The Ministry of Art, Culture, and the Creative Economy has commended the Bankers' Committee for their pivotal donation that has aided the ongoing renovation and revitalization of the National Theatre in Nigeria. This Public-Private Partnership between the Ministry and the Bankers' Committee reflects their shared commitment to preserving Nigeria's rich cultural heritage while fostering economic growth through the creative sector.
Minister Hannatu Musawa stated that the successful renovation of the National Theatre marks a significant milestone in the collective effort to preserve essential cultural assets and create new opportunities within the creative industry. The renovation not only breathes new life into this historic venue but also generates jobs, supports local artists, and enriches the surrounding community.
Musawa emphasized that the collaboration between the Ministry and the Bankers' Committee serves as a solid example of the private-public partnerships championed by the President's Renewed Hope Agenda. She stressed the importance of such partnerships in driving national progress, particularly in the cultural sector, and expressed the Ministry's commitment to deepening this partnership and replicating it with other private institutions to further advance Nigeria's creative economy.
The National Theatre is poised to deliver even greater contributions to Nigeria's cultural landscape, with plans to transform it into a state-of-the-art multi-use venue, implement new and dynamic programming, and launch training and community programs. The Ministry is committed to introducing innovative programming that reflects the diverse and dynamic nature of Nigeria's creative sector, engaging audiences of all ages and backgrounds and fostering a deeper connection to the arts.
To further support the creative industry, the Ministry has also announced the renaming of the Wole Soyinka Centre for Culture and the Creative Arts, in tribute to one of Nigeria's literary giants. This move not only honors the legacy of Wole Soyinka but also signifies the Ministry's commitment to promoting cultural excellence.
The Minister applauded the partners, stakeholders, and the broader community for their invaluable support, stating that the future of Nigeria's creative sector is bright, and they are proud to stand together as they move forward. The successful renovation of the National Theatre and the strengthening of public-private partnerships in the creative economy showcase Nigeria's commitment to preserving its cultural heritage and unlocking the full potential of its vibrant creative sector.
Business
Kenya Ports Authority Eyes Growth as Messina Line Makes Historic First Full Container Vessel Docking
The Kenya Ports Authority (KPA) expects to see a surge in cargo volumes following the successful docking of the first full container vessel from the Ignazio Messina Line at the Port of Mombasa.
IPMAN to Meet Dangote Refinery: Clearing the Air on Petrol Pricing and Marketers' Alleged Boycott
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced plans to engage in discussions with Dangote Refinery regarding its petrol pricing strategy and distribution.
Nigeria's Central Bank Implements New Rules for Electronic Payments: What You Need to Know
The Central Bank of Nigeria (CBN) has introduced new regulations requiring all Payment Service Providers to channel transactions from Point of Sale (PoS) terminals through approved, licensed Payment Terminal Service Aggregators (PTSA).
President Ruto Hails Hustler Fund’s Transparency, Urges Swift E-Procurement Law to Tackle Corruption
President William Ruto has lauded the Hustler Fund for its transparent, technology-driven loan processing and called on Members of Parliament to expedite the e-procurement law to combat corruption effectively.
UBA Appoints Chukwuma Nweke as New Deputy Managing Director
United Bank for Africa (UBA) has named Chukwuma Nweke, who previously held roles of chief operating officer and executive director, retail & payments, as a deputy managing director.
The Ghana Report Launches Groundbreaking Jobs & Entrepreneurship Fair to Tackle Rising Unemployment
The Ghana Report has launched its maiden Jobs & Entrepreneurship Fair, in an effort to tackle Ghana's rising unemployment rate.
Breakthrough for Nigerian Universities: Federal Government Exempts Research Grant Funds from Treasury Single Account
The federal government of Nigeria has directed the exclusion of third-party research grant funds of federal universities and research institutions from the Treasury Single Account (TSA).
Nigeria Grants License for First Floating LNG Facility to Boost Gas Production
The Nigerian Minister of State, Petroleum Resources (Gas), Hon.
Nigeria's Petrol Prices Set to Change as Dangote Refinery Gains Power Over Pricing
Nigeria’s petrol prices could see a significant shift from October, with Dangote Petroleum Refinery playing a key role in determining market rates, according to a recent Bloomberg report.
Gachagua Urges New KTDA Directors to Fast-Track Reforms and Boost Farmer Earnings
Deputy President Rigathi Gachagua has called on the newly elected Kenya Tea Development Agency (KTDA) directors to expedite the implementation of tea sector reforms aimed at increasing farmers' earnings.
China's Xi Jinping Pledges Over $50 Billion in African Financing to Boost Infrastructure and Trade Cooperation
Chinese President Xi Jinping has pledged more than $50 billion in financing to Africa over the next three years, aiming to strengthen ties in infrastructure, trade, and other key sectors.
Kenya’s Private Sector Bounces Back After Protests, Records First Growth in Three Months
Data released on Wednesday indicates that Kenya’s private sector activity saw growth in August, marking the first growth in three months as the economic uncertainty triggered by anti-government protests eased.
Safaricom Tops List as Kenya’s Most Admired Brand in New Report
In a new report by Capital Club and Brand Africa, in collaboration with the Gina Din Group, Safaricom has been named the most admired brand in Kenya.
Nigerian Breweries Launches N599 Billion Rights Issue to Strengthen Capital Base
Nigerian Breweries Plc has officially received clearance from the Securities and Exchange Commission and NGX Regulation Limited for its proposed Rights Issue.
President Ruto Secures Concessional Funding for Kenya by Joining Asian Infrastructure Investment Bank
President William Ruto has officially signed an agreement for Kenya to become a fully paid member of the Asian Infrastructure Investment Bank (AIIB), granting the country access to concessional funding for critical state projects.