US Firm Unico Incorporation Targets Nigeria's AC Market

Unico Incorporation, a US-based cooling firm, is set to enter Nigeria's air conditioning market, which is estimated to be worth $2.5 billion annually. Scott Intagliata, the owner and director of Unico Incorporation, announced the launch of the Unico Cool system in Abuja on Thursday.

He highlighted Nigeria's rapid urbanization and expanding construction sector as key factors that make the country an attractive destination for investment. Intagliata noted that Nigeria is one of the fastest-growing construction markets globally, with expectations that $2.5 billion worth of air conditioning products will be sold in the country next year.

The company plans to establish a distribution hub in Lagos, with equipment expected to arrive within the next few months. Unico Incorporation will appoint a country manager to work with local partners to deepen market penetration and will adopt a pricing strategy tailored to local market realities.