks, assuring that the projects would be inaugurated by President Mohammadu Buhari before leaving office in 2023.
Themed the ‘Lagos Creative and Entertainment Centre’, he said, the project would restore the glory of an iconic building by aligning most of the fabric and equipment and facilities in the building with the aesthetics of the 21st century.
“The Bankers’ Committee will be funding a prototype cluster located to the north of the National Arts Theatre, labelled the “Signature Cluster” consisting of a building each for Music, Film, Fashion and Information Technology verticals”.