By Crusoe Osagie
Over 80 firms across all sectors of the global economy are billed to showcase the latest of their products to visitors at the Nigeria Investment, Manufacturing and Machinery Expo scheduled to hold in Abuja.
Disclosing this at a media briefing, Chairman of the Organising Committee of the event, Mr. Ifeanyichukwu Agwu, announced that these companies are coming from America, Asia, Europe and Africa.
“These companies and agencies cut across: Ministries, Agencies and Parastatals of both the Federal and State governments in Nigeria and companies from abroad as well as Financial Institutions, International, Regional and National Housing, Construction, Building Corporations; Local, National, Regional and International Development & Finance Agencies, Embassies, etc , he explained.
According to Agwu, who is also the Managing Director of BKG Exhibitions Limited, the company that is co-organising the event with Senexpo International Fairs Inc. of Istanbul, Turkey; “in partnering with one of the leading Firm in Exposition and Fairs organisation in the world Senexpo, we intend to use this event to reinforce Nigeria’s rising position as the honey pot for investment in the world.
‘Reports by International Business and Financial Institutions studies cum analyses show that Nigeria is one of the most profitable countries to invest in. the successes so far achieved through democratic governance as well as government’s economic reform programmes have given greater boost to the confidence of both local and foreign investors in the success of Nigeria’s economic growth and development.
Continuing, the Organising Committee Chair said, “MAFPEX is uniquely designed to enhance in the attracting of more investment into the Nigerian economy with greater emphasis on the manufacturing sector; which is a key catalyst to economic development; hence the theme of this edition: ‘Manufacturing; The Bedrock of Economic Prosperity.’ In boosting the drive, the Expo is promoting products and services in the machinery, agriculture, food and packaging sub-sectors in order to driving in more investments to energise manufacturing activities; boost the setting up of cottage industries and other small scale businesses.
He called on the federal government to step up infrastructural provision especially electric power to help in jumpstarting other sectors of the economy, stressing that security was not the key problem confronting the nation now but power.
“Our aim is to bring in investors into different sectors of the economy. With government support, cheap labour that is abundant in Nigeria, cheaper energy and more cost effective business environment, why won’t the foreign companies choose to produce in Nigeria; thereby creating employment and improving the living standard of the people”, he added.
Product and services lines at the Expo will come from major operators from Nigeria and overseas in the following: Agriculture and allied sectors, Consolidated Groups such as Multinationals and Conglomerates; Oil and Gas Companies; Automotive Business, Logistics, Haulage; Financial Institutions; Manufacturing; Machinery; Food Packaging; Packaging; Mining and Solid Minerals; Power and Energy, Hospitality and Allied sectors; the Three tiers of government, their agencies, ministries and departments and; others. MAFPEX holds from November 26-29 at the International Conference Centre, Abuja.