HomeBusinessNigeria’s food service industry could unlock non-oil exports, tourism revenue – Experts

Nigeria’s food service industry could unlock non-oil exports, tourism revenue – Experts

Nigeria’s bustling food service industry could kindle the country’s food tourism sector and generate non-oil export revenue if treated less as a local consumer market and more of a global business asset, stakeholders have said.

At the induction of the Association of Professional Food Service Providers of Nigeria (APFSPN) in Lagos on Wednesday, discussions leaned towards Nigeria’s culinary rich heritage, trumpeting its potential for cultural export.

“Food is never just food…Food is also business, Food is soft power, and economic opportunity,” said Lai Mohammed, former minister of information and culture in his keynote address.

“Countries have turned local dishes into global cultural symbols and turned culinary experiences into tourism products that attract visitors to meet jobs and generate value across society,” he explained.

The Nigerian foodservice market size is expected to grow from $11 billion in 2025 to $12.37 billion in 2026, according to Modor Intelligence, a market intelligence firm.

This post was originally published on this site.

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