Economic impact of tourism in nigeria pdf

Despite tourisms increasing importance in nigeria economy, the sector has attracted limited attention in. The naira is still a classic petrocurrency whose fate remains intrinsically tied to global oil prices, at least without a seismic shift in economic structure. Tourism is one of the key industries driving the current change and tourism could be a transformative tool within this takeoff. Job creation is paramount to any discussion about tourisms positive economic effects. In most developed and developing nations of the world, tourism is a major source of employment, gross domestic product gdp or national income, income to the tourism promoters and the tourism destination pointscommunities and a catalyst for socio economic development of the communities concerned through social infrastructural amenities like electricity, water supply, communication.

The economic impact of waste disposal and diversion in california a report to the california integrated waste management board by george goldman and aya ogishi department of agricultural and resource economics university of california, berkeley april 4, 2001. World bank concludes that ssa could be on the cusp of an economic takeoff, much like china was 30 years ago, and india was 20 years ago. While nigeria has made some progress in socioeconomic terms in recent years, its human capital development remains weak due to underinvestment and the country ranked 152 of 157 countries in the world banks 2018 human capital index. More to the point, the lack of adequate empirical data has hindered policy makers and other stakeholders on the viability of most of the existing tourism destinations in nigeria. More recently, the wttc has reported titled travel and tourism economic impact 2012 put the total contribution of travel and tourism to nigerias gdp at n598. The study analyzed the impact of foreign direct investment on nigeria economic growth over the period of 1999 20. In an optimistic scenario where tourism arrivals fall by 25% similar to ebola outbreak in 2014, an expected decrease of 25% of tourism revenues annually s1 could decrease the overall sectoral contribution to the countries and regional gdp and employment.

The socioeconomic contribution of tourism to nigeria and. Nigeria cannot be left out in this strive towards economic growth through hotel development as its hospitality industry has shown tremendous strength in the aspect of human resources and structural development and also recognizing the fact that the dependence of the countrys economy is gradually shifting from the oil sector to the tourism. There is also a direct linkage between tourism, environment and the local economy in terms of social and economic development. Interaction effect of tourism and foreign exchange earnings on. The study examined the impact of tourism earning on economic growth in nigeria between 1996 and 2016. First, the paper provides an account of the economic contribution of tourism sector to the economy of nigeria. Tourism is very vibrant sector in the world economy apart from contributing significantly to the gross. The impact of tourism on economic growth and development in africa. Pdf economic contribution of tourism in nigeria ibrahim. With this backdrop, the objectives of this study are threefold. Nigerias tourism sector is still operating below capacity even as tourism becomes the fastest growth industry globally. However, competitiveness for competitiveness sake may become a burgeoning constraint on the sector as a whole.

The impact of covid19 on key african sectors insight. Both tourism and agriculture tend to reduce poverty as tourism provide different level of jobs at subsistence and commercial level in the nigeria economy e. Impact of tourism on sustainable development in nigeria 37 international journal of research in humanities and social studies v3 i5 may 2016 in this boom, increasing from 30% in 1980 to 47% in 2015, and is expected to reach 57% by 2030. Assessing the impact of economic and cultural diversity on tourism development in nigeria article pdf available in geojournal june 2019 with 194 reads how we measure reads. The main aim of writing this thesis is to assess the socioeconomic impact of tourism development in nigeria as regard to the coastal area of lagos state with a view of integrating more development in the area. Assessing the impacts of hospitality industry in enugu city.

The impact of climate and socio economic factors on tourism participation in nigeria tourism industry accounted for less than 1% with crude oil holding about 80% rapu, 2004. The main type of data used in this study is secondary. Pdf performance assessment of tourism sector as a vital tool of. Feb 06, 2014 nigerias tourism sector is still operating below capacity even as tourism becomes the fastest growth industry globally.

The sec tion after that presents the nature of the tourism market in nigeria, detailing the coun trys tourism landscape relative to world demand for tourist attraction, on the one hand, and the countrys policy formulated to develop the sector, on the other. The impact of climate and socioeconomic factors on tourism participation in nigeria tourism industry accounted for less than 1% with crude oil holding about 80% rapu, 2004. Socioeconomic impact of tourism development in nigeria case. The main aim of writing this thesis is to assess the socio economic impact of tourism development in nigeria as regard to the coastal area of lagos state with a view of integrating more development in the area. Nigerias economy has never fully recovered from the oil price crash that took hold in 2014 2015.

Since global economic growth is a key driver of commodity prices, local prices have been driven down by the viruss global impact. Nigeria s tourism sector is still operating below capacity even as tourism becomes the fastest growth industry globally. The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed. One regularly hears claims that tourism supports x jobs in an area or that a festival. The impact of the covid19 pandemic is divided into articles by topic. The case of plateau state of nigeria abubakar sokoto mohammed 1. The socioeconomic contribution of tourism to nigeria and north. Largescale quarantines, travel restrictions, and socialdistancing measures drive a sharp fall in consumer and business spending until the end of q2, producing a recession. Get free research paper on impact of sports and tourism on nigeria economic development our project topics and materials are suitable for students in nigeria with case studies in pdf, doc.

