Senate mulls N10bn national monuments in FCT 


The Senate Committee on Culture and Creative Economy, Tuesday, called for appropriation of N10 billion for the Ministry of  Arts, Culture, and Creative Economy for construction of national monuments in the Federal Capital Territory (FCT) Abuja.

Specifically, chairman of the committee, Sen. Ogoshi Onawo, made the appeal while presenting reports of the budget defence of MDAs under the committee to the  Appropriations Committee.

Onawo listed the proposed monuments to include the National Museum, National Gallery and National Theatre.

He said the new Ministry of Arts, Culture, and Creative Economy was a new ministry that will be an alternative revenue generator to oil revenue, given its potential to drive revenue generation and improve the nation’s economy.

He said the ministry has already developed a road map on what was needed to be done to further grow the nation’s economy.

He urged the Appropriation Committee to support the ministry  and  its agencies to drive its plans and programmes of further growth of the economy.

“The monuments, when established would create employment and revenue generation.

“The Central Bank of Nigeria (CBN ) and the Bankers’ Committee had taken over the renovation of the National Theatre Igumu Lagos, to make it more fitting and  productive for revenue generation.

“When completed, the theatre would be capable of generating N500 million for the nation,” he said.