The Federal Government has handed over the National Theatre to the Central Bank of Nigeria (CBN) and the Bankers Committee for the development of creative industry Park.
Godwin Emefiele, governor of the CBN disclosed this on Monday at a creative Nigeria summit in Lagos. He said the Babajide Sanwo-Olu, governor of Lagos State is supporting the development with additional 40 acres of land around the National Theatre and that banks will take over on Wednesday.
“Our goal through the establishment of these parks is to create an environment where startups and existing businesses can be incubated and rewarded for their creativity”.
He said so far, the CBN and the Bankers Committee intend to support this creative venture with N22 billion of initial funds.
Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
