Sunday, 15 February 2015

Nigeria: Hoteliers Seek Govt Bailout Fund for Tourism Sector

Secretary of Nigeria Hoteliers Association, Kaduna branch, Mr Jijiwon Akpovwovwo, has appealed to the Federal Government to provide a bailout fund for development of the tourism sector.
Akpovwovwo made the call in an interview with the News Agency of Nigeria (NAN) in Kaduna.
He said tourism contributed about 10 per cent of the National Gross Domestic Product and provided employment to Nigerian youths.
Akpovwovwo said tourism was the "fastest developing industry in the world" and as such Nigeria should support its development to tap maximally from the sector. He also urged the government to grant two years tax exemption for new hotels to encourage more investment.
The secretary cited the cases of countries like Gambia, South Africa and Ghana, where such waivers were granted.

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