Business Economy Opinion Society Tourism Travels

The Role of Religious Tourism in the Igbo Economy: Ebuka Obi and the Economic Transformation of Imo State – Tony Emeka Nwosu

 

Religious tourism is an often overlooked but powerful economic driver, capable of transforming local economies by attracting visitors, creating jobs, and generating revenue. The concept of a “multiplier effect” in economics refers to how an initial injection of spending, such as investment in religious tourism, can lead to a chain reaction of increased income, employment, and overall economic activity. Similarly, a “domino effect” describes how one event, like the establishment of a religious center, can trigger a sequence of other events that positively impact the entire community.

These principles are at play in Imo State, where Ebuka Obi, a religious leader, has initiated a bold move by setting up his ministry, sparking both interest and criticism. As an Igbo man, I feel compelled to shed light on how this venture could significantly boost the economy of Imo State and, by extension, the entire Southeast region.

Ebuka Obi’s decision to establish his ministry in Imo State should be viewed not just from a religious perspective but as an opportunity for economic growth. I was born in Imo and, although I hail from Anambra, I consider myself more of an Imo man. I know this state well, and it’s evident that there isn’t much happening beyond the proliferation of hotels. By introducing religious tourism, Ebuka Obi is providing a unique opportunity to change this narrative, creating a ripple effect that could enhance economic activities across the state.

When a religious center is built, the construction itself generates immediate employment opportunities for local workers—many of whom will be from the Igbo community. These construction workers earn wages, which they spend on goods and services such as school fees, rent, food, and other essentials. This spending, in turn, stimulates other sectors of the local economy, from education to real estate to retail. This is the multiplier effect in action: one initial investment leads to a cycle of economic benefits that extend far beyond the initial spending.

Beyond construction, a new religious center will require staffing and support services, creating more jobs in administration, security, hospitality, and maintenance. It will encourage real estate development, with new demand for housing to accommodate both visitors and employees. If a hospital or school is also established, it will require doctors, nurses, teachers, and other professionals, further boosting local employment and economic activity.

Additionally, the presence of a thriving religious center can stimulate growth in other sectors such as transportation and aviation. As more visitors travel to Imo State for religious purposes, local airports will see increased traffic, hotels will be filled, transport services will flourish, and even the informal sector—like food vendors and artisans—will benefit from the influx of people and money. Capital from within Nigeria and overseas will flow into the state, enriching the local economy and creating a cycle of prosperity.Evang. Ebuka Obi debunks claims of videos mocking Mountain of Fire Ministry  - DConnectNews

Yet, despite these obvious benefits, many of my fellow Igbo people have been skeptical and critical of Ebuka Obi’s initiative. This reaction is not uncommon; we often react emotionally rather than logically, making rash judgments without fully understanding the potential advantages. Why do we, as a community, struggle to support positive changes that could bring immense benefits to our region?

 

Additionally, the presence of a thriving religious center can stimulate growth in other sectors such as transportation and aviation. As more visitors travel to Imo State for religious purposes, local airports will see increased traffic, hotels will be filled, transport services will flourish, and even the informal sector—like food vendors and artisans—will benefit from the influx of people and money. Capital from within Nigeria and overseas will flow into the state, enriching the local economy and creating a cycle of prosperity.

Consider the example of other regions: in Ogun State, the Shiloh and Redemption Camp have created billions of Naira in revenue through religious tourism. The Catholic Church in the Vatican, Saudi Arabia with the Hajj, and Israel with pilgrimage sites have all built immense wealth and economic activity through religious tourism. These examples show that religious tourism is a powerful tool for economic development.

Unfortunately, in our community, we sometimes display a “pull him down” mentality, which holds us back from realizing our potential. Instead of criticizing Ebuka Obi’s efforts, we should see this as an opportunity to develop our region, support job creation, and circulate money within our communities.

We, the Igbo people, need to adopt a more pragmatic approach. Instead of tearing down initiatives like Ebuka Obi’s, we should recognize the broader economic benefits they bring and seize the opportunities to improve our lives. Let those called to do God’s work do it while we focus on making our community thrive.

