Transportation Nigeria has attained a high level of good transportation system especially Airline and Road Transportation, investment opportunities are still needed in water recreation transportation and rail services.
Hospitality The hospitality sector of the tourism industry seems to be the most competitive area with the presence of starwood Hotel Groups, owners of Sheratons, Hilton, Le Meridien, Shangra Lai the Asian Hotel giant in restaurants and many
Meanwhile, most of Nigeria's beautiful beaches locations are still largely without accommodation facilities, which are targets for investors in most tourism destinations across the globe.
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Foreign investors and other interested individuals should take these advantages to invest in the Nigerian tourism industry for sustainability and profitable returns.
Tourism Investment Opportunities In Nigeria
A Tourism policy was produced in 1990 with the basic objectives to make Nigeria the ultimate tourism destination in Africa.
The main thrust of government policy on tourism, is to generate foreign exchange, encourage even development, promote tourism based rural enterprises, generate employment and accelerate rural urban integration and cultural exchange.
Due to the importance the Nigerian government attaches to the tourism industry, the following strategies were adopted:
Government would ensure that the provision of basic infrastructural facilities, namely, good roads, water, electricity, communications and hotels, to centres of attraction, in order to accelerate their development for the purpose of exploiting fully their touristic value. In furtherance of this goal, the appropriate government agency responsible for tourism promotion and development, shall establish and maintain close laison with other government agencies responsible for the provision of the infrastructure.
Concession of Land
State governments will provide land without any hindrance for tourism development at concessional rates and conditions favourable to investment and the realisation of investment thereon. This will necessarily include the abolition of annual ground rent within the period of construction and development of tourism. For orderly development of tourism and tourism...