Headlines
Nigeria’s National Theatre Attracting FDIs, Ready November, Says Central Bank Chief Emefiele

By Derrick Bangura
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Saturday said the Bankers’ Committee’s efforts to renovate and emplace a modern National Arts Theatre were yielding fruits as the monument as well as the creative industry were already attracting the interest of foreign investors.
Emefiele made this revelation during an assessment tour of the National Arts Theatre facility.
With him were the Lagos State Governor, Mr Babajide Sanwo-Olu; Minister of Information and Culture, Alhaji Lai Mohammed; Minister of Youth and Sports Development, Mr Sunday Dare; Group Managing Director/Chief Executive Officer, Access Bank Plc, Mr Herbert Wigwe; and the Group Chief Executive Officer (GCEO) of the Guaranty Trust Holding Company Plc (GTCo), Mr Segun Agbaje, as well as other stakeholders.
“I’m extremely elated to be here this afternoon on the occasion of the second inspection of this very big project. But again, we will not stop thanking Mr President, because it is his vision that we must provide some space for our youths in Nigeria, through the creative industry.
“What we are trying to do here is to do a total rejuvenation of Lagos State, by really redeveloping this masterpiece right at the centre of Lagos that will be linked with the rail to ensure this project works. For the avoidance of doubt, this project is costing the Bankers’ Committee, by the last estimate, about $100 million, and I must say that, yes, $100 million or more will be invested in this project, but it is going to be business where the monies will be realised again.
“I am happy that foreign investors are already showing interest and I want to place it on record that, we have received enquiries from investors in the United States, who have said that they are interested in taking a look at not just the National Arts Theatre, but also the creative opportunities that we are developing around here. So, I must say that this is exciting for us at the Bankers Committee and also at the Central Bank of Nigeria,” he said.
Speaking on the completion of the project, Emefiele noted: “Our target is that by the special grace of God, Mr President will commission the new National Arts Theatre by November. And we are hoping also on the day he commissions the new National Art Theatre; he is also going to lay the foundation for the four verticals – the music, the movie, IT as well as the fashion hub.”
According to him, “by the time president is about bowing out by May next year, he would come again and now re-commission not just the national asset, but the entire edifice comprising the four vertical hubs so that there will be immense business opportunities, enough of tourism, enough of creative sector businesses that will be generated, not just for Nigeria but particularly for our youths who have shown a lot of creative talents and we think we need to use this opportunity to harness it.
“I’m getting excited because we are hoping that sometime by the end of this year, there will be some programmes and global activities will be hosted in this complex. We would be talking to ArtX gallery and hopefully, by this year we can bring the ArtX exhibition into this complex because we know that by November, this place will be ready so that we can begin to bring this place back to us again and then put life into the tourism life in Nigeria and particularly in Lagos State,” he added”
On his part, the Minister of Information, Culture, Mohammed, promised that the National Theatre would be inaugurated by President Buhari in November to open the venue for reputable international events, guaranteeing that the full completion would happen before the president’s tenure elapses.
“It seems very hopeful now that the new National Theatre will host the United Nations, World Health Organisation sometime in November this year and also some other global events. From what you see, you may not appreciate half of what has gone on. I think we have crossed the Rubicon and by the time we come back in two months we will all see that a lot of work had been buried under,” he added.
On his part, the Minister of Youth and Sports Development, Dare said he was “excited about this and we look forward to November when it will be completed.”
Also commenting, Lagos State Governor, Sanwo-Olu said: “What all of this is about is creating that enabling environment. This whole project will not do everything. There is still going to be a whole lot more in the years ahead that people still need to do. But we are breaking all of the barriers, breaking all of the challenges that we have and we are writing this sector, we are writing their names in gold.”
Headlines
NNPC Foundation Trains Over 3,000 Southwest Farmers in Climate-Smart Agriculture

