Minister of Tourism, Culture and National Orientation Edem Duke has given a two-week quit notice to Federal Government agencies at the facility.
Some of the agencies are National Council for Arts and Culture; Nigeria Gallery of Arts; National Troupe of Nigeria and an unnamed agency.
But some stakeholders have rejected the plan, especially the sudden quit notice given to the agencies.
They are saying the Federal Executive Council did not approve the proposal and that a transaction advisor was appointed without due process.
Other stakeholders also see the plan as an attempt to short-change the Southwest.
The theatre was inaugurated on September 30, 1976 by the then Military Head of State, General Olusegun Obasanjo.
It was opened five months before the hosting of the 2nd World Black and AfricanFestival of Arts and Culture (FESTAC '77) in January/February 1977.
The Federal Government unfolded their plan on march18 through a letter to some agencies in lagos
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