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Travel/Tourism

Understanding Economics of Tourism in Nigeria

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By Olukayode Kolawole

In most gatherings of experts in the travel & hospitality industry, tourism as a tool in diversifying the Nigerian economy has received the most attention and provoked lots of intellectual comments. This is not surprising at all considering the huge potential that this particular sector possesses.

In most developed and developing countries, tourism has enriched the economies of these countries thus becoming one of the major sources of income and a pillar of commerce.

The decision to grow tourism into a consistent and sustainable means of income by these countries and to make it appealing to inbound and outbound tourists was not arbitrary, but rather deliberate and planned. Without a doubt, other countries like Nigeria are amazed to see the attendant economic implications this sector has birth.

We can achieve this feat or even better than these countries. We have an advantage: our population. In fact, if we can sell tourism to just Nigerians to a point where they can see the value proposition, it might become optional to sell to foreign tourists.

Majority of the countries benefiting from tourism revenue such as Kenya, South Africa, Seychelles etc. do not have the kind of population density that Nigeria has.

In fact, the total inhabitants of some of the countries only equal the total population of Lagos dwellers – which is over 20 million. So, we have the numbers, and the percentage of our population that has the purchasing power for tourism is above 30%, out of over 180 million Nigerians.

Nonetheless, influencing the government at the central to earmark some budget for the growth of this sector in the yearly fiscal budget might seem to be a herculean task. The reason is simple: we’re an oil-dependent economy. But the reality is hitting us hard in the face. The last few months have helped us as a country to reevaluate our sheer reliance on crude oil. Matter-of-factly, the government must have learnt a great lesson from the recession: dependency on one major source of income is bad for a growing economy like ours with a population that grows on an average of 2.3% yearly. We are yet to develop another sector to have little parity in terms of revenue being generated compared with the oil & gas sector. Exactly why we felt the pangs of the recession when it came through.

It’s very heart-warming to see that the government of the day is now tilting its focus towards expanding and developing other sectors that can ultimately support our mainstay.

The recent comments of the Minister of Information, Culture & Tourism, Lai Mohammed at the Annual General Meeting (AGM) of the Nigerian Association of Tour Operators (NATOP) that is being led by Nkereuwem Onung, reassured all in attendance that tourism has now become a focal point for the government.

According to the minister, policies at all levels have now been put in place to engender tourism growth. For instance, the committee on the Presidential Council on Tourism has been resuscitated.

This is to engender the rapid development of the sector through policy directions. The committee will see to the implementation of the tourism roadmap and the festival calendar.

Also, policies on issuance of visas have been reviewed. Now, it will only take 48 hours to issue visas to foreign tourists who are interested in exploring our tourism sites.

In addition, several partnership deals are being sought and relevant agencies involved in brokering the partnerships have since swung into action. Suffice to say, in the next couple of months, the narrative will no doubt be positive.

Something very interesting that the minister hinted on is the tripartite partnership involving the Ministry, the UN World Tourism Organisation (UNWTO) and global news leader, CNN.

The objective of the partnership is to leverage on Nollywood to promote tourism in Nigeria. He described the move as a very strong and effective partnership – to use comparative advantage in film production through Nollywood – to promote tourism in the country.

Although this is the first-of-its-kind partnership, the minister believes that this will push tourism from the back-burner to the mainstream of our economy.

Promoting tourism through Nollywood is by far a great idea, considering it is one of our biggest exports to Africa and the world. So, there is no doubt that if well implemented and monitored, the impact will be great.

To make tourism profitable in Nigeria, there is a need for collaboration between the private sector and the government. The minister couldn’t have emphasized this more. In fact, government should only be involved at the initial stage of any tourism programme. For sustenance and continuity, it should be private sector led.

The former governor of Cross Rivers state, Dr. Liyel Imoke who was the guest speaker at the AGM used his state’s tourism success story as a case study to illustrate how to make tourism work within the Nigerian economic space. His hands-on experience added weight to his presentation.

He cited the success of the Calabar International Festival which was created by his predecessor Donald Duke to buttress the claim that tourism has a higher chance of surviving and becoming the country’s mainstay. “With the right policy, vision, infrastructure, and attitude, tourism will become the country’s major revenue earner,” he said.

Two of the several challenges forestalling the growth of the sector are: duplicity of festivals & misrepresentation of Nigeria by Nigerians. Since the successful launch and continuity of the Calabar International Festival, we have witnessed the launch of similar carnival/festival in some states.

