Financial Energy Review
Africa’s contribution to the global GDP currently stands at a modest 3 percent, with the continent contributing just 2 percent to the world’s manufacturing value-added, according to the UNIDO 2024 report. Resource-rich nations dependent on commodity exports capture only about 30 percent of their resource value. However, experts are hopeful that a strategic pivot towards product valorisation and export could yield returns over 10 times the original value.
Recognizing the need for transformation, West African Heads of State have prioritized industrialisation as a key economic strategy to elevate the region’s socioeconomic status. This commitment sets the stage for the inaugural West Africa Industrialisation, Manufacturing & Trade (West Africa IMT) Summit & Exhibition, scheduled for 27-29 May 2025 at the Landmark Centre in Lagos, Nigeria.
Themed “Accelerating West Africa’s Sustainable Industrial Revolution for Economic Prosperity,” the summit will gather 2,500 leaders from across industries worldwide. According to the event organizers, dmg Nigeria events, the summit will be an avenue for discussing innovative ways to leverage Africa’s abundant resources alongside advanced technological solutions from developed nations.
The event aims to attract a wide array of stakeholders, including governments, manufacturers, energy producers, and technology providers. The goal is to forge partnerships that will catalyze the region’s industrialisation efforts and unlock economic prosperity.
“We look forward to personally welcoming you to this landmark event, which promises to shape the future of industrialisation in West Africa.” said Wemimo Oyelana, Portfolio Director-Africa, who is thesummit organizer.
