{"id":171397,"date":"2022-04-02T22:19:37","date_gmt":"2022-04-02T21:19:37","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=171397"},"modified":"2022-04-02T22:23:17","modified_gmt":"2022-04-02T21:23:17","slug":"emefiele-national-theatre-renovation-gulped-100m-to-be-completed-november","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/04\/02\/emefiele-national-theatre-renovation-gulped-100m-to-be-completed-november\/","title":{"rendered":"Emefiele: National theatre renovation gulped $100m, to be completed November"},"content":{"rendered":"<p>Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has stated that the ongoing renovation of the National Arts Theatre is worth about $100 million in funding.<\/p>\n<p>The federal government in July 2020 handed over<span class=\"acssf62a8\">\u00a0the facility to the CBN and the Bankers\u2019 Committee.<\/span><\/p>\n<p>Emefiele while speaking on the<span class=\"acssf62a8\"> project on Saturday said foreign investors have also expressed interest.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cFor avoidance of doubt, this project is costing the bankers\u2019\u00a0 committee, by last estimates, about $100 million. More will be invested in this project, but it is going to be a business where the monies will be realised again,\u201d NAN quoted Emefiele as saying.\u00a0\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cI\u2019m happy that foreign investors are already showing interest.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cI want to place it on record that we have received enquiries from the United States from <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/23\/sanwo-olu-to-investors-we-have-sufficient-land-in-lagos\/\">investors<\/a> who have said that they are interested in taking a look at not just the National Arts Theatre, but also the creative opportunities that we are developing around here.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cSo, I must say that this is exciting for us at the Bankers\u2019 Committee and also at the Central Bank of<\/span> Nigeria.\u201d<\/p>\n<p><span class=\"acssf62a8\">Emefiele said President Muhammadu Buhari would, on the day of the inauguration, lay the foundation for the four verticals \u2013- the music, the movie, IT and fashion hub.<\/span><\/p>\n<p><span class=\"acssf62a8\">He thanked the Lagos government for actively supporting the project, adding that he was excited with the progress made so far.\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cI am getting excited because we are hoping that by the end of this year, there will be some programmes and global activities which will be hosted in this complex,\u201d he said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cWe would be talking to arts gallery and hopefully by this year, we can bring the arts exhibition into this complex because we know that by November, this place will be ready.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cSo, in November, we can begin to bring this place back to us again, and then put life into the tourism sector in Nigeria\u00a0 and particularly in Lagos state.\u201d<\/span><\/p>\n<p><span class=\"acssf62a8\">Also speaking, Lai Mohammed, minister of information, lauded the Bankers\u2019 Committee for providing the funding for the project.<\/span><\/p>\n<p><span class=\"acssf62a8\">Mohammed also thanked the Lagos government for providing the enabling environment, especially in the areas of rail transportation and the usage of the waterways.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cFrom what we have seen, a lot of work has been undertaken here since our last visit in December 2021,\u201d he said.\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cWe are satisfied with the progress that has been made. We are hopeful. And we have crossed the rubicon.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cBy the time we come back in two months time, we will all see that a lot of work has been buried under.\u201d<\/span><\/p>\n<p><span class=\"acssf62a8\">Babajide Sanwo-Olu, governor of Lagos, said that the project would further help grow the state\u2019s gross domestic product (GDP).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has stated that the ongoing renovation of the National Arts Theatre is worth about $100 million in funding. The federal government in July 2020 handed over\u00a0the facility to the CBN and the Bankers\u2019 Committee. Emefiele while speaking on the project on Saturday said foreign investors [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":107138,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[34252,1172,3108,34251],"class_list":["post-171397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-100-million-in-funding","tag-central-bank-of-nigeria","tag-godwin-emefiele","tag-national-threatre"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Emefiele: National theatre renovation gulped $100m, to be completed November<\/title>\n<meta name=\"description\" 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