The Nigerian Tourism Development Corporation (NTDC) failed to return its unspent balance of N8.6 million at the end of the 2016 fiscal year to the Consolidated Revenue Fund (CRF), the Auditor-General’s report for 2017 has revealed.
The 2017 report is the latest by the auditor-general and was recently made public. The infraction is a violation of section 414 of the Financial Regulations (2009) which requires unspent balances to lapse with the financial year.
In a report commissioned by the African Development Bank, and the African Union Commission, released to reporters in Johannesburg, South Africa, on November 11, 2019, showed that
African countries are significantly putting-up measures to facilitate intra-Africa travel for investors, tourists and students.
The annual report is called, the Africa Visa Openess Index, and this year 2019 is the forth editio. It shows that 47 countries improved or maintained their visa openness scores in 2019. The Report clearly stated that, for the first time, on average, Africans can travel to approximately 27 countries visa-free or with a visa on arrival; Ethiopia moves up a record 32 places on the Index, entering the top 20 most visa-open countries in Africa.
Vice President Yemi Osinbajo says culture and tourism in the new world order are referred to as soft power because of their influence in economic and international relations. Osinbajo said this at the Grand Opening Ceremony of the Conference Hotel and Suites, Abeokuta, Ogun State, as the Special Guest of Honour. He said that the location of the facility in Abeokuta would attract international conferences organisers desirous of serenity and tourism potentials.
Air travel, safety, booking difficulties and cost remains some of the barriers travellers in Africa currently endure. The findings of the recent African Traveller Report 2019 by the Sabre Corporation revealed that air travel remained inaccessible to the majority of African citizens, and increased by just 2 percent since 2016. The company interviewed 5 869 people from Nigeria, Kenya and South Africa. The report revealed that only 26 percent of Africans travelled by air in the past 24 months.
The Imo state governor, Emeka Ihedioha, yesterday said that he signed into law the Imo state Hotel Occupancy and Restaurant Consumption tax law No.35, to generate revenue for the state. Ihedioha who spoke in Owerri, through his Chief Press Secretary, Chibuike Onyeukwu, also added that the governor signed into law the Imo State Employment and Empowerment Trust Fund, Law No.37 of 2019, and Imo State Signage and Advertisement Agency (Establishment)Law No 36 of 2019.