The event which took place today In Lagos with Mr Babajide Sanwo-olu (Lagos State Governor), Alhaji Lai Mohammed (Minister of Information and Culture),Mr Godwin Emefiele(CBN Governor),Mr Sunday Dare( Minister of Youths and Sports), and other top officials.
The Federal Government today handed over the National Theatre Edifice to CBN and other banks to commence Renovation on the edifice, with the CBN Governor thanking and commending Mr President for trusting and approving the handling over of the property to the Bankers Committee to renovate the National Theatre.
“The handover of the National Theatre to the CBN /Bankers Committee is indeed timely when one considers the external headwinds facing our economy today.”
“The impact of COVID-19 on the global economy and the containment measures that have been put in place to contain the spread of the virus, has led to a slowdown in global growth which has also affected the Nigerian economy.”
“In addition to the public health challenge, our country is faced with a revenue shock primarily driven by the 40 percent drop in crude oil prices between January 2020 and now.
“Given our dependence on crude oil as a major source of government revenue, as well as for our foreign exchange earnings, these challenges have served to reinforce the need for stakeholders to promote policies and programs that will enable,”
“We must transform the national theatre to its glory days. The facility is to be transformed to international standard. The new centre would comprise hub for fashion, music, ICT and will have commercial and retail facilities, among others,”
