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The Tourism Sector in Nigeria

by Fred Nwaozor The tourism sector in Nigeria is a largely untapped yet highly promising component of the national economy. With her vast landmass, rich cultural diversity, and varied ecosystems, Nigeria possesses the natural and human resources required to build a thriving tourism industry. Tourism, if properly harnessed, can serve as a major source of revenue, employment, and international goodwill for the country. Nigeria’s cultural diversity is one of its greatest tourism assets. With over 250 ethnic groups, each with distinct languages, traditions, festivals, and cuisines, the country offers a wide range of cultural experiences. Traditional festivals such as the Argungu Fishing Festival, Osun-Osogbo Festival, Durbar Festival, and New Yam festivals attract both local and international visitors. The country is also blessed with numerous natural attractions that have strong tourism potential. These include scenic landscapes such as the Obudu Mountain Resort in Cross River ...

Samsung co-CEO, Jong-hee Dies of Cardiac Arrest

The co-CEO of Samsung Electronics Company, Han Jong-hee has died of a heart attack. This was announced by the Management of the South-Korean tech giant on 25th March 2025.

This development has reportedly left the newly-appointed boss Jun Young-hyun solely in charge of the company as it revamps its underperforming chip business and navigates trade uncertainties.

Young-hyun was appointed barely a week ago at the Samsung’s Annual Shareholders Meeting, following his promotion in 2024, to lead its semiconductor division.

Jong-hee, 63, became the Chief Executive Officer of South Korea's biggest company in 2022 and was also in charge of its consumer electronics and mobile devices division.

Samsung said in a stock exchange filing that Young-hyun would be the sole CEO of the company after Jong-hee's death.

Samsung shares were down 0.5% in line with the broader South Korean market (.KS11), opens new tab.

The world's biggest memory chipmaker has been suffering from weak earnings and a sagging share price in recent quarters after falling behind rivals in advanced memory chips and contract chip manufacturing, which have enjoyed strong demand from AI projects.

Samsung has also ceded its smartphone market crown to Apple (AAPL.O), opens new tab.

Jong-hee, who was also a board member, passed on at a hospital on March 25 while being treated for cardiac arrest.

Samsung has not yet decided on a successor, its spokesperson disclosed during the announcement.

It's noteworthy that the company has traditionally had a co-CEO structure that divides oversight of its consumer and chips divisions.

Jong-hee joined Samsung nearly 40 years ago and built his career in its television business.

It's being speculated that Jong-hee was the key figure behind making Samsung’s TV business influential on a global scale.

Hence, with his sudden passing, it could yield a long-term impact on its business strategy, particularly in areas like marketing.

Fred Nwaozor, popularly known as TheMediaAmbassador, is a Nigerian tech expert, author, creative & content writer, media strategist, policy analyst, blogger, public speaker and rights activist. The renowned columnist regularly writes for the Federal Radio Corporation of Nigeria (FRCN), and is the Founder & Convener of Right Thinkers Movement (RITMO), Nigeria. He's a chartered industrial physicist, engineer and IT personnel. As a media guru, he enjoys an active presence in all media segments - including electronic, print & digital - since two decades ago till date. As a full-time researcher and educator, he's a regular contributor and peer reviewer for various internationally-noted engineering journals. As an Automation & Telecommunication engineer, his research interest mainly lies in System Modelling, Internet of Things (IoT), Smart city, Cybersecurity, Wireless networks, and Machine Learning (ML).