Tourism: Lagos economy records over Nn50bn cash transactions in December

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For the second year in a row, the Lagos State economy received a major, unprecedented boost in the entertainment, hospitality and creative sectors in four weeks of the yuletide season, Commissioner for Tourism, Arts and Culture, Mr. Steve Ayorinde disclosed on Saturday.

Lagos State Governor, Mr. Akinwunmi Ambode

Trends and reports monitored by the Lagos State Government over the four weeks in December, especially during Christmas and New Year festivities, captured an estimated spending well above N50bn in cash transactions, a record slightly higher than December 2017 which also recorded a good run in travel, entertainment and leisure-related spendings.

The monitored reports attributed the positive trend to the peak in entertainment activities; huge influx of people from neighboring states, neighboring countries and holiday makers from abroad who either chose Lagos as their primary destination or transit to other parts of Nigeria last December.

In a press statement he signed,…



Source: Vanguard Newspaper