Nigeria to attract $ 150 billion investment from Halal trade show –

The Abuja Chamber of Commerce and Industry (ACCI) said Nigeria is expected to attract more than $ 150 billion in investment from the Halal Trade Show.

This was revealed by ACCI President Dr Al-Mujtaba Abubakar during a virtual press conference to announce the exhibition scheduled for September 14-16, 2021 at the Abuja Trade and Convention Center, Abuja.

He said the exhibition would also attract more than $ 150 billion in investment from Middle Eastern countries to Nigeria.

According to him, the halal trade is worth more than $ 4 trillion, claiming that Nigeria currently trades around $ 50 billion in the halal industry.

He explained that the investment would target Nigeria’s cosmetics, pharmaceutical and tourism sectors, adding that the exhibition would also serve as a launching pad to attract new businesses to Nigeria and Africa as a whole.

“We have been working on the exhibit for the past four months as the plans are underway as we are giving everything we need to make the exhibit successful.”

He further pointed out that the Halal activity also covers all the assets of trade, banking, production that Nigerian companies can take advantage of to set up new businesses.

“The event, which is jointly organized by the Abuja Trade Center (ATC), has so far attracted interest from different countries in Africa and the Middle East.

“We are already in contact with so many organizations in Taiwan, Malaysia, Jordan, Morocco and Algeria. In the future, we will organize this exhibition every year and we will be supported in our activities. “

Abuja Trade Center (ATC) Executive Director Jude Chime said that many foreign companies in the Middle East are looking for ways to enter the Nigerian market not only to import their products but also to expand their businesses. manufacturing in the country. .

“We will sign a Memorandum of Understanding (MoU) to expand the borders of trade in the halal industry. We target the tourism, pharmaceutical and cosmetics industry. Nigeria will benefit a lot from this exposure in terms of investment. “

He said that Nigerian companies’ $ 50 billion trade was primarily in the food and beverage industry, calling on Nigerian companies to take advantage of the opportunities offered by the platform.

“The exhibition would also give Nigerian exporters the opportunity to break even in Middle Eastern markets through Halal certification.”

“The MoU would go a long way to increasing the level of acceptability of Nigerian products. “

“Most importantly, the products must have Halal certification. It’s a very nice platform to help promote exports, especially for our exporters and manufacturers, ”he said.

Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) First Vice President Dele Oye said the Halal Expo aims to promote trade and investment by holding account of religion to reach a wider market.

He urged members of the business community to take advantage of the opportunity while reaffirming NACCIMA’s commitment to support the exhibition.

The current chairman of the Halal Certification Authority, Dr Ibrahim Oreagba, said the halal fair aims to promote authorized and healthy products for food safety and quality.

“We are excited about this show as it will promote Halal certified products and it is important that we understand the concept of Halal which means authorized. It just means that you participate in Allah’s activities of eating clean things to promote good health.

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