December 1st to 3rd  2020,  Landmark Centre in Lagos, Nigeria  +44 (0) 2476 158099

news and events

news, news and events

Concerns rise over annual importation of 700,000mt of sugar into Nigeria

The Federal Government has raised concern over the annual importation of about 700,000 metric tonnes (MT) of sugar into the country despite the abundance of the resource locally. 

The Minister Trade and Investment, Adeniyi Adebayo, who was on a facility tour of the Flour Mills Nigeria Plc Sunti Golden Sugar Estates, in Mokwa, Niger State, stressed the government’s readiness to support the private sector in ensuring Nigeria achieved self-sufficiency in sugar production.

The move comes against the backdrop of the implementation of the Nigeria Sugar Master Plan, aimed at attracting over $1 billion annually in local and foreign direct investments, and creating an estimated 107,000 jobs over the first 10-year period.

The Minister said efforts by the private sector to boost sugar production would go a long way in reducing the level of unemployment, saying: “Nigeria is working towards being self-sufficient in sugar, we have been able to do it in cement, and we are trying to do it in sugar.

“As time goes on, we will not import sugar anymore; we will produce more than enough for our use and possibly export. We also want to take advantage of the Africa Developmental Free Trade Area Agreement, so that we can export to other African countries,” Adebayo said.

However the Chairman Suntai Golden Sugar Estates, John Coumantaros, disclosed that it has invested about N64billion into production in the country, and still intends to invest an additional N34billion in infrastructural development for the host community and the factory.

He disclosed that Nigeria consumes about 1.3million MT, while the Suntai and Savanah Farms produce about 600,000MT, meaning, the country imports 700,000MT of sugar annually.

The Chairman disclosed that added that the company plans to engage over 60,000 Nigerians in direct and indirect employment over the next 10 years, adding that “with about 17,000 hectares of land they would be producing about 100,000-150,000MT of sugar when the land is fully developed, we currently produce for the local market.”

To find out more, Click Here
Source: The Guardian, January 2020

news, news and events

Nigeria, US to mobilise $300m for agribusiness

The Federal Government, the United States and other stakeholders have mapped out strategies to mobilise $300m to support investment and boost business in the agricultural sector in the country.

The fund aimed to reach at least 5,000 small and medium enterprises in order to expand opportunities for agribusiness borrowers and lenders in Nigeria.

Vice President Yemi Osinbajo, while speaking during the launch of the initiative in Abuja on Tuesday, said the Federal Government was creating the enabling environment and would ensure coordination among the states, the Federal Government and the US to achieve the target.

Represented by Andrew Kwasari, Senior Policy Adviser in the Office of the Vice President, Osinbajo noted that “the synergy between the US, the Federal Government and the states is a way for the future.”

The USAID Contractor of the FTF Nigeria Agribusiness Investment Activity, Adam Saffer, explained that Nigeria had tremendous opportunity to take advantage of the arable land in the country, abundant water, human resources, fertile soil and many other things that should make Nigeria not only self-sufficient but also the food basket of the region.

He said, “FTF Activity in order to help Nigeria reach the target is working with financial institutions, investors, agro data, processors and other businesses and producers to create a more enabling environment to attract those finances and investors.”

“With a more efficient agribusiness sector, food generation, better income and more inclusiveness of women and youth, we can end up with a better quality food at a lower price.  Our activity is trying to activate $300m from the investors, from the banks and from the finance institutions to make this happen.”

To find out more, Click Here
Source: The Punch, August 2019

food, investors, news and events

Exhibitors Express Confidence In Nigerian Market at Food & Beverage West Africa

Investors across the globe have expressed confidence in the Nigerian Food and Beverage market

and have shown high readiness to invest in the segment of the economy

This became apparent at the recent Food & Beverage West Africa Exhibition in Lagos organised by United Kingdom based firm, BtoB Events.

The three- day event had in attendance over 150 Food & Beverage exhibitors and 5000 visitors from within and outside the country, all of whom were exposed to trends, opportunities and innovations in the sector, in addition to the business and networking windows open to them.

