The Federal Government of Nigeria has revealed that the National Theatre in Iganmu, Lagos, which is currently under renovation, will be known as Lagos Creative and Entertainment Center upon completion.

Minister of Information and Culture, Lai Mohammed, disclosed this on Tuesday in Madrid, Spain while signing an agreement on Nigeria’s hosting of the first Global Conference on Cultural Tourism and Creative Industry.

Thelagostimes gathered that Nigeria and the United Nation World Tourism Organisation (UNWTO) sealed the pact at the organisation’s headquarters.

According to the Minister,  the global conference, which would hold from November 14 to 17, would be the first event to be staged at the newly refurbished edifice.

“Nigeria will be hosting the event at the National Theatre in Lagos, which is currently being renovated for $100 million under a partnership between the Federal Government of Nigeria and the Bankers’ Committee/Central Bank of Nigeria.

“It is the first of such renovation of the iconic edifice in over four decades.

“In addition to the renovation, new hubs are being constructed, within the premises of the National Theatre, for fashion, information, technology, film, and music.

“With that, the National Theatre is now known as the Lagos Creative and Entertainment Centre.

“In addition, the Lagos surface rail system, to serve the National Theatre, will be commissioned ahead of the Global Conference,’’ he said.

Thelagostimes gathered that the renovation costs $100million under a partnership between the Federal Government and the Bankers’ Committee/Central Bank of Nigeria (CBN).