Economic impacts of tourism the tourism industry generates substantial economic benefits to both host countries and tourists home countries. At the center of most regional and state level economic impact analysis is an estimation method known as an inputoutput model. Topical issues on the effect of tourism on the gdp, employment, foreign exchange earnings. Pdf economic contribution of tourism in nigeria ibrahim zubairu. Impact of foreign direct investment on nigeria economic. A theoretical and empirical analysis, christopher tamina 2015 benchmarking to identify comparison countries for nigeria 0 20 40 60 80 100 120 140 160 180 200 0 10 20 30 40 50 60 70 total natural resources rents % of gdp average 2011 20 nigeria malaysia colombia ghana natural.

This brochure provides new data on the economic and social benefits of air transport including its valuable contribution to job creation and gross domestic product gdp. Economic performance, domestic tourism, international tourism, cointegration introduction the growth of the global tourism industry is immense, with international arrivals growing by 51 percent over the last ten years, from 594 million in 1997 to an estimated 898 million in 2007 unwto, 2008. Tourism is very vibrant sector in the world economy apart from contributing significantly to the gross domestic product gdp of many countries, it provides employment for. The investigation reveals that globally, tourism has become a sustainable revenue earner competing favourably with the manufacturing sector, especially in the developed countries. It is derived from the latin hospes, which encompasses the words guest, host, and foreigner latdict, 2014. Deteriorating nature experienced in the level of economic activities in nigeria is evident in most sectors of the economy, including the tourism sector.

The authors acknowledge the technical and logistic support provided by both the regional and nigerian country offices of who that made the study possible. Eca estimates billions worth of losses in africa due to covid. Economic impact of tourism being the largest growing industry in the world, it is but natural to discuss and understand the economic impact of tourism at all levels regional, national and local. Although the outbreak comes under control in most parts of the world by late in q2, the selfreinforcing dynamics of a recession kick in and prolong the. A model was specified in which tourism earning, inflation rate and exchange rate are expressed as a linear function of economic growth proxy by real gdp. The data collected from wttc data base online were presented to show the trend of economic. Much of the economic activity generated by agricultural exports is in food processing, services, transportation, and wholesale sectors. Economic contribution of the food and beverage industry. Cross border tourism in nigeria border state and its socioeconomic. It mainly related with travelling internationally but may also bring up travelling within the same country or outside the state. Thus, this lack of research on the impact of tourism on economic growth in nigeria is the major motivation for this study. The world travel and tourism council wttc ranked nigeria to be in the 56,h position out of 174 countries in absolute tourism size. The study sought to ascertain the vibrancy of tourism industry on the nigerian economy.

Job generation, foreign exchanges earnings, development of infrastructure, etc. Tourism is very vibrant sector in the world economy apart from contributing significantly to the gross domestic product gdp of many countries, it provides employment for a huge percentage of the world population. The word hospitality predates the use of the word tourism, and first appeared in the 14th century. Mar 10, 2020 since global economic growth is a key driver of commodity prices, local prices have been driven down by the viruss global impact. The economic impact of tourism dissertation planet. The study was made possible from the support provided by the regional office for africa of who for the assessment of the economic burden of malaria in nigeria.

Quantifying the economic burden of malaria in nigeria using. This paper carries out an empirical investigation of the role of tourism in economic development in nigeria. Stynes businesses and public organizations are increasingly interested in the economic impacts of tourism at national, state, and local levels. Furthermore, the country continues to face massive developmental challenges, which include the need to reduce. In an optimistic scenario where tourism arrivals fall by 25% similar to ebola outbreak in 2014, an expected decrease of 25% of tourism revenues annually s1 could decrease the overall sectoral contribution to the countries and regional gdp and employment covid19 human crisis, along with travel. Tourism is an instrument in transferring a vast sum of money from income generating countries to income receiving countries. Pdf for many emerging economies tourism is the export earner. This article examines inputoutput modeling in more detail to provide a general description of economic impact concepts, to provide an example of an economic. Article pdf available in tourism economics 144 september 2007 with 8,562 reads how we measure reads. Predictions for the extent to which impacts of tourism will impact the worlds economic system appear to agree that the number of international tourist arrivals will reach approximately 1. The word tourist appeared in print much later, in 1772 griffiths and griffiths, 1772. The socioeconomic contribution of tourism to nigeria and north cyprus a comparative approach. The uncertainty of the impact of covid19 on local markets is expected to lead to increased risk aversion from investors.

William theobald suggests that the word tour comes. How coronavirus and the global oil price war can impact nigeria. Nigeria can make tourism its new oil with proper direction and vision. The uncertainty of the impact of covid19 on local markets is expected to lead to increased risk aversion from investors who are waiting to see its potential impact in africa. Nov 03, 2017 economic impact of tourism being the largest growing industry in the world, it is but natural to discuss and understand the economic impact of tourism at all levels regional, national and local. Impact of foreign direct investment on nigeria economic growth. Accordingly the nigeria government has to diversify the economy to incorporate the tourism sector with the launching of nigeria tourist association. Statistical bulletin, annual reports and statement of accounts. Pdf cross border tourism in nigeria border state and its. The economic benefits of aviation and performance in the.

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