Bankers’ Committee Unveils Revamped National Theatre, Restoring National Pride

The Bankers’ Committee is nearing the completion of an ambitious renovation project that promises to restore the National Theatre in Iganmu, Lagos, to its former glory. Announcing the progress during a media event on Tuesday, committee members showcased the significant upgrades made to the iconic structure.

The renovation, which began in July 2021, followed approval from the Federal Government and the subsequent transfer of the National Theatre to the Bankers’ Committee. The restoration aims to enhance the venue’s role as a hub for the creative sector, fostering job creation, economic growth, and cultural development.

The comprehensive overhaul includes a complete upgrade of the Heating, Ventilation, and Air Conditioning (HVAC) systems, improved fire safety measures, and the replacement of essential utilities such as power, water supply, and sewage systems. Key improvements also feature the installation of state-of-the-art Audio Video Lighting (AVL) systems, a new world stage engineering system, 11 lifts, solar power, and modern furniture. Artworks, including those on internal walls and the building facade, have been meticulously restored.

The renovation spans several areas within the National Theatre, including the 4,000-seat main auditorium, a 3,000-seat banquet hall, two exhibition halls, three cinemas, VIP spaces, actors’ changing rooms, an industrial kitchen, over 300 new toilet cubicles, a clinic, fire station, and various lobbies. Extensive roof repairs have also been completed.

Mr. Segun Agbaje, Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCo), emphasized the significance of the project, stating, “Africa is rich in talent within entertainment and the arts. Our goal is to provide a platform where Nigerians can showcase their exceptional abilities to the world.”

The National Arts Theatre, originally built during General Yakubu Gowon’s military regime and completed in 1976 under Olusegun Obasanjo’s administration, was inaugurated during the Second World Black and African Festival of Arts and Culture (FESTAC ’77). The renovations are set to reestablish the venue as a premier location for cultural and artistic events.