• Advertise
  • Opinion
  • Features & Interviews
  • Investigation
  • Contact
Thursday, July 7, 2022
  • Login
No Result
View All Result
NEWSLETTER
The Lagos Today
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    Big Brother Naija  Season 7 Premieres July 23 ..   As Winner Gets N100M Prize Money,

    Big Brother Naija Season 7 Premieres July 23 .. As Winner Gets N100M Prize Money,

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    CAF to launch $200 million African Super League in August 2023

    CAF to launch $200 million African Super League in August 2023

    Sanwo-Olu Grants Funke Akindele, Husband, 56 Others State Pardon

    Marriage Collapse: Funke Akindele Allegedly Chased Husband Away Because Of Infidelity

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    2020 AFRIMA Postponed Till Next Year Over Covid-19

    AFRIMA 2022: Entry Submission Portal Closes on August 5

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel : A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel : A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    Big Brother Naija  Season 7 Premieres July 23 ..   As Winner Gets N100M Prize Money,

    Big Brother Naija Season 7 Premieres July 23 .. As Winner Gets N100M Prize Money,

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    CAF to launch $200 million African Super League in August 2023

    CAF to launch $200 million African Super League in August 2023

    Sanwo-Olu Grants Funke Akindele, Husband, 56 Others State Pardon

    Marriage Collapse: Funke Akindele Allegedly Chased Husband Away Because Of Infidelity

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    2020 AFRIMA Postponed Till Next Year Over Covid-19

    AFRIMA 2022: Entry Submission Portal Closes on August 5

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel : A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel : A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
No Result
View All Result
The Lagos Today
No Result
View All Result
Home Business

CBN Pumps $100m Into National Arts Theatre Renovation

by Segun Adewunmi
December 6, 2021
in Business
3 min read
0
0
CBN Pumps $100m Into National Arts Theatre Renovation
Share on FacebookShare on Twitter

The Central Bank of Nigeria (CBN) has shown its support for the $100 million by the Bankers’ Committee meant for the revamping of the National Arts Theatre.

This was disclosed by the Governor of the Central Bank of Nigeria, Godwin Emefiele, at the ‘Arise Fashion 2021’ programme, as he noted that the country’s deposit money banks were set up in 2020 for creative industry financing.

The Bankers’ Committee is expected to provide funding for a prototype cluster labelled, ‘The Signature Cluster’ which consists of a building each for music, film, fashion and information technology verticals.

Emefiele described the four hubs to be established as follows: “The hubs are the fashion hub, music hub, film hub, and to support these, the IT hub, where we will have Nigeria’s young and talented IT developers, developing software to increase and earn revenue for themselves as well as to support the country’s revenue base.”

Emefiele said, “The project is costing the Bankers’ Committee almost $100 million to resuscitate and revamp the National Art Theatre.”

“The National Art Theatre can contain a gathering of at least 7,500 people. We do hope that, come 2023 and onwards, we will begin to see these fashion shows being held around the premises of the National Art Theatre.

“We are trying to build infrastructure to support the creative industry in Nigeria.”

He explained that the goal was to make it easier for young and talented people in the creative industry to get funds to start or expand their enterprises.

Nduka Obaigbena, Chairman of Arise News, said the company opted to highlight the event, which was broadcast live on television in 200 countries and supported by Arise News and other media.

He said, “We celebrate Nigeria because, like it or not, the building blocks of the Nigerian century is afoot despite the challenges that we face; our generation will ensure that we build a Nigeria that can stand the test of time in 2050 as the third largest and most populous economy in the world.

“And those building blocks you can see in the power of creativity, technology and the power of everything else. We are determined to tell the world that the time of Nigeria is here.”

It can be recalled that around July 2020, the Federal Government announced the official handover of the National Arts Theatre Complex to the CBN and the banks under the aegis of the Bankers’ Committee, in order to commence the renovation of the facility.

The Federal Executive Council had earlier approved an MOU between the Federal Ministry of Information and Culture and the Bankers’ Committee for the renovation of the National Arts Theatre with the CBN expected to provide about N21.89 billion.

In February, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, led other members of the Bankers’ Committee to sign a Memorandum of Understanding (MOU) with the Federal Government for the handover of the National Arts Theater, Iganmu, Lagos.

The Bankers’ Committee will be expected to manage the facility for a few years before handing it over to the Federal Government.

Follow us on social media
  • Facebook
  • Twitter
  • Instagram

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: CBNCentral Bank of NIgeriaGodwin EmefieleNATIONAL ARTS THEATRENational Arts Theatre RenovationNational theatre
Previous Post

Covid-19: FG Condemns UK Travel Ban

Next Post

Buhari Takes Lead of Pan African Great Green Wall

Segun Adewunmi

Segun Adewunmi

Related Posts

CBN Advises Banks, Financial Institutions On Open Banking

CBN Advises Banks, Financial Institutions On Open Banking

by kindness Ike
July 6, 2022
0

The Central Bank of Nigeria (CBN) has advised banks and other financial institutions to embrace opportunities represented in open banking...

Euro Slumps As Recession Risk Stalks Eurozone

Euro Slumps As Recession Risk Stalks Eurozone

by kindness Ike
July 6, 2022
0

The euro on Tuesday slumped to its lowest level since 2002 and European stock markets sank as growing recession risks...

Next Post
Senate Rejects Buhari’s $700m Loan Request To Fund Water Project

Buhari Takes Lead of Pan African Great Green Wall

Please login to join discussion

Recommended

Nigeria’s Economy to Benefit as TNOG Oil and Gas Firm Secures $1.1bn Mining License

Nigeria’s Economy to Benefit as TNOG Oil and Gas Firm Secures $1.1bn Mining License

1 year ago
Court Remands Man for Alleged Sexual Harassment of Teenager in Lagos

Okada Rider Jailed For Life For Defiling Minor

4 months ago

Popular News

    Newsletter

    Connect with us

    Tags

    #EndSARS #EndSARS Protests 2023 Elections 2023 polls 2023 Presidency ACCIDENT All progressives Congress APC Babajide Sanwo-Olu Bitcoin CBN Central Bank of NIgeria China Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Covid-19 Worldwide Cryptocurrency Donald Trump Dubai EFCC Federal Government Federal Government of Nigeria Fraud Gov. Sanwo-Olu Insecurity Lagos state Lagos State Government Lagos State House of Assembly Lagos State Police command LASEMA Latest jobs in lagos Lekki Tollgate Shooting Muhammadu Buhari Murder NDLEA Nigeria Rape Russia Strike action UK United states US

    News

    • Business
    • National
    • Politics
    • Tech

    Opinion

    • Editorials
    • Today’s Opinion
    • Letters
    • Sunday Review
    • Advertise
    • Opinion
    • Features & Interviews
    • Investigation
    • Contact

    © 2020 The Lagos Today - Nkali.

    No Result
    View All Result
    • Home
    • News
      • Lagos News
      • National News
      • World News
    • Entertainment
    • Opinion
    • Business
    • Features & Interviews
    • Best Of Lagos
    • Things To Do

    © 2020 The Lagos Today - Nkali.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    %d bloggers like this: