{"id":9887,"date":"2026-03-29T13:47:53","date_gmt":"2026-03-29T13:47:53","guid":{"rendered":"https:\/\/peoplesforumonline.com.ng\/about\/?p=9887"},"modified":"2026-03-29T13:47:53","modified_gmt":"2026-03-29T13:47:53","slug":"agrofood-nigeria-2026-showcases-e222bn-food-market-potential-urges-value-chain-transformation","status":"publish","type":"post","link":"https:\/\/peoplesforumonline.com.ng\/about\/2026\/03\/29\/agrofood-nigeria-2026-showcases-e222bn-food-market-potential-urges-value-chain-transformation\/","title":{"rendered":"Agrofood Nigeria 2026 Showcases \u20ac222bn Food Market Potential, Urges Value Chain Transformation"},"content":{"rendered":"<p>The 11th edition of Agrofood Nigeria has once again brought together companies, innovators, and key decision-makers from Nigeria and across the globe to chart solutions aimed at strengthening value chains, boosting productivity, and advancing the country\u2019s dynamic agrofood industries.<\/p>\n<p>This year\u2019s edition, organised by Fairtrade Messe in conjunction with its local partner, Modion Communications, covered exhibition sectors including agriculture, food and beverage technology, food ingredients, packaging, and food &#038; hospitality. <\/p>\n<p>A total of 137 exhibitors participated in the three-day event.<\/p>\n<p>Speaking at the 2026 Agrofood &#038; Plastprintpack Nigeria exhibition and conference held in Lagos on tuesday, eminent personalities \u2014 including Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, represented by the Commissioner for Agriculture and Food Systems, Ms. Ruth Abiola Olusanya; First Lady of Akwa Ibom State, H.E. Helen Eno-Obareki; Managing Director of Fairtrade Messe, Paul Marz; Managing Director of Financial Derivatives Company Ltd, Bismarck Rewane; representative of the Oyo State Government, Chief Debo Akande; Ambassador of the Kingdom of the Netherlands, H.E. Bengt van Loosdrecht; President of the Manufacturers\u2019 Association of Nigeria (MAN), Otunba Francis Meshioye; and the representative of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Engr. (Dr.) Jani Ibrahim \u2014 emphasised Nigeria\u2019s position as a key agro-allied nation with vast potential.<\/p>\n<p>Addressing the theme of this year\u2019s conference, \u201cAchieving World-Class Food Security in Nigeria,\u201d stakeholders described it as timely and imperative, noting that it reflects the structural realities of the economy and the urgent need to reposition agriculture from subsistence to a catalyst for industrial transformation, trade expansion, and inclusive economic growth.<\/p>\n<p>They projected that Nigeria\u2019s food market would reach approximately \u20ac222 billion by 2026, with strong annual growth expected in the coming years.<\/p>\n<p>In his keynote address, Governor Sanwo-Olu said Lagos remains not only Nigeria\u2019s commercial capital but also Africa\u2019s largest single food consumption market. He noted that the state\u2019s food economy has more than doubled in six years, rising from \u20a66.5 trillion in 2019 to over \u20a616 trillion, adding that Lagos alone consumes more than half of all food traded across the South-West.<\/p>\n<p>He further stated that as a state contributing about 22 per cent of Nigeria\u2019s GDP, with its economy projected to approach \u20a666 trillion this year, Lagos serves as the natural gateway and most structured market for investors in agro-processing, cold chain, packaging, and food technology.<br \/>\nManaging Director of Financial Derivatives Company Ltd, Bismarck Rewane, warned about the adverse effects of the Middle East conflict on Nigeria\u2019s agricultural sector, urging Nigerians to brace for possible food price pressures arising from global economic disruptions.<br \/>\nThe President of the Organisation for Technology Advancement of Cold Chain in West Africa (OTACCWA), Mr. Alexander Isong, lamented the limited penetration of cold chain infrastructure in Nigeria. <\/p>\n<p>He noted that post-harvest losses remain a major challenge, revealing that Nigeria lost between \u20a63.5 trillion and \u20a65 trillion \u2014 equivalent to 30 to 40 million metric tonnes of food \u2014 last year due to poor storage and weak logistics. He added that over 97 per cent of Nigeria\u2019s agricultural exports still leave the country unprocessed.<\/p>\n<p>The MAN President highlighted that global hunger remains high, citing United Nations World Food Programme data showing that about 733 million people faced hunger in 2023, with Africa experiencing the most severe impact.<\/p>\n<p>The NACCIMA National President reaffirmed that achieving world-class food security in Nigeria is achievable but requires deliberate policies, sustained investment, and collective commitment to transforming agriculture into a globally competitive, value-driven sector.<\/p>\n<p>The 11th edition hosted exhibitors from four continents and fifteen countries, including Austria, Belgium, China, Denmark, France, Germany, India, Malaysia, the Netherlands, Nigeria, Poland, South Africa, the United Arab Emirates, the United Kingdom, and the United States of America.b<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 11th edition of Agrofood Nigeria has once again brought together companies, innovators, and key decision-makers from Nigeria and across the globe to chart solutions aimed at strengthening value chains, boosting productivity, and advancing the country\u2019s dynamic agrofood industries. This year\u2019s edition, organised by Fairtrade Messe in conjunction with its local partner, Modion Communications, covered [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/9887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/comments?post=9887"}],"version-history":[{"count":1,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/9887\/revisions"}],"predecessor-version":[{"id":9889,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/9887\/revisions\/9889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media\/9888"}],"wp:attachment":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media?parent=9887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/categories?post=9887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/tags?post=9887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}