Metro
Access Bank and Rebirth of the National Theatre: Revitalising Nigeria’s Cultural Future
When the National Theatre Lagos first opened ahead of FESTAC ’77, an architectural marvel, a symbol of the cultural soul of a nation ready to introduce its artistic brilliance to the world. Modelled after the Varna Palace of Culture and Sports in Bulgaria and constructed between 1973 and 1976, the National Theatre was designed as an emblem of Nigeria’s ambition to be Africa’s cultural capital. Its 5,000-seat main hall, festival arena, exhibition spaces, and state-of-the-art acoustics made it one of the most sophisticated performance complexes on the continent.
Throughout the 1970s and 1980s, the Theatre became home to Nigeria’s most iconic productions, from Hubert Ogunde’s epic plays to international dance festivals, orchestral performances, film premieres, and global conferences. It was a beacon for African creativity, a place where culture, identity, music, and storytelling came alive. But by the early 2000s, the Theatre, though heavy with cultural memory, had fallen into disrepair. Years of inadequate maintenance, stalled concession agreements, and structural depreciation left the building struggling to meet modern technical and creative demands. The symbol of national pride had become a shadow of its past promise.
Recognising the scale of cultural loss and the opportunity embedded within it, the Bankers’ Committee, with Access Bank playing a pivotal role, initiated the largest cultural infrastructure revitalisation project in contemporary Nigeria. The decision was both strategic and patriotic: Nigeria’s creative industry, now contributing significantly to GDP through film, fashion, music, design, cultural tourism, and digital content, urgently needed a modern, centralised hub that could support global-standard production and creative entrepreneurship. Reviving the National Theatre would not only restore a national icon but also stimulate job creation, attract international collaborations, and reposition Lagos as a premier African creative economy hub.
The renewal of the National Theatre is therefore more than a restoration project; it is a necessary economic intervention, a cultural renaissance, and a visionary step toward building a more inclusive and future-ready Nigeria. And for Access Bank, supporting this transformation is a natural continuation of a long, deliberate commitment to art, culture, and creative empowerment.
Access Bank’s Legacy of Championing the Creative Economy
Well before Nigeria’s creative industry gained global recognition, Access Bank had positioned itself as a cultural investor and ecosystem builder. For over a decade, the Bank has supported transformational initiatives across music, visual arts, fashion, film, sustainability, and youth development.
Access Bank has helped spotlight emerging and established African artists on a global stage through partnerships and collaborations with platforms like ART X. The annual fair, now one of Africa’s most influential contemporary art events, has benefitted immensely from the Bank’s commitment to nurturing young talent, commissioning bold projects, and providing a meeting point for creators, collectors, and global art enthusiasts.
In film and entertainment, Access Bank has backed festivals, documentaries, youth-focused storytelling, and creative incubators, recognising that Nigeria’s cultural exports are among its most powerful global assets. Across literature, community theatre, design, and public art, the Access brand remains synonymous with innovation, creativity, and cultural elevation. The revival of the National Theatre is thus an extension of this commitment.
A Cultural Renaissance Rooted in National Development
The National Theatre project is designed as a two-phase undertaking. Phase One, already significantly advanced, focuses on restoring the original theatre structure. This includes upgrading the main stage, cinema halls, exhibition spaces, lighting systems, acoustics, seating, ventilation, and accessibility infrastructure. The goal is to return the iconic building to world-class functionality while preserving its historic architecture.
Phase Two introduces a modern Creative Industries Park, a multi-purpose development designed to house film production studios, music recording labs, fashion houses, IT and gaming centers, photography studios, coworking spaces, and training academies. This innovation hub is expected to host thousands of young creators annually, enabling them to produce, learn, collaborate, and scale ideas into globally competitive businesses.
With Access Bank’s involvement through the Bankers’ Committee, the project has attracted international partnerships, institutional investors, technical specialists, and creative collaborators. It is poised to become one of the most significant cultural and economic catalysts in West Africa.
