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Southern Sun wins award for Lagos hotel

 

Southern Sun Ikoyi Hotel recently won three awards at the 2010 West African Tourism & Hospitality Awards held in Accra, Ghana. The awards were in the following categories: Best 4-Star Hotel/Resort (Platinum); Best New Hotel 2010 (Gold); and CEO of the year 2010 (Gold) for the General Manager, Mr Mark Loxley. A company spokesman said: “Given the fact that Southern Sun Ikoyi Hotel has only been operating for less than a year-and-a-half in this competitive market, its success story leaves nothing to doubt about its facilities and world class service standards which it offers its clients.”

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World Bank says FDI will flow from successful poll

13 October 2010

THE World Bank has predicted an upsurge in foreign direct investments into Nigeria if the country conducts a credible election in 2011.


The bank also predicted steady economic growth that would make the country a superpower in Africa if its the citizens and leaders embraced the spirit of accountability.
Country Director of the bank to Nigeria, Onno Rhul said Nigeria has all it takes to become a superpower in the continent, adding that the sustainability of Nigeria's moderate development would be determined by the success of the forthcoming elections.
He therefore, urged the electorates to place competence ahead of sentiment during the poll.
Although he said Nigeria had done well, he also noted that it has not really taken off, adding that there was need for change. Ruhl observed that there was need for Nigerians to do things differently to move forward.
He also took a state-by-state assessment of the country's commitment to the Millenium Development Goals (MDGs), pointing out that the security situation in Abia State had affected World Bank's projects in the state.
He said: "We will not send our workers to where their safety cannot be guaranteed."
Ruhl also observed that Nigeria as a country does not really has plan for welfare, stressing a need for the country to develop by learning from other countries.
Also responding to a question on how he sees the recent reforms of the Central Bank of Nigeria (CBN), Ruhl said that the decision was a courageous one, adding that there was no way the problems could be solved without inflicting some pain.
According to him, the decision had to be taken, considering the way the sector was going. The sector needed a solution to correct the problem because "it was necessary to propel the country to a prosperous economy."
Ruhl commended the change going on in Lagos State, saying that "dynamism is visible", while also admiring the BRT project. "Change is what is needed to drive what will happen and Governor Fashola is driving that change."
Talking about the World Bank's perception of Nigeria over the past 10 years, he said: "The World Bank sees Nigeria's democracy as gigantic opportunity for Africa and the rest of the world and the partnership is a semblance of that of China some years ago that helped to push the Asian country into the global arena.
He maintained that its employer wanted to be part of Nigerian development rather than going into mere partnership with the country, as it would be more beneficial to Nigeria and the continent.

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