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CBN, National Theatre

National Arts Theatre: Consortia want CBN to stop action on purported takeover

Two Nigerian companies, Topwide Apeas and Jadeas Trust, have called on the Infrastructure Concession Regulatory Commission, ICRC, the Bureau of Public Enterprise, BPE, and the Board of the National Arts Theatre, to prevail on the Central Bank of Nigeria, CBN, and Bankers’ Committee to cease all plans for the redevelopment of the National Arts Theatre Complex, Iganmu, Lagos.

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CIFI, National Arts Theatre and the industry

Nigeria’s creative industry accounts for 2.3 percent, approximately N239 billion of the nation’s GDP in 2016. Experts agree that the sector can be the Midas touch of Nigeria’s economy, especially in the areas of music and movie productions which have already experienced huge successes globally, even without any financial aid from the government.

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