30% of hospitality sector untapped – Ikogosi Warm Spring boss

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30% of hospitality sector untapped – Ikogosi Warm Spring boss

The General Manager of Glocient Hospitality Limited, owners of the Ikogosi Warm Springs Resorts in Ekiti State, Lanre Balogun, has said that the Nigerian hospitality industry has yet to be fully tapped despite the huge potentials for attracting direct foreign investment.

He also said that investment in the hospitality sector would stem the tide of the japa syndrome among the youth who were fleeing abroad to seek green pastures.

Balogun, stated this after Ikogosi Warm Springs Resorts won the award for Best Holiday Resorts in Nigeria held in Owerri, the Imo state capital.

He said, “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.”