The Association of Fast Food Confectioners of 2Nigeria (AFFCON), the umbrella body of fast foods and confectionery companies in Nigeria, generates N25 billion to the economy with a growth potential next to the oil and gas industry.

The Chief Executive Officer, Chicken Lovers, Chief Dele Oduwale, made this known while speaking with The Nation in Lagos.

He disclosed that the industry pays over N1billion as taxes and levies

Dele, who spoke on behalf of the President of the Association, Mrs. Olayinka Adedayo, further said the industry in collaboration with the Lagos State Security Trust Funds contribute N5 million annually, adding that its members are over 5,000 made up of different professionals and casual workers.

He said his group is made up of distributors, who came together for the common interest of improving standards and service delivery in the catering and hospitality industry.

The growth rate in the fast food industry, Oduwale said, was necessitated by increased average income of families, close in gap between the cost of dining out and eating at home, among others.