The National theatre in Lagos is due to be rehabilitated with the funds which the Central Bank of Nigeria, CBN and the Bankers Committee will provide.
The Minister of Information and Culture, Lai Muhammed, made the disclosure during the visit to the National Theatre.
He said the rehabilitation project will help to create employment opportunities for Nigerian youths across multiple sectors and in supporting Mr. President objective of creating job opportunities for Nigerians.
He said harnessing the talent of the Nigerian youth in the creative industry will lead to the build up of a resilient economy.
He also said the creative centre, which includes movies, music, fashion ad ICT can be a key source to the economic growth of Nigeria.
He stated that Nigeria has the potential of generating $20 billion dollars annually from the creative industry.
He noted that the National Theatre at Iganmu, Lagos, is expected to be a starting point for the Nigeria Creative Industry Centres. He said centres in Kano, Port Harcourt and Enugu will soon follow.
He said when the National Theatre is fully rehabilitated, it will be able to support skill acquisition and job creation for over a million Nigerians over the next 5 years.
The idea was to empower Nigerians with funds at single digit interest rates with the aim of giving high level training with the state of the art tool and network, which will make Nigerians to turn their idea into reality.
It is said that 6000 jobs will be created during the construction phase and when the rehabilitation project is completed, it will generate 600 permanent jobs with 3000 call on and call off jobs.