Project proposal received
Social & Health
Federal Ministry of Information and Culture
The overall aspiration of the federal government for this transaction is to ensure the full realization of the National Theatre’s master plan, as developed over 40 years ago. Following the rigorous activities and milestones carried out by the transaction adviser, National Theatre, and Ministry of Information and Culture, a revised master plan was developed and approved by the Infrastructure Concession and Regulatory Commission (ICRC).
The National Theatre was established as a multipurpose center for the preservation, presentation, and promotion of arts and culture in Nigeria. The National Theatre will also act as a catalyst for the development of the tourism and entertainment industry. Over the years, the 134-hectare facility was left significantly underutilized, with only the Theatre Complex, which occupies about 10 hectares of the land, in partial use.
The following complementary facilities are to be developed: five (5) star hotel; international shopping mall; water amusement park; multi-level car park; and office building development. A combination gas-fired and solar powered independent power plant will ensure twenty-four (24)-hour uninterrupted power supply. There will be world-class water and water treatment infrastructure for all the tenants within the facility. This will be provided as an expanded infrastructure to the existing two (2) million liters of water plant capacity currently serving the theatre complex. A robust sewage treatment infrastructure will take care of the enormous traffic and waste management that might potentially be experienced in the city.
A design, finance, build, operate, and transfer model has been adopted. This will ensure that the National Theatre entertainment city master plan is actualized. Because of the involvement of an independent regulator, the transaction is well guided, monitored, and operated. Finally, the PPP model will ensure that the impact of maintaining and sustaining this national cultural heritage and tourism attraction for the nation is realized.
A series of public enlightenment and engagement sessions have been held. The key principles identified for an effective change management and stakeholder engagement process include a clear vision; a change process that is clearly understood and well communicated; open and honest consultation with all stakeholders, including the opportunity for people to voice their fears and anxieties concerning the concession idea; clear and frequent communication with key stakeholders and public interest; and a mature, trusting relationship that is flexible and responsive to changing circumstances. We have resolved to deploy a robust benefits assessment and benefits realization plan throughout the construction phase and operation phase, to facilitate efficient project evaluation and progress re-assessment.
Information will be published as soon as it is available.
Full Business Case