Posted By: | December 01, 2020 |

Increasing Investment Attractiveness of Nigeria’s Hospitality Industry: Legal and Other Considerations

The Hospitality and Tourism Industry (HTI) has the potential to bolster Nigeria’s investment landscape and achieve increased contribution to our Gross Domestic Product (GDP). Given Nigeria’s population and natural endowments, a steady investment in infrastructure and HTI friendly policies, coupled with sensitisation efforts to encourage in- country vacations and thereby conserving Nigeria’s forex reserves - would be positive factors in this regard. Nigeria's abysmal ranking (129th out of 136 countries) in the Global Travel and Tourism Competitive Index 2017, should provide necessary impetus (coupled with efforts at improving Nigeria’s Ease of Doing Business) to underpin government and stakeholder actions to deliver impactful outcomes, manifesting in improved ranking in future editions.

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