The Director-General of the Manufacturers Association of Nigeria, MAN, Segun Ajayi-Kadir, says Africa’s manufacturing sector has proven resilient and is changing at an unprecedented rate in terms of innovative technologies, shifting customer expectations as well as increasing social awareness of gender equality and restoration of previously marginalized communities.
Ajayi-Kadir said this on the sidelines of the upcoming 7th edition of the Nigeria Manufacturing and Equipment Expo (NME Expo) & the Nigeria Raw Materials Exposition (NIRAM Expo,) Conference and Exhibition, organized by the Manufacturers Association of Nigeria (MAN) and the Raw Materials Research and Development Council (RMRDC), which will take place at the Convention Centre, Federal Palace Hotel, Victoria Island, Lagos, from November 21-23, 2023.
He states, ‘By successfully assimilating advanced technologies into their systems, existing and prospective African industrialists can expect to realise even greater revenue and profits from their investments.
“As the world continues to shift, subsequently affecting all aspects of the industry as we know it, Africa has proven steadfast”, he said.
The MAN boss pointed out that as the buying power of Africa’s middle class continues to rise, demand for products and services across the continent, subsequently increases, thereby enabling sustainable economic growth and the much-needed integration amongst regions.
He assured that radical transformations within a global and African manufacturing context will be integrated into the entire supply chain, optimising operations and ultimately stimulating efficiency and innovation for years to come.
“Experts purport that Africa conveys a positive economic growth trajectory, deeming it a feasible alternative to other markets.
“In the face of increasing digitalisation, barriers to entry with reference to the manufacturing sector are dwindling, translating into a positive outlook for new African market entrants who are more flexible than their larger, more cumbersome counterparts, thereby providing products and services that were once the exclusive domain of major incumbents, Ajayi-Kadir added.
As the flagship symposium of the continent’s entire industrial sector, the 7th edition of the Nigeria Manufacturing and Equipment Expo (NME Expo) & the Nigeria Raw Materials Exposition (NIRAM Expo,) Conference and Exhibition is set to empower its manufacturers to rise on an international scale and realize their true potential at long last.
