The newly unveiled Eko Tourism Foundation (ETF) has set its sights on transforming tourism into a key driver of Nigeria’s economy, creating millions of jobs and attracting investments into the sector.
Speaking at the official launch and inauguration of the governing board in Lagos, Chairman of the ETF Board of Trustees, Lai Mohammed, described the initiative as a bold step to reposition tourism as a sustainable alternative to the country’s oil-dependent economy.
According to Mohammed, the foundation—an initiative of the Lagos Chamber of Commerce and Industry (LCCI)—will serve as a unifying platform for government, private sector, and industry stakeholders while also functioning as the advocacy voice for Nigeria’s tourism.
Citing World Travel and Tourism Council data, he projected that the sector would grow by 5.4 percent annually between 2023 and 2030, adding 2.6 million jobs and generating $5.58 billion in revenue.
Nigeria’s tourism currently contributes 3.6 percent to GDP, or $17.3 billion, and supports between 10 and 15 million jobs.
Mohammed noted that fragmented efforts have slowed the sector’s progress for too long, adding that the ETF would harmonize activities, promote Lagos as the destination of choice for global operators, and champion festivals and capacity-building programs to nurture future generations.
“This is a forward-thinking initiative designed to make Lagos not just a commercial hub, but the tourism capital of Africa,” he said.President of the LCCI, Gabriel Idahosa, echoed the vision, saying the goal is to position Lagos among the top 10 tourism destinations worldwide.
Other members of the ETF Board of Trustees include Erelu Dosunmu, Dr. Nike Okundaye, Dr. Yemisi Shyllon, Karl Hala, Dr. Iyadunni Gbadebo, and Dr. Tunde Lawrenson.
