By our Reporter
The Federal Executive Council meeting presided over by President Muhammadu Buhari has approved a Memorandun of Understanding,(MoU) between the Central Bank of Nigeria,(CBN) and the Ministry of Information and Culture for the renovation of the National Theatre, Lagos.
The Ministry of Information and Culture under the leadership of Alhaji Lai Mohammed is responsible for maintaince of the said facility
The CBN and banker’s committee has promised to invest N21.894 billion to renovate and run the National Theatre profitably for a period of 21 years.
This was contained in a tweet by the special assistant on new media to President,Mr Ahmad Bashir.
The new arrangement will help give the popular edifice a facelift after it had been left unattended to by the previous government.