The relevance of tourism has increased as a result of Nigeria’s rapid tourism growth. It encourages national unity and supports regional artistic and cultural endeavors in hospitality. Additionally, it contributes to the growth of global awareness of our past and cultural heritage. Nigeria now boasts over 7000 tourist destinations, and the government is actively working to enhance that number. The tourism business has grown immensely, from hill stations , museums to historical sites, and this post places a lot of emphasis on how it has done so. We can deduce that tourism in Nigeria is a booming industry and from this and explain its importance to the nation’s economy.
IMPORTANCE OF TOURISM IN NIGERIA’S ECONOMY
The following are the important reasons why the tourism industry is significant in Nigeria’s economy today.
TOURISM CREATES EMPLOYMENT OPPORTUNITIES
Nigerian tourism is important for many reasons, including creation of jobs and employment growth. We are all aware of Nigeria’s comparatively high jobless rate. Because the tourism sector covers so many diverse sectors, it also generates employment throughout these areas.
There are jobs available in tourism. These job opportunities include, among others, those for tour guides, restaurant servers, and hotel personnel. Additionally, tourism opens up opportunities for commercial growth.
Tourists frequently purchase locally manufactured things while they travel. Tourists frequently purchase regional wares as gifts, which contributes to the local economy. The eradication of poverty is aided when the people receive compensation for the services they provide to tourists.
Additionally, this raises peoples’ overall standards of living. Commercial activity has increased significantly in the areas close to tourist sites. All of these initiatives raise the number of jobs available and lower the nation’s unemployment rate.
TOURISM REDUCES POVERTY LEVEL
Shortage of money and the essentials for a healthy and fulfilling life, including food, water, education, housing, and other requirements, is a condition known as poverty. If those caught in the vicious cycle of poverty are helped to enter the desirable cycle of wealth, tourism may help reduce poverty in Nigeria. This might occur thanks to the career possibilities tourism might offer them. It can provide infrastructural facilities to the towns housing the tourist attraction centers, such as strong motorable highways.
The most realistic and sustainable choice for economic prosperity in many developing and least developed countries is tourism. It serves as a major source of income for foreign exchange in various nations.
A portion of this cash is distributed to other social groups. Through the employment of locals in tourism-related businesses, tourism can directly assist the poorer groups if it is administered with a strong emphasis on reducing poverty. This will guarantee beneficial effects on lowering poverty levels.
TOURISM GENERATES INCOME AND FOREIGN EXCHANGE
The host nation and its local communities stand to gain a great deal from tourism-related revenue. It can be used to numerous issues impacting the nation both locally and nationally. It can be used to fund conservation projects, advance infrastructure, enhance education, and encourage more ethical travel. People who travel for tourist activities frequently make financial commitments.
The majority of foreign tourists bring foreign money that must be exchanged for naira. As a result, the country receives foreign currency from this. The entire amount of tourist spending contributes to economic stability in the nation.
At the local and federal levels, tourism-related revenue is put to use. These funds are employed in community infrastructure improvements as well as improvements to local educational facilities. If the money is used wisely, it will tend to expand the number of tourist attractions, which will boost the country’s commercial activity.
TOURISM BRINGS IN INFRASTRUCTURAL DEVELOPMENT
Enough money is made from tourism to fund infrastructure development. Hospitals, markets, and schools are among the social facilities provided, along with reliable pipe-borne water and power. The number of tourists who visit the local areas influences how quickly infrastructure is developed. The amount of money made would increase with the number of tourists. These will be utilized to build new roads and give the native population various social and public facilities. The hosting communities would draw more tourists if they had high-quality facilities. The native population would benefit most from the amenities offered.
However, investors looking to invest in rural towns have run across problems due to subpar infrastructure. As a result, infrastructure development boosts the local economies of the host communities. Tourism plays a role in all of these.
TOURISM ENSURES DIVERSIFICATION
Tourism not only boosts an economy’s growth but also enables it to create a new source of revenue. Communities that receive their official yearly revenue from farming and other activities benefit from tourism. This new source of income acts as a safety net that, if necessary, can provide funding for local businesses.
Indigenous company owners that receive additional money from tourism might also benefit from tourism by developing their creative possibilities. In other words, when local businesses suffer financial difficulties, tourism provides them with additional funding.
TOURISM BENEFIT LOCAL PEOPLE
Locals now have access to opportunities for economic and educational progress that would not have been possible thanks to the advent and growth of tourism. Furthermore, it gives the ability for both the visitor and the local population to encounter other cultures, which widens understanding.
TOURISM PROMOTES RECREATION
Recreation centered on travel offers a break from the busy nature of daily life. A traveler’s mind, body, and spirit are revitalized by a change in scenery and environment in tourist attraction sites.
Jobs in the tourism industry that directly benefit the neighborhood include tour guides and hotel housekeeping. Other businesses like agriculture, food production, and retail create indirect employment. The money spent by tourists supports the local economy and can help reduce poverty in nations with a high reliance on tourism.
BENEFITS TO THE ENVIRONMENT
The management of natural resources and ecosystem conservation are financially supported by tourism. Visitors will find the place more appealing and real as a result. Additionally, it raises the worth of the regional tourism industry.
There are effective strategies to use all of this significance of tourism to a nation’s economic growth. This is only possible if the government and other organizations in charge of the nation as a whole work to make sure that tourism is appropriately utilized. Additionally, they must make sure that any gaps in the tourism industry are closed.