₦airaland Forum

hrykanu231:
Please explain how a revenue generating point for nature based tourism is a “draining project”

Revenue it makes its far less than the running cost

How is that difficult to understand

Go there 90% of the place is empty most nights


I dare say they get less than 3000 guest per year

Stop the Cap Biko.

The Obudu international mountain (Marathon) race was recognized as an international event and it took place 3-7 times yearly. During this period the influx of foreigners converging at a location was never replicated anywhere in NIGERIA. That influx brought in foreign exchange and international exposure!!... The multiplier effects would have sustained the business sef.

As regards TINAPA, the business template was superb and the growth trajectory was enormous. Even CNN was doing a countdown to it's eventual opening. TINAPA was sabotaged by the usual people who are called sophisticated

Immediately TINAPA crashed , they opened their own Lagos Version of TINAPA at the Ajah axis. This is after prolonged propaganda about high insecurity scaled down the influx of foreign investors.

Government policies also messed up the TINAPA project. When Donald Duke was Governor and Obasanjo was President the TINAPA concept had full backing of Government.

The Calabar carnival has even stopped because of pathetic people that became Governors after Donald Duke. Ordinary carnival oooo!!!


Before a bank sees viability for a business ...they will look at your books and do due diligence. They will also see if Government bureaucracy is affecting the business. If so, the banks will definitely pull out.

If TINAPA, EPZ had the concession of a Sea Port approved, by Now most business interest using Lagos would have left immediately. You already know those that will be against that.


NIGERIA politics and backstabbing from sophisticated region happened to TINAPA.

In a country that works...Cross River will be the melting pot of commerce,trade, tourism and hospitality. Sophisticated people would be most affected that is why they worked against it. In there wrapped mindset, everything must happen in LAGOS.

Same sophisticated people will work against a seaport in the SE. So do the maths. It's that simple.

mrvitalis:
Lmao obubu is over 6 hours away from calabar
Just like tinapa are foolish projects

Nigeria has less than 3 million people that spend 10 dollars per day
Cross river less than 5% of that

And you think it can sustain things like this

How many international visitors visit there yearly? Upto 1000 ?

If the place was sustainable banks would have taken it over

mrvitalis:
Revenue it makes its far less than the running cost

How is that difficult to understand

Go there 90% of the place is empty most nights


I dare say they get less than 3000 guest per year

Isn’t it ironic that, it is not Bn maintained, yet you have confined it to “revenue draining status”.
Let’s learn a few things; but before that, I will like to establish that destination attractiveness enhances destination performance(financial and non-financial).
Destination attractiveness measured with proxies like; accessibility, services and facilities, host communities participation and price.
Untill, the above variables are considered in that destination and regressed against destination performance. We cannot say it is a “revenue draining status” project.

Not when countries are earning millions of dollars from tourism.


Peace

mrvitalis:
Revenue it makes its far less than the running cost

How is that difficult to understand

Go there 90% of the place is empty most nights


I dare say they get less than 3000 guest per year

I'll recommend mrvitalis as economic minister under a future government.

It's very obvious most Nigerians don't understand how a modern economy works.

Feel good fancy projects should not be a priority in a country where 80% of the citizens live below poverty line.

Build the people, empower businesses, eliminate poverty and with time the results of an empowered population will manifest.

That was what worked for the Chinese

Nigeria is an import dominated economy.We import everything under the Sun.We must produce most of the things we consume and even export surpluses.We can not produce anything in the absence of a stable and reliable electricity.

This should be the focus of any serious government.

200M population is an asset any country can have only if it is productive,it is also a ticking time bomb waiting to happen

Just remembered there was a huge conference centre built in the Tinapa zone, together with a hotel. I shudder to think of the state they’re in now. Though considering both buildings haven’t been in the news lately for hosting events, i fear they’ve gone the same way as the Obudu cattle ranch!

The conference centre in particular had a modernist design that harkened back to the days of solid and durable architectural designs of the 60s and early 70s! Kinda like the National Arts Theatre and Federal Palace Hotel in Lagos, and the Parliament building in Independence Layout, Enugu.

maiunguwar:
I'll recommend mrvitalis as economic minister under a future government.

It's very obvious most Nigerians don't understand how a modern economy works.

Feel good fancy projects should not be a priority in a country where 80% of the citizens live below poverty line.

Build the people, empower businesses, eliminate poverty and with time the results of an empowered population will manifest.

That was what worked for the Chinese

Spot on! This kinda mirrors Peter Obis’ approach to governance. He doesn’t really have time for grandiose projects, but rather believes in building and empowering the people first!

IGBOPROMISE1:
Spot on! This kinda mirrors Peter Obis’ approach to governance. He doesn’t really have time for grandiose projects, but rather believes in building and empowering the people first!

It's exactly why I support Obi... We share similar ideas

Why was it not maintained? It seems the government is incompetent

Chinjo2:
This is how Ayade killed the dream of Donald duke.
This is the same scenario playing out in Edo State where the governor is busy destroying everything that were done by Obaseki instead of him to build on them.
Nigeria politicians are evil

How about liyel imoke? Donald Duke's successor. Didn't he also kill the dream

slivertongue:
Donald Duke's successors were not helpful to that project

They could have maintained it and promoted it even more to generate revenue for the State. dependence on Federal allocation should be supplementary and for bigger projects

mrvitalis:
When I see comments like this I laugh

It's not maintained not because we lack maintenance culture but because it's a revenue draining project

Most of you don't understand how economy works at all economics should be compulsory

oga Mr economics, how is it a revenue draining project?

jmoore:
Built under the government of Donald Duke of Cross Rivers state. Obudu cattle ranch is currently abandoned as facility rots.

