According to a report by the Mechanical Engineering Industry Association (VDMA), Nigeria has become the second-largest investor in plastics technology in Africa, with €143 million invested in the industry in 2022. The report also reveals that investments in food and packaging technology have significantly increased in recent years, reaching €363 million last year. Nigeria now stands as Africa’s second-largest investor, behind South Africa with €81 million, but ahead of Egypt with €319 million. Moreover, Nigeria is the leading investor in packaging technology in Africa, with €183 million invested in 2022, surpassing South Africa (€175 million) and Egypt (€162 million). The industry has experienced an annual growth rate of 17.6% between 2016 and 2022.
Building on Nigeria’s fast technological progress, global tech leaders from 16 countries will gather in Lagos for a three-day conference from the 26th to the 28th of March for the ninth edition of the Agro-food and Plastprintpack conference. The conference, which is organized by the German trade specialists, fairtrade Messe, will be held at the Landmark Centre in Victoria Island and will showcase innovative solutions for Nigeria’s agro-food and plastprintpack industry. The organizers have promised that the conference will deliver an unparalleled experience surpassing previous benchmarks, with over 125 exhibitors from different countries showcasing tailored products for the Nigerian market. Furthermore, active participation of key ministers, both at the federal and Lagos state levels, is expected.