The theatre which is about a half an hour drive from Lagos Island, is one of the best masterpieces of Nigeria and a major Lagos attractions with an auditorium that has the capacity to seat around 3,000 persons, and a conference hall that can accommodate around 800 people. The hall is equipped with facilities for simultaneous translation of 8 languages.
The building also houses two cinema halls, a restaurant and a bar. The National Arts Theatre is the primary centre for the performing arts in Nigeria. The monument is located in Iganmu, Lagos State. Construction was completed in 1976 in preparation for the Festival of Arts and Culture (FESTAC) in 1977. The collection of National Gallery of Modern Nigerian Art is housed in a section of this building.
The National Arts Theatre was built during the military regime of Olusegun Obasanjo. Its exterior is shaped like a military hat. It has a 5,000-seater Main Hall with a collapsible stage, and two capacity cinema halls, all of which are equipped with facilities for simultaneous translation of 8 languages; among others.
The National Arts Theatre was designed and constructed by Bulgarian construction companies and resembles the Palace of Culture and Sports in Varna, Bulgaria (completed in 1968), the National Arts Theatre Lagos being the bigger of the two.