With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
It may not rank high among the world’s recommended travel destinations, but tourism in Nigeria is among the few sectors with significant potential to support efforts to diversify away from oil in a sustainable and inclusive manner. Though largely guided by business travellers, the sector could also benefit from the nation’s rich cultural...
Despite Gabon’s vaunted initiative to stimulate growth in tourism, the sector still suffers from some restrictive bottlenecks, and nowhere is that more evident than the issue of room capacity.
The year 2012 has been a memorable one for Gabon so far, co-hosting with Equatorial Guinea football’s African Cup of Nations (Coupe d’Afrique des Nations, CAN), one the world’s most important sporting events, for the first time in its history.
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