Furniture industry in Nigeria by Limult
The furniture industry in Nigeria has experienced a major challenge which is the shortage of timber supply but industry professionals have put together so much work to develop modern designs using contemporary material like wire mesh, Wicker or rattan furniture, Metal etc.
Another prevailing problem that is making the efforts of manufacturers in the industry go unnoticed is the access to reliable sources of power.
Not only is this detrimental to the production of furniture and manufacturing but also the nation’s ability to possess a sustainable GDP.
The electrification of Nigeria will liberate many of the constraints that we face as a nation as regards to our overall productivity.
This will also help in empowering local manufacturers’ abilities to produce more high-quality furniture at reduced prices.
Furniture manufacturers at the moment must rely on the electricity provided by the government as much as possible.
Although these conditions are not ideal, it does not, however, impact on the ability to provide quality, affordable furnishing, and interior design solutions.
In order to make the system more innovative, great care should be taken so as to ensure that the industry becomes more efficient and are capable of producing high-quality goods by utilizing the waste from the production process to create other goods.
With the calls for diversification of the economy, the furniture manufacturing sector has experienced growth that has been contributing to the earnings for investors and the GDP of the country.
The global furniture market has been on the rise, with analysts forecasting the compounded annual growth rate (CAGR) estimate of 3.53 percent over the period of 2012 and 2016.
Nigeria has not been left out in this global. Reuters showed that one of the key factors contributing to this market growth is the boom in real estate industry.
Are you a Retail Store Owner? Here’s how we can help you!
LIMULT GROUP is the top choice for all your furniture needs. Why? Because we put our customers first!
With our huge warehousing network, you will always be able to find our products, or suitable substitutions, in stock when you want them. This is better assurance for you that when you need a product for a customer, you will be able to get it quickly and easily.
Contact us at +2347052446249 for more information on our refining industry development services or visit our store at www.limult.com/shop to see more products that we make available for the people.
