NATIONAL TOURISM TRANSPORT SUMMIT: NIMASA Boss Calls On Tourism Players To Maximize Opportunities
Aliyu Juwairat/ Oru Leonard
The Director General, Nigeria Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Yusuf Jamoh has called on the Nigerians tourism players to maximize the opportunities. Therein, to increase economic metabolism in the Nigeria tourism sectors.
Dr. Bashir made this call on Monday, 8th May 2023, National Tourism Transportation Summit and Expo 6th Edition held at the International Conference Centre Abuja, Nigeria.
Dr. Bashir, while stressing further, advised that tourism stakeholders create awareness and develop research in the Maritime domain in order to bring out silent opportunities that can attract not just the federal government of Nigeria but the foreigners and foreign investors to come and enhance the opportunities of tourism business true the blue economy in Nigeria. He uses maps to analyze the inland water ways, oceans and how various creative business opportunities can be made by tourist in those resources after series of research and eradication of insecurity.
The theme of the event which was AFCFTA: Exploring Intra-African Trade, Tourism and Transportation Opportunities and Mitigating The Barriers To Collaborate”, is aimed at discovering and exploring the opportunities in the Nigeria tourism sectors.
The African Continental Free Trade Area (AfCFTA) is the world’s largest free trade area bringing together the 55 countries of the African Union (AU) and eight (8) Regional Economic Communities (RECs) to create a single market for the continent. The aim is to enable the free flow of goods and services across the continent and boost the trading position of Africa in the global market.
AfCFTA contributions to the African Economy.
It is estimated that the AfCFTA has the potential both to boost intra-Africa trade by 52.3 percent by eliminating import duties and to double this trade if non-tariff barriers are also reduced.
With average tariffs of 6.1 percent, businesses currently face higher tariffs when they export within Africa than on the continent. The AfCFTA will progressively eliminate tariffs on intra-Africa trade, making it easier for African businesses to trade within the continent and benefit from the growing African market.
The AfCFTA is expected to expand the size of Africa’s economy to US$29 trillion by 2050.
