An international trade fair organisation, TG Expo, is set to host a machinery, metal and steel exhibition in Nigeria that will showcase the potential and investment opportunities in the sector.
A statement by the organisers on Thursday said that the three-day event taking place in Lagos later this month would bring together government officials, industry professionals, manufacturers, exporters, suppliers, machinery experts, equipment professionals across the country.
The Business Development Manager, TG Expo, Nihan Karamanli, said Nigeria, with its population of about 186 million remained the trade gateway of Africa where the vast opportunities in the machinery, metal and steel industry should be exploited for foreign exchange.
He noted that Nigeria had become one of the major importers of machinery, metal and steel products, adding that manufacturers and other stakeholders in the industry would use the opportunity of the exhibition to penetrate their target markets as well as explore global trends in the emerging new markets.
He said, “The TG Expo Group supports export companies to grow their attempts and business development process, which contribute to national and international economy. The expo has since inception provided an opportunity for more than 1,000 export companies to penetrate their target markets.
“TG Expo was founded in 2008 with ‘Think Global’ insight. The company brings together leading exporters with their target markets to do business. It enables exporter companies to communicate, do business and experience new markets.”
Apart from Nigeria, the group said it had organised exhibitions in France, the United Kingdom, USA, Australia, India, Brazil, the United Arab Emirates, Kuwait, Qatar, Saudi Arabia, Iran, Egypt and South Africa.
“Base metals and metal products will be showcased at the exhibition as they are mainly used by oil and construction industry, where both the Nigerian government and private sector are heavily investing in. A report of the Central Bank of Nigeria shows that Nigeria currently imports steel, aluminium products and associated derivatives of approximately 25 metric tonnes per annum from advanced countries estimated at $4.5bn,” it stated.
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