Nigeria is the second largest investor in food and packaging technology in Africa with 390 million Euro, according to the Germany Machinery Association.
Managing Director, Fairtrade Messe, Mr Paul Maerz who stated this at a virtual event, noted that the country’s food production has also grown by 41 per cent from 26 billion euro in 2016 to 36 billion euro in 2020 and expected to rise by 48 per cent by 2024, quoting Euro Monitor.
He said: “With 390 million euro in 2020, Nigeria is the second largest investor in food and packaging technology in Africa, just behind Egypt, but well ahead of South Africa, Algeria, Morocco and other African countries…
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