Worried about the total dependence on oil as a nation, despite efforts made to diversify the economy, a Professor of Geography, at the Ekiti State University (EKSU), Ado-Ekiti, Funso Isolaowa Afolabi, has called on President Muhammadu Buhari to pay more attention on tourism, as a way to break even.
Prof. Afolabi who made the call while delivering the Institution’s 54th Inaugural Lecture, titled: ‘Tourism Entrepreneurship: Putting Profit After Suitable Location and Sustainable Hotel Operations’, cautioned against the over-reliance on oil, saying that, it may dry up someday.
He advised the government to diversify and invest in tourism, which he said has the potentials to replace oil.
Prof. Afolabi who cited Caribbeans countries where tourism ranks first, apart from industries and agriculture; Pacific countries where it ranks first from other sectors; and also Kenya, where it is number one, apart from industries and agriculture; stated that Nigeria has the potentials to replacing oil with tourism.
“So we should not fold our hands. If our oil dries, what are we going to do?
“This is why we are recommending that tourism should take over from oil. This we can do with strategic thinking”, he noted.