Nigeria manufacturing sector to experience growth, enhance economy’s GDP

Caption: L-R: Chief Olabintan Famutimi, Former President, Nigeria America Chamber of Commerce;  Joseph Oru, Event Manager, Nigeria Manufacturing and Equipment Expo, Clarion Events West Africa at the recently held Nigeria America Chamber of Commerce Annual General Meeting

Former president, the Nigeria America Chamber of Commerce (NACC), Olabintan Famutimi, says the Nigeria manufacturing industry is set to experience remarkable growth.

Famutimi said this recently at the 57th annual general meeting of the NACC in Lagos. The event, which had top dignitaries and representatives from partner organisations like Clarion Events West Africa in attendance, also witnessed the inauguration of the new president and induction of new members into the association.

While speaking, Famutimi stated that despite the challenges prevalent in the manufacturing sector, the industry had the capacity to surmount them with the potentials to boost productivity within the industry and further contribute to the nation’s GDP.

He said ,the Nigeria Manufacturing and Equipment Expo, an international end-of-line packaging and processing exhibition for the agro food, beverage, textiles, pharmaceuticals, industrial and non -food manufacturing industry, organised by Clarion Events West Africa, was a credible platform that showcased the potentials inherent in the manufacturing sector.

According to Joseph Oru, event manager of the expo, the objective of the event is to provide an annual meeting place for manufacturing in Nigeria, with the intention to showcase the various opportunities for trade and investment in the sector, and a view to promoting greater integration among players in the sector.

He believes that with a more solid integration between equipment manufacturing, raw material producers and manufacturers, the nation will be able to fast track her quest in developing the manufacturing industry.

While this year’s edition was a success with over 100 exhibitors and 3,000 visitors, next year’s promises to be bigger, especially with the collocation of Multimodal West Africa, a logistics and supply chain solutions event, he said.