DMG Occasions has referred to as for an accelerated industrial revolution in West Africa geared toward selling the financial prosperity of the nations within the sub-region.Forward of its West Africa Industrialisation, Manufacturing and Commerce (West Africa – IMT) exhibition, Nation Director, Nigeria and Portfolio Director, Africa, DMG occasions, Wemimo Oyelana, acknowledged that industrialisation was crucial, on condition that the United Nations Industrial Improvement Organisation (UNIDO) had outlined Africa’s contribution to the worldwide Gross Home Product (GDP) in 2024 which stood at three per cent, contributing solely two per cent to the world’s manufacturing worth.
In a press release, she famous that worldwide traders proceed to assessment alternatives inside the area and over the past 12 months, the Ghanaian authorities signed a landmark $12 billion settlement with the TCP-UIC Consortium for the event of the Petroleum Hub Venture, that includes three refineries and 5 petrochemical crops.
“ENI pledged $10 billion to develop the Baleine subject offshore Côte d’Ivoire. In June 2024, our authorities secured a $3 billion facility from Afreximbank to construct an industrial park and spend money on gentle manufacturing. The African Improvement Financial institution Group authorized a $75 million mortgage to assist the implementation of the Useful resource Mobilisation and Industrial Improvement Help Programme (PAMRDI-I) in Senegal,” she mentioned.
West Africa – IMT Summit and Exhibition, scheduled to happen in Lagos from Might 27 to 29 2025 with the theme; “Accelerating West Africa’s Sustainable Industrial Revolution for Financial Prosperity,” will deliver collectively market leaders from across the globe to spark progressive discourse on creating partnerships to leverage assets endowments of African nations and the technological options of the developed nations.
“By fostering the discourse that’s vital to creating the industrialisation and commerce methods for the area, and bringing firms collectively to drive enterprise improvement efforts, West Africa IMT shall be on the coronary heart of supporting regional and worldwide authorities and personal sector stakeholders to spearhead a sustainable industrial revolution,” Oyelana acknowledged.
She added that the summit aligns with the federal government and personal sector gamers’ agenda, and devises options to boundaries inhibiting the event of industries whereas showcasing the alternatives for regional and worldwide collaboration and commerce.