 The Food & Beverage sector is reported to be the largest segment of the Nigerian manufacturing industry estimated at €16.5bn in aggregate output and generating 1 5.m jobs.

According to the Association of Fast Food and Confectioners of Nigeria, the Nigeria  food industry alone is worth over one N1trillion.

Managing Director of B to B Events, Mr. Jamie Hill,  explained that the huge prospects and positive outlook presented by the  sector informed the choice of Nigeria’s venue for the fair coupled with investors interest to establish their foothold in the country.

Mr Hill revealed that Nigerian businesses made up 40 per cent of the over 150 exhibitors, commenting: “This will enable local SMEs to benefit from the annual platform and showcase what they have to offer alongside the local and international power houses across sectors. By offering local businesses opportunity to participate, we hope to facilitate their growth in the market and work towards the long-term goal of increasing local production and exports from Nigeria across the region.”

Also present at the exhibition, was a former Commissioner for Commerce and Industry in Ogun State, Bimbo Ashiru, who saw the fair as an avenue to draw foreign direct investment (FDI), into the country and  promote the local content, most especially as Nigeria looks to be among the largest economies in year  2020. He has however urged government to put more efforts in making the business environment friendly for investors.

“What we need is the enabling environment from the government for businesses to thrive. Once this is there, I can tell you the sky is the starting point because Nigeria is full of opportunities.”

Talking about the ease of doing business today,  we have moved from over 170 in global ranking to 146. 

The  target is to probably move to 80 or 70 and there is no reason why we can not achieve that. All we need  to do is to create that environment.”

Food & Beverage West Africa also enjoyed wide sponsorship from local and foreign companies including Just Food, NASCO,  Restaurant and Food Services Proprietor Association of Nigeria (REFSPAN),  National Association of Supermarket Owners of Nigeria (NASON) and SPAR, amongst others.

Original source can be found here.

food, investors, news, news and events

Food and Beverage West Africa: Made-in-Nigeria products record huge patronage

Local Nigerian producers of food & beverage products had huge success at the 2019 Food and Beverage West Africa Exhibition.

The News Agency of Nigeria excitedly reported that numerous stands at FAB had fantastic products, all of which seemed alluring to many of the attending visitors. Mrs Omotayo Alabi, an official of Omonide Farms Ltd exhibiting at the event, remarked that the decision to come to the event became imperative because they observed that Nigerians needed healthy, wholesome and home grown foods.

“The turnout has been impressive. We have had to call in for more products from our office because what we have here did not meet the demand. The exhibition was a great opportunity to showcase healthy foods that are Made-in-Nigeria for Nigerians, well packaged and affordable,’’ she commented. Mr Olumide Olayomi, Chairman of Omonide Farms, who was represented by an official of the firm, identified as Kingsley, highlighted recent challenges affecting exportation of their products overseas. He said: “Although, we have been pushing through most of these challenges because we are majorly an African food exporter, we work hard to meet international standards for the U.S. and Canada markets.

“One of the major challenges in the export process is the Apapa road issue, getting our products through those roads is a task. Then incentives by the Federal Government for exporters are not coming as they should among others,’’ he said. The officials, however, commended the Nigerian Export Promotion Council (NEPC) for their support, especially exposing them through the drill of meeting standards to eradicate rejection at the receiving country. Omonide Farms is the maker of O-Funirem Foods registered with the U.S. Food and Drug Administration (FDA), they produce smoked catfish, plantain flour, pounded yam flour, locust beans powder, cassava flour, yellow and white gari and Ofada rice among others in different sizes.

Another exhibitor, Riella Agro-Tech Ltd, showcased their Benue Yam Poundo, Benue fresh yams, and fruits like pineapples from Edo, mangoes, cashew nuts, palm oil and honey.
Mr Olu Peters, Head of Commodities, expressed that although the farm was located in Benue, they had an office outlet in Lagos which was the commercial hub of the country. Peters said: “This exhibition is a good initiative, we are excited to be showcasing our products. We all know Benue for the sweet yams they produce, that is why our bestseller, Benue Poundo is doing great. Our fruits are also doing well because they are sumptuous and well cultivated, people have been rushing for them,’’ he said.

