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Sunday, 28 December 2014

How Nigeria's rich spend over $2million on their dream wedding

Report by Declan Eytan for Forbes magazine
Illusionists flown in from Spain, flowers imported from France, or an R&B superstar flown in from the United States. No request seems to be out of line to Nigeria’s rich when it comes to the most beautiful day of their life. And don’t even mention the b-word – budget, that is – ’cause whatever the bride wants, the bride gets.
Due to its oil reserves, gas, telecom and rising entertainment industry, Nigeria may consider itself Africa’s largest economy as of early2014. But natural resources and Nollywood aside, there’s another million dollar business out there giving the national GPD a major boost: the wedding events business.
The West African nation may be home to the majority of Africa’s billionaires, but there’s no shortage of millionaires either. “Our core clientèle is mainly made up by millionaires. They will not hesitate to spend the money in order to get what they want. If they need to fly in an artist from America, or a decorator from Dubai or London, they will do so,” says Funke Bucknor, founder of Nigeria’s leading wedding and events company, Zapphaire events.

Bucknor is a brand. Apart from her wedding planning duties, she’s published a book titled The Essential Bridal Hand book, and in the first quarter of 2015 her very own TV show will start airing on a national TV network. She founded her wedding planning business twelve years ago and was amongst the first to do so. Today, her profession which seemed unnecessary to many locals over a decade ago, has become an essential to the moneyed Nigerian bride that wants her wedding to be the talk of town. Or perhaps it is better to say her weddings. ‘Cause one wedding alone just doesn’t cut it. First there is the traditional wedding – the only wedding recognized by the family – followed by the white wedding, which is similar to that which we know in the West. As for the latter, the destination wedding is all the rage. “Dubai and London are the most popular destinations, followed by Cape Town, Seychelles and the Maldives. Florence in currently growing in popularity,” Bucknor adds.

In 2013 research company Euromint showed how Nigeria had world’s fastest growing rate of champagne consumption, second only to France, while ahead of other lucrative markets including the US and China. Lagos-based beauty-queen-turned-event-planner, Elohor Aisien, concurs. “Nigerians love champagne, so the most money will be spent on drinks as well as food. On Nigerian weddings there’s food from 2pm till midnight.” Given that the average Nigerian wedding will easily have around 1000 guests, whereas the bigger wedding will have between 2000 and 3000 guests, the choice of champagne is a crucial one. “Old money Nigerians may keep things more subtle, new money Nigerians are more concerned with letting people know that they’ve arrived. Magnums of Dom Pérignon will often be their drink of choice. In a way it’s become this competition amongst brides. They’ll ask me: ‘How many bottles did she have? I need more,’” 33-year-old Aisien says. 

Her wedding and events planning company Privé Luxury – founded in 2012 – might be a newbie to the scene, but Elohor may already consider offspring of Nigerian royalty, and the country’s leading female recording artist amongst her clients. “I did the wedding of Reukayat Indimi, who comes from a royal Nigerian family, which hails from the north of the country. According to northern tradition, the bride can’t leave the house during the month leading up to the wedding. Since the bride didn’t have her wedding dress yet, I flew into London with a model who fitted several dresses for her. Elie Saab is a popular choice of wedding dress amongst Nigerians, whereas most grooms I work with want a Tom Ford total look. Vera Wang is also very much in demand, since it fits well on the Nigerian body type,” Elohor says, who may also tick the box that says “celebrity wedding”. 

In 2013 Privé Luxury planned one of Nigeria’s most talked-about weddings, twhich ended up being broadcast on a local TV network. It was when Nigeria’s leading female recording artist Tiwa Savage, exchanged vows with husband Tee Billz. Their destination wedding was held at Dubai’s Armani Hotel, part of world’s tallest man-made structure, the Burj Khalifa.”I have a good relationship with the Armani Hotel in Dubai, they love Nigerian weddings,”Aisien concludes. 

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 if it wasn’t for lavish Nigerian weddings, there would be no Nigerian economy. “I appreciate them spending this money, cause without these weddings I don’t know where the Nigerian economy would be,” says Weruche Majekodunmi, founder of Newton & David, a local company specialized in event design and décor. “The weddings keep our economy going. Normally the rich Nigerians will spend their money abroad, whenever they go shopping. Thanks to the wedding industry the money is being invested back into our economy. Jobs of caterers, tailors, carpenters and upholsterers are being sustained. Prior to these major weddings, the profession of make-up artist wasn’t even considered a full-time job,” she explains. 

