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Landmark Research Journals of Business Management and Economics
April 2016 Vol. 1(1), pp. 001-008
Copyright © 2016 Landmark Research Journals
Public Private Investment and Tourism Development in Nigeria, a Case Study of Cross River State.
Ajah E. Ekpenyong, Joseph O. Edem and Ndem A. Ndiyo
Department of Economics, University of Calabar, Cross River State - Nigeria
*Corresponding Author's Email: email@example.com
Accepted 23 March, 2016
This study investigated the role of public and private sectors in tourism development in Nigeria, with particular reference to Cross River State. A total of 300 respondents were sampled using stratified random sampling technique. Data were collected using a well constructed questionnaire. Data collected were analyzed using descriptive statistics such as simple tables, frequencies, and percentages. The results obtained showed that both the public and private sectors have contributed differently to the development of tourism in Cross River State. Specifically, the results showed that the public sector has contributed to tourism development by developing tourism sites, providing good roads to tourism sites, providing electricity to tourism sites, providing adequate security to tourists, providing tour guards and creating enabling environment for tourism business to thrive in the state. Similarly, the results showed that the private sector has also contributed to tourism development by constructing and operating hotel services, granting scholarship for tourism study, developing tourism site, providing adequate security to tourists, providing transport services and tour guides. Based on the results, the study recommended that government should continue to do more to promote tourism sector in Cross River State. The government can do this by increasing its financing of the sector; providing adequate security to tourists, and providing adequate infrastructures such as steady electricity supply to tourism sites. Also, there is need for the private sector to increase their involvement in tourism development in the state. The private sector can do this by increasing their investment in tourism activities, complementing government effort in providing security to tourists, providing transport service and tour guides and promoting the study of tourism by offering scholarship to students studying tourism in schools.
Keywords: public-private investment, tourism development, cross river state.