Peters, however, identified some challenges in transportation of perishable produce, taxation, electricity and lack of government incentives to keep people in business. One visitor commented that she was happy with such an event because a buyer could easily trace the source of the products one buys.

The Food and Beverage West Africa Exhibition is organised by  BtoB Events bridging the gap between buyers and consumers as well as creating a market for economic stability via luring foreign investors into the country.

Food & Beverage West Africa will exhibit again on the 17th-19th of June 2020.

Please contact the BtoB Events team for more information on visiting or exhibiting at the next show.

 

For more information click here.

food, investors, news, news and events

Attracting foreign investors can solve unemployment and economic challenges

AGRICULTURE

Stakeholders on Tuesday said that attracting foreign investors was key to tackling the high rate of unemployment and economic challenges in the country. The News Agency of Nigeria reports that stakeholders spoke at the ongoing Food and Beverage West Africa Exhibition at Landmark Events Centre, in Lagos. A former Ogun Commissioner for Commerce, Mr Bimbo Ashiru, told newsmen on the sidelines of the exhibition that government had no business doing business but to ensure ease of doing business.

Ashiru said that exhibitions were to create awareness and attract foreigners to come and invest in the Nigerian economy thereby creating employment. “This exhibition clearly shows that we can integrate as a family globally. This is a country of about 200 million people and with the kind of exhibition we are seeing today with people from all over the world. “If these over 100 exhibitions penetrate the Nigerian market, it will create thousands of jobs. One of the exhibitors has also said that their target is to employ 100,000 Nigerians.

Some stakeholders on Tuesday said that attracting foreign investors was key to tackling the high rate of unemployment and economic challenges in the country. The News Agency of Nigeria reports that stakeholders spoke at the ongoing Food and Beverage West Africa Exhibition at Landmark Events Centre, in Lagos. A former Ogun Commissioner for Commerce, Mr Bimbo Ashiru, told newsmen on the sidelines of the exhibition that government had no business doing business but to ensure ease of doing business. Ashiru said that exhibitions were to create awareness and attract foreigners to come and invest in the Nigerian economy thereby creating employment. “This exhibition clearly shows that we can integrate as a family globally. This is a country of about 200 million people and with the kind of exhibition we are seeing today with people from all over the world. “If these over 100 exhibitions penetrate the Nigerian market, it will create thousands of jobs. One of the exhibitors has also said that their target is to employ 100,000 Nigerians. “Just imagine these companies establishing in different locations in Nigeria. One thing I always say is, if you bring people into the country, what is key is the value chain benefits and to employ our people. “The level of unemployment is high and the only way to do reduce this trend is to get foreign investors to come in and produce locally, they will get our local raw materials which will create jobs for our farmers, our unemployed graduates. “At the same time, our graduates who want to start their businesses can consider farming,’’ he said.

Ashiru also noted that there was need to develop agricultural value chain that would lead to industrialisation. According to him, Nigeria needs to start producing and growing what we consume like it is obtainable in other climes where they have farm access roads for easy transportation of raw materials to manufacturers. “What we owe these exhibitors is to create an enabling environment.

“We are talking about ease of doing business, we have moved from 170 to 146 position and our target is to move to maybe 80 or 70 and we can do that if we create the environment,” he said. Jamie Hill, Managing Director of the B to B Events, organisers of the exhibition said that the exhibition was to create partnership opportunities for Nigerian businesses. Hill said that there was a growing demand for foreign manufacturers to penetrate the Nigerian market, known as the market hub of Africa.

“We created this platform to meet demand because everything is based on supply and demand, this exhibition will not be held if the international market did not request for such. “It is an avenue for them to see the Nigerian economy and possibly work towards establishing their companies here in Africa’s largest economy. “It is a simple decision to hold this exhibition here, the people are good, the facilities are good, and the business is great.

