Essential platform for international and regional food and beverage companies to network and establish business ties in Nigeria this May
LAGOS, Nigeria - March 31, 2016 - PRLog -- Food Nigeria Exhibition, organised by Informa Life Sciences Exhibitions, will kick off 18 -20 May 2016 in Lagos, Nigeria at the Eko Convention Centre. The event will provide a platform for international and regional food and beverage companies to network and cultivate business ties in Africa's largest economy, Nigeria. Informa Life Sciences successfully runs seven events in Nigeria alone addressing the Nigerian economy's requirements.
The exhibition will host more than 150 international companies across 2,500 sqm of exhibition space. The companies will represent more than 20 country pavilions welcoming an expected 6000 attendees. The event is supported by the Association of Food Vendors in Nigeria (AFVN), the National Agency for Food and Drug (NAFDAC), and National Association of Supermarket Operators Nigeria (NASON).
TG Expo, organiser of the Turkish pavilion, says, "As a national agency we are delighted to bring numerous companies to the Turkish pavilion at Food Nigeria. We see a great interest from Turkish companies keen to launch their products and well known Turkish delights to the growing Nigerian market. Therefore, investing in a Turkish country pavilion is the best way to enhance the synergy between exhibitors from our country and professional visitors from the African food industry."
"Food Nigeria is a business-to-business platform promoting supply chain partnership along with imports and exports. It will incorporate attendees from Nigeria and Western Africa. Attendees will benefit from meeting Nigerian food industry leaders from regional and international organisations, showcasing an extensive range of the latest products and services," says Jamie Hill, Director, Informa Life Sciences Group, Africa.
McKinsey Global Institute reported in July 2015, Nigeria's consumption could rise to $1.4trn a year by 2030, at an average annual increase of 8%. This rise in consumption will likely be driven by higher income levels, significantly expanding the middle-income bracket. This increased affluence is expected to result in 7.1% annual growth in sales of food and non-food consumer goods.
"It is important to recognise the opportunities currently present in the Nigerian market. By organising Food Nigeria, we aim to provide an opportunity to support the growing market and host international, and regional food brands to build business ties. Markets in Nigeria are becoming more defined and transforming from informal to formal, developing modern facilities, and providing a diversified purchasing experience in a growing economy," highlighted Mr Hill.
The event will host a number of free-of-charge conferences that will address the market's challenges, opportunities and solutions.
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Food Nigeria in line with Nigerian growing food market
March 31, 2016 at 03:06 AM EDT