According to New Statistics, the Nigerian food market will reach $233.53 billion by 2025, with annual growth expected from 2025 to 2030.
This projection was revealed by Paul Marz, managing director of Fair Trade, during the opening of the 10th German Agrofood and Plastoprint Pack exhibition at the Landmark Centre in Lagos.
On behalf of the Fair Trade team, Marz welcomed exhibitors, visitors and senior officials at Nigeria’s international trade exhibition and conference on agrofood, plastics, printing and packaging.
“The 2025 edition marks an important milestone as we celebrate the 10th anniversary of this pivotal industry gathering. Over the past decade, the event has been the basis for innovation, collaboration and growth in the Nigerian agrofood and plastprint pack field,” he said.
Strategic investment in Nigerian agrofood and packaging
Marz highlighted the rise in investments in Nigeria in agrofood and packaging technology, saying that in 2023, food and packaging technology investments reached £304 million. He said Nigeria ranks as the second largest investor in the sector, tracking only South Africa (£398 million).
The exhibition featured over 100 major exhibitors from 12 countries, including China, Finland, France, Germany, India, Italy, Lithuania, Netherlands, Nigeria, Poland, South Africa and Turkey, showing tailored products and solutions for the Nigerian market.
Germany’s commitment to strengthening business relations
Sign up for the AllAfrica newsletter for free
Get the latest African news
success!
Almost finished…
You need to check your email address.
Follow the instructions in the email you sent to complete the process.
error!
There was a problem processing the submission. Please try again later.
The event’s honorary guest, Germany, introduced its expertise in agrofood and plastprint packs and expressed its commitment to foster new business relationships and cultural exchanges.
Weert Börner, German Consul General in Lagos, highlighted the sustainable economic partnership between Nigeria and Germany, and highlighted Germany’s strong presence at the event.
Meanwhile, the Polish company on display at the event exhibited sophisticated agriculture. Representative Sandra Risicka expressed optimism about the possibility of unlocking new opportunities for trade exhibitions and building lasting business connections.
Food Security’s Top Priority – Minister of Agriculture
Speaking at the event, Sen. Abubakar Kiari, Minister of Agriculture and Food Security, on behalf of Mrs. Omorala Ogunnui, reiterated that food security remains a top priority for Nigeria.
“In our pursuit of sustainable development, we gather at a critical time on our collective journey to achieve the foundations of food security, economic stability and social well-being.”
Kyari highlighted the need for joint efforts to promote growth in the agricultural sector and combat nutrition and climate-related challenges.
The 10th German Agrofood and Plast Print Pack exhibition, concluded on Thursday, marked a decade of innovation and international collaboration in the Nigerian agrofood and packaging industry.