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    Nigerian beauty industry to reach $5.28 billion by 2026

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    Jamie Hill is the Managing Director, BtoB Events Limited, the organiser’s of Beauty West Africa exhibition and conference. In this interview, he spoke on the exhibition starting today and what Nigeria stands to gain.

     

    What is the Beauty West Africa exhibition all about, how can our readers learn more?

    Beauty West Africa is an exhibition and conference that caters for all professionals within the beauty and cosmetics industry. The event launched in 2018 and is now one of Africa’s largest exhibitions for the beauty industry, hosting over 5,000 beauty professionals and 250 companies from around the world, who are exhibiting their products in make-up, hair care, skincare, toiletries, spa equipment and nail care.

    This year is our biggest edition ever, with more exhibitors and visitor registrations than before. Significantly, this year, we have government backed pavilions from places such as South Africa, Egypt, China and Pakistan, who are bringing official delegations of beauty manufacturers to Nigeria for the exhibition. Such is the importance of the Nigerian market to the global beauty industry.

    Significantly, this is the first time our Chinese exhibitors will be participating after the pandemic. Chinese beauty products have always been very popular with our audience, and we have received favourable feedback from our local partners in this regard.

     

    With over 250 companies participating, what does Nigeria stands to gain?

    We have over 50 companies from Nigeria showcasing their products at the event. Furthermore, we have been working closely with partners from across West Africa, such as Ghana, Cameroon, Benin and Gambia that are bringing delegations to the exhibition. This will provide opportunities for Nigerian companies to find new international buyers and expand their exporting capabilities and global exposure.

    Given the current challenges facing the naira, the importance of exporting ‘Made in Nigeria’ brands cannot be understated as a valuable source of foreign currency and positive contributing factor to the Gross Domestic Product (GDP) of the country. Furthermore, the stress on the naira, at present, also creates a requirement for local importers to source new, more cost-effective products to import and sell in the domestic market that are affordable to consumers.

    Indirectly, large scale global exhibitions like this also bring significant amounts of foreign currency to the local economy through tourism, hospitality and logistics such as local hotels, transportation, exhibition fees, and dining. We will be bringing in over 1,000 international guests to Lagos within a week, which will have significant positive impact on local businesses.

    What are the benefits of the exhibition for those attending?
    This is once-a-year opportunity for beauty professionals to see, test, experience and sample beauty and cosmetics products from every corner of the world.

    All of our exhibiting companies are investing a lot of time and money to come to Nigeria, as they want to meet new business partners to represent them. So, it is a huge opportunity for local beauty professionals to get new suppliers, buyers and business partners that will enable them to take their business to the next level.

    Beside this, we are partnering with founder of Beauty in Lagos, Ezinne Alfa, to put together this year’s conference. The conference complements the trade element of the exhibition with knowledge sharing and best practices.

    It is a unique opportunity for attendees to learn from experts from the industry such as CEO of Blot Beauty, Olufunke Tonye-Preghafi and CEO of Glam Brand Agency, Bola Balogun, in intimate fireside chats about how they grew to become leaders in the industry.

     

    What products and companies can visitors expect to see at the show?

    We have companies from across the entire African continent, Europe, Asia, the Middle East and the USA, all showcasing their latest product lines in the fields of hair care, make-up, skincare, cosmetics, perfumes and fragrances, personal care and toiletries and more…

    The Nigerian Small and Medium Enterprises (SME) zone will also be back and bigger than ever presenting smaller, independent brands from Nigeria, who wants to rub shoulders with the global leaders. The SME zone also provides opportunities for visitors to pick up a few bargains onsite and sample some of the best products that Nigerian companies have to offer at discounted prices.

     

    Would you say beauty companies in Nigeria are measuring up to their contemporary across the globe?

    The Nigerian beauty industry is expected to reach $5.28 billion by 2026, from $4.2bn in 2021. There is a huge market here, which is growing across the globe. Nigeria has a wealth of natural resources and a huge talent pool, which is the envy of the African continent. It is great to see more brands from Nigeria gaining recognition across the globe.

    There is still a long way to go, in terms of reaching international standards at scale. Some key issues that need addressing remain – access to the importation of raw materials to scale up local manufacturing and quality of packaging. We hope that the educational content provided at the Beauty West Africa conference will offer important insight into how to address some of the issues that hold the ‘Made in Nigeria’ beauty and cosmetics industry from reaching its full potential on an international scale.

