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Tourism Injects N4.1 trillion into Lagos GDP
The tourism business in Lagos is enjoying an important function within the state’s financial progress, contributing N4.1 trillion to its Gross Home Product (GDP), in line with recent insights shared in the course of the World Tourism Day celebration.
The occasion, organized by the Lagos State Ministry of Tourism, Arts, and Tradition, revealed that the sector now accounts for 10% of the state’s GDP yearly.
Oba Abdulwasiu Omogbolahan Lawal, the Oniru of Iruland, highlighted this throughout his presentation because the lead panelist on the occasion.
He identified that Lagos is experiencing a exceptional rise in its GDP, which surged from N27 trillion to N41 trillion over the 4 years of Governor Babajide Sanwo-Olu’s administration.
Lawal acknowledged Lagos’ huge potential as a worldwide tourism hub, emphasizing town’s wealthy cultural historical past, vibrant arts sector, and beautiful waterfronts, which have positioned Lagos as a first-rate vacation spot for worldwide guests.
Nonetheless, he additionally famous that challenges comparable to infrastructure deficiencies and issues about property rights have continued to carry the sector again.
“The federal government has been working tirelessly to enhance infrastructure and bolster safety to create a extra enticing setting for vacationers,” he said.
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“Moreover, now we have applied academic applications to equip younger individuals with expertise in hospitality and cultural heritage administration, which have offered employment alternatives and enhanced social concord,” he added.
Additionally addressing the gathering, Lagos State Commissioner for Tourism, Arts, and Tradition, Toke Benson-Awoyinka, reiterated the federal government’s dedication to utilizing tourism not simply as an financial driver however as a car for peace.
“This 12 months’s theme, Tourism and Peace, is a reminder of how tourism fosters unity, bridges cultural gaps, and promotes understanding amongst completely different peoples and nations,” Benson-Awoyinka stated.
“Lagos, as a melting pot of tradition and commerce, is aware of firsthand how tourism can contribute to constructing a peaceable and inclusive society,” she said.
She added that tourism serves as a robust software for fostering mutual respect and tolerance.
“As individuals from various backgrounds go to and discover Lagos, they have interaction in cultural exchanges that promote friendship and coexistence. This spirit of shared humanity positions tourism as an engine for peace and reconciliation,” she stated.
Benson-Awoyinka additionally spoke about Lagos’ continued efforts to shine as a prime world vacationer vacation spot, highlighting the state’s collaboration with Sterling Financial institution.
She stated the partnership goals to harness tourism’s potential to drive sustainable improvement whereas uniting individuals throughout borders.
