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Why we invested in national theatre – Bankers’ Committee

The complete restoration of the old National Theatre described as a national monument in Lagos has reached an advanced stage as the Bankers’ Committee said it is on the verge of completing the renovation and upgrading of facilities at the National Theatre in Iganmu.

The committee spoke during a media parley and tour of the new-look National Theatre complex.

The renovation exercise commenced in July 2021 following approval by the federal government and the subsequent handover of the national edifice to the Bankers’ Committee.

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The facilities were upgraded to match the best standards of theatre and performance in the world.

The entire Heating, Ventilation, and Air Conditioning (HVAC) system was replaced, fire safety standards, upgraded power, water supply, and sewage systems were all replaced.

Interior design was upgraded with the installations of Audio Video Lighting (AVL), world stage engineering system, 11 lifts, solar power, new furniture for spaces and restoration of Artworks including those on the internal wall panels and the building façade.

The renovation works cover different spaces, including the 4,000-seater main bowl, over 3,000seater banquet hall, 2-nos. exhibition halls, 3-nos. 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. 

Group Chief Executive Officer, Guaranty Trust Holding Company Plc. (GTCo), Mr Segun Agbaje, said, “I don’t think there are many countries in Africa that have the talent that we have in entertainment and the arts.  All you can do when you have talented people, is to give them a platform to showcase their best. We will try to give a platform, where Nigerians who are in my opinion the best, have a chance to show the world that they are the best….” 

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