A resort was built in this manner for cattle rearers

slivertongue:
Donald Duke's successors were not helpful to that project

Donald Duke should have sold the project to a private investor. The government are just not good at operating commercial ventures.

Maintenance n continuity = zero

ssssassassssss

My heart bleeds 😭. Nigeria my country. Maintenance culture in this country is nothing to write home about

Obaaderemi2:
Is it not Nigeria again? There's a total lack of maintenance culture. Our level of education as a group of people is very low. That's the foundation of our problem. Until something is done about our abysmal attention to education Nigeria will not progress. Wasting money building edifices will not help. You can't build something on nothing

is it lack of maintenance or lack of patronage?

2 more characters needed

mrvitalis:
When I see comments like this I laugh

It's not maintained not because we lack maintenance culture but because it's a revenue draining project

Most of you don't understand how economy works at all economics should be compulsory

mrvitalis wee you keep kwayet. You are making zero sense. The problem is not maintenance and neither is it economics. The problem is MARKETING. This project could be a resting and playing place for every black person in diaspora had they marketed it well

mrvitalis:
When I see comments like this I laugh

It's not maintained not because we lack maintenance culture but because it's a revenue draining project

Most of you don't understand how economy works at all economics should be compulsory

oga Mr economics, how is it a revenue draining project? Are u aware that some countries solely rely on tourism for revenue? Visionless leaders with visionless followers. Ironically same you will support tinubus pumping of money to revive dead refineries that a past president has told him is a hopeless venture.

Obaaderemi2:
Is it not Nigeria again? There's a total lack of maintenance culture. Our level of education as a group of people is very low. That's the foundation of our problem. Until something is done about our abysmal attention to education Nigeria will not progress. Wasting money building edifices will not help. You can't build something on nothing

Maybe soon that Univeraity of Transport Amaechi built in Katsina will be in a sorry state. Maybe it is structures in the Capitals (including FCT) that most elected leaders focus on, which is quite unfortunate.
That Abuja Centre cannot be in this State, because it is in the Capital and most politicians will always want to use it

Nkl4u:
My heart bleeds 😭. Nigeria my country. Maintenance culture in this country is nothing to write home about

is it lack of maintenance or lack of patronage?

how do you maintain something that is not being patronised?

are they willing to sell it off, so it becomes a private resort. They can drop a price tag.

mrvitalis:
When I see comments like this I laugh

It's not maintained not because we lack maintenance culture but because it's a revenue draining project

Most of you don't understand how economy works at all economics should be compulsory

how does the economy works?

which revenue did obudu cattle ranch drain?

how much was that revenue?

ernieboy:
oga Mr economics, how is it a revenue draining project? Are u aware that some countries solely rely on tourism for revenue? Visionless leaders with visionless followers. Ironically same you will support tinubus pumping of money to revive dead refineries that a past president has told him is a hopeless venture.

Lmaoo... Go to school bro... Go to school

Obudu us losing more money than it makes

I,am curious why this story is making grounds on different social media platforms since yesterday .
This is not the true state of things at the resort because the present government did a overhaul of that place which is still in progress.

HEAVEN4444:
mrvitalis wee you keep kwayet. You are making zero sense. The problem is not maintenance and neither is it economics. The problem is MARKETING. This project could be a resting and playing place for every black person in diaspora had they marketed it well

Then take loan from the bank and buy it off na I'm sure the state would sale

Successsearch90:
Why was it not maintained? It seems the government is incompetent

how do you maintain what is not being patronised?

DeLaRue:
Just building a flashy project that lacks a sound business case is bound to fail.

The place is remote with the nearest airport being a few hours away.

Yet, it was planned with the expectation that it would attract visitors from all over Nigeria, and West Africa.

Please why would someone leave Lagos for example, spend 2 hours to get to a Lagos airport, fly may be an hour to Calabar, then get into a car for another 2 hrs or more of road travel on an average road, to get to Obudu

For leisure and shopping? That you can't get in Lagos, or any other big city abi?

With the way Nigerian airlines cancel flights incessantly, Lagos to Obudu could easily be a 2 day journey.

The state's successor Governors are right not to pour more money down the drain.

who told u that lagosians are necessarily the target market? Don't people travel internationally simply for tourism?

ernieboy:
oga Mr economics, how is it a revenue draining project?

You must spend money on marketing, electricity, training, and employment before you can generate revenue without incurring a loss. Donald Duke should have focused on the electricity or port project, which is the building block of a resort project. Lagos Lekki port is thriving because there is an immediate need for logistics infrastructure in Lekki

Chinjo2:
This is how Ayade killed the dream of Donald duke.
This is the same scenario playing out in Edo State where the governor is busy destroying everything that were done by Obaseki instead of him to build on them.
Nigeria politicians are evil

Oga, if the ranch can't pay for itself, then it is a complete waste of public funds

mrvitalis:
Lmaoo... Go to school bro... Go to school

Obudu us losing more money than it makes

that is because the govt that came later lacked the vision and drive to make it a success.