Advantages of Tourism in Nigeria

Advantages of Tourism in Nigeria

Advantages of tourism in Nigeria. Olumo Rock in Abeokuta, the Lekki Conservation Centre in Lagos, Wave Beach, Zuma Rock in Niger State, the  Nike Art Gallery in Lagos, and the Benin City Walls in Edo State are the most popular tourist destinations in Nigeria. Tourist attractions are locations or sites that attract tourists from all over the world because of their distinctive qualities, historical significance, scenic beauty, or cultural relevance.

ADVANTAGES OF TOURISM IN NIGERIA

One industry with global significance is tourism, which is a powerful influence in all economies worldwide. In this age of globalization and perpetual change, tourism tends to boost third-world countries’ economies and affect the host community. The largest and fastest-growing industry globally is tourism. International organizations encourage tourism because of its role in promoting global peace, reducing poverty, and fostering cross-cultural interactions.

1. Employment

Possibly the largest economic benefit of tourism in Nigeria and other countries is employment. Both skilled and unskilled jobs will undoubtedly be created by it. Knowing that tourists would require their services, souvenir vendors, food vendors, and stores will inevitably emerge inside the neighborhood.

2. To raise the level of living

Since visitors are spending money in the host community, there won’t be any capital flight in the nation, and naturally, the money earned will be reinvested in the national economy, raising the standard of life for the underprivileged.

3. Cultural preservation

Tourism offers cultural benefits in addition to financial gains. It enables local communities to examine their history and cultural heritage and create their own sense of community, which can be a source of pride. In addition to preserving their customs and culture, this lets the locals show it off to tourists.

4. Better infrastructure

The government will profit from the extra money that enters the nation. It means there will be more funds available to give these places a much-needed makeover. This indicates an improvement in the infrastructure, including the construction of new roads, parks, and public areas. More people visit the better facilities.

5. Create additional revenue

This not only boosts the nation’s economy but also enables an economy to create a new source of revenue. Since the extra money coming in can support traditional industries in the event that they face financial difficulty, this serves as an insurance policy in case of poor times.

6. Restoring Growth

The plan prioritizes economic diversity and macroeconomic stability in order to restore growth. Implementing fiscal stimulus, maintaining monetary stability, and enhancing the external balance of trade will all contribute to macroeconomic stability. Similar to this, the strategy would concentrate on the main industries propelling and facilitating economic growth, with an emphasis on energy and agriculture in particular, in order to promote economic diversification.

7. Investing in people

By generating opportunities and offering assistance to those in need, the strategy seeks to achieve inclusive growth. By boosting social inclusion, generating employment, and strengthening the economy’s human capital foundation, the ERGP will invest in Nigerians.

Summary

Although the benefits of tourism are debatable, it is undeniable that it boosts returns on capital investments, increases employment and agricultural output, generates foreign exchange and government revenue, finances infrastructure development, improves citizen welfare generally, helps finance flights, particularly when linked  to vacations abroad, and promotes healthy economic growth.