Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has said revamping the National Arts Theatre would be a spur to unlocking the estimated $25 billion value of Nigeria’s creative sector.
Speaking yesterday in Lagos during a tour of the refurbished National Arts Theatre, a project undertaken in partnership with the Bankers’ Committee, Cardoso highlighted its potential as a transformative driver of economic growth.
He emphasised that beyond revitalising a historic landmark, the initiative would stimulate job creation, attract investments, and position Nigeria’s creative sector as a significant contributor to national GDP.
He said, “It is estimated that the creative sector can potentially generate about $25 billion, and this, to my mind, will be a great catalyst for that to happen. As this unfolds, it will drive prosperity, not just for creatives, but for all Nigerians.
“It will also serve as a powerful signal for collaboration once a project of this scale succeeds, others will take a cue.”
