Lanre Balogun, general manager of Glocient Hotel Limited, owners of the Ikogosi Warm Springs Resorts in Ekiti State, claims that despite the enormous potential for luring direct foreign investment, Nigeria’s hotel industry is still not completely developed.
Additionally, he said that investments in the hotel industry will stop the youth from moving to other countries in search of better lives due to the “Japa syndrome.”
Balogun made this statement after Ikogosi Warm Springs Resorts received the Best Holiday Resorts in Nigeria award at a ceremony held in Owerri, the capital of Imo state.
He stated:
“The Hospitality sector in Nigeria is the most lucrative in the world and we have not even tapped 30 per cent of it. What we need to make it more viable is power.
“We took over Ikogosi Warm Springs Resorts barely six months ago but before this time, the place was a dead zone but we have turned it around. It was given as a concession to Glocient Limited by the Ekiti State Government for certain years. The award is simply a recognition of what we have already done with Ikogosi Warm Springs Resorts and we are going to replicate it.”
cc: Punch Ng
