Managing Director, Fairtrade, Mr. Martin Marz has disclosed that Nigerian businesses spent not less than €331 million on importation of food processing and packaging machines between 2010 and 2013.
Marz who disclosed this in Lagos at the commencement of a three-day Nigeria Agrofood and plastprintpack Nigeria 2015 exhibition, said this amount of money represented 67 per cent growth from €198 million in 2010.
He stated that during the same period, imports of packaging machinery and equipment moved up from 86 million to €183 million, representing 116 per cent increase while imports of plastics machinery grew by 71 per cent, from €52 to 89 million.
Marz noted that the food and beverage sector was the largest segment of the Nigerian manufacturing industry comprising 22 per cent, estimated at €16 billion aggregated output.
According to him, food and beverage sector constituted about 4.6 per cent of the Nigerian Gross Domestic Products, GDP as not less than 66 per cent of total consumer expenditure, while in 2013, total consumer expenditure in the food and beverage sector amounted to €80 billion and posted a growth rate of 16 per cent after rebasing of GDP and informed that the sector generated over 1.5 million jobs in the country thereby employing 5 per cent of the Nigerian workforce.
“Packaged foods have seen increased demand following the 40 per cent growth of organized retail outlets evidenced in the past five years. In addition, rapid growth in the fast moving consumer goods sector has been a major driver, a trend, which is expected to continue. For the Nigerian plastics and packaging sector, it has grown to over 3,000 companies. The packaging industry in Nigeria is fairly developed and tends to mirror the trend in the local fast moving consumer goods industry. Flexible packaging and plastics packaging have become very popular in Nigeria. Raw materials employed in the packaging sub-sector are mostly imported. Growth in the plastics and packaging sector has been driven by the increasing sophistication of the Nigerian middle class. The Nigerian plastic sector is expected to grow at 7 per cent over the next 10 years”, Martz emphasised.
In his remarks, the Consular General, the Federal Republic of Germany in Lagos, Mr. Michael Derus stressed that the importance of agriculture for development in the country could not be over-emphasised as many see Nigeria as oil exporting country only.
He insisted that the federal government in the last couple of years had ensured diversification of the country’s economy into agricultural produce, adding that the issue of agricultural development goes beyond farmers alone.
Besides, the German Engineering Federation, Project Manager Marketing Development for Africa, Ms. Martina Claus revealed that Nigerian businessmen spent at least 320 billion on processing and packaging machineries in 2014.
She said with this massive investment, the nation could grow faster than expected.


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