In a world where creative exports have become a major source of national influence, from Nollywood films to Afrobeats, digital arts to global fashion, infrastructure is destiny. Nigeria’s young creators generate some of the world’s most consumed cultural content, yet the ecosystem has lacked the physical and institutional support systems needed to harness that potential fully.
The revitalised National Theatre is therefore a launchpad for Nigeria’s next creative era.
With Access Bank’s long-standing commitment to empowering Africa’s creative industries, the revival blends heritage with innovation, history with ambition, and art with economic development.
From art fairs to creative hubs, sustainability initiatives to youth empowerment, Access Bank continues to champion platforms that inspire, educate, and elevate communities across the country.
By supporting the transformation of the National Theatre, the Bank has once again placed itself at the heart of Nigeria’s cultural renewal, bridging past and future, preserving heritage, and building an ecosystem where creativity can thrive without limits.
By Tolulope A. Adegoke, PhD
“True nation building is not the work of the state alone, but a harmonious convergence where empowered peoples provide the foundation, innovative corporates generate the momentum, and visionary institutions ensure direction — together forging sustainable prosperity, social cohesion, and enduring national strength for current and future generations” – Tolulope A. Adegoke, PhD
Nation building is a deliberate and continuous process of constructing cohesive, resilient, and prosperous societies capable of realising their full potential. It extends far beyond political structures or state institutions to encompass three interdependent spheres: peoples (individuals and communities), corporates (businesses and private-sector organisations), and nations (governance institutions and the state). When these spheres are strategically aligned through sound principles and practical strategies, they generate all-round exploits — inclusive economic growth, social cohesion, innovation, human flourishing, and global competitiveness.
This comprehensive framework offers actionable guidance for sustaining productive and progressive development. It is grounded in universal principles validated by international development experience, economic history, and governance studies, making it relevant for scholars, policymakers, business leaders, and development practitioners worldwide.
Foundational Principles of Effective Nation Building
Successful nation building rests on six core principles that transcend cultural, geographical, and ideological differences:
Inclusive Human Dignity and Agency — Recognising every citizen as both beneficiary and active architect of national progress through equal opportunity and rights protection.
Institutional Integrity and Rule of Law — Building transparent, accountable institutions that foster trust and predictability.
Economic Dynamism and Shared Prosperity — Promoting broad-based growth that benefits individuals, businesses, and the state simultaneously.
Social Cohesion and Cultural Resilience — Forging unity while respecting diversity to create a shared national identity and purpose.
Adaptive Leadership and Long-Term Vision — Combining strategic foresight with the flexibility to learn and adjust.
Sustainable Resource Stewardship — Balancing present needs with intergenerational equity in environmental and fiscal matters.
These principles provide a universal compass for development, as evidenced by cross-national data from the World Bank’s Worldwide Governance Indicators and the UNDP Human Development Reports.
Core Strategies Across the Three Spheres
For Peoples (Individuals and Communities): Nation building begins with empowering citizens. Key strategies include universal access to quality education and skills development, robust health and social protection systems, community-driven development programmes, and targeted initiatives for youth and women empowerment. These efforts enhance social mobility, reduce vulnerability, and foster active civic participation.
For Corporates (Businesses and Private Sector): Corporates serve as the primary engine of wealth creation and innovation. Effective strategies involve creating an enabling business environment, promoting public-private partnerships, enforcing strong corporate governance and ethical standards, and implementing talent development and local content policies. When supported appropriately, the private sector generates jobs, technological advancement, and tax revenues that fuel broader development.
For Nations (State Institutions and Governance): The state provides the overarching framework for progress. Strategies include institutional reform and capacity building, decentralisation for better responsiveness, evidence-based policy making, and strategic regional and global integration. Strong institutions ensure equitable rules, policy continuity, and effective service delivery.
Sustaining Progressive Growth in Nigeria
In Nigeria, this integrated framework offers a practical pathway to convert demographic and natural endowments into sustained prosperity. At the peoples’ level, investments in education, health, and skills development can transform the large youth population into a productive demographic dividend. For corporates, policy predictability, infrastructure development, and public-private partnerships can drive diversification beyond oil into agriculture, manufacturing, and digital services. At the national level, institutional reforms, anti-corruption measures, and evidence-based governance would reduce policy inconsistency and enhance public trust.
