Lift Expo Nigeria 2025, held at the Landmark Centre in Lagos from September 2–4, once again proved itself to be West Africa's largest elevator and escalator fair. The event clearly demonstrated both the growth potential of the African market and the interest of international brands in the region.

Wide Participation and a Growing Market

Organized by Expert International Fairs Organization and Mena Management Group, the fair hosted more than 50 companies and 200+ brands from countries such as Turkey, China, Germany, India, Italy, and the UAE. Nigeria's rapidly increasing high-rise construction is transforming the country into the center of vertical transportation technologies in Africa.

Organization director Riza Özdemir stated that Nigeria has become the leading market in the sector thanks to modern urbanization and high-rise building projects.

Technological focus: The age of smart elevators

The fair was not only a product showcase but also a showcase for technological transformation. Notable innovations included:

- Smart control systems

- Energyv-efficient motors

- IoT-enabled monitoring solutions

- Recyclable cabin materials

These technologies are of great importance for Africa's rapidly digitizing construction sector.

Opportunities in the African market

Nigeria offers Africa's greatest economic potential with its construction sector growing at 13% annually, increasing urbanization, and young population. Rising projects in cities such as Lagos, Abuja, and Port Harcourt are increasing the demand for modern elevators and escalators every year.

This creates important business connections for manufacturers, distributors, contractors, and building managers.

A strategic gateway for Turkish companies

Turkey's competitive production, quality-price advantage, and technical expertise are attracting significant interest in Nigeria. Lift Expo Nigeria 2025

- New distribution agreements,

- Increased brand awareness,

- Direct market access

offered Turkish companies an important opening.

Nigeria's economy and urbanization

With a population exceeding 200 million, Nigeria is Africa's largest domestic market, recording 3.9% GDP growth in 2025. The young population, growing domestic demand, and the digital economy are the main drivers of growth. Despite challenges such as infrastructure gaps, high inflation, and currency fluctuations, the country remains attractive to foreign investors.

The urbanization rate is over 54% and increases by approximately 3.5% annually. High-rise buildings in Lagos and Abuja are driving rapid expansion in the elevator market.

Elevator market and modernization

According to research, Nigeria's elevator market will grow at an annual rate of 6.4% between 2023 and 2029. In addition to new installations, modernization and maintenance services are also an important segment.

Companies such as Mitsulift Nigeria Ltd, i-Elevator Nigeria Ltd, GFM Elevators, and Movel Elevators in Lagos and Abuja provide new installations and 24/7 maintenance services. IoT-based monitoring and energy-efficient modernization projects will play a critical role in the future of the market.

Opportunities:

- Rapid urbanization and increase in high-rise buildings

- Demand for energy efficiency, smart systems, and modernization

- Competitive advantage for Turkish manufacturers

- Significant investment needs due to infrastructure gaps

Challenges:

- Currency fluctuations

- Power outages

- Supply chain issues

- Lack of a fully established maintenance culture