Business
‘Nigeria, Fastest Air Travel Market In Africa’
Nigeria has been identi
fied by travel and hospitality experts as the fastest growing air travel market in Africa, recording 1.5million visitors last year.
Experts told newsmen that studies carried out on the industry have indicated that Nigeria’s hospitality industry has overtaken that of South Africa, Mauritinia and China.
According to them, while growth in the hospitality and travel industry in Nigeria is phenomenon, the market in the other countries have been saturated.
A travel expert, Mr Ikechi Uko, attributed the growth in Nigeria to the emerging middle class, in spite of the seeming economic stagnation.
“The middle class is growing at incredible rate and that explains why the economy cabin of many airlines operating into Nigeria record load factor.
Those who will tell you that the economy is not growing are those who board business class. They don’t know what is happening at the economy class,” Uko said.
He noted that many new international hotels are extending their operations in Nigeria, especially Lagos and the rates have not come down because of high patronage.
“Lagos is the fourth most visited city in Africa and Nigeria is an environment that rewards efforts and when people travel to new places they see new things and they do business. Nigeria is rated the biggest destination in West Africa,” he stated.
Another aviation expert, Mr Nick Fadugba,0 described Nigeria as the fastest air transport market in Africa, stressing that the country should reposition its airlines to benefit from the viable market.
An important destination between Nigeria and most other countries in Africa is that Nigerian air traffic is almost inelastic, the high demand will still be there regardless of most crises. In contrast, North African countries depend on foreign tourism for most of their air traffic.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
-
Business3 days agoFEC Approves Concession Of Port Harcourt lnt’l Airport
-
News3 days agoNCSU Set To Hold 113th Anniversary, SEC Meeting In PH
-
Maritime3 days agoJustice At Sea: NIMASA Partners Judiciary To Chart New Course For Blue Economy Growth
-
Sports3 days ago
Pillar Of Associations Tournament To Welcome Sponsors
-
News3 days agoHerders, Farmers Clashes: Monarch Tasks Tinubu, Govs On Reconciliation
-
Education3 days agoKenpoly begins 2025/2026 academic session
-
Oil & Energy3 days ago68% Of Electricity Consumers Bypassing Prepaid Meters — NISO
-
News3 days agoInstitute Holds Confab In PH, Honours 59 Eminent Nigerians
