In a country where a person can afford to pay over N700,000 per night and millions of people are unable to afford a square meal a day calls for questions.
Most of the hotels are concentrated in Lagos and Abuja.
SEE THE LIST FROM THE LEAST TO THE TOP:
10) Four Point Hotel by Sheraton – N120,687.00 per night @ Victoria Island, Lagos.
9) Radisson Blu Hotel – N311,704.00 per night @ Ikeja, Lagos.
8) Fraser Suites, Abuja -N389,975.00 per night
7) Sheraton Lagos Hotel – N412,552.00 per night
6) Wheatbaker Hotel – N429,383.00 per night @ Ikoyi, Lagos.
5) Southern Sun Ikoyi – N510,251.00 (It has Taxis to bring customers to and from Murtala International Airport, Lagos).
4) Legend Hotel Lagos – N543,912.00 per night
THE TOP THREE:
3) The George Lagos Hotel – N600,000.00 per night
2) Sheraton Hotel Abuja – N629,296.00 per night
1) Transcorp Hilton Abuja – N714,922.00 per Night. This is most expensive hotel in Nigeria.
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If the fee charged by these most expensive hotels in the country are convert to International currency exchange rate, it will reveal the country exchange rate give the impression that the fee charged are exorbitant. The most expensive hotel charge N714,922, convert this amounts to USD will amount to $11,429.844. In summary, the current exchange rate of naira to International currency exchange rate equally affect other goods and services hence Nigeria is not an industrial nation but import depending nation. The tonnage of export of a nation determine the external value of the country currency.
If the fee charged by these most expensive hotels in the country are convert to International currency exchange rate, it will reveal the country exchange rate give the impression that the fee charged are exorbitant. The most expensive hotel charge N714,922, convert this amounts to USD will amount to $11,429.844. In summary, the current exchange rate of naira to International currency exchange rate equally affect other goods and services hence Nigeria is not an industrial nation but import depending nation. The tonnage of export of a nation determine the external value of the country currency.