Tag: Bankers’ Committee

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AFRIMA lauds Tinubu, CBN for National Theatre revamp

The All Africa Music Awards has commended President Bola Tinubu, the Central Bank of Nigeria, and the Bankers’ Committee for their role in the successful revamp and unveiling of the National Theatre, Iganmu, Lagos.

AFRIMA, in a Wednesday statement, described the restoration of the cultural landmark as a bold step in safeguarding Nigeria’s creative heritage and empowering the arts sector.

The historic edifice, originally opened in 1976, has been revamped and upgraded as part of efforts to reposition Nigeria’s creative economy. The project, undertaken by the CBN and the Bankers’ Committee as part of their commitment to giving back to the nation, was unveiled during the country’s 65th Independence anniversary celebrations on Wednesday.

The Bankers’ Committee had in July announced the completion of the renovation and upgrading of the facilities at the theatre.

The renovation covered different spaces, including the 4,000-seater main bowl, over 3,000-seater banquet hall, exhibition halls, cinemas, VIP spaces, actors’ changing rooms, industrial kitchen, over 300 new toilet cubicles, clinic, fire station, lobbies within the four National Theatre entrances and extensive roof repairs.

AFRIMA President and Executive Producer, Mike Dada, described the development as a milestone for Nigeria’s cultural industries and a symbol of renewed confidence in the creative sector.

“The National Arts Theatre has played a crucial role in nurturing African creativity, serving for decades as a hub for music, theatre, film and cultural festivals. Its revival speaks volumes about Nigeria’s vision and the dedication of stakeholders like the CBN and the Bankers’ Committee to supporting the creative economy. This is not just a building restored, but a renewal of cultural confidence and an investment in future generations of Nigerian and African talent,” Dada said.

Beyond the theatre, AFRIMA used the occasion to congratulate Nigeria on its 65th Independence Anniversary. Dada hailed the country’s resilience and influence in shaping Africa’s creative and cultural industries, pointing to its leadership in music, film, fashion and digital culture.

“On behalf of the International Executive Committee of AFRIMA, I extend heartfelt congratulations to Nigeria as the country marks 65 years of independence. Nigeria remains a vital partner to AFRIMA and a key pillar of Africa’s cultural identity. Its creative energy continues to inspire not just the continent but the world,” he added.

He further noted that Nigeria’s role as host of the 9th AFRIMA had amplified African music on the global stage while promoting unity across the continent.

AFRIMA reaffirmed its commitment to promoting African music, nurturing young talent and using culture as a tool for continental pride and development. (Punch)

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Tinubu: Stop negative talk, National Theatre revival shows Nigeria will succeed

President Bola Ahmed Tinubu, Wednesday, urged Nigerians to stop speaking negatively about the country, declaring that Nigeria is a nation of proud, confident, and dedicated people destined for success.

Speaking at the reopening of the renovated National Theatre, now the Wole Soyinka Centre for Culture and the Creative Arts, which coincided with the nation’s 65th Independence Anniversary.

Tinubu said the landmark’s revival was proof that the country could overcome setbacks and achieve greatness.

“Let’s believe in Nigeria, let’s put this country first. If you have a bad dream, forget it—Nigeria will succeed,” the President told the gathering, adding: “This is the giant of Africa; it won’t fall, it won’t disintegrate in my hands.”

Tinubu said the theatre’s rebirth must create jobs and expand opportunities in the creative economy. He directed CBN Governor, Olayemi Cardoso, and the Bankers’ Committee to set up an endowment fund, pledging his own contribution.

“The worst is over; we have turned the corner. With proper management, prosperity will come,” he assured.

 Speaking at the event, Governor of the Central Bank of Nigeria (CBN) said the transformation of the National Arts Theatre into the Wole Soyinka Centre for Culture and the Creative Arts is a strategic investment in Nigeria’s youths, Nigeria’s stories and rightful place on the global  cultural stage.

The CBN Governor explained that the ₦68 billion funding from the Bankers’ Committee was not corporate social responsibility but a deliberate stake in the creative economy.

“This is more than a building; it is an investment in our youths, in our stories, and in Nigeria’s rightful place on the global stage,” he said.

He recalled the Theatre’s FESTAC ’77 legacy, years of neglect, and its revival into a modern hub with world-class performance halls, cinemas, galleries, and upgraded facilities.

He commended President Bola Tinubu, Lagos State, and cultural partners, urging that the Centre remain a beacon of creativity and national pride.

Nobel Laureate, Prof. Wole Soyinka, has applauded the Bankers’ Committee for championing the transformation of the National Arts Theatre, describing it as a landmark rebirth of Nigeria’s cultural pride.

Soyinka said he accepted the honour with mixed feelings, warning against the indiscriminate naming of monuments after leaders. He recalled challenging a past ruler for dedicating a public space to “a brutal dictator.”

The playwright lamented the neglect of Africa’s theatre pioneers but praised those who turned the once-derelict complex into a world-class hub. With humour, he recalled how poor design once “nearly electrocuted actors” during performances.

Soyinka thanked President Bola Tinubu, Lagos State, and the Bankers’ Committee, urging that the revived theatre remain a stage for African creativity, unity, and global cultural expression.

Governor Babajide Sanwo-Olu has hailed the restoration of the National Arts Theatre, now renamed the Wole Soyinka Center for Culture and Creative Arts, as a landmark in Nigeria’s cultural revival.

Sanwo-Olu said the theatre, once host to FESTAC ’77 but later abandoned, has been restored through federal, state, and private collaboration. He described it as a foundation for future creative possibilities and a global hub for culture.

The renaming honours Nobel Laureate Wole Soyinka, while Sanwo-Olu praised Tinubu’s support, calling the edifice a beacon of unity, pride, and Nigeria’s artistic rebirth. (Vanguard)