When these elements reinforce one another, Nigeria can achieve higher productivity, reduced poverty, greater social cohesion, and improved global competitiveness — creating a virtuous cycle of inclusive growth.
Advancing Development in West Africa
Within the ECOWAS region, the framework supports deeper integration and collective resilience. Strategies for social cohesion help address cross-border challenges such as irregular migration, climate impacts, and youth unemployment. Corporate-focused approaches encourage intra-regional trade and industrialisation through harmonised policies and stronger value chains. Institutional strategies promote policy coordination, joint humanitarian response, and shared security mechanisms.
By applying this model, West African countries can move from fragmented national efforts toward coordinated regional progress, enhancing food security, energy access, and economic competitiveness while building resilience against external shocks.
Driving Continental Transformation in Africa
Across Africa, the principles and strategies align closely with the African Union’s Agenda 2063 and the African Continental Free Trade Area (AfCFTA). Sustainable resource stewardship helps convert natural wealth into long-term human and infrastructure investments. The corporate strategies support regional value chains and industrialisation, while institutional reforms strengthen governance and reduce trade barriers.
When implemented continent-wide, this approach fosters inclusive industrialisation, technological advancement, and reduced external dependency — positioning Africa as a major driver of global growth in the 21st century.
Global Relevance and Contribution
On the global stage, the framework provides timely lessons for both developed and developing nations navigating technological disruption, climate change, and rising inequality. The emphasis on shared prosperity and social cohesion offers pathways to mitigate polarisation. The integration of corporates as development partners demonstrates how private-sector innovation can serve public goals. Institutional strategies of adaptive leadership and evidence-based policy making are universally applicable in managing complex transnational challenges.
Nations adopting this model contribute to global stability by reducing conflict drivers, enhancing food and energy security, and participating constructively in multilateral systems. In this way, the framework supports the United Nations Sustainable Development Goals and helps build a more equitable and resilient world order.
Conclusion: A Practical Pathway to Enduring Progress
The principles and strategies of nation building presented here constitute a balanced, interconnected discipline capable of sustaining productive and progressive growth across multiple scales. For Nigeria, they chart a course from potential to performance. For West Africa, they strengthen regional solidarity. For Africa, they accelerate continental transformation. And for the global community, they offer practical wisdom for building fairer, more stable societies.
True nation building succeeds when peoples, corporates, and state institutions reinforce one another in a virtuous cycle. Its greatest strength lies in this holistic integration — recognising that sustainable development requires empowered citizens, innovative enterprises, and effective governance working in harmony.
In an increasingly interdependent world, embracing these principles with consistency, courage, and collective ownership is not merely beneficial but essential. Nations and regions that do so will unlock enduring prosperity, resilience, and a respected place in the global community. The framework provides both the vision and the practical tools needed to turn potential into lasting achievement for current and future generations.
Dr. Tolulope A. Adegoke, AMBP-UN is a globally recognized scholar-practitioner and thought leader at the nexus of security, governance, and strategic leadership. His mission is dedicated to advancing ethical governance, strategic human capital development, and resilient nation-building, and global peace. He can be reached via: tolulopeadegoke01@gmail.com, globalstageimpacts@gmail.com
The Lagos State Security Trust Fund (LSSTF) has taken a decisive step toward strengthening Nigeria’s domestic security manufacturing ecosystem following a high-level engagement with Equipment and Protective Applications International Limited, EPAIL Nigeria, a leading indigenous defence and security technology company, National Association of Online Security News Publishers, NAOSNP can report.
The Executive Secretary/CEO of LSSTF, Dr. Ayo Ogunsan, accompanied by Director of Administration, Mr. Adegbola Lewis, met the organization’s Chairman/CEO, Engr. Kola Balogun, and Director of Engineering, AVM Olabisi (retd) on a working visit to the company’s factory facility at Lagos/Ibadan Expressway. Discussions centred on strategic collaboration and procurement of high-quality security equipment and gears to kit operatives of various security agencies across Lagos State.
