Firm Calls for Stronger Private Sector Participation to Drive Hospitality

 Charles Ajunwa

The Glocient Hospitality Limited, managers of Ikogosi Warm Springs Resort, Ikogosi-Ekiti, Ekiti State, has called for stronger private sector role in sustainable growth in Africa.

The call was made at the just-concluded International Hospitality, Tourism and Eco-sustainability Forum (IHTEF) Africa 9.0, which brought together leaders and stakeholders in the hospitality industry who interacted and shared ideas on the needed transformation for the industry and means to drive sustainable growth through global best practices.

Glocient Hospitality Limited took the centre stage to discuss diverse areas of concern to the growth of the industry and practical steps that must be harnessed to shape the sector’s future.

Speaking on the theme, ‘Investing in Africa’s Sustainable Hospitality Future’, General Manager of Glocient Hospitality, Lanre Balogun, highlighted the benefits of the privatised investment in the face-lift that has branded the sector, noting the sector contributes hugely to the economy of any economy.

During a panel session, Balogun amplified the giant strides of the visionary behind Glocient Hospitality, John Olajide, which have brought about a remarkable growth to the organisation and by extension, the world, among other competitors in the industry.

Balogun noted that strategic investments by private organisations have contributed significantly to improving standards, expanding opportunities and creating more sustainable models for the industry. “The Hospitality Industry must look beyond structural edifice but value creation,” he said.

Other panellists, including Adedayo Adesugba of Nexus 318 Hospitality; Oluwaseun Alabi from Afreximbank – AATC Onomo Hotel, Christine Nyerimani, General Manger, Nordic Abuja, at the event shared experiences and perspectives on the future of the industry, with discussions converging on a common theme – that sustainable growth within Africa’s hospitality sector would require stronger partnerships and increased investment from private stakeholders.

Participants stressed that beyond infrastructure development, private investments can also support innovation, improve customer experiences and strengthen the competitiveness of African hospitality brands on the global stage.

The two-day gathering also witnessed repeated recognition of the Ikogosi brand and its broader vision, with discussions around its development receiving positive responses from participants.

The event, which featured a dinner, concluded with networking engagements and further conversations on strengthening collaboration among industry leaders toward building a more resilient and sustainable hospitality sector across Africa.