Nigeria has emerged as the second-largest investor in plastics technology in Africa with €143 million pumped into the industry in 2022, a report from the Mechanical Engineering Industry Association (VDMA), has revealed.
The report added that investments in food and packaging technology have risen significantly in the last few years, amounting to €363m last year. Nigeria now stands as Africa’s second-largest investor, trailing only South Africa with €381m and leading Egypt with €319m. Nigeria also leads in packaging technology investments in Africa, with €183 million in 2022, surpassing South Africa (€175) million and Egypt (€162 million).
The Guardian
