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Home » Trending » Business » National Theatre to be Renovated for N21Billion – Lai Mohammed

National Theatre to be Renovated for N21Billion – Lai Mohammed

“I sought and obtained an approval to execute a memorandum of understanding between the Federal Ministry of Information, the Central Bank of Nigeria (CBN) and the Bankers Committee worth N21 billion for the renovation of the National Theatre Iganmu, Lagos.
This is a landmark approval because it has paved the way for investment in the creative industry as part of the resolve of this government to create at least 1, 000, 000 jobs in the next three years from the creative industry.
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.”
– Alhaji Lai Mohammed,
Minister of Information and Culture
February 10,2021

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