Nigeria Emerges 2nd Largest Investor in Plastics technology in Africa

According to a survey published by the Mechanical Engineering Industry Association (VDMA), Nigeria has emerged as Africa’s second-largest investor in plastics technology, with €143 million invested in the industry by 2022.

According to the research, investment in food and packaging technologies has increased dramatically in recent years, reaching €363 million last year.

Nigeria is currently Africa’s second-largest investor, trailing only South Africa with €381 million and outpacing Egypt with €319 million.

Nigeria also tops Africa’s packaging technology investments, with €183 million in 2022, outpacing South Africa (€175) and Egypt (€162 million).

Between 2016 and 2022, the industry grew at an annual pace of 17.6 percent.

Building on Nigeria’s rapid technological growth, global technology leaders from 16 nations will gather in Lagos for the ninth edition of the agro-food and plastprintpack Nigeria conference, which will last three days from March 26th to March 28th.

The worldwide expo and conference, organized by German trade show specialists fairtrade Messe, will take place at the Landmark Centre on Victoria Island, pioneering global technologies for Nigeria’s agro-food and plastic packaging industries.

According to the organizers, every part of the conference has been methodically improved to provide an exceptional experience that far exceeds past benchmarks.

Over 125 exhibitors from several nations will display specific products and solutions for the Nigerian market, with senior ministers from both the federal and Lagos state levels anticipated to participate actively.

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