CRUISING: WASTED WATER BODY, BILLION DOLLAR INCOME LOSS.
Cruising to resume soon! Good news? Recently, the cruise ship industry has been the fastest growing segment in the overall tourism worldwide. Cruise industry contributes substantially to local, regional and national economies. The cruise lines also boost global economy supporting around 940 thousand jobs and paying around $40 billion in wages worldwide. In 2019, the cruise industry generated a total of $55.5 billion in economic activity in the United States, a 5.3% increase from 2018. Moreover, growth in economic activity was accompanied by an increase in industry-supported jobs. For Nigerian tourism and economy , resumption of cruise simply means more skew in the 'inbalance' of trade. We have the Atlantic ocean surrounding us, but no cruise ship ever comes here, and there is a West African Cruise of some sort. The Carribean economies revolve around cruising and tourism- every...