THE Managing Director of Jumia’s hotel and flight services, Omolara Adagunodo, has urged the Federal Government of Nigeria to grant tax breaks to businesses in the hospitality industry. Recall in 2017 the federal government released a list of 27 companies to enjoy the Federal Government tax break under pioneer status and the hospitality sector was missing. “The travel and Tourism sector accounted for 1.9% of total GDP as a direct contribution, and 5.1% as a total contribution to GDP in 2017. Whereas total jobs created – both direct and indirect was 3.3 million, that’s 4.8% of total employment, ” Adagunodo added. “This percentage GDP contribution will significantly increase as these businesses will invest the money on boosting service delivery and overall improvement in the quality of business,” she said.

Source: Nigerian Tribune February 08, 2019 11:15 UTC