In a dynamic discussion at the 4th International Furniture, Home Textile, and Household Exhibition tagged Nigeria DecorExpo 2024, Honourable Shina Peller, along with other key stakeholders, have shared pivotal insights on how the Federal Government (FG) can nurture the growth of Nigeria’s furniture industry.
This event brought together key stakeholders from the furniture and textile sectors, each contributing to a larger conversation about innovation, policy, and collaboration in these vital industries.
Speaking on the first day of the three-day event holding at Landmark Centre, Victoria Island, Lagos, Peller emphasized that effective policy-making plays a crucial role in driving growth in the furniture and textile sectors. “Policies must be crafted to support local manufacturers, attract investments, and ensure fair competition,” he stated.
His remarks reflect a growing consensus among industry leaders that the government needs to create an environment conducive to business.
Peller praised the previous administration’s decision to restrict the importation of furniture and textile products as a positive move towards fostering local production. He added that the policy not only protected local manufacturers but also encouraged new entrants into the market, which he said is essential for stimulating economic growth.
Dr. Daniel Deji Ayodele, co-host of the event and founder of the Mindshift Empowerment and Employment Initiative (MEEI Programme), echoed Peller’s sentiments by urging business owners to focus on sustainability and community empowerment. He highlighted Nigeria’s vast potential, pointing out that the country is brimming with talent and resilience.
“I’ve always believed in the power of global partnerships,” Ayodele noted, adding that by merging Nigerian innovation with Turkish craftsmanship, stakeholders can create unique products that resonate locally and internationally.
Ayodele’s call for businesses to build bridges rather than just brands is pivotal for creating a thriving furniture industry that benefits all parties involved.
Also, the conversation around collaboration was further enriched by Martins Arebun, President of the MEEI Program. He pointed out the necessity for enhanced collaboration between Türkiye and Africa. As the exhibition serves as a platform for bilateral trade relationships, Arebun stressed the importance of innovation and cooperation in the furniture and textile sectors.
“Let’s make this event not just an exhibition, but a movement that transforms the furniture industry,” he asserted. This focus on partnership could lead to more comprehensive market strategies and improved supply chains, ultimately benefiting the economies of both nations.
The furniture and textile industries represent significant portions of Nigeria’s economy, contributing substantially to GDP and providing countless jobs. By harnessing their potential, stakeholders have the opportunity to enhance exports and broaden their market reach.
Also speaking at the event, Gabriel Idahosa, President of the Lagos Chamber of Commerce and Industry, emphasized that investing in these sectors will yield long-term benefits for the nation’s economy.
This three-day event not only showcases the latest innovations but also underscores the economic significance of these industries and the collaborative efforts needed to propel them forward.
Also speaking, the Decor Expo Exhibition Director, Mohammed Ali Aras, noted that the insights shared during Nigeria DecorExpo 2024 serve as a blueprint for transformative action within the furniture industry.
As the event continues today and tomorrow, and as stakeholders continue to collaborate and innovate, the vision of a robust and sustainable furniture industry in Nigeria inches closer to reality.
