For Nigeria, tourism is the next big profit churning sector!

Published on : Friday, March 15, 2019

Mr. Steve Ayorinde, the Lagos State Commissioner for Tourism, Arts and Culture, has defined Lagos tourism as Nigeria’s next big revenue-generating sector. At the Jumia Travel Awards in Lagos, Ayorinde made the declaration related to the theme: Lagos as a Model of Tourism in Nigeria.


To quote the commissioner, “Business volume in the larger tourism and cultural arts sector arguably, equals and was threatening to surpass that of oil exports, agriculture or automobiles. Currently, one out of every 10 jobs being created is now tourism-related.”


“Tourism has become one of the major players in the international commerce and represents one of the main sources of income for many developing countries.” “According to the United Nations World Tourism Organisation, UNWTO, over the decades, tourism worldwide has experienced continuous growth and deepened diversification to become one of the fastest growing economic sectors in the world. “Also, because of the potential the sector holds, the Lagos State Government under Gov. Akinwunmi Ambode has accorded the sector huge attention and committed huge resources into developing it.”


Also, he explained that committing large chunk of resources to the sector would generate opportunities for various stakeholders to further develop it as a flourishing and profitable venture. Ayorinde stated that the ministry was also geared up to the growth agenda of the sector through its project: T.H.E.S.E which stands for “Tourism, Hospitality, Entertainment and Sports for Excellence.” Also, Ms. Omolara Adagunodo, Managing Director, Jumia Travel, said that the hospitality sector of the country has the possibility of being the mainstay of the economy of the country and contributed a higher percentage to the Gross Domestic Product.


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