La­gos

Tourism Tattler - - BUSINESS & FINANCE -

La­gos is the 7th largest econ­omy in Africa and is ex­pected to grow even big­ger as it has be­come an oil-pro­duc­ing state in the first half of 2016 and rep­re­sent 13% of the rev­enues gen­er­ated by the gov­ern­ment through its oil. A num­ber of ho­tels have opened in 2016 and a lot more are sched­uled to open over the next 8 years adding over 3,000 rooms all over the coun­try. The com­pa­nies in­volved are Star­wood Ho­tels & Re­sorts, Mar­riott In­ter­na­tional, Hil­ton World­wide, Moven­pick Ho­tels & Re­sorts, Rotana and BON Ho­tels.

Not only the big­gest play­ers in the hos­pi­tal­ity in­dus­try are in­ter­ested in Lago's fu­ture, but also var­i­ous in­ter­na­tional fig­ures showed in­ter­est in 2016 by vis­it­ing the city, the coun­try and its pres­i­dent. Man­ag­ing Di­rec­tor of the In­ter­na­tional Mon­e­tary Fund, Christine La­garde, came to Nige­ria to strengthen the part­ner­ship, meet and en­gage with busi­ness lead­ers, leg­is­la­tors, Pres­i­dent Buhari and other se­nior lead­ers. King Mo­hammed VI of Morocco went to the coun­try to strengthen the bi­lat­eral co­op­er­a­tion and Mark Zucker­berg, CEO of Face­book, sur­prised La­gos with a visit in Au­gust 2016 to meet with en­trepreneurs and de­vel­op­ers and to learn about the “start-up ecosys­tem” in the city.

For de­tailed anal­y­sis visit http://hvi.hvs.com/mar­ket/africa/Nige­ria_-_La­gos

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.