20 BEST CITIES TO INVEST YOUR MONEY WHEN IT COMES TO HOSPITALITY AND ENTERTAINMENT IN NIGERIA

Nigeria, often referred to as the “Giant of Africa,” is a country with a thriving hospitality and entertainment industry. With a population of over 200 million people, there is a growing demand for leisure activities and entertainment options. This has created numerous investment opportunities in the sector, particularly in the major cities. In this article, we will explore the best 20 cities to invest in hospitality and entertainment in Nigeria.

 1. Lagos:

Lagos, the commercial capital of Nigeria, is undoubtedly the top city for hospitality and entertainment investments. It offers a diverse range of opportunities, including luxury hotels, restaurants, nightclubs, and event venues.

 2. Abuja:

As the capital city, Abuja is a hub for government activities and international events. It boasts a growing number of luxury hotels and resorts, making it an attractive destination for business travelers and tourists alike.

 3. Port Harcourt:

Port Harcourt, the oil-rich city, has seen significant growth in recent years. With a growing middle class and an increasing number of expatriates, there is a demand for high-quality hotels, restaurants, and entertainment options.

 4. Calabar:

Calabar, located in the southern region of Nigeria, is known for its vibrant cultural festivals and natural attractions. It has a burgeoning tourism industry, making it an ideal city for investments in hospitality and entertainment.

 5. Enugu:

Enugu, often called the “Coal City,” is a fast-growing city in southeastern Nigeria. It offers opportunities for investments in hotels, resorts, and entertainment centers, catering to both local residents and visitors.

 6. Ibadan:

Ibadan, the largest city in West Africa, has a rich cultural heritage and a growing population. This presents opportunities for investments in hotels, restaurants, and entertainment venues.

 7. Uyo:

Uyo, the capital of Akwa Ibom State, has experienced significant development in recent years. With the presence of major international events and a growing middle class, there is a demand for upscale hotels and entertainment facilities.

 8. Owerri:

Owerri, the capital of Imo State, is a city known for its vibrant nightlife and entertainment scene. It offers opportunities for investments in nightclubs, bars, and event venues.

 9. Benin City:

Benin City, the capital of Edo State, is a historical city with a rich cultural heritage. It has a growing tourism industry, making it an attractive destination for hospitality and entertainment investments.

 10. Warri:

Warri, an oil-rich city in Delta State, has a thriving entertainment industry. Investments in hotels, resorts, and event centers can cater to the growing demand for leisure activities.

 11. Asaba:

Asaba, the capital of Delta State, is a city experiencing rapid development. With its proximity to Onitsha, a major commercial hub, there is a demand for hospitality and entertainment options.

 12. Akure:

Akure, the capital of Ondo State, is a city with a growing population and a rising middle class. This presents opportunities for investments in the hospitality and entertainment sector.

 13. Jos:

Jos, located in the Plateau State, is known for its cool climate and tourist attractions. Investments in hotels, resorts, and entertainment centers can tap into the city’s tourism potential.

 14. Kano:

Kano, the largest city in northern Nigeria, has a rich cultural heritage and a growing population. Investments in hotels, resorts, and entertainment facilities can cater to the city’s residents and tourists.

 15. Kaduna:

Kaduna, a major transportation hub in northern Nigeria, offers opportunities for investments in hospitality and entertainment. The city’s strategic location and growing population make it an attractive destination for investors.

 16. Abeokuta:

Abeokuta, the capital of Ogun State, is a city with historical significance and natural attractions. Investments in hotels, resorts, and entertainment venues can cater to the growing tourism industry.

 17. Ilorin:

Ilorin, the capital of Kwara State, is a city with a growing population and a rising middle class. Investments in hospitality and entertainment can tap into the city’s economic potential.

 18. Umuahia:

Umuahia, the capital of Abia State, is a city with a rich cultural heritage and historical significance. Investments in hotels, resorts, and entertainment centers can cater to the city’s residents and visitors.

 19. Makurdi:

Makurdi, the capital of Benue State, is a city with a growing population and economic activities. Investments in hospitality and entertainment can tap into the city’s potential as a business and leisure destination.

 20. Yenagoa:

Yenagoa, the capital of Bayelsa State, is a city with a growing economy and a rising middle class. Investments in hotels, resorts, and entertainment facilities can cater to the city’s residents and visitors.

In conclusion,

Nigeria offers numerous investment opportunities in the hospitality and entertainment sector. The cities mentioned in this article present some of the best options for investors looking to tap into the growing demand for leisure activities and entertainment options. However, it is essential to conduct thorough market research and feasibility studies before making any investment decisions to ensure long-term success.