For instance, there’s Abuja Carnival, Port Harcourt Carnival (Carniriv), Akwa Ibom Festival, and many more. While it is laudable to have these many festivals or carnivals, it’s important to verify the success rates of these festivals.

It appears that Calabar Festival is still the only successful and consistent festival. It is indeed imperative for these festivals to be harmonized to stimulate patronage and reduce confusion associated with simultaneous holding of festivals in the country.

Lastly, fellow Nigerians, we too have a lot to do in consolidating the efforts of the various government parastatals in pushing the frontier of our tourism industry forward.

Our major role will include representing and speaking well of Nigeria. This appears to be our greatest problem. We should stop running down our country especially those in diaspora. If we continue, foreigners – as much as we do not want to rely on their patronage – will be dissuaded from coming to visit our tourism sites. it’s crucial we start speaking well of our country.

Olukayode Kolawole is the Head of PR & Marketing at Jumia Travel

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Travel/Tourism

Why River Cruises Are Transforming Modern Travel Experiences

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In recent years, river cruises have emerged as one of the most dynamic sectors in the travel industry. Unlike traditional ocean voyages that often prioritize scale, river cruises focus on intimacy, cultural depth, and convenience. This shift not only appeals to travelers seeking unique experiences but also represents a significant business opportunity for operators and local economies alike.

From a commercial standpoint, river cruises stand out because they offer a product that aligns with modern consumer preferences. Today’s travelers are looking for slower, more immersive journeys that allow them to connect with places on a personal level. River cruises answer this demand, positioning themselves as premium experiences that balance leisure with enrichment. This makes them particularly attractive to the growing middle and upper travel markets.

The economic impact extends beyond the cruise companies themselves. Each port stop brings direct benefits to local communities, from small businesses to hospitality providers. Guests disembark in the center of towns and cities, spending money on restaurants, shops, tours, and cultural sites. Unlike ocean cruises, where ports are often outside city centers, river cruises deliver visitors directly to the heart of local economies, maximizing tourism spending in those areas.

For investors and business owners, the expansion of river cruising routes opens up avenues for collaboration. Local tour operators, artisans, and service providers gain access to a consistent flow of customers, while destinations build reputations as cultural hubs. The multiplier effect is significant, as these tourism revenues stimulate job creation and encourage further investment in infrastructure and services.

The design of river cruise vessels also reflects strategic business positioning. With smaller capacities compared to ocean liners, companies are able to market exclusivity and higher service levels. This allows for premium pricing models, which can yield stronger margins per passenger. In addition, the manageable size of these ships enables operators to access unique waterways and niche destinations, creating a competitive advantage in the travel market.

Sustainability has also become a key business driver. As eco-conscious travel grows, river cruise companies are investing in cleaner technologies and adopting environmentally responsible practices. This not only appeals to customers who want to reduce their footprint but also strengthens the industry’s long-term viability. By aligning with global trends in sustainable tourism, operators are ensuring relevance in a competitive and evolving market.

Another important factor is diversification. River cruises cater to a wide demographic, from couples and retirees to families seeking experiential travel. Companies are able to design themed itineraries that focus on food, history, art, or wellness, broadening their appeal and tapping into niche markets. This adaptability provides resilience, especially during times of economic uncertainty, when demand may shift toward specialized travel products.

Looking ahead, the growth potential of river cruises is clear. Emerging destinations in Africa, Asia, and South America are opening up opportunities for expansion beyond the well-established European rivers. These markets present new revenue streams for operators and fresh economic opportunities for local communities. For regions looking to boost tourism and strengthen international visibility, embracing river cruise partnerships could become a strategic move.

Ultimately, river cruises are more than just a leisure trend. They represent a model of travel that blends customer satisfaction with tangible business outcomes. By offering unique, authentic, and sustainable experiences, the sector is creating long-term value for both travelers and economies worldwide.

For the travel industry, entrepreneurs, and local stakeholders, the rise of river cruises signals a wave of opportunity. This form of travel not only enriches the passenger journey but also fosters economic growth and global connectivity, making it a sector worth watching closely.

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Travel/Tourism

Emirates Serves Passengers Dom Pérignon Rosé Vintage 2009 Champagne

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Emirates Dom Pérignon Rosé Vintage 2009 Champagne

By Modupe Gbadeyanka

Passengers flying first class on Emirates across all routes departing Dubai will be served the Dom Pérignon Rosé Vintage 2009 Champagne over the next few months.