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    Opinion

    Ondo monarch calls for tourism investment to boost Nigerian economy

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    Tourism Investment in Nigeria

    Adeleke Adegbite-Adedoyin, Owa Ale of Ikareland, urges Nigerian leaders to prioritise tourism investment for economic growth and cultural preservation.

     

     

    The Owa Ale of Ikareland, Adeleke Adegbite-Adedoyin, has called on Nigerian government leaders to strengthen the country’s tourism sector, highlighting its potential to drive economic growth.

    Addressing attendees at the 2024 Olokemeji Tako-Tabo Festival in Ikare, Ondo State, he urged federal, state, and local governments to promote tourism as a sustainable source of employment and revenue generation.

     

    Also read: Ondo Governor celebrates Ulefunta festival to drive economic growth

     

    Speaking at the annual festival, which drew visitors from within Nigeria and abroad, the monarch underscored the economic and cultural benefits of tourism, describing festivals as vital for fostering local pride and identity.

    “Our culture is our pride. Government support in tourism investment would not only generate revenue and employment but also enhance our economy,” he remarked.

    The Olokemeji Tako-Tabo Hill, the festival’s focus, holds cultural and historical significance as a symbol of resilience and protection for the Ikare people, dating back to times of inter-tribal conflict.

    The monarch lamented that Nigeria often overlooks its heritage in favour of Western influences, stressing that cultural preservation is essential for national identity.

    Highlighting the growing interest in Yoruba cultural festivals, he praised the community’s dedication to revitalising local heritage, which he said was evident in the large turnout and enthusiasm at this year’s festival.

    A tourist, Peter Ijigbo, also spoke passionately about the cultural importance of such festivals. “Despite my faith as a Christian, this is our heritage, and we cannot turn our backs on it.

    I visited last year, and this festival has always been a spiritual and cultural sanctuary for us,” he said.

    The Olokemeji Tako-Tabo Festival and similar events in Nigeria offer promising avenues for both economic growth and cultural preservation.

    With strategic investments and support, Nigeria’s tourism sector could serve as a significant pillar of the national economy, providing jobs, fostering community engagement, and celebrating the country’s diverse cultural heritage.

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    Opinion

    Stakeholders urge sustainable tourism plans for Nigeria

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    Sustainable tourism in Nigeria

    At a World Tourism Day event in Abuja, stakeholders called for sustainable tourism plans to protect Nigeria’s natural and cultural resources, support local economies, and enhance visitor experiences. They stressed the importance of clean environments, such as Jabi Lake, to boost tourism and create economic opportunities, while minimising environmental harm.

     

    Stakeholders in Nigeria have emphasised the need for sustainable tourism strategies to protect the country’s natural and cultural resources, boost local economies, and improve visitor experiences.

    This call came during a press briefing held to commemorate World Tourism Day in Abuja, following a clean-up exercise at Jabi Lake.

     

    Also read: Nigeria eyes N12.3 trillion tourism gains by 2032, 2.6 million jobs expected

     

    The event was organised by the Eco Club, in collaboration with Jabi Boat Club, Jabi Mall, and Jabi Park.

    World Tourism Day, observed annually on 27 September, highlights the significance of tourism and its social, cultural, political, and economic value.

    The theme for 2024, *Tourism and Peace*, underscores the role of tourism in fostering global understanding and reconciliation.

    Speaking at the event, Aisha Yusuf, Creative Director of Hayche Network and Senior Special Adviser on Sustainable and Accessible Tourism to the Executive Director of Tourism Volunteer Network, advocated for sustainable solutions to maintain tourism in Nigeria.

    “We need to create awareness about sustainable tourism and take ownership of keeping our environment clean,” she stated, calling for both individual and government action to protect destinations like Jabi Lake.

    Omoefe Tawiyah, Managing Director of Platinum X Media and organiser of *Abuja I Believe*, highlighted the economic benefits of a clean and well-maintained Jabi Lake, noting its potential to attract significant tourism investments.

    He remarked, “If properly cleaned, Jabi Lake will become a key destination for tourists and boost the Federal Capital Territory’s economy.”

