By Justina Uzo Nigerian tourism received a boost as AKL Lumi has committed $9 billion 91 investment for the construction of six cruise ships, as part of the IPADA Initiative/Carnival 2024. AKL Lumi, a hybrid solar-energy and gold-backed regional currency issued by the ADCB, is positioned to become a crucial financial tool for fostering economic growth across Africa. For Nigeria, the integration of this currency means greater access to investment capital and an increased capacity to fund large-scale tourism projects such as the luxury cruise ships and resorts under the IPADA Initiative.
President and Founder of La Campagne Tropicana Beach Resort, Lagos who is also the initiator of IPADA project, Mr. Wanle Akinboboye, said his desire is to see the descendants of Africans that were taken on slave ships from Africa to Europe and the Caribbean return to their ancestral home on modern and luxury cruise ships. “The use of AKL Lumi in Nigeria’s tourism and investment sectors is expected to create a ripple effect throughout the economy.
By utilising a stable, renewable-backed currency, Nigeria can attract more Diaspora Direct Investments (DDIs), boosting not only tourism but also other critical industries such as infrastructure, technology, and energy.” He added that IPADA Initiative bolstered by the $9 billion AKL Lumi investment represents a turning point for Nigeria’s tourism industry. “By positioning itself as the main gateway to Africa for African Diaspora and lovers of.
