Harnessing Tourism Potentials for Growth and Employment Generation in Nigeria: A Socio-Economic ....

The main goal of this research was to determine the role of the tourist sector in promoting growth and employment in Nigeria from 1995 to 2019. The period chosen is based on the availability of data. The study looked into the impact of tourism on economic growth as well as the impact of tourism on unemployment. The data was taken from the Nigerian Central Bank and the World Bank database. The study used the "Fully Modified Ordinary Least Squares" (FMOLS) in estimating the two models that were built to fulfil the two objectives after co-integration was established in order to achieve the defined objectives. The conclusion of the growth model demonstrated that tourism has a positive and significant long-term impact on economic growth. A one-percentage-point rise in tourism will boost economic growth by 1.3388 percent on average. Tourism has a negative but small influence on unemployment in Nigeria, according to the unemployment model. This means that tourism helps to reduce unemployment, but the effect has not been significant. In light of this, the study suggests that the tourist sector be revitalised in Nigeria's pursuit for economic growth and job creation. As a result, the Mexican concept of Viajemos todos por México is being proposed as a model for the Nigerian sector.

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