DMG seeks speedy industrial revolution in West Africa

A leading organiser of face-to-face events and a publisher of trade magazines, DMG Events, has emphasised the need to accelerate industrialisation in West Africa, highlighting its importance for the economic prosperity of Nigeria, Ghana, Benin, and others.

The organiation in a statement noted that industrialisation was crucial, citing United Nations Industrial Development Organisation’s report, that Africa’s contribution to global GDP in 2024 was just 3 per cent, with only 2 per cent in global manufacturing value.

The firm, which noted that the West Africa Industrialisation, Manufacturing & Trade (West Africa – IMT) Summit and Exhibition scheduled to take place in Lagos, Nigeria from 27 – 29 May 2025, added that it would trigger a shift towards product valorisation and export to generate returns exceeding 10 times the original value.

It stated, “With abundant natural resources, a young workforce, renewable energy potential, arable land, a growing middle-class consumer market, and a cost-competitive labour force, Africa has many of the key ingredients for industrial success. However, the region continues to grapple with the impact of climate change on agriculture, geopolitical tensions driving up energy and food prices and political uncertainties.

“Through effective reforms and the right policy measures, nations within the region are set to attract investors and create an enabling environment for business to thrive.

The potential utilisation of advanced technologies for cleaner energy systems and green industrialisation could see African nations leapfrogging for a more rapid and efficient industrial revolution.

“The West Africa Industrialisation, Manufacturing & Trade (West Africa -IMT) Summit and Exhibition are a landmark initiative dedicated to unlocking West Africa’s full industrial potential.

“By fostering the discourse that is critical to developing the industrialisation and trade strategies for the region, and bringing companies together to drive business development efforts, West Africa IMT will be at the heart of supporting regional and international government and private sector stakeholders to spearhead a sustainable industrial revolution.”