Socioeconomic impact of tourism development in nigeria case. The impact of the covid19 pandemic is divided into articles by topic. Deteriorating nature experienced in the level of economic activities in nigeria is evident in most sectors of the economy, including the tourism sector. Feb 06, 2014 nigerias tourism sector is still operating below capacity even as tourism becomes the fastest growth industry globally. How coronavirus and the global oil price war can impact nigeria. The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed. 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.
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. Quantifying the economic burden of malaria in nigeria using. 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. Job creation is paramount to any discussion about tourisms positive economic effects. The socioeconomic contribution of tourism to nigeria and north cyprus a comparative approach. The impact of tourism on economic growth and development in africa. Nigeria s tourism sector is still operating below capacity even as tourism becomes the fastest growth industry globally. 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. The investigation reveals that globally, tourism has become a sustainable revenue earner competing favourably with the manufacturing sector, especially in the developed countries. The word tourist appeared in print much later, in 1772 griffiths and griffiths, 1772. Pdf performance assessment of tourism sector as a vital tool of. This article examines inputoutput modeling in more detail to provide a general description of economic impact concepts, to provide an example of an economic.
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. Impact of foreign direct investment on nigeria economic. Pdf for many emerging economies tourism is the export earner. 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. The world travel and tourism council wttc ranked nigeria to be in the 56,h position out of 174 countries in absolute tourism size. Economic impacts of tourism the tourism industry generates substantial economic benefits to both host countries and tourists home countries. Eca estimates billions worth of losses in africa due to covid. 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. 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. Tourism is an instrument in transferring a vast sum of money from income generating countries to income receiving countries. The impact of covid19 on key african sectors insight. Tourism is very vibrant sector in the world economy apart from contributing significantly to the gross. Since global economic growth is a key driver of commodity prices, local prices have been driven down by the viruss global impact.
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. Economic contribution of the food and beverage industry. Thus, this lack of research on the impact of tourism on economic growth in nigeria is the major motivation for this study. Interaction effect of tourism and foreign exchange earnings on. 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. 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. The authors acknowledge the technical and logistic support provided by both the regional and nigerian country offices of who that made the study possible. 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. Accordingly the nigeria government has to diversify the economy to incorporate the tourism sector with the launching of nigeria tourist association.
The socioeconomic contribution of tourism to nigeria and. It is derived from the latin hospes, which encompasses the words guest, host, and foreigner latdict, 2014. Assessing the impacts of hospitality industry in enugu city. 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. However, competitiveness for competitiveness sake may become a burgeoning constraint on the sector as a whole. 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.
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. William theobald suggests that the word tour comes. 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 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. 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. The study examined the impact of tourism earning on economic growth in nigeria between 1996 and 2016. The uncertainty of the impact of covid19 on local markets is expected to lead to increased risk aversion from investors.
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. 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. Much of the economic activity generated by agricultural exports is in food processing, services, transportation, and wholesale sectors. One regularly hears claims that tourism supports x jobs in an area or that a festival. 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. 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. More so, every year substantial percentage of the world population travel on. Pdf economic contribution of tourism in nigeria ibrahim. 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. The data collected from wttc data base online were presented to show the trend of economic. 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. 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. Largescale quarantines, travel restrictions, and socialdistancing measures drive a sharp fall in consumer and business spending until the end of q2, producing a recession. Stynes businesses and public organizations are increasingly interested in the economic impacts of tourism at national, state, and local levels.
Despite tourisms increasing importance in nigeria economy, the sector has attracted limited attention in. Cross border tourism in nigeria border state and its socioeconomic. The case of plateau state of nigeria abubakar sokoto mohammed 1. Pdf economic contribution of tourism in nigeria ibrahim zubairu. 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. Nigerias economy has never fully recovered from the oil price crash that took hold in 2014 2015. The stcrc modelling project this study reports on the work done so far by the stcrc economic modelling project.
Job generation, foreign exchanges earnings, development of infrastructure, etc. 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. Especially in developing countries, one of the primary motivations for a region to promote itself as a tourism destination. Furthermore, the country continues to face massive developmental challenges, which include the need to reduce. The main type of data used in this study is secondary. The word hospitality predates the use of the word tourism, and first appeared in the 14th century. The economic benefits of aviation and performance in the. With this backdrop, the objectives of this study are threefold.
Tourism is one of the key industries driving the current change and tourism could be a transformative tool within this takeoff. Nigerias tourism sector is still operating below capacity even as tourism becomes the fastest growth industry globally. First, the paper provides an account of the economic contribution of tourism sector to the economy of nigeria. With the rise in sustainable tourism and an increased number of initiatives for being environmentally friendly, tourists and stakeholders alike are now recognising the importance of environmental management in the tourism industry. This paper carries out an empirical investigation of the role of tourism in economic development in nigeria. 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. Impact of foreign direct investment on nigeria economic growth. Nigeria can make tourism its new oil with proper direction and vision.
There is also a direct linkage between tourism, environment and the local economy in terms of social and economic development. Article pdf available in tourism economics 144 september 2007 with 8,562 reads how we measure reads. Pdf cross border tourism in nigeria border state and its. 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 study sought to ascertain the vibrancy of tourism industry on the nigerian economy. 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. Statistical bulletin, annual reports and statement of accounts.
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