As part of the plan to develop the commercial capital of Nigeria’s tourism sector, the governor of the state commissioned Eko Signature, a five star addition to the Eko Hotel group, to encourage investments into the state’s tourism sector.
“I think it’s another addition to the footprint of increasing investments in Lagos, growing the economy of the state and the country, particularly taking advantage of an emerging and expanding tourism business in the state,” Governor Babatunde Raji Fashola told CNBC Africa.
The extension of 171 suites cost the owners of Eko Hotel & Suites a whopping 2.5 billion naira and the governor noted that the new hotel is an investment that creates significant opportunities for the people that would be directly employed there and the people whose businesses would be defined by what happens there.
“From my part, it represents the vote of confidence in the policies and the programs that the government in the state has implemented towards ensuring that businesses thrive here. [Including] policies of efficiency, service delivery, access to justice, protection of citizens’ rights, proprietary and I think that security of life and property,” he said.
Despite government’s efforts to revive the tourism sector, infrastructure remains a huge challenge as the country continues to grapple with security issues in some areas of the state.
“Tourism is all about destination. If you can’t get there then there is no tourism so as the transport assets that we are building through roads, rails and ferries increase in sufficient quantity, we would see the full impact of these. As government we are helping to harmonise the payment of operational costs, levies and business taxes in a way that is easy and conducive for businesses,” he explained.
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Nonetheless, as hotels are key components of tourism, the state is actively encouraging the registration of hotels to drive the sector towards its ultimate goal of making the state a tourist haven.
“The future medium term and the future economy of Lagos will be defined by tourism, technology, education and continuous development of our human capital,” he added.