The Manufacturers Association of Nigeria (MAN) and the Raw Materials Research and Development Council (RMRDC), are pleased to announce the 7th Nigeria Manufacturing and Equipment co-located Nigeria Raw Materials Exposition (NIRAM Expo), 2023. The event is scheduled to hold at Halls 1-4, Convention Centre of the Federal Palace Hotel, Victoria Island, Lagos, from 21st-23rd November, 2023. The NME & NIRAM Expo 2023, is being organized as a partnership between MAN and RMRDC. It is the only regional event which brings the entire manufacturing and raw material value-chain ecosystems together under one platform. It is West Africa’s only trade show which focuses on the entire manufacturing value chain for the West African sub-region.
Now in its 7th edition, this premier Conference and Exhibition space promises to host some of West Africa’s biggest manufacturing, equipment and raw materials procurement industries. Being the official manufacturing event of the year for MAN and RMRDC and with the firm support of their Ministries, the Federal Ministry of Industry, Trade and Investment and the Federal Ministry of Science, Technology and Innovation, respectively, the platform intends to offer unprecedented opportunities and access for exhibitors to accelerate the industrialization of the African continent.
According to the Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, “there is no nation on earth that is considered wealthy or developed or prosperous that does not have a vibrant manufacturing sector”. He noted that the manufacturing sector has the greatest opportunity to create jobs, the greatest opportunity to revive the economy and set the path to growth and development, adding that for this reason, governments all over the world incentivize manufacturing.
Taking place in November of this year, the NME/NIRAM Expo is sure to attract both local and international companies, thereby availing them the opportunity to show-case and demonstrate new and emerging technologies, machinery and equipment which would inspire business-to-business initiatives with the potential for increased foreign direct investments into Nigeria.
According to the Director General of the Raw Materials Research and Development Council (RMRDC), Prof. Hussaini Doko Ibrahim, “To improve capacity utilization, RMRDC, through the Nigeria Raw Materials Exposition, (NIRAM Expo) and other programmes, has been able to promote new investments in local resource-based industries and encourage existing industries to source their raw materials from within Nigeria”.
With the colossal resource endowments of Africa, the continent possesses huge growth potential to surpass the European and other developed economies of the world, if the manufacturing sector is repositioned appropriately. Current policies and agreements promise significant benefits such as economic diversification, structural transformation, technological advancement and job creation opportunities. Forecasts for the new policies and reforms call for spending on the African consumer market of about $1.2 billion, estimated private and business-to-business spending of about $4 trillion and the creation of 13 million to 16 million new jobs. According to the World Bank, total manufactured exports will rise by 29% by 2025, while intra-African manufacturing trade will rise by 110% and global manufacturing exports by 46%.
The NME/NIRAM Expo, 2023, will connect its stakeholders with decision makers who are serious about investing or building new manufacturing plants, procuring the latest innovations in machinery, equipment and technology, and finding turnkey solutions to improving their existing production outputs.
“Experts agree that Africa needs rapid industrialization to become more competitive globally,” says Bunmi Aliyu, Managing Director at Leoht Africa, the organizer of this exhibition platform. “We have seen how the disrupted supply chains, during the Covid-19 pandemic, forced and inspired many African companies to source their raw materials locally, in order to meet the growing demand for goods and services. This has provided a much-needed momentum to take local manufacturing on the continent to the next level.”
Exhibitors for this edition are expected to join 200+ other top manufacturing, industrial equipment and raw materials sector organizations, by reserving a space on West Africa’s premier market place for local buyers and sellers. You, therefore, have a variety of choices at your disposal and the chance to customize your involvement to maximize return on investments.