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.
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.
Like the Europeans and Americas tour companies invaded the North, South and East Africa by having tour offices in these regions which enable them to market destinations in their home countries is lacking in the case of Nigeria.
Any Company willing to do so for Nigeria will be highly welcome by local hotel and restaurant groups battling for a better share of the market.
Apart from the enormous potentials and investment opportunities in the Nigerian tourism sector, the country’s investment climate at present is one of the most favorable in Africa for a number of reasons, among which is Political Stability.
The enthronement of a viable democratic system, which guarantees political stability, improves international relation and respect for human rights would in various ways enhance investment opportunities in the country.
The provision of incentives in the 1990 National Tourism Policy were also to enhance private sector participation. These are in the following areas:
Tourism investment atmosphere in Nigeria is now conducive given the abundant resources available, large market, enthronement of enduring democracy, and a package of incentive put together by government. Foreign investors and other interested individuals should take these advantages to invest in the Nigerian tourism industry for sustainability and profitable returns.