The Nigeria Furniture Market is a thriving one thanks to the government’s decision to place an embargo on the importation of furniture into the country. The goal of the decision to ban the importation was to protect the local industries involved in the manufacture of these furniture items and this has been of huge benefit.
Although the finished products in Nigeria are yet to be at par with those from countries like Italy and Spain however it is clear that progress is being made in the industry. One of the advantages of local manufacturing of furniture is the low labour costs which enables these items compete on price with their foreign counterparts as the cost of labour, freight charges and the import duties often make them expensive.
However, there is still more to be done in terms of empowering local manufacturers in the Nigerian Furniture Market as there are some foreign competitors with factories in the country. If this can be done, the quality of local furniture can be as good as that of their foreign counterparts.
Additionally, the furniture market can be an important part of the diversification drive being implemented by the Nigerian Government.
In terms of the global furniture market, which is enjoying a steady rise, the Nigerian market can learn from the global furniture handbook by improving the quality of production by local manufacturers. Another important industry that can boost the furniture market in the country is the real estate industry. Interestingly, this industry has been on the rise since the country emerged from recession.
Overall, the furniture market isn’t without its problems. For instance, the shortage of timber supply often affects the growth of this market. However, industry professionals have developed modern design that use other materials such as wire mesh, wicker or rattan furniture, metal, plastic, glass etc. these materials have decreased the reliance of timbre for furniture making.
Electric power is another major challenge facing the furniture industry. The incessant power supply doesn’t just affect the furniture industry but the Nigerian manufacturing industry as a whole.
Currently, furniture manufacturers rely on generators as alternative to the electricity provided by the government which has made the cost of business higher. However, this impediment doesn’t affect the manufacturer’s ability to provide quality, affordable furnishing, and interior design solutions.
The industry is said to be worth an estimated N50 billion and some of the furnishing giants in the country include ITEX, Universal Furniture Limited and Chair Centre.
Let’s take a look at some of these furniture companies below:
ITEX is a popular furniture maker in Abuja. The company was founded by Tony Ezekiel. The company started in car port garage but has since grown to become an ultra-modern factory complex with state of the art machines on a 2.5 hectares parcel of land in the new Idu Industrial District, Abuja
ITEX has been involved in the furnishing of primary and secondary institutions in states like Edo, Bayelsa, Ekiti, Ondo, Gombe, and Lagos
Founded in 1988 by Antoine Sr Moudaber, the company began by manufacturing metal furniture for schools and hospitals but later evolved into wooden furniture. Currently over 90% of revenue comes from wooden based furniture.
The company started with 20 staff but has grown to a workforce of over 400. Some of its top clients incude Central Bank of Nigeria, Tango Towers, Golden Towers, Rhapsody’s, Piccolo Mondo and Black Diamond in Lekki.
With over 27 years in the furniture sector, Chair Centre has grown to become one of the leading producers of office furniture and banking security systems in the country.
Founded by Ibukun Awosika, Chair Centre provides services like complete office furnishing, education institution furnishing, bankway security doors as well as office space planning and consulting.
Vina is a leading manufacturer and designer of quality furniture, woodwork, building accessories and portacabin in the country.
They have sales branches in Abuja, Port Harcourt, Ibadan, Lagos and Kano. Vina provides furnishing solutions to laboratories, offices, restaurant, hotel, spa, club, school, universities and homes
IO is a leading manufactures of chairs, tables, dinning, bedroom and other kinds of furniture
The office is located at 6/8, Industrial Street, Off Planning Way, Ilupeju, Lagos, Nigeria
American Furniture Galleries Nigeria
Located at 23A, Akin Adesola Street, Victoria Island in Lagos, AF Galleries is a notable Nigerian service company for furniture design and interiors services
Emtab Interiors is an online furnitures store. Their products include home furnitures, sofas, office furniture, school furniture, chair, Tv stand etc.
Their office is located on 525, Agege Motor Road, Magnet Shopping Plaza, Ladipo, Oshodi, Lagos
Handela is another online furniture store with office in Ibadan. Their products include office furniture, outdoor furniture, interior decoration, gym equipments and more.
Located in Abuja, HomeWox Nigeria is an online platform were shoppers can find wide ranges of home decor and home furnishings items such as furniture, bath and laundry items, lighting, arts works, wall covering, vases and flowers, curtains and blinds
Kreative Kapintas is located on 4, Rayfield Road After Airforce Base Old Airport Road, Jos. The company sells kitchen, bedroom, laboratory, and office furniture
Located in Berger in Lagos State, Possible and Affordable is an online furniture sales store with products in bedroom & office furniture, coffee tables, console tables, dining sets, chest of drawers, kids bedroom sets, sofa sets, wardrobes, dressers, entertainment consoles and more.
Skarabrand is another online furniture company involved in offering range of furniture, home decor items such as sofas, tables, tv stands, arm chairs, ottomans, footstools, dining chairs, tools, bars stools, study chairs, sofa beds, beds, book shelves.
Taeillo is leading provider of online sales services and manufacturing of contemporary designs of African furniture including interior decors and soft furnishings.
Global Eden Services
Located in Enugu, Enugu, Nigeria, Global Eden Services is a furniture companny providing interior designs, accessories and furniture to homes, hotels and offices.
Office & Home Nigeria Limited
Office & Home is a furniture manufacturer involved in the sales of home and office furniture in Port Harcourt in Rivers State.