NACCIMA woos cosmetic manufacturers into Nigeria

Director General, Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Sola Obadimu has called on manufacturers of cosmetic,body and hair care as well as other players in the beauty value chain to consider setting up production facilities in Nigeria as the as a way of creating jobs and contributing to the country’s economic development.

Besides, he said Nigeria is a huge market with increasing demand for goods and services that many manufacturers could not ignore with improving investors’ perception bordering on security.

Obadimu disclosed this in Lagos while declaring open the Beauty West Africa Conference and Exhibition put together by BtoB Events Limited.

He said he was impressed with the turn out of the Beauty West Africa Conference and Exhibition, which provides a window for manufacturers, players and people in the value chain to consolidate partnerships and develop the industry.

The Chambers of Commerce and Industry from Benin Republic, Ghana, Cameroon and Gambia also attended the Beauty West Africa Conference and Exhibition.

Obadimu said the way and manner players in the sector tuned out at the event shows Nigeria is a huge market in the sub-continent beckoning for investors to set up their businesses and add value to the economy.

He commended the organisers for putting together an exhibition where many countries across the globe are showcasing their products and services.

The NACCIMA Director General said: ” It’s a good development for us particularly when you know the kind of perception foreigners used to have about stories of insecurity. This shows that we can still host world class events. And also, it signifies that Nigeria still remains a strong market with a lot of demand for products and services. But what I would like more is to see some of these companies opening an outlet in Nigeria so that some of our people can be employed. It’s a good story for us and I hope this continues.”

Also speaking, Managing Director, BtoB Event, Jamie Hill said Beauty West Africa Conference and Exhibition aspires to see more cosmetics manufacturers settle for Nigeria in order to develop the beauty market.

He, however, hopes the idea will expand exhibitors’ perception about the Nigeria market and other business areas capable of uplifting the country’s economy.

He said: ” I can say to you I’m impressed with what I’ve always seen in Nigeria and I’m sure with time more companies will be here to manufacture goods on Nigerian soil. The significant takeaway from this event is massive and I think will help grow the cosmetics market in the country.

“By 2026, the beauty market will be worth a huge amount of money that will charge entrepreneurship. Despite the economic hardship, we won’t relent and we’re glad top government officials from different countries are here to appreciate this show and find out what the beauty market has in store. It’s also a business to business platform which will help in cementing partnership. Chamber of commerce from Cameroon, Gambia, Benin and others are here for good and I think with time more investors will come and we’ll all get there,” he opined.

In his remarks, the Exhibition Manager, Ken Baber urged investors to consider setting up their companies in Nigeria, which remains the hub of Africa’s economy.

He said: ” This event is also about encouraging manufacturers and Nigerians that this show is the hub of the exhibition. We’re happy coming together, the market is growing so much and there is a lot of potential in the country. There’s a reason for choosing Nigeria. The market is growing very well and it will give manufacturers encouragement to do more. We have over three hundred and fifty companies and over five thousand exhibitors and I’m sure next year will be bigger than this. This is the message we want to pass out to Nigerians. We want the world to know we’re here for Nigerians and I believe we can both achieve amazing things.”