By Joy Umo
The Federal Government’s approval of a N5 billion revitalisation fund for the Obudu Mountain Resort has ignited renewed competition among private investors seeking partnership opportunities in the historic tourist destination.
Minister of Arts, Culture, Tourism and Creative Economy, Hannatu Musa, disclosed the development at the inaugural Destination Nigeria Governors Tourism Conference held in Abuja on Friday. Represented by her Chief of Staff, Raphael Obi, the minister noted that the intervention is part of a broader national strategy to restore key tourism assets and expand Nigeria’s non-oil revenue base.
According to her, the renewed government commitment has attracted multiple investors who are already in discussions to participate in the resort’s long-term upgrade and management.
“Obudu Mountain Resort is currently undergoing major rehabilitation and development. A private-sector investor is constructing an airport within the resort to boost accessibility and security, while UNIDO is providing a 2.5-megawatt power solution worth $2.5 million,” she revealed.
She added that the Federal Government’s N5 billion investment will cover essential infrastructure upgrades aimed at positioning Obudu as a world-class tourism destination.
Musa stressed that the initiative reflects the administration’s resolve to strengthen Nigeria’s tourism economy, increase investor confidence, and unveil more tourism-driven development projects in the coming weeks.