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Expert says FG can generate N1.2tr from tourism

By on August 27, 2013

Former President of Association of National Accountants of Nigeria (ANAN), Dr Samuel Nzekwe, said on Monday that Nigeria can generate N1.2 trillion from tourism yearly if the required infrastructure is provided.

“All over the world, tourism is a big revenue earner to governments and infrastructure can create the enabling environment for this to happen,” he said. “Nigeria is capable of generating a quarter of its total annual revenue from tourism, if the sector is well managed.”

Nzekwe said that apart from generating revenue, tourism could create employment opportunities for youths and reduce the crime rate.

“Provision of basic infrastructure would bring about Foreign Direct Investments (FDIs),” he said. “When people are coming into a country, they are able to see the available business opportunities.”

He said that with its natural endowments, Nigeria could be a great tourists’ destination in the world; adding that by promoting tourism, the Gross Domestic Product (GDP) of the nation would improve because there would be increased productivity.



[Nigerian Telegraph]