“I have been in Nigeria since 2012 but this is my first time organising this event. We are pleased to say we are hosting exhibitors from across the world and hoping for partnerships for Nigeria and international business. “We want to support Nigerian businesses and help them grow and we want to attract international businesses to come here and invest in the Nigerian economy,’’ he said. According to Hill, the long term goal is to partner local manufacturers because foreign investors will not just come from overseas to set up a manufacturing plant without doing a market study or finding a market partner to market their brand.

NAN also reports that local exhibitors totalled over 40 per cent, while the over 50 per cent are foreign manufacturers. The event which opened today had about 1,000 visitors from across the country.

Continue reading at https://nnn.com.ng/2019/06/18/attracting-foreign-investors-key-to-solving-unemployment-economic-challenges-stakeholders/ | NNN NEWS NIGERIA

news and events

Anticipation builds ahead of Lagos’ new international food and drinks trade show

Food and Beverage West Africa is expecting more than 5,000 visitors for 150 exhibitors

Food and Beverage West Africa, a new international food and drinks trade exhibition in Lagos, Nigeria, will create new opportunities for local businesses.

Food & Beverage Shows and Exhibitions Lagos, Nigeria , West Africa
Owners and people working across the food retail, distribution, catering and hospitality sectors can meet with representatives from more than 150 exhibitor companies from 20 countries at the show which opens its doors from June 18th to 20th 2019. With free admission, more than 5,000 visitors are expected to attend the three-day event at the Landmark Centre on Victoria Island.

Nigerian businesses are well represented, accounting for a third of exhibitors! Food and beverage businesses from Benin, Morocco, South Africa and Kenya are also participating. Additionally, there will be national pavilions for Egypt, Denmark, India, Pakistan, Turkey, Indonesia, and Sri Lanka, with exhibitors also travelling from as far away as New Zealand, China, the Philippines, the Middle East, and from across Europe.

The exhibition organisers is the team from BtoB Events, who had a great success with the launch of the Beauty West Africa exhibition last November. Later on this year, they are also launching the West Africa Automotive Show which is also in Lagos. BtoB Events’ Managing Director Jamie Hill remark: “Food and Beverage West Africa is the premier exhibition dedicated to West Africa’s food and beverage industry. “The exhibition will bring a host of guests and exhibitors from around the world together under one roof, to celebrate and explore future opportunities within the Food & Beverage industry. Guests can discuss opportunities face to face and start to build those all-important business relationships for future success.” Mr Hill wants to emphasise the importance of the role of local and regional businesses, with a dedicated SME Zone showcasing Nigerian small and medium enterprises (SMEs). “This will enable local SMEs to benefit from this annual platform and showcase what they have to offer alongside the local and international power houses across the sector,” says Mr Hill. “By offering local SME’s the opportunity to participate we hope to facilitate their growth in the market and work towards the long-term goal of increasing local production and exports from Nigeria across the region.”

Attendees will also have an opportunity to find out more about trade associations such as REFSPAN (Restaurant and Food Services Proprietors Association of Nigeria) and NASON (the National Association of Supermarket Owners of Nigeria) who are partners for the show. REFSPAN, which until recently has been known as AFFCON, changed its name to reflect its expanding membership from the fast food sector to restaurants in general and food service companies. Members include businesses such as Sweet Sensation, Mama Cass, and Chicken Republic, and it is offering free application forms to visitors to the exhibition.


Several other trader associations are also partnering the event: Eziukwu Road Traders Association, Onitsha Main Markets Traders Union (OMMATU), Ogbaru Main Market Traders Association (OMMTA) Onitsha, Balogun Business Association Nigeria, Oke-Arin Trades’ Association, Lagos, and the Association of Food Vendors in Nigeria (AFVN).
The event’s gold sponsors are Just Foods, West Africa’s leading provider of quality, global food equipment brand, and NASCO, an export and wholesale company based in the UK. Nigeria’s largest hypermarket business, SPAR, is the retail partner.

