• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Economy

Lagos Detty December revenue hits $71.6 million, with $44 million from hotels, $13 million from short-lets 

Caleb Obiowo by Caleb Obiowo
January 20, 2025
in Economy
Lagos Detty December revenue hits $71.6 million, with $44 million from hotels, $13 million from short-lets 
Share on FacebookShare on TwitterShare on Linkedin

The Lagos State Government recorded an impressive economic boost during the December 2024 festive season, generating $71.6 million in revenue.

Hotels accounted for $44 million, while short-let apartments contributed $13 million, reinforcing Lagos’ status as a leading hub for tourism and entertainment in Africa.

These figures were disclosed during the review of the “Lagos State Detty December 2024/2025 Report,” chaired by Mr. Idris Aregbe, Special Adviser to Governor Babajide Sanwo-Olu on Tourism, Arts, and Culture.

MoreStories

Cardoso to fintech CEOs: Technology innovation must be matched by strong governance 

CBN warns excess liquidity, election-cycle spending threaten economic stability

February 10, 2026
Zacch Adedeji Executive Chairman of the FIRS

Nigeria Revenue Service targets N40.7 trillion revenue in 2026 

February 10, 2026

The Lagos Press Office, in a statement released on Monday, highlighted the findings, emphasizing the critical role of the festive season in driving economic growth.

“Lagos State once again proved why it is the tourism and entertainment capital of Africa with an extraordinary December 2024 season as it generated over $71.6 million in revenue across tourism, hospitality, and entertainment sectors.  

“During the season tagged ‘Detty December’, hotels alone accounted for over $44 million, while short-let apartments contributed over $13 million, underscoring Lagos’ immense economic potential as a destination city,” the statement read in part.

The report highlighted that “Detty December” season featured an array of events that drew large audiences, including locals, international tourists, and members of the Nigerian diaspora. Notable events such as the Greater Lagos Fiesta, Mrs. Universe Africa, Rhythm Unplugged, African Fashion Week, and the Spotify Wrapped Concert contributed to the festive buzz, attracting attendees eager to experience Lagos’ unique energy.

Tourism during the season not only brought economic benefits but also served as a platform to celebrate Nigerian arts, culture, and music on a global stage.

More insight  

Mr. Aregbe further acknowledged that the success of the season is a testament to the visionary leadership of the Lagos State Government. He emphasized the government’s unwavering commitment to nurturing growth in the tourism and entertainment sectors, which laid the foundation for the remarkable success of Detty December.

  • He highlighted that tourism is a key driver of both economic growth and cultural preservation for Lagos, with the December “Ember” season playing a pivotal role in sustaining this momentum.
  • Aregbe also commended the creativity and resilience of Lagosians—from local artisans to entrepreneurs in hospitality and entertainment—whose contributions were crucial to the season’s achievements.
  • The statement also pointed out that the insights gained from Detty December will inform the 2025 “Lagos Tourism is Rising” campaign.

This initiative is set to build on the state’s cultural and economic strengths, with plans to expand tourism offerings, create more opportunities for residents, and solidify Lagos’ status as a global hub for tourism and economic excellence.


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Detty Decemberfestive seasonLagosMr. Idris Aregbe
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo is a graduate of Urban and Regional Planning from the University of Uyo. At Nairametrics, he covers transport and logistics in Nigeria, along with real estate, construction, and aviation. He focuses on delivering clear, easy-to-understand stories and often digs deeper into industry issues through conversations with key players.

Next Post
minimum wage, NECA

Expatriates working illegally in Nigeria should be deported or regularized - NECA 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

access bank
nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics