Before the outset of the COVID-19 pandemic in 2019, the hospitality and events sub-sector of tourism is noted to have had a cumulative revenue of about N1.2 trillion annually, with the travel and related industries accounting for about four million direct jobs across some 10,000 MSMEs.
Tourism is essentially about economic development; it is a complex mix requiring great understanding and resources for policy-making at the various crosscutting levels, which would stimulate the development of the country’s attractions, hospitality and entertainment sectors, with direct impacts on aviation, local transportation, etc.
Also, the Ministry is one whose interventions offer major prospects for the advancement of our rural communities, where a lot of our tourist sites are located. In Nigeria, with an estimated population of over 200 million people, having 222 million active internet subscriptions and a teledensity of almost 116%, we have a readymade and vast domestic market for tourism.
Importantly, the Ministry will be charged with mapping the agenda for the creation of a functional Tourism Development Fund to drive the improvement of tourist sites, assets and marketing, while reviewing the fiscal frameworks affecting the growth of the industry across all tiers of government.
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