Anthony Emeka Nwosu

 

 

Leave a Comment

Your email address will not be published.

You may also like

Announcements Business Culture Economy

Businesses Decry Harassment and Multiple Regulatory Bottlenecks in Lagos

post-image

 

Lagos manufacturers are raising their voices against the harassment and bottlenecks they face from multiple regulators and agencies in the state. The outcry follows a viral video showing a man destroying a delivery van loaded with sachet water, popularly called “pure water,” intended for a customer. The incident has sparked widespread criticism and concern among stakeholders in the business community.

One of the prominent voices speaking against this troubling trend is Engr. Roberta Edu, CEO of Moppets Baby Food, a Lagos-based infant food manufacturing firm. Reacting to the video, Edu described it as a reflection of the “huge regulatory gap” plaguing the Nigerian business environment.

“The viral video showing a man destroying sachet water in a van that was out for delivery highlights the huge regulatory gap we have in the country,” she lamented. “Now, NAFDAC has denied their involvement, and Lagos State Environment has also distanced themselves from this act.”

Edu…

Read More
Business Culture Economy Government

Proposed Tax Reform Sparks Nationwide Debate

post-image

 

The recently proposed tax reform bills in Nigeria have stirred intense discussions among citizens and stakeholders. While some Nigerians commend the initiative as a step toward a fairer tax system, others express concerns about its potential economic impact. The bill, which introduces significant changes to the country’s tax structure, aims to implement a progressive tax regime that ensures individuals and businesses contribute to national revenue based on their earnings.

Under the proposed framework, individuals earning up to ₦800,000 annually will be exempt from paying taxes, providing relief to low-income earners. For those earning above this threshold, the tax rate gradually increases based on their income level. The next ₦2,200,000 of income will be taxed at 15%, followed by 18% for the subsequent ₦9,000,000. Higher earners will pay 21% on the next ₦13,000,000, while those with incomes exceeding ₦25,000,000 will face a 23% tax rate. For the wealthiest individuals with annual…

Read More
Business Fintech Society

CBN Mandates N50 Levy on Transfers Over N10,000: PalmPay Adapts to New Policy

post-image

 

The Central Bank of Nigeria (CBN) has enforced a directive requiring financial institutions to impose a ₦50 Electronic Money Transfer Levy (EMTL) on transactions of ₦10,000 and above. The regulation, introduced in 2022, is gaining traction as financial institutions adjust to ensure compliance.

PalmPay, a leading fintech platform, has announced its alignment with this policy. Effective from November 30, 2024, transfers of ₦10,000 or more paid into PalmPay accounts will attract the ₦50 levy, as mandated by the Federal Inland Revenue Service (FIRS).

In a statement, PalmPay emphasized that it does not benefit from the levy, explaining that all proceeds are remitted directly to the federal government. The company reassured customers of its commitment to affordable financial services, stating, “PalmPay continues to offer unlimited free transfers to any bank account. We are dedicated to providing affordable and accessible financial services to our valued customers.”

This development reflects the growing impact of the…

Read More
Business

Governor Soludo Welcomes Apostolic Nuncio to Nigeria, Reflects on Irish Missionary Legacy

post-image

 

The Governor of Anambra State, Prof. Charles Chukwuma Soludo, yesterday extended a warm reception to the newly appointed Apostolic Nuncio to Nigeria and Ambassador of the Vatican City, Most Rev. Michael Francis Crotty. The high-profile meeting took place at the Governor’s Lodge in Amawbia, underscoring the state’s deep-rooted connection to the Catholic Church and its leadership.

Most Rev. Crotty, an Irish prelate with a distinguished diplomatic career, was welcomed with open arms by Governor Soludo, who seized the occasion to honor the historic contributions of Irish missionaries to the growth of Christianity in Nigeria. The Governor spoke passionately about the invaluable sacrifices made by early church emissaries, particularly Irish priests, who dedicated their lives to spreading the gospel and establishing Catholic institutions across the eastern region of the country.

