Lagos State To Announce Beneficiaries Of N1b Intervention Fund

Federation of Tourism Association of Nigeria (FTAN) Coordinator, Lagos State Chapter, Mr.  Gbenga Sunmonu, has said that Lagos state government will on Thursday present cheques to some stakeholders in the tourism, art, and culture sector who have been selected as beneficiaries of its N1 billion intervention fund.

The state government approved the seed capital for investment in tourism, arts, and culture last August. It is part of the intervention fund to cushion the negative effects of the COVID-19 pandemic. Sunmonu, who spoke at a briefing with tourism writers, at the weekend in Lagos, said the presentation would douse the doubts among some stakeholders about the sincerity of the state to cushion the negative impacts of COVID-19 on the sector.

He stated that the presentation of cheques will be done at the opening of the maiden edition of Lagos State Tourism Hospitality, Art and Culture Economic Summit (LATHACE 2021) at Eko Hotel and Suites, Victoria Island Lagos. 

“It will be a transformative channel to clear the trust deficit between the private and public sectors and be a good base to develop plans that will assist the development of industry players. The economic summit will be a practical aspect of what we need to do which the government of the day of Lagos State will be expected to make some policy statements.” 

Olumoko said that other State Chapters of the association will emulate this summit and would enable the various stakeholders to fashion a direction on the way forward for the industry. He urged all concerned stakeholders to endeavour to attend the summit to brainstorm on ways forward for the industry.


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