How does the tourism industry in Nigeria look like even before the rising wrath of the novel covid-19 pandemic begun taking on the world? What is the impact of the industry on the development of the Nigerian economy?
Over the years, the economy of Nigeria has seen a positive contribution from the tourism industry with the visit of foreigners to the country. The West African country is rich naturally and with the growing arts and entertainment industry, there is no doubt that there is more to come from tourism.
Please do well to read our article on Tourism in Nigeria – Places of interest and directions. This will help in planning your next tour.
The Tourism Industry In Nigeria and Its Impact on Development
Looking at the financial statistics from the industry, anyone will agree that the country is benefiting greatly and it might interest you that such derivations have added to the gross domestic product computations of Nigeria.
Though the financial gains have been reducing since the outbreak of the covid-19 pandemic, it is just prudent to appreciate the fact people are still showing interest in the tourism potentials of Nigeria and thus are willing to pay for access to the amazing natural and artificial reserves in the country.
In 2019, a round figure of N1.48 billion, which represents a 25.59% decline from the figures of 2018 was recorded. Comparing this to the gains made from other sectors of the economy despite the coronavirus pandemic suggests that there are some people who are still interested in nature.
Now if we must be optimistic about the future of the industry, there there is the need to look at the period before the declining figures. The tourism financial statistics for the period of 2017 was approximately N2.62 billion. The amount actually brings in as much as 140.35% increase from that of 2016.