In a bid to promote food security and sustainable agricultural practices, the NNPC Foundation has successfully trained more than 3,000 farmers in the South-West geopolitical zone on climate-smart and modern farming techniques.
The training, which concluded on Friday in Ikorodu, Lagos, marked the end of the Southwest phase of the foundation’s pilot programme aimed at empowering local farmers and boosting agro-productivity.
Speaking at the closing ceremony, Managing Director of the NNPC Foundation, Mrs. Emmanuella Arukwe, described the initiative as a milestone in the lives of thousands of farmers.
“Today marks the formal conclusion of the first phase of a national journey that speaks to resilience, food security, and economic empowerment,” Arukwe said.
“What began as a bold decision to support small holder farmers has translated into tangible action across three geopolitical zones (South-East, South-South, and South-West) in Southern Nigeria.”
She disclosed that a total of 3,860 vulnerable farmers across 10 locations in the three regions were trained in sustainable farming practices that improve productivity and market access.
“This achievement is not just a number, but a milestone in the lives of real people and real communities. We were able to strengthen farmers’ capacity to adapt to climate change,” she added.
“Through the training, we were able to improve access to markets, promote inclusive agriculture and especially gender representation. We also trained them on enhancing food production through sustainable techniques.”
Arukwe noted that the programme would now move to the North-West, North-Central, and North-East zones as part of its next phase, saying the foundation is committed to supporting livelihoods nationwide.
“This is only Phase One. We will now turn our focus to the North-West, North-Central, and North-East zones. What we have achieved in the South will inform and strengthen our next steps,” she said.
“The NNPC Foundation will continue this mission, to support livelihoods, build resilience, and empower the hands that feed our families and beyond.
We have decided that most times you get a lot of requests from people asking us to give them palliatives and all kinds of things to help them.
But we think it is much better to teach people to fish than just give them fish so they can continue,” Arukwe explained.
Chairman of Ikorodu Local Government, Mr. Wasiu Adesina, while commending the initiative, urged the beneficiaries to apply the knowledge gained to boost productivity and profitability.
“As we all know, agriculture is the bedrock of any nation. Without agriculture, there will not be a nation, because there will be no food to eat,” Adesina stated.
“It is the farmers that produce our food, and it is important that we train our farmers with new techniques in agriculture, and that is exactly what the NNPC Foundation is doing.
“To the farmers, you have to take advantage of this training and face the farming squarely. In some great countries like the United States and the United Kingdom, farmers are the most richest people in those countries.
“This is because they make a lot of money from farming. We need to inculcate that habit in Nigeria and develop ideas in farming. Even after my tenure, I am going back to farming, so, maybe I will ask the NNPC Foundation to train me so that I also join you to be a farmer.”
He appealed to the foundation to provide further empowerment for the trained farmers to help them kickstart their agricultural ventures.
“If the farmers have land for farming, I believe the foundation will provide financial aid to keep their farms running,” Adesina added.
Also speaking at the event, the Lagos State Commissioner for Agriculture and Food Systems, Ms. Abisola Olusanya, represented by the Director of Fisheries, Mrs. Osunkoya Daisi, lauded the Foundation’s efforts in bolstering the state’s food security.
“On behalf of the Lagos State Government, we would like to express our sincere appreciation to NNPC Foundation for training our farmers and for training all the farmers all over the country,” she said.
“Definitely, the training will help improve food production. We can see the impact of climate change effects in agriculture. I am sure farmers have been equipped with climate-smart agriculture techniques to improve production.”
The NNPC Foundation Ltd/Gte is the Corporate Social Responsibility (CSR) arm of the Nigerian National Petroleum Company (NNPC) Limited. It was incorporated in February 2023 to manage the company’s CSR initiatives and enhance Nigeria’s socio-economic development.
Education
NUC grants ESUT full accreditation for Law, 7 other programmes

The National Universities Commission, (NUC), has given full accreditation to the Enugu State University of Science and Technology (ESUT), for her Law programme.
According to the Public Relations Officer of ESUT, Mr Ikechukwu Ani, this is contained in a letter addressed to the institution’s Vice Chancellor, Prof. Aloysius Okolie, on Wednesday in Enugu by the NUC.
Ani said that in the letter, the Executive Secretary of NUC, Prof. Abdullahi Ribadu said the report was contained in the result of the October/November 2024 accreditation of academic programmes in Nigerian universities.
Ani disclosed that other programmes in the institution accredited by the NUC include Master of Science in Business Management; Education Computer Science; Education Physics and Agricultural Engineering.
Other accredited programmes he said were Quantity Surveying; Urban and Regional Planning; and Applied Microbiology.
He said that the letter quoted Section 10 (1) of the Education National Minimum Standard and Establishment of Institutions, Act CAP E3, Laws of the Federation of Nigeria 2004 as empowering the NUC to lay down minimum academic standards for all academic programmes taught in Nigerian universities.
He said the session also empowers the NUC to accredit such programmes.
Crime
Court remands 2 over alleged attempted murder

An Ikeja Magistrates’ Court, Lagos, on Wednesday, remanded two persons, Olaitan Fasasi and Kehinde Tobiloba in a correctional facility over alleged attempted murder.
Fasasi, 40, and Tobiloba, 26, whose addresses were not provided, are being charged with conspiracy, attempted murder and membership of a secret society.
The Magistrate, Mr L.A Owolabi, did not take the plea of the defendants for want of jurisdiction.
Owolabi directed the police to forward the case file to the Director of Public Prosecution for legal advice.
He thereafter adjourned the case until May 31 for mention.
The Prosecutor, Josephine Ikhayere, told the court that the defendants committed the offences at about 5.02p.m on Feb. 15, at Mushin, Lagos.
She said that Fasasi, Tobiloba and others now at large, attempted to commit murder by shooting at a resident, Alfred Ademola.
“They armed themselves with a locally made gun. They belong to Eiye Confraternity, a group proscribed by law,”, she said.
Ikhayere said that the offences contravened Sections 230(1) and 411 of the Criminal Law of Lagos State, 2012.
He said that the actions of the defendants also contravened Section 2(3)(a)(b)(c)(d) of the unlawful societies and Cultism Law of Lagos State Law.
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