Nigeria's leading finance and market intelligence news report.

First Halal expo to attract over 200 SMEs, exhibitors from 30 countries

…as Nigeria yet to gain from $2.7tn halal market

At least 30 countries, over 200 exhibitors, comprising of stakeholders and small and medium enterprises and 50,000 visitors, are expected at the 2020 Halal Conference and Exhibition holding in Abuja between 8th to 10th of June, 2020.

It is the first Halal expo to be hosted in Nigeria to highlight the import of halal economy, which has gained traction all over the world.

* indicates required

The expo, being organised by the Abuja Chamber of Commerce and Industry (ACCI) and Abuja Trade Centre (ATC), would attract visitors from countries such as Indonesia, Malaysia, United Arab Emirates, Kingdom of Saudi Arabia, Korea, Thailand, Bangladesh, Morocco, Algeria, among others.

Jude Chime, the executive director of ATC, said the halal economy was a huge sector which had remained largely untapped in Nigeria.

The exhibition covers over 30 sectors such as: consumer electronics, ICT products, house hold products, electrical appliances, fashion and accessories, digital and consumer products, interior and home decor, light, lamp and electrical appliances, fashion, among others.

It would provide dedicated business to business (B2B) window for licensing, branding, franchising for all the exhibitors, while creating potential for Joint Ventures and the opportunity to collaborate with regional as well as global healthcare brands while understanding global trends in Halal food market.

 “When you talk about Halal, it is not just about the food and beverage, it is about lifestyle, it is about your way of living. It is about what is permissible for consumption, it is the way of life permissible.

“If you go to countries like Morocco, they have about 80 million Muslims but they are currently benefitting from the Halal economy. Currently, they are exporting to over 23 countries courtesy of the Halal industry. Malaysia is doing over $7billion in halal food and beverage. So those are the opportunities that we need to tap into,” Chime further said.

“We need to promote our SMEs too, we have to further encourage them to go into exportation, to go into manufacturing halal food, to export to the other parts of the world. The halal industry/economy as at 2017 was worth over $2.2trillion but now it is about $2.7trillion. So it is a very huge economy. So these are opportunities that the chamber is trying to position the various stakeholders to look at. This is one of the essence of having the exhibition. Currently we have visited, as part of the consultation a whole lot of stakeholders in the industry.”

 

 

Comments are closed.