Economy & Policy

Lagos Recasts Tourism as Core Business Strategy, Official Says

Lagos State has reclassified tourism from entertainment to core business strategy, a senior official said, positioning the visitor economy as a driver of the state's non-oil revenue growth.

By Daniel Okafor

1 min read

Updated

Lagos Tourism No Longer ‘Entertainment’, Now Business Strategy – Aregbe - THISDAYLIVE
Lagos Tourism No Longer ‘Entertainment’, Now Business Strategy – Aregbe - THISDAYLIVEjurvetson / Openverse

What's News

  • Lagos State official Adebola Aregbe declared tourism is no longer 'entertainment' but a business strategy.
  • The policy shift positions hospitality and cultural assets as measurable contributors to the state economy.
  • No detailed implementation plan has been published, but tourism policy will be measured against economic criteria.

Lagos State has officially reclassified tourism from an entertainment pastime to a core business strategy, according to Adebola Aregbe, a senior official in the state's tourism administration.

The policy shift positions hospitality, travel and cultural attractions as instruments of economic development rather than discretionary spending. Speaking to THISDAY, Aregbe said the state government now treats the visitor economy as a measurable contributor to Lagos's balance sheet.

The reframing carries practical weight. Nigeria's commercial capital generates the largest share of the country's non-oil revenue, and its tourism assets — from beaches along the Atlantic corridor to a dense concentration of hotels, event venues and nightlife — have long operated at scale without corresponding policy support.

Aregbe's declaration signals that the state intends to change that. By embedding tourism within its broader business strategy, Lagos aims to capture more of the value generated by domestic travel, conferences, film production and events that already flow through the metropolis.

The move aligns with a wider trend among African city governments, which increasingly market themselves as destinations for business travel, investment conferences and cultural exports rather than relying on traditional sightseeing pitches.

For operators in Lagos's hospitality and events sectors, the policy statement suggests a more favorable operating environment ahead, with tourism treated as infrastructure and revenue rather than peripheral entertainment.

The state has not yet published detailed implementation plans, but Aregbe's framing indicates that tourism policy will now be designed and measured against the same economic criteria the state applies to trade and industry — a shift that could determine how quickly Lagos converts its cultural weight into documented economic output.

Source: GN: Small Business Strategy

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Daniel Okafor

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Correspondent covering business strategy at Business Bearings.

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