In a bid to revitalize the Nigerian economy and promote Nigerian culture, there has been an increased patronage of Made-in-Nigeria bags. These bags, made from Ankara, aso-oke, or adire fabrics, are not only fashionable but also serve as a way to showcase Nigerian culture. The current economic hardship in Nigeria has led many households, especially women, to opt for these bags due to the high cost of foreign ones. The federal government has launched a campaign to promote the use of made-in-Nigeria products and services, with the aim of creating more jobs and boosting the economy. As a result, the prices of second-hand bags have also increased, making them unaffordable for the poor. This presents an opportunity for those interested in starting a business in the bag market. It is recommended to learn the intricacies of the trade through apprenticeship, and good locations for the business include markets such as Yaba, Balogun, and Idumota.
Backing local production with strong purchase is the only way to grow Nigeria’s economy, according to Nwabueze Buchi George, President of Globe Chambers of Commerce and Industry. He made this statement at an event in Abuja, Nigeria to promote the 'Buy Made in Nigeria Products' project. The project aims to bridge the gap between production and purchasing of made in Nigeria products, not only within Nigeria but also globally. Richard Pheelangwah, Permanent Secretary, Cabinet Affairs, Office of the Secretary to the Government of the Federation, emphasized that Made in Nigeria goods are of world standard and should be promoted globally. The Nigeria Economic Forum and Buy Nigeria Expo have been scheduled for Europe, Asia, and North America. Registration for all editions will be available on the official website. The European edition will be held in Lisbon, Portugal (May 26-27, 2024) and Valletta, Malta (May 23-24, 2024). The Asian edition will be held in Tokyo, Japan (June 3-5, 2024), Seoul, Korea (June 4-5, 2024), and Taipei, Taiwan (June 23-26, 2024). The North American edition will be held in Edmonton, Alberta, Canada (May 28-30, 2024), Vancouver, Canada (July 3-6, 2024), and Calgary (September 17-20, 2024).
In a recent statement, Biodun Ajiboye, CEO of the National Institute for Cultural Orientation (NICO), urged Nigerians to support locally made products as a means to address ongoing economic challenges. He emphasized the need to stimulate the local economy and reduce dependence on imports. Ajiboye highlighted an upcoming craft fiesta aimed at promoting local artisans, with six editions planned for 2025 across Nigeria's six geopolitical zones. The initiative will select 20 artisans from each of the 774 Local Government Areas to showcase their crafts, and it is supported by President Bola Tinubu's administration.
Seynabou Sarr, owner of a second-hand boutique in Senegal, is experiencing high demand for second-hand boubous, traditional robes worn during the Muslim festival of Tabaski. The festival puts pressure on families to spend on food and new clothes, and wearing the same outfit two years in a row is frowned upon. Sarr's boutique offers boubous made from luxury fabrics at a fraction of the price of new ones. Second-hand clothing is becoming more popular in Senegal due to its affordability. The success of second-hand clothing in Senegal is driven by financial motives rather than environmental concerns. Customers appreciate the affordability and quality of second-hand clothing, which can be altered and cleaned to look as good as new. The boutique owner, Seynabou Sarr, launched her business online in 2018 before opening the physical shop in 2022. She now has over 80,000 followers on social media.
Chief Executive Officer of Sooyah Bistro, Mrs Olamidun Ogundoyin, emphasizes the importance of dynamism, understanding the market, cost efficiency, consistency in offering quality, and creativity for business owners to survive in Nigeria's challenging economic climate. She advises business owners to adopt measures such as reducing prices, offering promotions, and providing affordable options to customers. Ogundoyin also encourages entrepreneurs to start small and gradually expand their businesses. The goal of Sooyah Bistro, which offers a twist on traditional Suya cuisine, is to expand nationally and internationally, becoming a globally recognized brand. The Oyo State Commissioner for Energy, Seun Ashamu, praises Sooyah Bistro for exemplifying entrepreneurship and innovation, while the Oyo Speaker, Honourable Adebo Ogundoyin, commends his wife for her hard work and dedication in building the Sooyah Bistro brand.