Tags: olukayode kolawole

Understanding the Economics of Tourism in Nigeria, 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…

Why Recession Will Grow Nigeria’s Travel & Hospitality Industry, By Olukayode Kolawole

The International Monetary Funds, IMF, predicted in 2015 that Nigeria’s economy will slide into a recession in 2016 by 1.8 per cent. The forecast indicated that our economy will grow at a much slower pace than South Africa’s. Months after the prediction, truly Nigeria slipped into a recession. Everywhere around the world, recession is one…

Harnessing Traditional Source Markets to Foster Tourism Growth in Nigeria

Olukayode Kolawole Nigeria is blessed with rich natural resources. These resources have, no doubt, contributed meaningfully to the economic growth and development of the country. While some of these resources have been reproduced into things of greater value, such as gold and PMS, DPK, AGO and LPFO products, others are being preserved as tourism attractions…