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FG hands over National Theatre to CBN, banks for establishment of creative Industry Park

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The Federal Government has handed over the National Theatre to the Central Bank of Nigeria (CBN) and the Bankers Committee for the development of creative industry Park.

Godwin Emefiele, governor of the CBN disclosed this on Monday at a creative Nigeria summit in Lagos. He said the Babajide Sanwo-Olu, governor of Lagos State is supporting the development with additional 40 acres of land around the National Theatre and that banks will take over on Wednesday.

“Our goal through the establishment of these parks is to create an environment where startups and existing businesses can be incubated and rewarded for their creativity”.

He said so far, the CBN and the Bankers Committee intend to support this creative venture with N22 billion of initial funds.

NIPC INTELLIGENCE

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