In a recent update to a 2019 report, Nigeria’s growing fashion industry has been appraised at approximately $4.7 billion, constituting 15% of the overall Sub-Saharan market value, estimated at $31 billion, according to data from Euromonitor.
As the “textile, apparel, and footwear” sector experiences substantial growth, propelled by increasing demand and forward-thinking initiatives such as Lagos Fashion Week and GTCo Fashion Week, Lagos has emerged as a pivotal hub for the Nigerian Fashion Industry.
In the first half of 2023, the sector played a significant role in the manufacturing landscape, contributing N2.76 trillion, accounting for 17.7% of the total manufacturing value, and an impressive 51.2% of the overall value generated, reaching a total of N5.4 trillion for the year.
Harnessing the power of social media, Nigerian fashion has gained global prominence, spotlighting innovation and creativity that cements its standing in the African fashion arena.
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Peoplesmind
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Meet the Nigerian Fashion Moguls Championing “Made In Africa” worldwide
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