Managing Director of Whitehouse Hotel, Dr. Augustine Eruoto, has said for any business to survive in Nigeria, owners have to be prepared.
Eruoto spoke to Vanguard in a chat after receiving the Association of Foreign Airline and Representative in Nigeria, AFARN, award as the Nigeria Best Aviation Tourism Organisation in Lagos.
The Whitehouse boss listed power, multiple taxation, insecurity and water as major obstacles facing businesses in the country, but stated that in the face of these challenges and other competing hotel brands, his hotel was able to come out tops at the award.
He also named lack of data on the number of tourist visiting the country and hotel directory, and corruption.
On how to survive the challenges, Eruoto said: “If you want to do business in this country, you have to be ready. You cannot tell your guest that there is no electricity or no water or security.”
He stressed that countering the challenges narrows profit margin.
On the award he said: “It is means a lot to me. It is an encouragement to me to do more. If you don’t do things the right way you will not get result. You have to follow the standard to achieve your goal. This is a big achievement to us.”
Looking at the Nigerian hospitality business he said: “Today there are a lot of hotels springing up and the competition is intense. This means that operators have to watch their back to ensure they are on top. On Joel Ogunnaike Ikeja, Lagos alone there are about 10 hotels.