The Federal Government has over the National Arts Theater to the Bankers Committee for transformation into the Lagos Creative and Entertainment Centre. 

This follows the Memorandum of Understanding and contract award signing ceremony held in Lagos between the Federal Government, represented by the Minister of Information and Culture, LAI MOHAMMED, and the Bankers Committee, represented by the Governor, Central Bank of Nigeria, GODWIN EMEFIELE.

Speaking at the ceremony, EMEFIELE said that the reconstruction and refurbishment of the National theater as well as the proposed Lagos Creative and Entertainment Center will be completed in 15 months, with 35,000 jobs created in the process.