AgroNigeria is a media partner for the show. Its Executive Director Mrs Idongesit Mbaram described the importance of the event: “There has been a lot of concentration on the agricultural sector by the Federal Government and this concentration is cutting across every value chain in the agricultural sector. So definitely, food and beverage retailing is not the way it was five years ago. More investors and brands are coming up, thereby resulting in keen competition and where there is competition, innovation thrives.” The online community inspiring and motivating food entrepreneurs, FoodPrenuers Hub, has endorsed the show. Olushola Oladejo said: “We are supporting FAB West Africa because it is giving food entrepreneurs like us, a great opportunity to showcase our businesses to the world at the same time partner with international businesses. “The retailing sector in Nigeria is growing fast, due to Nigeria’s rapid urban developments and the country’s fast-growing middle class. This is a huge opportunity for retailers. Supermarkets are also increasing in their numbers across the country.”

While the show is fast approaching maximum capacity, BtoB Events is still inviting applications from exhibitors and potential sponsors who can find out more about the show on the FAB website, https://fab-westafrica.com/ or by contacting Mr Hill on Jamie.Hill@btob-events.com.

Anyone connected with the food and beverage industry, be that retailers, restaurateurs, bar owners, distributors, import/export businesses or regulatory can attend the show free of charge. Due to the anticipated level of interest, the show organisers are encouraging visitors to pre-register online for free at http://fab-westafrica.com/pre-registertoday-online/.

Alternatively, WhatsApp ‘PRESS’ to +2348183818456.

news and events

International food and drink businesses drawn to new trade show in Lagos

More than 150 exhibitors are set to participate in the Food and Beverage West Africa exhibition

Local food and beverage industry businesses will have an important opportunity to meet international F&B companies at a new exhibition in Lagos.

More than 150 exhibitors are participating in the Food and Beverage West Africa (FAB) show which opens its doors from June 18th to 20th at the Landmark Centre on Victoria Island. Over a third of exhibitors are from Nigeria however, more than 20 countries will be represented, with Benin, Morocco, South Africa and Kenya among the participating African countries.

Dedicated country pavilions will be found for exhibitors from Egypt, Denmark, India, Pakistan, Turkey, Indonesia and Sri Lanka. In addition, exhibitors are expected from the Middle East (Saudi Arabia and the UAE), Europe (Belgium, The Netherlands, Poland, Russia, and the UK) and New Zealand, China, and the Phil

ippines.

The show organiser, BtoB Events, is keen to promote the role of local small and medium sized enterprises in the food and beverage industry, Keen to emphasise this, they have organised a dedicated zone at the hub of the FAB exhibition specifically for Nigeria’s SMEs. BtoB Events Managing Director Jamie Hill explains: “We regard Food & Beverage West Africa as the premier exhibition dedicated to West Africa’s food and beverage industry. The exhibition will bring a host of guests and exhibitors from around the world together under one roof, to celebrate and explore future opportunities within the F&B industry. Guests can discuss opportunities face to face and start to build those all-important business relationships for future success.”

The exhibition will host a specific SME Zone, enabling local SMEs to benefit from this annual platform and showcase what they have to offer alongside the local and international power houses across the sector. “By offering local SME’s the opportunity to participate we hope to facilitate their growth in the market and work towards the long-term goal of increasing local production and exports from Nigeria across the region,” explains Mr Hill. BtoB Events hopes the show will encourage greater recognition about the growing independence of the market with the show creating new business opportunities to support businesses and ultimately help reduce imports.
“Whilst Nigeria is currently doing a great job in reducing its dependence on food importation, Food & Beverage West Africa will provide a unique opportunity for local producers to source the latest technology across the food production sector from ingredients to machinery,” says Mr Hill. “Many international companies are looking to move into the market for the first time to initially find partners, and then in the longer term look at establishing a manufacturing presence in the near future. We want FA to provide that platform so that food and drink businesses in Nigeria and West Africa can benefit from the exchange of ideas and trade.”

Just Food, the region’s leading provider of quality, global food equipment brands, is a Gold Sponsor of FAB. JustFood’s Chief Executive Officer, Mr Tunde Ogunrinde, explains why his company is participating: “We have business in Ghana, Nigeria, Ivory Coast & Senegal and will be in 16 West Africa countries within next 5 years; FAB allows us to gauge/propel market entry location by attendance levels from international markets somewhat.”

