News
Spotlighting the Diverse Opportunities in the Nigerian Hospitality Industry

By Adeniyi Ogunfowoke
The global hospitality industry is a trillion dollar industry. This is because everyone at some point in their lives has been part of contributing to the fastest growing industry in the world – tourism. Whether you’ve stayed in a hotel, hopped on a plane or paid to go on a tourism tour, you have made a contribution to the global hospitality industry.
Understandably, a large chunk of the contributions is being scooped by the so developed nations. The 2018 edition of the UNWTO report reveals the top 10 countries that make the most from tourism. The countries: USA, $299 billion, Spain: $96 billion, France: $86 billion, Thailand: $81 billion, United Kingdom: $72 billion, Italy: $62 billion, Australia: $59 billion, Germany: $57 billion, Macao (China): $51 billion and Japan: $48 billion.
Where is Nigeria?
In monetary terms, the sector contributed approximately N2.3 billion to the GDP as a direct contribution and N6.2 billion as a total contribution to the GDP. This is according to the Nigeria Hospitality Report published by Jumia’s Hotel and Flight Services.
In Africa, Nigeria is number 4 in terms of earnings from the hospitality according to the UNWTO report. South Africa, Egypt and Morocco hold the first three positions respectively.
This is not surprising as the African Hospitality Report discovered that Africa only received 5% of international arrivals.
Regardless, what is stopping Nigeria from earning the most income from tourism in Africa with all her ‘hospitality goodies’? The answer is because we have not fully explored the diverse and innumerable opportunities in the hospitality industry.
The opportunities in Nigeria’s Hospitality industry
Travel agencies
There is a good number of travel agencies that can serve not only the Nigeria market but also the international market. Indeed, one of the popular travel agencies is Jumia‘s hotel and flight marketplace where you can book hotels, flight and packages at the best available rate.
Tour operators
Nigeria has so many tourism destinations; some are yet to be explored while others are yet to be discovered. In-between, the attractions that have been discovered are barely toured or visited in the past. This is no longer the case. With the emergence of tour businesses like Tour2Nigeria, Irinajo, Social Prefect and TVP adventures, managed by young and vibrant Nigerians, more and more Nigerians are visiting these destinations.
Museums, festivals and other cultural venues
Museums are located in all of Nigeria’s geopolitical zones. Some of them are Badagry Museum (Lagos), Gidan Makama Museum (Kano), National War Museum (Abia) and Slave History Museum (Calabar) among others. These museums have to be repositioned to attract visitors because they can be a source of income for the government. For festivals, the country is blessed with a potpourri of festivals. From the Osun-Osogbo festival in the West to Calabar carnival in the South, Mmanwu & New Yam festival in the East and the Durbar in the North; Nigeria is home to colourful festivals and other cultural valuables.
Concert and theatre venues
The Lagos Commissioner for Tourism, Arts and Culture, Mr Steve Ayorinde, revealed that the tourism sector recorded major success in the last quarter of 2018. The state earned an excess of N50bn in cash transactions, especially in weeks preceding and following the Yuletide season. If you were in Lagos, you would be aware that a lot of concerts were held. If other states in Nigeria can earn as much as what Lagos is earning from the hospitality industry, then the contributions of the sector to the GDP will be doubled.
Other opportunities: conferences and conventions centres, spas and wellness centres, cruise companies, event management, food tourism, medical tourism, religious tourism, theme parks, fitness clubs and sports organizations (such as gyms, golf clubs, and tennis facilities), hotel development and construction and manufacturers and suppliers of hospitality equipment.
To ensure that these opportunities are fully explored so that Nigeria’s hospitality industry will attract both local and international visitors, the government have to be committed to boosting tourism infrastructure and supporting businesses in the sector.
News
NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.
Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.
“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.
Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.
“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.
He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.
“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.
During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.
Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.
“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.
The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.
In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.
Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.
The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.
News
NRS Takes Over Mineral Royalties Collection Under New Tax Laws

Nigeria Revenue Service (NRS) has assumed responsibility for collecting mineral royalties from mining operators nationwide, following new tax laws effective January 1, 2026.

NRS
The shift emerged from a Thursday meeting between Solid Minerals Development Minister Dele Alake and NRS Chairman Dr. Zacch Adedeji. Their joint statement, endorsed by both, confirms NRS now administers all federally collectible revenues, including royalties.
Enacted by President Bola Tinubu on June 26, 2025, the Nigeria Tax Laws 2025 empower this transition. The Ministry of Solid Minerals Development remains a key partner, supplying pricing data, geological insights, and sector coordination.
NRS Special Adviser Dare Adekanmbi’s statement outlines collaborative steps: a nationwide sensitization program for operators on filing and payments; development of a digital royalty system; and regular joint technical sessions to address issues.
Both agencies pledge orderly, transparent implementation to boost the mining sector. Operators must comply with obligations and join upcoming programs.
The move aims to streamline revenue collection while fostering mining growth.
News
Microsoft Revamps Copilot in Workplace AI Push

Microsoft has rolled out a new set of features for its Microsoft 365 Copilot platform, including tools for complex, multi-step work and deeper research tasks, as competition in workplace artificial intelligence (AI) intensifies.

The update introduces Copilot Cowork, a capability aimed at handling long-running tasks across Microsoft 365 applications.
The feature is being made available through the company’s Frontier programme, which typically gives early access to experimental tools.
Microsoft is also integrating technology linked to Claude – an AI model developed by Anthropic –into Copilot, signalling a broader shift toward using multiple AI systems within a single product rather than relying on a single model.
Jared Spataro, chief marketing officer for AI at Work at Microsoft, says the company is positioning Copilot as a system embedded directly into workplace software, rather than a standalone tool.
“Microsoft 365 Copilot is your AI for work,” he says, adding that it draws on multiple AI models and is integrated into existing workflows.
Alongside this, Microsoft has upgraded its Researcher feature, which is designed to analyse information from multiple sources and generate structured reports.
A new “Critique” function separates the drafting and review process between different AI models – one generates an initial response, while another evaluates and refines it.
The company says this approach improves output quality, with Researcher showing gains on its internal benchmark for accuracy, completeness and objectivity.
Another addition, called Model Council, allows users to compare outputs from different AI models side-by-side, highlighting differences in responses and reasoning.
The updates form part of what Microsoft calls “Wave 3” of Copilot, as it pushes to embed generative AI deeper into enterprise software. The move reflects a wider industry trend towards combining models from multiple providers, including OpenAI and Anthropic, to improve performance and reliability.
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