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LequteMan
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According to Williams Subair, a travel and tourism professional, Naira's depreciation against the Dollar has some positives.
The fluctuating exchange rate of the naira against major currencies of the world could lead to foreigners taking advantage of the cheaper naira to travel into Nigeria where they will have more value for their money, he said, according to a Daily Independent report.
“What you don’t understand is that the exit of some airlines from Nigeria due to paucity of dollars will equally drive tourists to bring in dollar in exchange for local currencies and by implication this will boost tourism, travel and leisure travelling.
“The travelling mentality and trend in tourism is a bit predictable because they want to travel to places where a simple budget can guarantee and take care of longer stay, visit the hot beach, move around a host of exotic attractions in the country at budget cost.”
Daily Independent
The fluctuating exchange rate of the naira against major currencies of the world could lead to foreigners taking advantage of the cheaper naira to travel into Nigeria where they will have more value for their money, he said, according to a Daily Independent report.
“What you don’t understand is that the exit of some airlines from Nigeria due to paucity of dollars will equally drive tourists to bring in dollar in exchange for local currencies and by implication this will boost tourism, travel and leisure travelling.
“The travelling mentality and trend in tourism is a bit predictable because they want to travel to places where a simple budget can guarantee and take care of longer stay, visit the hot beach, move around a host of exotic attractions in the country at budget cost.”
Daily Independent
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