Monday, April 12, 2021
Home > News > Lagos begins disbursement of N1bn to tourism industry

Lagos begins disbursement of N1bn to tourism industry


Secretary to the State Government, SSG, Mrs Folashade Jaji on behalf of Lagos State Government has initiated the disbursement of a one billion naira capital investment loan promised to stakeholders of the tourism industry to help drive the sector after experiencing a fall due to COVID-19.

Some of the disbursement was done at the maiden edition of Lagos Tourism, Hospitality, Arts and Culture Economic Summit, LATHACE which held in Lagos on Thursday.

The event was organised by the federation of tourism association of Nigeria (FTAN) Lagos State Chapter, in collaboration with the state Ministry of tourism arts and culture.

The Governor, who spoke through the SSG, speaking on the theme for this event “Public-Private Partnership for Sustainable Growth of the Tourism, Arts and Culture Industry for a Greater Lagos”, said that the choice of the theme attests to the importance which his administration attaches to a public-private partnership.

The governor said:

 “The synergy between government and private sector investors and entrepreneurs will ensure steady and sustainable growth of the tourism and recreation sector in Lagos State.

“There are opportunities available for private investors and entrepreneurs to develop tourist sites and it is my privilege to inform you that UNESCO has certified “Sungbo Eredo” in the Epe Division as a World Heritage site which can be developed to boost tourism potentials in Lagos State.

” We also plan to establish a Film City in the State and the State Government has secured 100 hectares of land for this purpose with preliminary plans presently ongoing.”

The stakeholders comprise Hotel owners, tour operators, tour guides, investors, FTAN among others spoke at a Summit organised.

READ  Petrol Price May Jump To N211/N234 Per Litre – NNPC boss

Money247 recalled that Lagos State Governor, Mr Babajide Olusola Sanwo-Olu approved 1 billion Naira as seed capital for the revival of the sector after the devastating effect of the COVID-19 pandemics on the practitioners on the tourism and hospitality industry operating in the State.

Share Button
Pls SUBSCRIBE below to our Youtube channel and mailing list to get fresh updates on money making and inspiring videos and articles.
Akinola Olusegun is a blogger and publisher of this blog, You can also check out his other blogs : (videos & news), (e-commerce), (news) among others. Follow him via any or all of his social media pages to get fresh posts update.

Leave a Reply

Your email address will not be published. Required fields are marked *