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Journal of Emerging Trends in Economics and Management Sciences (JETEMS)
ISSN: 2141-7024
| Abstract: One of the cardinal economic interests of the Federal Government of Nigeria is to diversify the economy in relation to areas of competitive advantage, and one of such areas is tourism. Tourism has become a major source of economic diversification for many countries, allowing for new employment and income earning opportunities. Although, the developed countries account for a higher proportion of global tourism, many developing countries are beginning to take advantage of the huge opportunities offered by this sector. However, only developing countries with effective natural and man-made tourism supporting and enhancing infrastructure have been able to develop their tourism sector and seize the attendant advantages. Nigeria is one of such countries, with huge tourism potentials, especially given its natural and diversified landscapes. Consequently, Nigeria is currently seeking to diversify her economy away from crude oil production to maximize the employment and income generating opportunities Tourism offers. This paper therefore critically analyses Nigeria?s tourism potentials, focusing on the impacts on the wider economy. Appealing to the qualitative method of research, the paper concludes that the tourism sector has huge potentials yet unexplored, which if properly supported, through the Public-Private Partnership Policy, can contribute significantly to the economic diversification and poverty alleviation efforts of Cross River State government, one of the leading states in this sector. |
| Keywords: tourism, economic diversification, development, sustainability, poverty alleviation. |
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