Nigeria Invests €304m in Food Packaging Tech, Ranks 2nd in Africa
Samuel Mobolaji
Nigeria recorded an impressive €304 million investment in food and packaging technology in 2023, securing its position as the second-largest investor in Africa, trailing only South Africa.
The milestone was disclosed by Ms. Freyja Detjen, Senior Project Manager at FairTrade Messe, during the 10th edition of the Agrofood and Plastprintpack exhibition in Lagos. She highlighted Nigeria’s increasing commitment to industrial advancement and cutting-edge solutions in the sector.
“These numbers show Nigeria’s dedication to fostering innovation and economic development, placing it ahead of Algeria and Egypt in food and packaging technology investments,” Detjen stated.
The exhibition, which attracted 115 exhibitors from 12 countries, including China, Germany, Italy, and South Africa, showcased advanced products and solutions tailored for the Nigerian market, further solidifying the country’s role as a hub for global investment and innovation.
Minister of Agriculture and Food Security, Sen. Abubakar Kyari, represented by Mrs. Omolara Oguntunyi, reaffirmed the Federal Government’s commitment to food security and agricultural growth. He emphasised the need for sustainable policies and innovative solutions to address global challenges such as climate change and economic uncertainties.
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During high-level discussions, the ministry outlined key initiatives, including climate-resilient agriculture, expanded irrigation systems, and financial support for small-scale farmers. Officials reiterated their dedication to implementing policies aligned with global best practices to drive sectoral transformation.
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