Weruche started working with flowers at church as a hobby, around 25 years ago. It was at a time in which Nigerians paid little to no attention, to the decoration of their wedding venue. “Up to fifteen years ago, some weddings wouldn’t even have a table cloth on the tables and they wouldn’t have any flowers except for the bridal bouquet. Nowadays Nigerian weddings will feature expensive flowers from France, silk table cloth and lots of crystal. A lot of the elite Nigerian kids have been educated abroad, so they’re used to the international standard when it comes to detail. They’ve become accustomed to a certain standard, so to import something isn’t unusual to them” the décor specialist slash wedding planner explains. Currently trending amongst the international kids is the flower wall, which surged in popularity after Kim Kardashian’s marriage to Kanye West.

Weruche goes on saying, “It has happened three times in the last five years that I’ve organized a wedding that cost over $2 million. They spent the most on food, Cristal champagne, entertainment and gifts to their guests. At one wedding all the invitees got their wedding outfit with their invitation. At another wedding they handed out microwave ovens, smart phones and rice cookers, to all of their guests. At some other weddings they’ll fly in their guests and arrange their accommodation in case they decide to get married overseas. You must understand, that our reasoning is different from that in the West.”

80 comments:

Bonita Bislam said...

Lol Nigerians are flamboyant people.Another business that's receiving a booast in Nigria is the orbituary business.It ranges from the coffin makers,posters,undertakers,burial adverts on the media lol,u name it.We luv to show off in happiness and in grief.Atleast its moving the economy to the permanent site

Unknown said...

That is their way, while the poor keep dyin on hunger. Can't hlp it out


=CYNTHIA=commenting from my TOYOTA CRICKET

Eze said...

What a beautiful scenario....but i hate extravagant weddings....prefer something simple and classy....so lucky future wife take note

Eze said...

What a beautiful scenario....but i hate extravagant weddings....prefer something simple and classy....so lucky future wife take note

Julz Cakes said...

Nigerians can like expensive weddings. Any job that contributes to a wedding plan or any other event in this countryy has become a major hit. Plus kim k always has to be mentioned as a motivator,just love that girl.

Unknown said...

Phew!

ary said...

Expect an explosion in the wedding planning market soon and there will be foreigners coming to reap the benefits! Didn't know wedding planning was this big a business, wow!!

Unknown said...

"whatever the bride wants, the bride gets." Lol.What a Ceremonial waste.

***ECHOMASS***

Unknown said...

Our Naija has wealthy people.
$.
$.
@Mr Endowed via Lumia phone

SUE JORDAN said...

....all this cash for a wedding of less than 6 hours...

Anonymous said...

Oh the price of oil has dropped significantly! Let's see where they'll get money to waste. But hold up! Y spend so much money to cater to people for only 1 or 2 days! $2million? That would buy me a house, pay off my student loans, dang a couple houses! Some Giuseppe's, Coule of Celine's, first class tickets to nice destinations, feed the poor, buy myself a GTR.... Long list! So y do these so called people spend so much up impress people? It's simple Nigerians and their I must show off personality, everything is a competition! Oh well who am I to rant?

Unknown said...

Dis called money spree or money miss road. #Royal Priesthood#

Unknown said...

True talk, wedding business is lucrative now. That business mogul 's children wedding was on point n expensive

Unknown said...

Money spent on food, champagne, wedding dress for guests, can u imagine?

Unknown said...

I couldn't have read that long epistle. Lol

Ochuko Arhiakpore said...

What matters most is how long the marriage lasted.NiGerians prepare for marriage ceremony but fail prepare for the marriage itself.


..👏BIG BROTHER SAYS SO..👏

Unknown said...

Luxury wedding, every girl's dream

Unknown said...

OK o

Unknown said...

What is she saying?? Prease "ada mbano's voice"

Unknown said...

For..iyen na wa

General said...

Nd yet our gp kips droping. Country z gettin poor nd individuals are ballin. God help us

Anonymous said...

Elowhore personal relationship with Armani??KONTINU

Unknown said...

It d superb rich dat can spend such on wedding and those "money miss road personality".

#Royal Priesthood#

Unknown said...

Cool.they have the money so let them spend it.
«FACE~OF~LIB»

Whatever the mind of man can conceive
and believe, it can achieve. –Napoleon Hill

Anonymous said...

You go fear na

Unknown said...

Money don't give good home,only God can. if like spend billion on wedding when the two people re not compartable divorce is inevitable **EMZEALLOUS**

Unknown said...

