Tourism Injects N4.1 trillion into Lagos GDP
The tourism industry in Lagos is playing a vital role in the state’s economic growth, contributing N4.1 trillion to its Gross Domestic Product (GDP), according to fresh insights shared during the World Tourism Day celebration.
The event, organized by the Lagos State Ministry of Tourism, Arts, and Culture, revealed that the sector now accounts for 10% of the state’s GDP annually.
Oba Abdulwasiu Omogbolahan Lawal, the Oniru of Iruland, highlighted this during his presentation as the lead panelist at the event.
He pointed out that Lagos is experiencing a remarkable rise in its GDP, which surged from N27 trillion to N41 trillion over the four years of Governor Babajide Sanwo-Olu’s administration.
Lawal acknowledged Lagos’ vast potential as a global tourism hub, emphasizing the city’s rich cultural history, vibrant arts sector, and stunning waterfronts, which have positioned Lagos as a prime destination for international visitors.
However, he also noted that challenges such as infrastructure deficiencies and concerns about property rights have continued to hold the sector back.
“The government has been working tirelessly to improve infrastructure and bolster security to create a more attractive environment for tourists,” he stated.
“Additionally, we have implemented educational programs to equip young people with skills in hospitality and cultural heritage management, which have provided employment opportunities and enhanced social harmony,” he added.
Also addressing the gathering, Lagos State Commissioner for Tourism, Arts, and Culture, Toke Benson-Awoyinka, reiterated the government’s commitment to using tourism not just as an economic driver but as a vehicle for peace.
“This year’s theme, Tourism and Peace, is a reminder of how tourism fosters unity, bridges cultural gaps, and promotes understanding among different peoples and nations,” Benson-Awoyinka said.
“Lagos, as a melting pot of culture and commerce, knows firsthand how tourism can contribute to building a peaceful and inclusive society,” she stated.
She added that tourism serves as a powerful tool for fostering mutual respect and tolerance.
“As people from diverse backgrounds visit and explore Lagos, they engage in cultural exchanges that promote friendship and coexistence. This spirit of shared humanity positions tourism as an engine for peace and reconciliation,” she said.
Benson-Awoyinka also spoke about Lagos’ continued efforts to shine as a top global tourist destination, highlighting the state’s collaboration with Sterling Bank.
She said the partnership aims to harness tourism’s potential to drive sustainable development while uniting people across borders.
