More
    HomeBusinessEconomy‘Nigeria’s Laundry Industry Can Drive Economic Growth’

    ‘Nigeria’s Laundry Industry Can Drive Economic Growth’

    Published on

    Aaior K. Comfort

    Nigeria’s laundry industry holds immense potential for economic growth, according to Samuel Odenusi, Head of Commercial Laundry Business at LG Electronics in West Africa. Speaking during a masterclass for dry cleaners organized by CleanAce Foundation and Academy in collaboration with LG, Odenusi emphasized the sector’s ability to create jobs and wealth, particularly with the right infrastructure and government support.

    As the Nigerian population continues to grow, so does the demand for laundry services. Odenusi urged the government to foster an enabling business environment, especially for small and medium-sized enterprises (SMEs), to unlock further opportunities within the sector. “Supporting SMEs will help create wealth and jobs,” he stated, adding that LG’s collaboration with CleanAce is focused on providing participants with the skills and tools necessary to run successful businesses.

    Enibikun Adebayo, Chairman of the Fabric Professionals and Dry Cleaners Association, highlighted the industry’s current valuation of $1.8 billion in 2024, predicting growth to $3 billion over the next decade. He called on the government to support the industry’s development, noting that it is one of the largest employers of labor in the country.

    Adebayo also stressed the need for universities to offer vocational courses in laundry and dry cleaning to encourage self-employment. “This industry can generate significant employment,” he said, urging the government to take steps to attract younger people into the sector.

    With partnerships like that of LG and CleanAce, the laundry industry is poised to drive investment, create job opportunities, and contribute to Nigeria’s economic development.

    Latest articles

    Gunmen abduct health worker, wife in Kogi night attack

      Olu Samuel   Armed bandits have a abducted an unspecified number of persons including a health...

    Governor Mutfwang won Guber primary with  233, 335 votes  to defeat Rtd General Yilchini who scored 3,070 

    From Yakubu Wuyep Jos Governor Caleb Manasseh Mutfwang of Plateau is now the official All...

    Over 500 million women, girls experiencing menstruation poverty worldwide -says AHF Nigeria 

      Olu Samuel   The Aids health foundation,AHF Nigeria has said that no fewer than 500 million...

    Diri’s sterling performance in APC is a trait from PDP says PDP lawmaker, Agbedi 

    Rep. Fred Agbedi, representing Sagbama/Ekeremor Federal Constituency in the House of Representatives has said...

    More like this

    Gunmen abduct health worker, wife in Kogi night attack

      Olu Samuel   Armed bandits have a abducted an unspecified number of persons including a health...

    Governor Mutfwang won Guber primary with  233, 335 votes  to defeat Rtd General Yilchini who scored 3,070 

    From Yakubu Wuyep Jos Governor Caleb Manasseh Mutfwang of Plateau is now the official All...

    Over 500 million women, girls experiencing menstruation poverty worldwide -says AHF Nigeria 

      Olu Samuel   The Aids health foundation,AHF Nigeria has said that no fewer than 500 million...