The Akwa Ibom State Government is making a bold pitch to the Federal Government: provide N5 billion monthly to every state in the country to develop tourism as a tool for economic diversification. The request, made during a recent economic policy dialogue, underscores the growing push among subnational governments to shift Nigeria away from its long-standing dependence on oil revenue.
Officials from Akwa Ibom argued that the tourism sector, if properly funded, could become a major economic pillar, capable of generating jobs, attracting foreign investment, and showcasing Nigeria’s cultural and ecological wealth. They cited successful examples from other parts of the world, including nearby African nations that have capitalized on tourism to boost GDP and reduce unemployment.
The N5 billion monthly proposal has sparked mixed reactions. Some analysts view it as ambitious and necessary for long-term development, while others question its feasibility, citing current fiscal challenges at the federal level. Still, the conversation is timely. With oil prices fluctuating and unemployment rising, many agree that exploring alternative sources of income isn’t just strategic—it’s urgent.
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