The LSSTF’s proposed procurement plan with EPAIL Nigeria signals a deliberate shift toward local content development, enhancing Made-in-Nigeria policy, and import substitution within the security value chain. By prioritizing indigenous procurement, the Fund aims to conserve foreign exchange, stimulate job creation, and deepen technical capacity within Nigeria’s defence manufacturing sector.
The LSSTF boss, Dr. Ogunsan emphasized ‘leveraging local expertise is not only economically prudent but strategically imperative.’
‘Indigenous production enables faster delivery timelines, customization to local operational realities, and long-term sustainability of security investments. We are glad to be able to source topgrade security hardware from home,’ he said.
Established in 2014, EPAIL Nigeria has distinguished itself as Nigeria’s pioneer ballistic manufacturer, with a dedicated production facility for bulletproof vests, ballistic helmets, and other defence-grade equipment. The company also maintains a robust research and development framework focused on advancing indigenous security technologies and has delivered risk assessment and infrastructure protection solutions across all 36 states of the federation.
Its product range spans personal protective gear, surveillance systems, and advanced security applications tailored for both public and private sector clients. Alongside its adherence to international manufacturing standards, EPAIL Nigeria positions it as a critical player in Nigeria’s evolving defence industrial base.
The engagement reflects a broader policy alignment between security enhancement and economic development, and positions local manufacturing as a cornerstone of national resilience and a catalyst for industrial growth.
The Dangote Petroleum Refinery has increased the gantry price of petrol and diesel, further tightening pressure on consumers and businesses across Nigeria. This is however, in response to the rising geopolitical tensions in the Middle East and their ripple effects on global energy markets.
A top official at the refinery, who confirmed the development to our correspondent on Tuesday night, said the facility adjusted its pricing in response to prevailing international crude oil benchmarks and market realities.
The new pricing template shows that petrol rose by N75 per litre to N1,275, representing an increase of about 5.02 per cent, while diesel jumped by N200 per litre to N1,950.
This marks a sharp increase from last month’s prices of N1,200 per litre for petrol and N1,750 for diesel, signalling that diesel is now on track to breach the N2,000 per litre mark at the pump, further intensifying cost pressures across the economy.
“The adjustment is in line with global market trends. You are aware of the ongoing tensions in the Middle East and how they have impacted crude oil prices. These are external factors that directly influence refined product pricing,” the official, who spoke in confidence due to the lack of authorisation to speak on the matter, stated.
He added, “Petrol has been reviewed upward by N75 to N1,275 per litre, which is about a five per cent increase, while diesel has increased more significantly by N200 to N1,950 per litre. These changes reflect the realities of the international market.”
Market data from Petroleumprice.ng corroborated the development, indicating that the latest petrol price reflects a 5.02 per cent increase at the gantry level.
The development comes at a time when stakeholders had hoped that increased local refining capacity would help stabilise domestic fuel prices. However, analysts say Nigeria remains exposed to global oil price volatility due to its reliance on international crude benchmarks for pricing.
The latest hike could trigger a fresh wave of increases in pump prices nationwide, with marketers expected to pass on the additional cost to consumers in the coming days.
Global oil markets have remained volatile in recent weeks due to escalating tensions in the Middle East, a region that accounts for a significant share of the world’s crude oil supply. Any disruption or perceived risk to supply routes often leads to price spikes, which in turn affect refined petroleum products globally.
Nigeria, despite being an oil-producing country, operates a deregulated downstream sector where fuel prices are largely determined by market forces. This means that local prices are influenced by international crude prices, exchange rates, logistics costs, and refinery operations.
The Dangote Petroleum Refinery, Africa’s largest, was expected to reduce Nigeria’s dependence on imported fuel and help stabilise prices. However, experts note that as long as crude oil pricing remains tied to global benchmarks, domestic fuel prices will continue to fluctuate in response to international developments.
The latest increase also comes amid concerns over affordability, with consumers already grappling with high energy and transportation costs. A sustained price increase could worsen inflationary pressures and slow economic recovery.