This has been made possible through an exclusive partnership between Emirates and Moët Hennessy. It is the only airline to access this special vintage directly from the winery.

Dom Pérignon Rosé 2009 is the result of a particularly generous growing season, enabling the estate to produce a wine of profound ripeness, textural richness, and controlled power.

It is sourced from Grand Cru vineyards such as Aÿ and Bouzy, with a significant portion of still Pinot Noir added during blending.

The drink contains a higher proportion of Pinot Noir, including a still red wine made from the same grapes lending it a delicate colour and additional structure.

After 12 years of maturation in the cellar, the result speaks to depth and aromatic layering, whilst preserving the wine’s luminous tension.

The 2009 reveals an expressive bouquet of rose petals, orange oil and saffron, followed by vivid notes of raspberry, cherry, cassis, and fig, and evolving toward deeper tones of licorice and gingerbread. The palate is smooth and enveloping, with ripe, fleshy fruit and a supple structure, finishing with a persistent sapidity and a memorable tactile imprint.

The offering is part of the airline’s champagne programme, ensuring its customers always ‘fly better.’

This initiative has made Emirates to purchase more champagne than any other airline in the world and has exclusive rights to serve Dom Pérignon Vintage 2015, Dom Pérignon Vintage Rosé 2009, Dom Pérignon Plénitude 2 2006, Moët & Chandon Brut Imperial, Moët & Chandon Imperial Rosé, Moët & Chandon Grand Vintage Blanc 2016, Veuve Clicquot Yellow Label and Veuve Clicquot Vintage Blanc 2015.

Emirates also serves Australian sparkling wine, Chandon Vintage Brut 2019 onboard as a global exclusive to customers in Premium Economy.

For the last 16 years, it has invested more than $1 billion into its wine program, buying exceptional wines at the earliest opportunity to let them mature, allowing them to express their full potential before serving them on board.

The Emirates Wine Cellar in France currently houses 6.5 million bottles of fine wines, some of which will not be ready for tasting until 2035. Emirates offers 37 different varieties of French wines and champagnes on board its aircraft. Business Class Bordeaux red wines remain in Emirates’ cellar for an average of 8-10 years, while those reserved for First Class are only served an average of 12-15 years after purchase.

Emirates also has a vintage collection which includes Château Margaux 2004, Château Cos d’Estournel 2005 and Château Montrose 2005.

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Aregbe Invites China to 72 Hours Lagos Weekend Experience in November

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72 Hours Lagos Weekend Experience

By Modupe Gbadeyanka

The Special Adviser to Governor Babajide Sanwo-Olu of Lagos State on Tourism, Arts and Culture, Mr Idris Aregbe, has sought the participation of a Chinese delegation for the 72 Hours Lagos Weekend Experience taking place from November 14–16, 2025.

The Governor’s aide invited China to the event when he hosted a high-level Chinese delegation led by the Vice Chairman of the Standing Committee of Guangxi People’s Congress, Mr Zhang Xiaoqin; and the Consul General of the People’s Republic of China in Lagos, Ms Yan Yuqing, on Monday.

The Chinese team were around to deepen international relations and foster stronger cultural and economic ties with the metropolis.

Mr Aregbe acknowledged the large population bases of Lagos and China as critical assets for advancing tourism development, cultural integration, and unlocking opportunities for mutual economic growth, sharing the Lagos Cultural Mission Initiative with the visitors.

“We want China’s partnership with Lagos State in cultural exchange and training programmes that will benefit both young and old, ensuring mutual growth and enduring relationships,” Mr Aregbe stated.

Meanwhile, the Chinese delegation expressed strong interest in expanding cooperation through simplified visa processes, student and professional exchange programmes, and joint cultural initiatives.

Commending Lagos for its progress in cultural tourism, Mr Zhang described the city as a “powerhouse of human labour, economy, and creativity,” identifying heritage protection, research, and educational exchanges as key areas for collaboration while emphasising the robust trade foundation between Guangxi Province and Nigeria.

On her part, Ms Yuqing reaffirmed China’s commitment to strengthening ties with Lagos and Nigeria, endorsing the vision for future cultural events, also extending an invitation to the Lagos team to visit Guangxi as part of efforts to cement bilateral cooperation.

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