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Tourism Contributes N4.1 Trillion to Lagos Economy Annually – Monarch

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The tourism industry in Lagos State is making a massive contribution to the state’s economy, with N4.1 trillion added to Lagos’ Gross Domestic Product (GDP) each year.

This revelation was made by the Oniru of Iruland, Oba Abdulwasiu Omogbolahan Lawal, during the celebration of World Tourism Day on Friday, September 27, 2024.

According to Oba Lawal, tourism now contributes about 10% of the state’s annual GDP, showing just how vital the sector is to the economic growth of Lagos.

Speaking at the event, which was held at Muri-Okunola Park in Victoria Island, the Oniru explained that Lagos, as Nigeria’s leading economic hub, is benefiting immensely from its rich cultural heritage, vibrant arts scene, and attractive beaches.

These elements draw both local and international tourists to the state, making Lagos one of the top tourist destinations in Africa.

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“Lagos is a bustling economic hub, and its tourism sector has great potential,” the monarch said.

He went on to highlight that the contribution of tourism to the state’s GDP cannot be ignored, stressing how important it is for the future of Lagos.

Despite the clear benefits, the Oniru of Iruland noted that Lagos’ tourism sector faces some significant challenges.

He pointed out that infrastructure development and property rights security remain areas of concern. These issues have slowed down the growth of tourism and need to be addressed to allow the sector to reach its full potential.

“The tourism sector in Lagos still has challenges, including inadequate infrastructure and concerns around security of property rights,” the Oniru said.

He, however, assured everyone that efforts are being made by the Lagos State government to tackle these problems. The monarch mentioned ongoing investments in infrastructure and security improvements, all aimed at creating a better environment for tourists.

Another important benefit of the tourism sector is its contribution to job creation.

Oba Lawal noted that the Lagos State government has implemented various educational initiatives, including hospitality training programs for young people. These initiatives are designed to equip young people with the skills they need to work in the tourism sector, thereby reducing unemployment in the state.

“Educational initiatives targeting youth have also been introduced, focusing on hospitality training and cultural education,” the monarch explained.

These programs not only help to lower unemployment rates but also promote social cohesion, as young people are engaged in meaningful work that helps them contribute to the growth of their communities.

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The event, which was organized by the Lagos State Ministry of Tourism, Arts, and Culture, had the theme “Tourism and Peace.”

Speaking at the occasion, the Lagos State Commissioner for Tourism, Arts, and Culture, Toke Benson-Awoyinka, emphasized the important role tourism plays in fostering peace and unity in society.

She explained that tourism is more than just an economic tool; it is also a means of bringing people together from different cultures and backgrounds.

“Lagos understands the power of tourism in building not only an inclusive society but a peaceful one,” Benson-Awoyinka said.

The commissioner highlighted that through tourism, people are able to connect with the world, break down cultural barriers, and celebrate diversity.

As tourists explore different lands and meet new people, they engage in an exchange that promotes mutual respect and understanding, which can foster peace.

“Tourism promotes mutual respect, tolerance, and friendship as visitors engage with different cultures and people,” she added.

Benson-Awoyinka stressed that this kind of exchange helps to build bridges between people, fostering peace and reconciliation in a world that often seems divided by conflict and misunderstanding.

Lagos has been working hard to position itself as one of the leading tourist destinations in Africa, and these efforts are beginning to pay off.

Benson-Awoyinka noted that Lagos is becoming a beacon of cultural and tourism excellence, showcasing the rich heritage of the state to the world. She pointed out that the state has continued to collaborate with both local and international partners to strengthen the tourism sector.

“Lagos remains a beacon of cultural and tourism excellence,” she said.

Benson-Awoyinka expressed optimism about the future, stating that the initiatives put in place by the government and its partners will continue to elevate Lagos’ status as a top tourist destination.

“Our tourism sector’s initiatives will continue to elevate Lagos as a global tourist destination,” she stated.

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