Cosmetic, hygiene industry worth N11trn

Jude Chime, project coordinator of an international expo firm ELAN, has said the beauty, hygiene and cosmetic sub-sector of the Nigerian economy account for N11trillion of the gross domestic product of the country.

Chime disclosed this at a press conference to announce a forthcoming cosmetic expo that will begin from November 9.

He said for the first in Nigeria, a-four-in-one exhibition will be held in several sectors of the economy, such as beauty, hygiene and cosmetic industries.

He said as a result of the huge numbers of small and medium scale enterprises (SMES) in the beauty sector, the exhibition will offer a robust cross fertilisation of ideas and bring together globally competitive manufacturers.

Chine said there will be exposure to new skills among the players in the sector, adding that 80 manufacturers from 20 countries have confirmed their participation in the expo. He said expos will be done on agriculture, construction, furniture and textile, adding that they will support government’s diversification plan and boost the economy. He said attention will be paid on sectors that have been neglected by the government as a result of wrong policies, stressing that the agriculture sector will host exclusive exhibitors and showcase a wide choice of food processing, packaging machinery, beverage technology, packaging system and products.

“The agro food expo will help stakeholders analyse latest trends in food and agriculture technologies sector. The same goes for the international furniture, home textile and hard wares. Others include the construction sector, which has witnessed growth in the last 20 years and capacity to grow more in the first quarter of 2017,” he said.

On the exhibitors, Chime said the nationals of the United Arab Emirate (U.A. E), China, Oman, Thailand, South Africa, Kuwait, Portugal and Turkey, have indicated their interest to participate, while others will be coming from the European Union (EU).

He said though this is the first time ELAN will hold an expo in Nigeria, the company has a track record of holding at least 30 exhibitions yearly across the globe, covering several sectors.

ODINAKA ANUDU