The Nigerian Government has no plan to sell one of the country’s national monuments, the National Theater located in Lagos, the former capital.

Minister of Information and Culture, Lai Mohammed revealed this in the city of Cannes in France during a round table discussion with some Nigerian television and online content developers on the sidelines of the 2017 MIPTV conference.

“For the record, there is no truth whatsoever about the selling of Federal Government asset (National Theater). What the government has entered into with the Lagos states government was to fix a national monument that would help as catalyst for the development of the creative industry and for national development.

The government of Lagos is embarking on the renovation so as to have a befitting place for the Lagos at 50 celebrations,” he said.
The Minister cleared the air on the issue and submitted that both the Lagos state and the Federal government stood to benefit from the renovation work.

“The idea of the renovation work was conceived on the premise of national development and also would serve as a catalyst for job creation, tax generation and a catalyst for the development for the creative industry,” Mohammed.
The projected sum for the renovation of the National Theater is N2.5 bn and work has since begun.