In his address, Governor Soludo highlighted the legacy of the Shanahan family and other Irish clergy, whose work laid the foundation for…

Read More
Business Economy Government

Nigeria Data Protection Commission (NDPC) and Hon. Adedeji Stanley Olajide Empower Over 1,000 Youths with Data Protection and Digital Literacy Training in Ibadan

post-image

 

 

In an effort to equip Nigeria’s youth with essential knowledge on data protection and digital literacy, the Nigeria Data Protection Commission (NDPC), in collaboration with Hon. Adedeji Stanley Olajide, the Chairman of the House Committee on Digital and Information Technology, hosted a five-day training in Ibadan. The event, which saw over 1,000 young Nigerians participate, marks a significant milestone in the country’s push to promote digital awareness and data privacy practices.

Held across multiple locations in Ibadan, the training was designed to provide participants with a deeper understanding of how to protect their personal data in today’s digital world. The initiative is part of the NDPC’s ongoing efforts to raise awareness and build a data-conscious society, especially as more people engage with online platforms.

Representing the National Commissioner and CEO of the NDPC, Dr. Vincent Olatunji, Mrs. Abiola Jide-Abe, the Commission’s Head of Strategic Planning and Communication, shared the Commission’s strong…

Read More
Business Economy Gadgets Government Technology Technology Trends Telecoms

NCC Launches Licensing Framework for Application-To-Person (A2P) Services, Invites Stakeholder Participation

post-image

 

 

The Nigerian Communications Commission (NCC) has officially rolled out its much-anticipated Licensing Framework for Application-To-Person (A2P) services, a move that promises to bring greater structure and transparency to the rapidly evolving telecom industry. The framework, which has been carefully crafted in line with the provisions of the Nigerian Communications Act (NCA) of 2003, was made available for public access on the Commission’s official website, www.ncc.gov.ng, as of November 29, 2024.

The A2P service model plays a crucial role in facilitating automated communication between businesses and their customers, typically for notifications, alerts, and marketing messages. This framework is designed to regulate how such services are delivered, ensuring that the process is seamless, efficient, and compliant with existing laws. By setting clear guidelines, the NCC aims to foster a more reliable and transparent ecosystem for both service providers and consumers.

In an effort to engage…

Read More
Autos Business Culture Economy

Peugeot 504: A Timeless Classic That Defined an Era

post-image

 

First introduced in 1968, the Peugeot 504 has earned its place as one of the most iconic and enduring vehicles in automotive history. With production spanning over three decades, including localized manufacturing in some regions until 2006, the 504 left an indelible mark on the global car market. Known for its robust design, elegant styling, and versatility, it quickly became a symbol of reliability and class.

Available in multiple body styles—sedan, coupe, convertible, wagon, and pickup—the Peugeot 504 catered to a diverse range of drivers. Under the hood, the car offered a variety of engine options, from petrol to diesel, with capacities ranging from 1.8 to 2.7 liters. The diesel variants were particularly celebrated for their efficiency and durability, making the 504 a trusted companion in regions with challenging conditions, such as Africa and South America.

Designed by the renowned Italian firm Pininfarina,…

Read More
Business Economy Society Software Sponsored

NDPC Boss Advocates Data Protection Sustainability at KPMG Workshop

post-image

Dr. Vincent Olatunji, National Commissioner and CEO of the Nigeria Data Protection Commission (NDPC), has called for sustainable and long-term practices in data protection to build trust and confidence in data processing activities. Dr. Olatunji made this call as the keynote speaker at a Data Protection Workshop organized by KPMG Advisory Services, where he presented a paper titled “Data Protection Sustainability and the Role of the Data Protection Officer (DPO).”

In his address, Dr. Olatunji commended KPMG for its efforts in organizing the workshop, describing it as aligned with the Commission’s strategic focus on awareness and capacity building. He noted the importance of distinguishing between privacy and data security, emphasizing the NDPC’s commitment to raising awareness on both fronts.

During his presentation, Dr. Olatunji outlined the fundamentals of data protection sustainability, focusing on:

  • Continuous compliance with data protection regulations;
  • Privacy by design and default in organizational systems;
  • Awareness creation among stakeholders;…
Read More