Tourism Development in Nigeria: Implications for Economic Growth and Diversification

Segun Subair Awode
Additional contact information
Segun Subair Awode: Nigerian Institute of Social and Economic Research, Ibadan, Nigeria

South-Eastern Europe Journal of Economics, 2022, vol. 20, issue 1, 7-30

Abstract: This study explored the potentials of the Nigerian tourism sector for economic growth and economic diversification. The study employed annual secondary data covering the period between 1995 and 2019, analysed using both descriptive and econometric approaches. Results showed that the performance of the tourism sector in Nigeria has been unimpressive but potentials abound. Security, electricity and air transport infrastructure were found to be positive determinants of tourism development, while a growth-led tourism development hypothesis was confirmed for Nigeria. The findings are compelling to suggest that investing in Nigeria's economic growth could be the first step in stimulating tourism development.

Keywords: Tourism Development; Economic Growth; Economic Diversification; Nigeria (search for similar items in EconPapers)
JEL-codes: F43 L83 O40 Z32 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.asecu.gr/Seeje/issue38/issue38-awode.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:20:y:2022:i:1:p:7-30

Access Statistics for this article

More articles in South-Eastern Europe Journal of Economics from Association of Economic Universities of South and Eastern Europe and the Black Sea Region Contact information at EDIRC.
Bibliographic data for series maintained by Ms. Melina Petromelidou ().