The Central Bank of Nigeria and the Deposit Money Banks have disclosed their plans to transform the National Theatre at Iganmu in Lagos and make it a vibrant tourist centre.
The CBN Governor, Godwin Emefiele, who disclosed this on Monday during the Creative Nigeria Summit in Lagos, also said the apex bank would soon release N22bn to the creative industry.
The banks are expected to officially inaugurate the project today.
In this new drive to support the creative arts, areas to attract funds include movie, music, fashion, and the Information Communications Technology.
Emefiele said this was part of the banking sector’s efforts to harness the innovative and creative energy of the youths, towards enabling them to create productive ventures that would support improved wealth and job creation in Nigeria.