Understanding Nigeria's event management space
The event planning and entertainment landscape in Nigeria is rapidly changing and most of the innovation in that space can be traced to Lagos, Nigeria's commercial capital. Ezekiel Adamu, the CEO of Balmoral Group, joins CNBC Africa to discuss the evolution of the events management and entertainment space in Nigeria.
Fri, 18 Aug 2023 12:21:19 GMT
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AI Generated Summary
- Diversity and Potential of Nigeria's Event Space and Entertainment Sector
- Expansion into Family Entertainment and Global Cultural Promotion
- Tech-Driven Solutions and Affordable Experiences for Nigerian Families
Nigeria's event planning and entertainment industry is experiencing a rapid transformation, with Lagos, the commercial capital, at the forefront of innovation. Ezekiel Adamu, the CEO of Balmoral Group, recently shared insights on the evolution of the events management and entertainment space in Nigeria. According to Adamu, the industry has seen significant changes in recent years, both globally and domestically. He highlighted the diversity within the event space, ranging from conferences and exhibitions to concerts, weddings, and parties. Adamu particularly emphasized the growing popularity of African music on the global stage, underscoring the potential for leveraging this trend to drive growth across various sectors. While Nigeria boasts a vibrant party scene and exceptional event planning expertise, Adamu acknowledged that there is still room for improvement, especially in attracting foreign direct investment through exhibitions. He commended the country's proficiency in handling large-scale events and noted the opportunity to showcase Nigerian culture beyond music through platforms like 'Culture Land'. Balmoral Group, under Adamu's leadership, is embracing new opportunities in the sector. The company is shifting focus towards family entertainment, recognizing a gap in the market for inclusive experiences targeting diverse age groups. 'Culture Land', previously known as 'Wonderland', offers a wide range of installations and activities for families, with plans to expand the concept internationally. Adamu envisions 'Culture Land' becoming a platform to promote African culture globally, showcasing the richness of Nigeria's fashion, cuisine, and more. As the holiday season approaches, Balmoral Group is gearing up for the 'Culture Land' event in Lagos, featuring a tech-driven payment system for seamless transactions. The company aims to create lasting memories for families while making the experience accessible and affordable to all attendees. Adamu emphasized the importance of innovation and technology in driving the industry forward, ensuring a hassle-free and enjoyable experience for visitors. Despite economic challenges, Adamu remains optimistic about the potential of Nigeria's event management space, highlighting the need to redefine African narratives and elevate the country's cultural heritage on a global stage. With a strategic approach to event planning and a commitment to delivering exceptional experiences, Balmoral Group is poised to lead the way in the ever-evolving landscape of Nigeria's entertainment industry.