    Phil Roberts, Executive Director of Tourism Volunteers Network, urged for turning Abuja into a tourism hub. He highlighted the need to enhance infrastructure tourism, which complements natural beauty by developing facilities that attract and sustain tourists.

    “Abuja has numerous tourist sites, and Jabi Lake can become a major tourism destination with the right investment and infrastructure,” Roberts explained.

    The speakers agreed that preserving the environment is essential for sustainable tourism growth, which can contribute to job creation, economic development, and peacebuilding.

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    Opinion

    Nigeria’s 1,091 Tourist Sites Undergoing Revitalisation -Minister

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    Nigeria Tourism Gains by 2032

    Ms. Lola Ade -John, Minister of Tourism, has said that Nigeria has 1,091 tourist sites across the 36 States of the Federation, adding that many of these tourist sites are currently being revitalised.

    Ade-John, who stated this at a pre-summit webinar in preparation for the 30th Nigerian Economic Summit (NES#30), organised by the Tourism and Hospitality Industries Thematic Group (THITG) of the Tourism, Hospitality, Entertainment, Creatives, Culture, and Sports Industries Policy Commission (THECCSPC) of the Nigerian Economic Summit Group (NESG),

    highlighted the importance of domestic tourism to Nigeria’s future.

    She noted that these notable sites include Obudu, Ogbunike, Osun-Osogbo Grove, Kajuru Castle, and Yankari Games Reserve, which are improving in terms of historic architecture, wildlife conservation, and ecotourism efforts.

    She explained that the shifting of attention by the Federal Government to domestic tourism, would provide significant job opportunities for rural communities.

    She noted that in 2022, the tourism sector contributed 17.3 billion Naira to Nigeria’s Gross Domestic Product(GDP), compared to 7.5% of GDP in France.

    The minister further stated that Nigeria also hosts 814 festivals across 774 locations, offering rich cultural experiences.

    Ade-John underscored the need for investment in domestic tourism to revitalise communities, spur entrepreneurship, and generate revenue, noting that the sector currently supports 1.9 million jobs but has significant growth potential.

    In his welcome address, Mr. Udeme Ufot, Co-Chair of THECCSPC of NESG, emphasised that several factors have led Nigerians to favour domestic travel over international options since the COVID-19 pandemic.

    Ufot noted that safety and familiarity are key, as domestic destinations are perceived as safer due to better knowledge of local health and safety protocols.

    He stated that reduced international mobility due to travel restrictions and global conflicts have made local destinations more accessible and convenient, noting that economic considerations also play a role; including the pandemic and political instability which have affected livelihoods, making domestic travel a more affordable option.

    Ufot further expressed hope that the event would generate actionable recommendations to foster inclusive growth, potentially altering trade patterns, attracting investment and enhancing border stability across the continent.

    During the panelists session, Mr. Folorunsho Coker, Director General of the Nigerian Tourism Development Corporation (NTDC), spoke on the importance of public-private partnerships (PPP), community involvement, and sustainable funding models for promoting domestic tourism.

    He noted that domestic tourism is six times the size of international tourism and is essential for addressing employment issues.

    Mr. Obi Asika, Director General of the National Council for Arts and Culture (NCAC), discussed the role of media, arts, and culture in developing domestic tourism.

    He highlighted the need for collaboration between the public and private sectors to bridge capacity gaps and the importance of story-telling in attracting tourists.

    Ms. Sade Hughes, Managing Director of MIXTA Hospitality Limited, emphasised the impact of innovative real estate and distinctive tourism experiences in revitalising domestic tourism.

    She called for government investment in infrastructure and urged Nigerians to support local brands.

    Ms. Bolaji Mustapha, President of the Nigeria Association of Tour Operators (NATOP), stressed the need for government support in policy and infrastructure to develop Nigeria’s tourism sector.

    Ms. Adenike Macaulay, Chief Executive Officer of Wakanow, pointed out that the interconnection between music, art, and tourism and the importance of clearly defining tourism attractions to stimulate the economy.

    Ms. Omoyemi Akerele, Founder and Chief Executive Officer of Lagos Fashion Week and Style House Files, shared how they have redefined Nigeria’s tourism through fashion and enhanced Lagos nightlife, using fashion week as a tool for ecotourism.

    The theme of the webinar was “Domestic Tourism: A Powerful Tool for Rural Revitalisation and Economic Growth in Nigeria.”

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