Another of the show’s partners is AgroNigeria, “a crucial stakeholder in the agricultural sector.” Its Executive Director, Mrs Idongesit Mbaram, comments: “AgroNigeria is supporting FAB because the event seeks to promote and project local and international brands. The ultimate objective here is to stimulate and sustain an economic revitalization in Nigeria leveraging the agricultural sector.The world is now a global village where companies and corporations compete and improve on themselves. With an international presence at FAB West Africa, local businesses will feel the importance of the event and also have the opportunity to examine innovations being made at international levels. Most importantly, connecting with key global trends is vital.”
Asked why international visitors should invest in West Africa and Nigeria, Mrs Mbaram says: “To quote the President of the Rockefeller Foundation, Dr. Rajiv Raj Shah, ‘African agriculture is at a defining moment.’ It has been highlighted by so many other scholars and international stakeholders that Nigeria is at the middle of it all, not only because of the availability of the market but also the availability of the resources and the willingness of its people to do business. This is more than enough reason for any investor to be bullish about Nigeria.”

The online community FoodPreneurs Hub is another of the show’s partners. Its spokeswoman Olushola Oladejo says they are participating because: “FAB West Africa is giving food entrepreneurs like us, a great opportunity to showcase our businesses to the world at the same time partner with international businesses.
“International representation is important and of great value because It means we can partner and connect with international markets and grow our businesses across the shores of this country.”

While the show is fast approaching capacity, BtoB Events is still inviting applications from exhibitors who can find out more about the show on the FAB website, https://fab-westafrica.com/or contact Mr Hill on Jamie.Hill@btob-events.com.

Anyone connected with the food and beverage industry, be that retailers, restaurateurs, bar owners, distributors, import/export businesses or regulatory can attend the show free of charge. Due to the anticipated level of interest, the show organisers are encouraging visitors to pre-register online for free at http://fab-westafrica.com/pre-registertoday-online/

Alternatively, WhatsApp ‘PRESS’ to +2348183818456.

news, news and events

Food and Beverage West Africa to showcase latest international innovations

New trade show launches later this month with 150 local and international exhibitors

The Food and Beverage West Africa exhibition in Lagos, Nigeria, is expecting to see more than 5,000 attendees from the industry over three days.

FAB West Africa is free to attend taking place at the Landmark Centre, Victoria Island, from June 18th to 20th

. Visitors will be able to discuss business opportunities and see the latest in F&B developments from over 150 exhibitors, both local and international.

Thousands of products, many of which will be showcased for the first time in the region, will be on display. Besides finding new products, attendees will also be able to source new and additional suppliers as well as keep up to date with new industry trends from around the world.

FAB is organised by BtoB Events. Btob Events Managing Director Jamie Hill explains: “Food and Beverage West Africa is the premier exhibition dedicated to West Africa’s food and beverage industry. The exhibition will bring a host of guests and exhibitors from around the world together under one roof, to celebrate and explore future opportunities within the Food & Beverage industry. Guests can discuss opportunities face-to-face and start to build those all-important business relationships for future success. Essentially anybody who is involved in the procurement of foodstuffs will be in attendance from fast food chains to supermarkets, retail stores to catering companies.”

As a business-to-business platform, the organisers of FAB have seen a particular interest from companies wanting to meet distributors from across the ECOWAS (Economic Community of West African States). Overseas exhibitors are also hoping to meet with a full representation of the Nigerian F&B industry, says Mr. Hill. “International companies are typically looking for importers of food and beverage products. The exhibition will give exhibitors the opportunity to demonstrate and give examples of their new and innovative products. Visitors will have the chance to see first-hand what to expect within the food and drinks sectors over the next few months.”

