BUSINESS

Tourism Sector Contributes N4.1 trillion To Lagos GDP, Says Oniru

 

 

The tourism sector has made a significant impact on Lagos State’s economy, contributing an impressive N4.1 trillion to its Gross Domestic Product (GDP), according to Oba Abdulwasiu Omogbolahan Lawal, the Oniru of Iruland.

Speaking on Friday at the World Tourism Day celebration organized by the Lagos State Ministry of Tourism, Arts, and Culture, the monarch highlighted the vital role of tourism in the state’s economic landscape.

As a lead panelist during the event, Oba Lawal, who is also a former Lagos State Commissioner for Agriculture, emphasized that the tourism sector contributes 10% annually to Lagos’ GDP.

He praised the city’s cultural richness and attractions, stating that Lagos has immense tourism potential due to its vibrant arts scene, cultural heritage, and picturesque beachfronts, which draw visitors from across the globe.

However, he pointed out that the sector faces notable challenges. “Lagos’ tourism sector is hindered by inadequate infrastructure and concerns regarding the security of property rights,” the monarch noted.

He also highlighted ongoing efforts by the state government and private stakeholders to address these issues through strategic investments aimed at improving infrastructure and enhancing security, creating a more favorable environment for tourism growth.

In addition, Oba Lawal highlighted the importance of youth engagement in driving the tourism sector forward. “Educational initiatives focusing on hospitality training and cultural education have been implemented, creating employment opportunities for young people and promoting social cohesion,” he said.

Speaking at the same event, the Lagos State Commissioner for Tourism, Arts, and Culture, Toke Benson-Awoyinka, reaffirmed the government’s commitment to leveraging tourism as both an economic driver and a tool for peacebuilding.

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She stressed the significance of this year’s World Tourism Day theme, “Tourism and Peace,” and its relevance in fostering global unity.

“Tourism is not just about economic benefits; it serves as a bridge for peace, understanding, and unity among people and nations,” Benson-Awoyinka said.

She added that Lagos, as a dynamic hub of culture and commerce, understands the power of tourism in building an inclusive and peaceful society.

According to the commissioner, tourism helps break down cultural barriers by connecting people from diverse backgrounds. “Tourism offers a platform where differences are not just acknowledged but celebrated, and this engagement fosters mutual respect, tolerance, and friendship,” she said.

Benson-Awoyinka further noted that the sector’s initiatives continue to position Lagos as a leading global tourist destination.

She highlighted that the collaboration between the Lagos State Government and Sterling Bank serves as a testament to the power of partnerships in driving growth in the tourism sector. This joint effort aims to strengthen the narrative of tourism as a path to peace and reconciliation, while also fostering sustainable development.

As she commended tourism stakeholders, partners, and local communities for their contributions to the industry, the commissioner said, “You are the backbone of this industry, and your dedication helps us maintain our position as a top tourism destination in Africa.”

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