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2017: Elan expo attracts $500bn investment into Nigeria

By Providence Obuh

THERE are indications that the just concluded 4-in-1 fair Organised by Elan Expo, an international expo firm would facilitate the inflow of $500 billion worth of investment into the country by first quarter of 2017.

The maiden edition of the fair attracted over 60 companies from 12 countries who came to explore investment opportunities in Nigeria’s food and agro; cosmetics; furniture and construction industry.

Fielding questions from press men in Lagos, Project Coordinator, Nigeria 4-in-one, Elan Expo, Mr. Jude Chime, said that Nigeria has the competitive and comparative advantage to drive economic growth deploying effective use of the nation’s non-oil sector, maintaining that the fair is coming on the heels of the federal government’s quest to achieve economic diversification.

“This is the first time we are having a four in one exhibition in Nigeria and they are mostly on the sectors that the present administration is interested in to drive economic growth. We are having this fair to open up investment opportunities in the construction sector, food and agro, cosmetics and furniture. It has been wonderful where those in the business community have really turned up where a whole lot of businesses are going on as we speak. We expect a whole lot of investment coming into the country probably by first quarter of 2017,” he said.

“With this fair, we should have a whole lot of investors coming into Nigeria next year to establish their companies and also have representatives which would go a long way in reducing the unemployment situation in the country. Over $500 billion worth of investment is expected to come into this country courtesy of this fair. We have about 60 companies from 12 countries all over the world where one of the companies alone is worth more than a billion dollars,” he said.

Also speaking, International Sales Coordinator, Elan Expo, Ms. Elif Akkoc, added that the fair was open to public and professional visitors, saying that investment deals on the four sectors can be achieved with the fair.

Akkoc said, “Our expectation is to receive the public and professionals in order to showcase investment opportunities in these sectors. Nigeria is a country with a huge potential and a large population where we can help bring in some of the manufacturing technologies the country do not have in order to boost the real sector of the economy.”

 


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