Landmark Africa Takes Over Nike Lake Resort: $10 Billion Investment to Transform Enugu’s Tourism Sector
LAGOS–
In a bold and transformative move, Landmark Africa, a leading real estate and hospitality development company, has taken over the management and redevelopment of the iconic Nike Lake Resort in Enugu State, Nigeria. The project, a joint venture with the Enugu State Government, is poised to reshape the state’s tourism landscape, fostering economic growth and elevating its status as a premier destination in Nigeria.
The CEO of Landmark Africa Group, Paul Onwuanibe, shared insights into the ambitious project, emphasizing its potential to not only transform the Nike Lake Resort but also position Enugu as a major hub for tourism in West Africa.
A Transformational Investment
Landmark Africa has committed an impressive $10 billion to revitalize the Nike Lake Resort. This redevelopment will include state-of-the-art luxury accommodations, conference and event facilities, eco-friendly recreational spaces, and other world-class amenities. The primary goal is to attract two million visitors annually, boosting Enugu’s tourism profile and setting a new benchmark for hospitality in Nigeria.
Economic and Social Impact
The project promises to create numerous employment opportunities across various sectors, from construction and design to hospitality and management. This influx of jobs will have a ripple effect, uplifting the local economy and empowering communities within Enugu State.
Paul Onwuanibe highlighted the partnership’s role in enhancing the state’s Internally Generated Revenue (IGR), stating, “This collaboration with the Enugu State Government demonstrates our shared vision of using tourism as a catalyst for economic development. Nike Lake Resort will become a sustainable economic engine for the region, attracting both local and international visitors.”
Expanding Horizons in West Africa
Beyond Nigeria, Landmark Africa has its sights set on venturing into the broader West African market, with plans to expand to The Gambia. The group is in talks with an airline company to package unique leisure and business experiences, creating seamless travel solutions for tourists and professionals. This move underscores Landmark Africa’s commitment to developing interconnected tourism networks across the continent.
A Public-Private Partnership Model for Success
This initiative exemplifies the power of public-private partnerships (PPPs) in driving development. The Enugu State Government’s collaboration with Landmark Africa is a testament to the benefits of combining government resources with private sector expertise and funding to achieve sustainable growth.
Landmark Africa’s takeover of the Nike Lake Resort represents a significant milestone in Nigeria’s tourism and hospitality sectors. With a $10 billion investment, ambitious plans to attract millions of visitors annually, and a vision to expand into West Africa, the project is set to redefine tourism in Enugu and beyond.
As the partnership takes shape, it is poised to not only transform the Nike Lake Resort into a world-class destination but also establish Enugu as a gateway to West African tourism. This is a landmark moment for Nigeria’s economic diversification efforts and a step toward realizing the untapped potential of African tourism.
