Managing sustainable tourism is recognized as an important aspect of tourism planning, is now receiving even greater attention. In managing sustainable tourism therefore, the adoption of planning and management techniques and process in developing sustainable goals and objectives is very paramount. This was what motivated the researcher to investigate a comparative study on the need for effective policies as a panacea for sustainable hospitality and tourism industry. The followings are the objectives of the study: to survey the prevalence of effective policies as a panacea for sustainable hospitality and tourism industry in the country, to inquire the impact of effective policies on the development of the hospitality and tourism industry in Nigeria and to analyze efforts taken by the government to ensure effective policies for sustainable hospitality and tourism industry in the country.