Sterling Bank pledges N10bn to revamp tourism

Sterling Bank Plc has pledged a N10bn facility for the revamping of domestic tourism in the country post-COVID-19.

The Chief Executive Officer of the bank, Mr Abubakar Suleiman, made the commitment while addressing participants at a tourism webinar organised by the Nigerian Tourism Corporation.

Suleiman, who spoke on investment for the tourism sector to enhance domestic tourism, said, “Sterling Bank has funding capacity and is ready to put N10bn behind domestic tourism.”

He enjoined stakeholders in the industry to collaborate rather than compete, saying they needed to come together to offer worthwhile experience in different aspects of the industry.

Suleiman encouraged operators in the domestic tourism industry to sit down with their bankers to build the experience together.

He stressed the need to have extensive discussions with stakeholders in the tourism sector in order to scale up, advising them to approach the government as a team to push for policy initiatives that would be beneficial to the industry.