Tourism: Another Sure Escape From Recession - TREAT P WORLD

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Tourism: Another Sure Escape From Recession

Tourism: Another Sure Escape From Recession

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Few months ago, Nigeria was deeply soaked in the dirty waters of recession occasioned by the fall in Naira value, dwindling prices of petroleum products and of course, corruption. The country’s economy was held hostage as it were. Everyone felt the pang of distress – including the unborn babies, as many mothers stayed on pregnancy prevention pills to prevent delivering newborns into such a pathetic state of distress.

Eventually, the pains eased out but not without teaching us a vital lesson: complete reliance on oil as our only export will continue to plunge the economy and everything else that hinges on it into destruction; hence, the need to diversify. The recession continued to tiptoe into the 4th quarter of last year before we were dimly bailed out of the unfriendly situation. And gradually, things started picking up, albeit slowly.

Meanwhile, you’d recall that experts across a plethora of disciplines offered suggestions on how the government can pull the economy out of recession through diversification. Many of these recommendations tilted towards developing other sectors that have potential for growth – sectors that had long been abandoned or relegated because they were perceived to lack the capacity to be as buoyant as the oil sector. Such sectors included Agriculture, Hospitality & Tourism, SMEs, etc. So the government started adopting some of these recommendations.                               The Ministry of Information and Culture, led by Alh. Lai Mohammed swung into action by developing a blueprint on how government can invest in the tourism sector to boost its growth. The minister was pregnant with many viable ideas. Consequently, he orchestrated several partnerships with independent tourism bodies with the aim of turning the sector into a revenue generating business. One of those partnerships included the world apex tourism body, United Nations World Tourism Organisation (UNWTO) providing capacity development for Nigerian tourism personnel on how to grow the sector into something viable.
While the world is waiting for these laudable efforts to yield bountiful results which of course would take some time, it is important to take the initiative of the Federal Government with all seriousness and ultimately beat recession.

Source:TeamTreatp.

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