High Energy Costs, Financing Pressures Weighing On Nigeria’s Hospitality Sector — Expert

The group managing director and chief executive officer of Haldane McCall Plc, Dr Edward Akinlade has said Nigeria’s hospitality industry is under pressure from high energy costs, expensive financing, weak consumer spending and infrastructure gaps.
Akinlade said the same structural challenges limiting growth in real estate are also constraining hospitality operators’ ability to scale and remain profitable.
“The challenges are significant and interconnected. High energy costs, expensive financing, weaker consumer spending and infrastructure constraints are affecting profitability in the hospitality industry,” Akinlade said.
The Haldane McCall CEO called for targeted government incent...