Nigeria’s hospitality sector has been identified as a prime investment destination, showing resilience despite economic headwinds. Data from the 2026 BusinessDay Tourism Conference highlights the sector’s growth, noting that consumption tax revenue in Lagos climbed from N7 billion in 2010 to N70 billion by 2025. While the industry is increasingly vital for job creation and forex generation, experts warn that infrastructure deficits—specifically unreliable power and poor road networks—remain significant barriers. High borrowing costs and security concerns continue to hamper widespread expansion beyond major urban centers like Lagos and Abuja. Sustainable growth will require improved public-private partnerships, stable policy environments, and targeted infrastructure development to reduce operational costs and attract long-term capital.