When money talks, bullshit walks.

lord klaus said...

Nigerians are very good at spending money

Unknown said...

The world can't do without Nigerians! We sustain their economy and ours, South African Airlines will kill for Lagos route! The only route that guarantees full cabin for the 1st class!

Anonymous said...

It does sound immoral Ina country of a lot of have nots. but if it is not I'll gotten wealth then they can spend it how they want and let their conscience judge them. Reminds me of the days if Marie Antoinette of France and we know what happened after . One day the have nots will have enough and start to kill or rob the haves.

Everything Rosham said...

Money speaking sweetart

Richard said...

Good for them

snowflix said...

Ok o that's nice, if you got the money spend it no time #onelovefromSnow#

willie is working said...

Oriegwu. After wedding what next?
Will it last?

Christina typearls said...

wow, Great report. Prive's and Zapphaire are role models to Typearls too.

Anonymous said...

Trust my najia pple! we love parties, weddings etc and we know how to do it right yet most of us live in poverty! it is what it is! abi?

OBEYA FRIDAY's Official Website said...

TO CELEBRATE IS GOOD BUT WE HAVE TO BE VERY CAREFUL PEOPLE!
WEDDING IS NOT EVERYTHING...REMEMBER THAT AFTER THE WEDDING YOU HAVE A LOT TO SPEND, SO DON'T FINISH THE WHOLE MONEY NOW

Unknown said...

Sooooooooo true

Sugarvie said...

Its jus ONCE in a lifetym so they shud enjoy it... Oh, I forgot! Some got twwice, thrice or even four times and more lol.

#SUGAR#

Unknown said...

where is the morality....lavish weddings vis-a-vis poverty stricken populace.....same goes for celebrities and bloggers who spend millions of naira and sometimes dollars on automobiles in the midst of poverty. None of them has a foundation through which they can assist those in need in the health sector, educational sector and other sectors of the economy. In a fake display of kindness, they suddenly remember on their birthdays children in orphanage homes. They present bags of rice and cartons of indomie noodles. The press is invited to publicize this fake kind gesture. They do not adopt any of these children or offer scholarships if indeed there kind gesture is genuine. Bloggers offer little sums of money to their fans or readers, N10,000, N25,000, N50,000, N100,000. such monies in lump sum could be used to assist indigent students through scholarship, assist individuals to acquire technical skills through formal trainings in recognized institutions, assist individuals with business plans to set up small and medium scale businesses or individuals with serious health issues such as kidney failures, heart problem, liver problem etc you find such individuals in public hospitals and on the streets....Ours is a godless society. The judgement of Sodom and Gomorrah await us...

Unknown said...

Okay

Unknown said...

Event planning my passion. I pray I go places

Unknown said...

Money speaks ooo

ISADORA said...

@ the end of the day, they end up having serious marital issues. vanity upon vanity, all is vanity!

Unknown said...

MR EDDY said.
Whatever rocks their boat
^
^
^™THAT EDO BOY.COM~wishes u merry Christmas and a happy new year.

Unknown said...

MR EDDY said.
Whatever rocks their boat
^
^
^™THAT EDO BOY.COM~wishes u merry Christmas and a happy new year.

Anonymous said...

That's what they are known for, they will never invent or grow industries. They only know parties and ceremony. I wonder why God made me black or even worse a Nigerian.

Kponskii said...

...and after all said and done, most end up divorced in no time.

Unknown said...

Flamboyant, big spender....
No doubt, my dear nation will be among the big spender.
Nigeria is a wealthy country with 60% of the citizens living in abject poverty.



#Commenting thru GLO 4G LTE

Unknown said...

I don't even understand their point here.

Unknown said...

I thought our GDP fell as of this year according to early report then what is forbes calculating
¤
¤¤¤GUTS OVER FEAR¤¤¤
¤
¤¤¤QUEENMAYA¤¤¤

Anonymous said...

I don't even think zapphire events is all that. There are so many more event planners who do a fabulous job! Especially if u are in Lagos... Not to say the least, lagos weddings are expensive... Average wedding will cost you 5 million naira or more ... I'm a 2015 bride... Already in the process of planning

Unknown said...

True.

Anonymous said...

Well said nwanne m, I pray that God gives me money because I will use it to change lives. I love charity work with a passion.

Unknown said...

And the looting continues.95% of the people of this country are very poor.

Anonymous said...

After wedding what next? Most of these marriages who go out of their way to spend so much money hardly even last these days.

Unknown said...

