Arab Investors Eyeing Nigeria’s Tourism Sector


Arab investors from the United Arab Emirates have met with the Minister of Information and Culture, Alhaji Lai Mohammed, indicating interest to invest in Nigeria’s tourism sector.

The Arab investors said Nigeria had the full potential in the tourism sector which they were willing to explore.

The meeting on Sunday in Abu Dhabi, United Arab Emirates (UAE), was co-ordinated by Nura Rimi, the Charge d’ Affaires of the Embassy of Nigeria in UAE.


A renowned sectorial investor and Consultant, Mohammed Hamadi, speaking after the meeting, said he would be leading a team of investors to Nigeria between April and May 2017 to explore areas of opportunities in the tourism sector.

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Specifically, Hamadi said the team would explore opportunities in the natural, cultural and business potentials in the tourism sector.

He pointed out that Nigeria had a lot of investment opportunities, being the largest country in Africa in terms of population.

Hamadi said tourism is one of the most viable industries in Nigeria and they are ready to add a lot to the Nigerian tourism sector, adding that Nigeria and the Gulf countries are sharing the same similarity with the dependency on oil resource and needs to diversify to other resources inevitably.

Hear him; “Nigeria has a lot of natural and cultural endowments, therefore, natural and cultural tourism is one of the options we are considering.

Cultural tourism is a viable area especially in some cities like Lagos, Kano and other cities where you have cultural touch base.

Business tourism is another area we are interested in because Nigeria is a country where a lot of people move from North to South.

When I traveled to Nigeria, I noticed that every half an hour we see people moving particularly to Lagos and Abuja.

All of these people need different places to stay and hotel and relaxation centres in different categories will also be our interest.”

Also speaking at the event, Daniel Weihrouh, a German whose tourism business, Lions and Gazelles, is based in Abu Dhabi, said his company was ready “to ignite tourism in Nigeria’’.

Weihrouh said the company had planned to start with domestic tourism to attract the attention of the people to the potentials in the sector.

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Minister of Information, Lai Mohammed told the Arab investors that the Nigerian government would look forward to receiving them in the country.