IVORY COAST has earned foreign exchange in form of invisible export from thousands of tourists who visit the country from Europe, Asia and from other continents due to her tourist potentials. Such income has been used to rehabilitate roads, set up health units, etc.
The industry has provided employment opportunities to many people of IVORY COAST such as those working in Hotel like Serena, tour and travel agencies, and game guides. This has earned income to workers and thus improved standards of living.
It has led to the conservation of wildlife of flora and fauna through gazetting and restricting of areas. this has helped to modify IVORY COAST’s climate by forests and protecting her heritage for future generations.
Tourism facilitates the development of important infrastructure such as airfields, health units, lodges for tourist accommodation. These have led to the development of IVORY COAST.
It has promoted and reflected the cultural heritage of IVORY COAST i.e. historical sites, museums, cultural sites, all protect IVORY COAST’s image abroad.
Tourism has led to the development of the craft industry and agricultural sector by providing markets to the products of such sectors. This means the provision of more jobs and income from craft industry thus improving the living standards of people of IVORY COAST.
Tourism has led to the diversification of IVORY COAST’s economy from over-dependence on the agricultural sector. This has resulted in increased foreign exchange used to set up schools and health centers thus IVORY COAST’s development.
It has improved on the international relationship between IVORY COAST and the countries like Norway, Germany and Britain, where tourists come from. This has helped IVORY COAST to become politically stable.
Training of skilled man power like hotel attendants, game guides, etc.
Government revenue through taxing tourist transport companies, tourist hotels, etc.
Inadequate capital to inset in the industrial sector local investors depend on basic provision from the government and foreign aid and grants which may not be adequate or has too high interest rates.
Most industrial suffer from inconsistency in the supply of raw materials due to fluctuation in output especially agricultural raw materials, industries dependent on natural raw materials, e.g. minerals suffer shortage when the mineral deposits decline
Most industries face the problem of limited market due to the fact that much of the population is unemployed hence has low purchasing power.
The country faces inadequate managerial skills which result in mismanagement and embezzlement of funds and unnecessary spending.
There is the problem of poor transport and communication which hinder transportation of raw materials to factories and industrial goods to the market.
The country faces the problem of insufficient and expensive power supply which hinders industrial development especially in the rural areas.
Some industrial in IVORY COAST face stiff competition from industrial nations whose products have a big competitive edge over those from the country.
Importance of nomadic pastoralism to the economy of IVORY COAST
Source of human food with valuable proteins e.g. milk, meat/beef, and blood.
It is a source of income to the pastoralists by selling farm products hence improving their standards of living.
It is a source of employment e.g. through trade hence providing a livelihood for many people.
It is a source of government revenue for setting up roads through taxing livestock transporters and dairy factories.
The government earns foreign exchange used for setting up hospitals by exporting animal products e.g. hides and skins.
It has helped to diversify the economy of IVORY COAST hence ensuring constant capital inflow and reduced dependency on crop growing.
Nomadic pastoralism has provided raw materials for industries that provide jobs e.g. meat packers and the leather tanning industry.
It has helped to put idle land into use hence reducing resource wastage
Animals are used as beasts of burden e.g. for transport and for pulling ox-plows hence promoting farming.
Animal wastes are used as a source of fuel e.g. cow dung is used for bio-gas hence offering alternative sources of energy.
Source of wealth for social and economic status e.g. bridewealth hence promoting cultural conservation.
Nomadic pastoralism is still practiced by a number of communities in IVORY COAST
Nomadic pastoralism is one of the major economic activities in IVORY COAST, however, governments are pushing for the modern way of rearing battles to protect the environment and enable the pastoralists to generate more income