Vanity upon vanity. They spend millions while millions are suffering

Redcandy said...

My belief is that if you have a lot of money, you can do whatever you want with it. It's yours after all. But always remember to help the needy. Donate to charity, give widows, give orphans, sponsor that family member of yours who can't afford to go to school. Your money is nothing in the eyes of God if you don't help others with it.

Redcandy
****www.idoncomeagain.com****

Anonymous said...

I just wish we were less shallow and we'd take a micros second to evaluate things before casting the first stone.
The event planning business spans all celebration events - death, birthdays, engagements, weddings, soirees, whatever the occasion it is.
Like the quote from weruche majekodunmi (coincidentally a role model of mine) , we should thank them for being lavish. Their lavishness is the reason several graduates are employed. Several businesses have taken off. And several people have been buoyant to the extent of empowering others.
It's their money - either stolen or earned, and they should be allowed to spend it since we have failed to be unified in putting a checking / security system in place.
Seasons greeting yall. Best wishes next year.

*** ose ore mi aka forst to comment ***
Blacknfly@gmail.com

Unknown said...

Though money is meant to be spent when you have it but the truth is the marriage ceremony seems to be more important than the marriage itself to the wealthy and that's why most of this marriages scramble.

Do you know that most men are the ones that setup their wife for infidelity? Find out @ www.blessinghammed.com

Unknown said...

Its really amazing how anything that comes from Nigeria just blossoms in a twinkle of an eye. We have come of age and are growing. The professions that didnt make much sense in the past are becoming very attractive and lucrative these days. My eyes are open. Am a top player in this country by God's grace!


Nonso Okoh via SAMSUNG GALAXY SMART PHONE.

Unknown said...

We like it big so we are always ready to spend big. Rock on, for those who like it big for those who like it small and simple, enjoy!


~FromOutOfThisWorld ~

APPLE said...

Those ones know how to waste their money.

Pepe said...

Not to mention all those richy kids travelling in droves to study abroad. Naija people really help the world go round.

Unknown said...

Hmmmmm

Anonymous said...

Nobody will marry a Pig so take note

kayPee said...

Observation....most of these expensive weddings don't last long...

Anonymous said...

But ain't you coming across as a lil hypocritical mama? Some would say you mentioning guiseppe's, celine or a gtr is extravagant. Why not settle for some aldo's, mk or a nice Hyundai. Lol. How does that you any different? Yeah. You threw in there student loans and feeding the poor. They more than likely don't have student loans and who is to say they are not feeding the poor? So guess you're even, no? This ish is relative babes. Hey...but who am I to call you out? #imjessayin

Anonymous said...

Unfortunately bruv/sis....the saying goes; if you push Nigerians' backs against the wall, all they'll do is just keep moving the wall back. Ish ain't gonna happen...at least not in the near future because our selfishness knows no bounds. As long as me and mines are good, f**k everyone else. Hence why if some useless mediocre politician throws 5k in their face, they will kiss his dirty shies(or no shoes...lol). Even Amaechi said it now...He said we are the ones letting them get away with this impunity that if one of them rides by and runs into a puddle and splashes water on out faces, we go just dey look. He was being metaphorical of course but he was basically saying, they know what their doing...rubbing shit in out faces, but na we go even rub the shit in deeper and say it is perfumed face cream! #siddonlook

yawanow said...

Not hating but its a big memorable day for couples
Won't mind spending reasonably on ny d day. Can't wait.

Anonymous said...

Likewise some inexpensive wedding don't last either.

Unknown said...

Good for them and they should keep it up cos when I get so rich, I'll do even more.
One thing I know for sure is that their lavishness is not the reason the poor are poor! #Gbam!

Anonymous said...

Really??! You have stats to support your observation? Because theirs gets played out in the media you assume the poor don't have marital issues? Wow...

Anonymous said...

And who says they don't help "the suffering"? We are a capitalist democracy so people are free to do what they want with their money.

Unknown said...

After a lavish wedding come a media hyped divorce !

Anonymous said...

With your goat face!

Unknown said...

Gosh, u sound so disgusting. How bout u work hard and make ur own damn money. Like I always say to relatives who contributed nothing to my life, if I wake up by 4am to go to work and come back every single day not earlier than 10pm and have to work most Saturdays and few Sundays, it think I can very well use my money the way it pleases me. Rubbish!

ebonyz... said...

Their own beta

Subomi said...

wedding is a nice thing, they can afford it, happy for them. next news !

Unknown said...

Money speaking

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