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THE EXTENT TO WHICH POLITICAL AND ECONOMIC RISKS HAVE AFFECTED THE TOURISM INDUSTRY IN NIGERIA
 
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1
Olabisi Onabanjo University, Nigeria, Department of Business Administration, faculty of Administration and Management
 
2
Redeemers University, Nigeria, College Of Management Sciences
 
3
Redeemer’s University Nigeria, Department of Transport and Tourism Studies
 
 
Publication date: 2019-06-30
 
 
Studia Humanistyczne AGH 2019;18(2):77-91
 
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ABSTRACT
The study aims to determine the extent to which political and economic risks have aff ected the tourism industry and the economy in Nigeria. Prior Work: In recent times, there has been a clamour for the development of the Nigerian tourism industry but such has been beset by a spate of religious intolerance, insurgency, and changes in government, among others. There seems to be dearth of literature and empirical evidence to show the extent to which political risk has infl uenced tourism in Nigeria. Approach: Time series secondary data from the World Travel and Tourism Council, 2017 were used in the regression analysis. Regression statistical technique was used to examine the relationship between political and economic risk and tourism in Nigeria specifi cally between 2006 and 2017. Results: The study adopted a regression approach and found out that causality exists and there is a positive signifi cant relationship between political and economic risk in Nigeria. Implication: The result of the relationship shows that political and economic risk have eff ects on tourism, and tourism has a signifi cant impact on the economy. The signifi cant eff ect of political and economic risk on tourism calls for adequate security in the country, and better legal and institutional frameworks. This will enhance the economic impact of tourism on the Nigerian economy.
eISSN:2300-7109
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