UNILAG AD
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Saturday, August 13, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad

TRAVEL: Like Britain, tourism can help bail Nigeria out of recession, By Folu Olamiti

byPremium Times
November 20, 2016
Reading Time: 3 mins read
0

Early this year, when the naira started dropping in value to a dangerous low, I started dreading travelling abroad, especially to places like Great Britain. Since virtually all the airlines began to review their fares upward, occasioned by low naira exchange rate to international currencies, one really had no choice than to either stay at home or risk travelling and getting stranded in a foreign land. The situation worsened to a point when the exchange rate stood at N600 to £1 but there seems to be a moment of reprieve now. And this is coming from the exit of Britain from the European Union.

With the BREXIT, the almighty pound sterling started to tumble, falling to its lowest level in 31 years. Travellers (especially those who pay in Dollars) now earn almost double of what they used to earn as a  dollar now exchanges for £1.2 after BREXIT. Before BREXIT a dollar exchanged for £1.8. I experienced this during my last trip to London between 7 October and 24 October, 2016. I witnessed an unprecedented influx of passengers on the day I flew into London Heathrow Airport. Tourists, mostly from Asian countries, formed a long queue waiting for clearance at the entry points. It took me 40 minutes to get cleared, the first time I was experiencing such delay in recent years.

The falling pound sterling was the reason tourists poured like bees into London this year summer time. They hopped from one shopping mall to another.  The British media had risen to the occasion. Like other businesses, they too exploited the slump in the pound to publish products that tourists couldn’t resist.

The Guardian of London of 11October, 2016, in a front page story anchored by Rebecca Smithers, wrote: “The UK has recorded its biggest month for tourist visits after the referendum .Related slump in the pound lured 3.8million people to British shores in July-the highest month ever for overseas tourists who shelled out £2.5bn, 4 percent more than last year, according to new figures from the tourism agency Visit Britain.

“This has turned the UK into a cheaper destination for millions of foreign travelers wanting to shop for luxury goods or visit attractions ranging from ancient monuments to the Buckingham Palace.

Many Britons are happy with this turn of events as Christopher Rodriques noted: “Tourism is a shining star in an uncertain world. As our fourth biggest service export, and one of our fastest growing sectors, tourism’s importance as a key economic driver and  job creator is  clear”

On the other hand, Simon Derrick, Chief currency strategist noted: “Though a weaker pound can boost exports and help re-balance the economy from being overly reliant on consumption rather than trade and investment, standard of living in the country could drop in coming months as inflation pushes higher.”

Against this background, one can deduce that the current recession in Britain engendered by BREXIT is a bag of mixed blessings as that decision has buoyed tourism, thus helping to stabilize the UK’s economy, in spite of the weakened  purchasing power of many Britons.

Members of one group   who are not complaining are those selling wares, who are daily smiling to the banks .

TEXEM Advert

Coming back to Nigeria, the story flips to the opposite side with Nigerians reacting to the gripping recession in the country by groaning, lamenting and blaming government for all their woes. But should they keep wallowing in dejection when others across the globe are seeing recession as a  door to prosperity?.  Britain is one country hit by recession and has been taking every step to earn prosperity instead. Rather than weeping and sulking, Britons are taking everything in their stride, turning their adversity into opportunity.

The lesson here is that Nigeria has a lot to learn from Britain’s  private sector, the academia, tourism industry, the  media and entertainment sectors, among others, which  took up the challenge to lead their  way out of recession. The government only sets the standard. But in Nigeria, people blame government for everything. We seem to conveniently forget that we elected the government and chose the leadership. We therefore, need to stop our penchant for blaming the government for everything not working well.

While conceding that the leadership needs to create an enabling environment –as in Britain – by providing  adequate security and infrastructural facilities which would attract  investors and tourists that could help lead the nation out of recession, we cannot absolve ourselves of part responsibility in efforts to  resuscitate the economy.

The nation is in the grip of myriads of daunting problems .There are wars on all fronts, as the government battles  the  Boko Haram insurgency, militant groups in the Niger Delta, Kidnapping and restless Biafra agitators. In spite of all these problems, opportunities still abound in Nigeria for organizations and citizens to tap into.This is where focus on tourism comes in. Given the huge emphasis the government now places on diversification of the economy,  those  managing the tourism sector should be creative in exploiting the potentials of tourism in the country. They have the huge task of turning the sector into a money spinning alternative, using models such in places like United Arab Emirate; Dubai, Great Britain, Jordan, Jamaica and China among others.

I am happy to note the recent visit of the Minister Of Information and Culture, Lai Mohammed, to Marrakech, Morocco to attend United Nations Conference on Climate Change where ministers of tourism gathered to exchange ideas. Nigeria is blessed with many attractive tourist destinations which  have the potential to earn foreign exchange for the country  if well developed and harnessed.

Some of Nigeria’s  major tourist centres   include; Ibeno Beach, Obudu Mountain Resort, Ngwe Pine Forest, Awhun Waterfall,the Tinapa Free Zone Resort, Sukur Cultural Landscape, the Yankari Game  Reserves, the Osun Osogbo and others. I had visited some of these centers in the last few months. They are wonders to behold. Unfortunately, apart from Obudu Mountain Resort, the rest are not attracting patronage due to criminal neglect, majorly because of inadequate security, dismal maintenance and low publicity. Ultimately, the government will need to prioritize its economic diversification programme by placing more emphasis on tourism.

* Mr. Olamiti, a media Consultant, writes from Abuja.

  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • WhatsApp
  • Share on Tumblr
  • Pocket


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

INTERVIEW: What we are doing to absorb costs on behalf of Nigerian subscribers – DSTV

Next Post

Simple Psychology Trump Used for Victory, By Bisi Daniel

Premium Times

Premium Times

More News

Dupe Olusola, Managing Director and Chief Executive Officer of Transcorp Hotels Plc

Will tourism advance Africa’s socio-economic narrative?

October 8, 2021
A passport used to illustrate the story

TRAVEL: 20 countries Nigerians can visit without visas plus 25 visa-on-arrival destinations

August 19, 2021
People are masking and taking the risks to travel again

TRAVELOGUE: Back in the air, amidst COVID-19 challenges, By Folu Olamiti

August 16, 2021
Wale Okediran and some Congolese writers

TRAVELOGUE: Inside the fun and thrills of a week in Congo Kinshasa, By Wale Okediran

June 9, 2021
Thomas Thomas holds out a container to show that water from the river turns white when put inside a bottle [PHOTO CREDIT: Anietie Usen]

TRAVELOGUE: The water in this Akwa Ibom river is unbelievably green at all times

April 28, 2021
Breathtaking landscapes in Canada [PHOTO CREDIT: @Canada]

What You Need to Know About Moving To Canada, By Bamidele Salako

April 21, 2021
Leave Comment

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2022 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2022 The Premium Times, Nigeria