Saturday, December 27, 2014

Millions Spent By Rich On Weddings Help Sustain Nigerian Economy

What sustains Nigerian economy? Million-dollar Nigerian weddings. A thorough article in the Forbes magazine gives us a glimpse into the lives of Nigeria’s elite – namely, their “dream wedding” spending extravaganza.
Table decoration at a Nigerian wedding (Photo Credits PrivΓ© Luxury)
Table decoration at a Nigerian wedding (Photo Credit: PrivΓ© Luxury)
The article focuses on the thriving wedding events business in Nigeria. Our millionaires do not hesitate to spend the money in order to get exactly what they want, be it illusionists flown in from Spain, flowers imported from France,  a decorator from Dubai or London, or an R&B superstar flown in from the United States.

A number of wedding planners share their opinions and views of the business and remembers how 15 years ago, not many people bothered with wedding decorations. Today, however, more and more of the elite Nigerian kids have been educated abroad, so they get used to the international standard when it comes to detail.
The hosts don’t hesitate to spend millions US dollars on their wedding venues, with expensive foods and drinks, gifts to the attendees and flying guests int to the accomodations overseas.
Moreover, the wedding planners note, while “old money” Nigerians tend to keep things more subtle, “new money” Nigerians are more concerned with letting people know that they’ve arrived. The moneyed Nigerian bride wants her wedding to be the talk of town, they say.
Some might argue that it is morally wrong for a country in which some have to live on a dollar a day, to add value to how many liters of DP are flowing at a wedding. Others however, claim that lavish Nigerian weddings help to keep Nigerian economy going. Normally, the rich Nigerians will spend their money abroad whenever they go shopping. But, thanks to the wedding industry, the money is being invested back into Nigerian economy. Jobs of caterers, tailors, carpenters and upholsterers are being sustained.

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