Min­istry, NSE seal deal on tourism sec­tor

Daily Trust - - CAPITAL MARKET - Arunma Oteh, DG, SEC

Min­istry of Cul­ture, Tourism and Na­tional Ori­en­ta­tion and the Nige­rian Stock Ex­change (NSE) have en­tered into part­ner­ship to help stir up in­ter­est and gen­er­ate in­vest­ment to­wards cul­ture and tourism in Nigeria.

Speak­ing at the in­au­gu­ra­tion of the board and plan­ning com­mit­tee of the pres­i­den­tial sum­mit on tourism in La­gos, Min­is­ter of Cul­ture, Tourism and Na­tional Ori­en­ta­tion, Chief Edem Duke said it was nec­es­sary to de­velop travel and tourism sec­tor of Nigeria be­cause of its im­por­tance to the econ­omy.

He said that the tourism sec­tor can cre­ate jobs for many un­em­ploy­ment youth if com­pre­hen­sively de­vel­oped.

“When we talk about the chal­lenges fac­ing the youth in Nigeria, tourism is one of the very few sec­tors that will be able to ac­com­mo­date all kinds of pro­fes­sion­als, this is one sec­tor that brings other sec­tors to­gether”, Duke said.

“In South Africa, tourism is the great­est con­trib­u­tor to their GDP, for Nigeria to be among top 20 coun­tries by 2020 we must be­gin to do some of those things that they are do­ing.”

He said that Nigeria has about 242 tourist sites and 100 her­itage sites that have not been prop­erly de­vel­oped, adding that “it will help us to re­po­si­tion our coun­try.”

In his own speech, the Chief Ex­ec­u­tive Of­fi­cer of NSE, Os­car Onyema, said there is an enor­mous growth op­por­tu­nity in the tourism sec­tor.

Onyema said the ex­change is com­mit­ted to the de­vel­op­ment of the tourism sec­tor in Nigeria, ex­press­ing his hope that the on­go­ing na­tional dis­course will set the tone for a higher level of in­ter­est and in­vest­ment in the sec­tor than ever wit­nessed be­fore now.

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