{"id":284017,"date":"2018-11-23T22:07:14","date_gmt":"2018-11-23T21:07:14","guid":{"rendered":"https:\/\/nigerianfinder.com\/?p=284017"},"modified":"2020-08-26T09:54:55","modified_gmt":"2020-08-26T08:54:55","slug":"nigerian-furniture-market","status":"publish","type":"post","link":"https:\/\/nigerianfinder.com\/nigerian-furniture-market\/","title":{"rendered":"The Nigerian Furniture Market: A General Overview"},"content":{"rendered":"

The Nigeria Furniture Market is a thriving one thanks to the government\u2019s 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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Additionally, the furniture market can be an important part of the diversification drive being implemented by the Nigerian Government.<\/p>\n

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.<\/p>\n

Overall, the furniture market isn\u2019t 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.<\/p>\n

Electric power is another major challenge facing the furniture industry. The incessant power supply doesn\u2019t just affect the furniture industry but the Nigerian manufacturing industry as a whole.<\/p>\n

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\u2019t affect the manufacturer\u2019s ability to provide quality, affordable furnishing, and interior design solutions.<\/p>\n

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.<\/p>\n

Let\u2019s take a look at some of these furniture companies below:<\/p>\n

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  1. \n

    ITEX Furniture<\/strong><\/h2>\n<\/li>\n<\/ol>\n

    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<\/p>\n

    ITEX has been involved in the furnishing of primary and secondary institutions in states like Edo, Bayelsa, Ekiti, Ondo, Gombe, and Lagos<\/p>\n

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    1. \n

      Universal Furniture Ltd<\/strong><\/h2>\n<\/li>\n<\/ol>\n

      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.<\/p>\n

      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\u2019s, Piccolo Mondo and Black Diamond in Lekki.<\/p>\n

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      1. \n

        Bedroom Solutions<\/span><\/h2>\n<\/li>\n<\/ol>\n

        \u200bSo you want to know how to do a\u00a0 low cost upgrades for your bedroom, click here for more info<\/a>. The best adjustable beds of 20\u200b20 are. \u200bIn contrast to many other sites, our \u200b\u200b\u200btop rated adjustable beds \u200bwere carefully \u200bselected \u200bafter a scientific ranking and review process. \u200bBedroom Solutions<\/span><\/a>‘ adjustable bed ratings \u200bwere compiled based on the following \u200b\u200b5 \u200bcriteria.<\/p>\n

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