As Nigeria’s fabricare industry eyes a growth trajectory toward $3 billion by 2035, LG Electronics Nigeria and the CleanAce Foundation & Academy have set a new benchmark for professional excellence. The partnership recently hosted the Hyper Masterclass Conference at the Providence Hotel in Lagos, themed ‘Making Audacious Moves in 2026’.
The event brought together members of the Fabricare Professionals and Drycleaners Association (FDPA) to transition the sector from “informal laundry” to a high-tech, structured industry capable of large-scale wealth creation.
1. Wisdom-Guided Boldness: The CleanAce Vision
Founder of CleanAce Foundation & Academy, Mr. Eniibukun Adebayo, opened the conference by redefining what it means to be “audacious” in the current economic climate.
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Strategic Growth: Adebayo emphasized that 2026 requires “informed boldness”—decisions based on data, clarity, and market understanding rather than fear or impulse.
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The Goal: To help drycleaners rethink their business models and embrace the “Clean Show Africa” standards, which aim to revolutionize hygiene and fabric care across the continent.
2. LG’s Tech-Driven Profitability
Representing LG Electronics, Samuel Odenusi, Head of Commercial Laundry Business, highlighted the direct link between professional tools and customer loyalty.
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The “Tool” Test: Odenusi argued that clients increasingly judge a business by the sophistication and reliability of its machinery.
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Commercial vs. Domestic: A key takeaway from the masterclass was the “disadvantage of using domestic washing machines for business purposes.” LG’s 2026 strategy focuses on providing energy-efficient, high-capacity commercial systems that reduce downtime and boost profit margins for SMEs.
3. Navigating the 2026 Regulatory Landscape
Beyond equipment, the masterclass addressed the “trust leaks” and compliance hurdles that often stifle SME growth:
| Session Topic | Lead Consultant | Key Insight for 2026 |
| New Tax Laws | Mr. Gabriel Oluwasola (Fin-Goal Consulting) | Small companies (turnover <₦100m) are exempt from many taxes to stimulate reinvestment. |
| Risk Management | Mr. Peter Ajagunna (Temple Insurance) | Professionals must adopt insurance to protect against fire, theft, and chemical-related health hazards. |
| Trust & Leadership | Dr. Olakunle Iyanda (Broot Consulting) | “Move first, learn fast, and win early.” Success depends on plugging “trust leaks” with clients. |
4. Government Backing & Industry Recognition
The conference culminated in a Gala and Awards Night, attended by government representatives who reaffirmed the sector’s importance to the “Lagos Wealth Creation” agenda.
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Economic Impact: The Lagos State Commissioner for Wealth Creation, Hon. Akinyemi Bankole Ajigbotafe, noted that drycleaning provides direct and indirect employment for millions across the state.
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Excellence Honored: Awards were presented for Public Service, Leadership, and Discipline, reinforcing the FDPA’s commitment to making the industry attractive for Gen Z and millennial investors.