Event Gold Sponsor NASON

Nigerian businesses make up a third of the confirmed exhibitors. The exhibition even has a special zone for local small and medium enterprises (SMEs). “The ‘Made in Nigeria SME Zone’ will enable local SMEs to benefit from this annual platform and showcase what they have to offer alongside the local and international power houses across the sector,” says Mr Hill.
“By offering local SME’s the opportunity to participate we hope to facilitate their growth in the market and work towards the long-term goal of increasing local production and exports from Nigeria across the region.”  One of the show’s partners welcoming the focus within the SME sector is AgroNigeria. It’s Executive Director Mrs Idongesit Mbaram comments: “As a matter of fact, businesses under the F&B value chain should see the FAB West Africa as a rare opportunity to connect with suppliers, distributors, manufacturers and to build strong business relationships with clients from across Nigeria, neighbouring West African countries and around the world. Due to the almost steep nature of the agricultural sector, it is expected that an event like this will create an  avenue where local small and medium scale agricultural value chain establishments will come into contact with bigger corporations and do business.”

With exhibitors from over 20 different countries being represented over the three-day event, there will also be country pavilions and individual exhibition stands.
Just Food, the region’s leading provider of quality, global food equipment brands, is a Gold Sponsor of FAB. JustFood’s Chief Executive Officer Tunde Ogunrinde expects that visitors will want to engage in

Show Partner REFSPAN

practical discussions, see live demonstration of products, plus benefit from discounted offers on products. Attendees should make the most of good networking opportunities, with the “synergy between businesses,” he recommends. “FAB is a great place to meet various key stakeholders and decision makers in the food & beverage industry.”

 

Visitors will also be able to find out about the benefits of joining a trade association as a number are partnering the event. One of FAB’s partners is REFSPAN, the Restaurant and Food Services Proprietors Association of Nigeria. REFSPAN was previously known as AFFCON but recently changed its name to reflect the growing interest of other relevant business owners in the sector as prospective members. FAB attendees interested in joining REFSPAN should visit its stand for a free application form.
FAB is free to attend, and with so many visitors expected, the organisers are encouraging attendees to pre-register online for free at http://fab-westafrica.com/pre-registertoday-online/
Alternatively, WhatsApp ‘’PRESS” to +2348183818456.

news, news and events

Food & Beverage West Africa will showcase opportunities in Nigeria

Innovative Food & Drinks Trade Show gets huge local and international endorsement

More than 150 food and drink businesses, both local and international, are set to take part in a new trade show in Lagos, Nigeria. 

Food and Beverage West Africa (FAB) launches on Jun 18th-20th at the Landmark Centre, Victoria Island.

The show has secured the backing of many businesses and trade associations which recognise the significant opportunities the show will bring to food and drink retailers, restaurant owners and food distributors in Nigeria and West Africa. Such is the interest, more than 5,000 visitors from the F&B industry are expected to attend the free to-attend three-day event.

Read more

news and events, Uncategorized

Nigeria’s Oil Imports In Quarter One Significantly Increase

Nigeria’s oil palm imports in the three months to end March 30, 2019 reached a total of 112,480 metric tonnes as the country continues to implement strategies to ensure self-sufficiency in oil palm production.

According to data from the Malaysian Palm oil Board, the country imported a total of 41,281 tonnes, 8,532 tonnes and 52,872 tonnes in January, February and March and 9,795 tonnes in April. Nigeria’s oil palm production and export has historically contributed substantially to the country’s external reserves and agricultural Gross Domestic Product (GDP). In the past, palm oil and palm kernels exports composed 15.0 per cent to 20.0 per cent of the country’s total exports, according to data from the United States Department of Agriculture (USDA).

However, the sector has continued to witness a downturn with contribution to global market share tapering to a scanty 1.4per cent as at 2018, with Indonesia and Malaysia leading in the global production. Nigeria’s annual consumption is put at 2.4 million tonnes annually compared to the current local production of between 1.7 to 1.8million metric tonnes produced in about 15 states. The major oil palm producing states include; Enugu, Imo, Ondo, Edo, Cross River, Delta, Akwa Ibom, Ekiti, Bayelsa, Rivers, Anambra, Oyo, Abia, Edo and Ogun State.

To read more please Click Here

Source: Food Business Africa, May 2019

× How can I help you?