The Governor, Central Bank of Nigeria, CBN, Olayemi Cardoso, has called on Nigerians to take ownership of the revitalised National Arts Theatre as a vital repository of the nation’s history and culture.
Cardoso made the call in Lagos, highlighting the significant cultural value of the National Arts Theatre, as he emphased that it embodies the essence of the Nigerian people.
The CBN governor noted that Nigeria’s creative sector has the potential to generate an estimated 25 billion dollars, acting as a powerful engine for broader economic growth.
He said that the years of neglect had led to the theatre’s decline since its heyday during and after FESTAC 77, just as he expressed satisfaction with the current restoration, noting that the project meets international standards.
Cardoso therefore emphasised that the restoration was driven by a desire to unlock the creative sector’s potential for Nigeria’s youth.
9News Nigeria recalls that the renovation of the National Arts theatre began in July 2021, following approval by the federal government and the subsequent handover of the national edifice to the Bankers’ Committee.
According to analysts, the monument is expected to be a vibrant creative and entertainment hub that would generating jobs, boosting income and attracting foreign exchange. The extensive renovation encompassed numerous areas, including the 4,000-seat main bowl, the 3,000-seat banquet hall, exhibition halls, cinemas, VIP areas, and essential facilities like kitchens, clinics, and fire stations.
