Monday, February 6, 2023

Buhari regime blames dollar scarcity ‘pandemic’ for poor tourism revenue

“The dollar (scarcity) has ravaged our industry, from aviation fuel, spare parts purchases, hospitality and recreation services,” said NTDC director-general.

• August 13, 2022
NTDC and dollar

The Nigeria Tourism Development Corporation (NTDC) says dollar scarcity has become a worrisome threat to the survival of the tourism industry and related enterprises in Nigeria and third-world economies.

NTDC director-general Foluronsho Coker said this during a breakfast meeting in Lagos on Saturday. He likened the dollar position, particularly its scarcity, to another COVID-19 pandemic.

“The dollar has ravaged our industry, from aviation fuel, spare parts purchases, hospitality and recreation services, transportation, logistics and the entire national economic architecture. This currency has assumed a scarcity presence and snuffing life (out) of the tourism sector,” Mr Coker stated.

The NTDC chief also spoke on Nigerian festivals and pleaded that the process and engagement should not have political colouration and undertone to avoid polluting the heritage value chain.

“I am going on a road show in the South-West to appeal to the traditional rulers to hold on to what is true, enduring and beneficial to the growth of our festivals,” he said. “We should not pollute our local festivals and do not turn festival grounds into political podiums leading to violence.”

The NTDC director-general, who was part of the Osun-Osogbo Festival, which ended on Friday, informed that Nigeria must not lose sight of the unification process which various festivals in the country desired to promote.

He berated the disturbing tribal and religious sing-song, which was fast eating up the fabrics of national unity and cohesion.

“We grew up in Nigeria not concerned about where anyone comes from, your dialect or those things which irritate relationships. We saw ourselves as neighbours, family and friends, so I wonder at the divisions and acrimonies over ethnic and religious sentiments which unfortunately is eroding the fabric of national unity, peace and development,” added Mr Coker.

The NTDC director-general commended the Lagos government for reintroducing History and Culture studies in its schools. He said this would go a long way in teaching and educating children about the richness of Nigerian cultural tourism history and tradition.

“At NTDC, we will help give our people hope and faith in Nigeria. Indeed, these are difficult times, and people are worried about tomorrow and tourism businesses bleeding. But, we shall preach hope, stand in the gap, and lift up depressed minds even though we don’t have all the resources,” Mr Coker stressed.

He added, “We will try to navigate the process, collaborate with industry associations and together, we can win these challenges and return our country to winning ways. Nigeria’s image must be salvaged, no controversies about it, and we call out all hands on the rescue efforts.”


We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

President Muhammadu Buhari and Bola Tinubu


Group says northerners want Tinubu to succeed Buhari but Presidency cabal resisting

“This individuals with their clandestine motives have continued to play with our unity as a country.”


Over 200 killed as earthquake hits Turkey, Syria

At least 200 persons have died and millions have been displaced from their homes after a deadly earthquake.


Tems wins Grammy, Burna Boy leaves empty-handed

Tems has won her first Grammy at the 65th Grammy awards on Sunday.



Beyoncé wins record-breaking 32nd Grammy

It took the songwriter 88 career nominations to break the previous 31 Grammy Awards record.

Pervez Musharraf


UN chief mourns ex-Pakistani President Musharraf

In 2019, he was sentenced to death in absentia for high treason. The ruling was later overturned.



Guterres condemns attack on UN’s helicopter in DR Congo

M23 has seized many areas of North Kivu province in eastern DRC since last October.