The Bankers’ Committee has proudly announced the successful restoration and modernization of the National Theatre. This extensive renovation, which began in July 2021 after receiving approval from the Federal Government, marks a significant milestone in preserving and enhancing one of Nigeria’s most iconic cultural landmarks. The project was handed over to the Bankers’ Committee to spearhead the transformation.
The initiative was driven by the Committee’s vision to tap into the vast potential of Nigeria’s creative sector, providing a vibrant platform for the country’s youth. Once fully operational, the revamped National Theatre is expected to become a major hub for creativity and entertainment, offering job opportunities, generating revenue, and boosting foreign exchange earnings. It will serve as a dynamic community space where Nigerian youth can explore their talents and thrive.
The renovation encompasses a wide range of facilities, including the 4,000-seater main bowl, over 3,000-seater banquet hall, two exhibition halls, three cinemas, VIP areas, actors’ dressing rooms, an industrial kitchen, more than 300 new toilet cubicles, a clinic, a fire station, and extensive roof repairs. The lobbies at all four entrances of the National Theatre have also been given a significant upgrade.
During a tour of the monument on Wednesday, Mr. Abubakar Suleiman, Managing Director/Chief Executive Officer of Sterling Bank Group and a representative of the Bankers’ Committee, shared insights into the scale of the project. “At the start, we were astounded by the extent of work required, but equally inspired by the immense possibilities it held. This is one of the largest projects of its kind on the continent,” he remarked, highlighting that the restored edifice now meets world-class standards.
“The renovation of the National Theatre by the Bankers’ Committee exemplifies the power of patriotism and collective responsibility. It showcases the private sector’s ability to collaborate with the Federal and Lagos State governments to reignite hope and breathe new life into our national monuments and assets,” he added.
The upgraded facilities now align with the highest global standards for theatre and performance. The upgrades include a complete overhaul of the Heating, Ventilation, and Air Conditioning (HVAC) systems, enhanced fire safety measures, upgraded power supply, and the replacement of water and sewage systems. The interior design has been modernized with advanced Audio Video Lighting (AVL) installations, a state-of-the-art stage engineering system, 17 passenger lifts, solar power, new furnishings, and the restoration of artworks on the internal wall panels and building façade. External renovations include the refurbishment of the three entrance gatehouses, construction of four themed landscapes, a car park accommodating 250 vehicles, a ring road, and the installation of street lighting and CCTV cameras.
Mrs. Kafilat Araoye, Managing Director of Lotus Bank Ltd and another representative of the Bankers’ Committee, described the renovation as the “rebirth of a national treasure and a restoration of our culture and heritage.” She expressed excitement and pride in the work accomplished, emphasizing the significance of the project.
Lagos State Governor, Mr. Babajide Sanwo-Olu, in his remarks, stated, “Upon completion, the Wole Soyinka Center for Culture and the Creative Arts (National Theatre) will not only be a center for arts, tourism, and culture but will also serve as a venue for the international community to convene for conferences and enjoy world-class performances.”
The National Arts Theatre was originally constructed during the military regime of General Yakubu Gowon and completed in 1976 under the Olusegun Obasanjo administration. Its completion coincided with Nigeria’s hosting of the Second World Black and African Festival of Arts and Culture (FESTAC ’77) in January 1977, marking a historic moment in the nation’s cultural evolution.
