How Super Rich Nigerians Spent Over $2M On Dream Weddings In 2014

Date: 28-12-2014 9:00 am (9 years ago) | Author: Daniel Bosai
[1] 2
- at 28-12-2014 09:00 AM (9 years ago)
(m)
Report by Declan Eytan for Forbes magazine




Quote
   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 herweddings. ‘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.”




    Have a lavish destination white wedding

Forget Eko Hotel & MUSON Center, Destination weddings are all the rage among the super rich right now! Event planner Funke Bucknor says, “Dubai and London are the most popular destinations, followed by Cape Town, Seychelles and the Maldives. Florence in currently growing in popularity,”

    It’s all about the Champagne. Please don’t invite anyone to your wedding if champagne isn’t flowing at your wedding, respect yourself and do a small court wedding.

Another event and wedding planner Elohor Aisien (who coordinated Tiwa Savage’s Dubai wedding) said that a bulk of the wedding budget goes on food and drink especially champagne! She said, “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. 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!”

    It’s all about Vera Wang, Elie Saab & Tom Ford. Mama Mukailah won’t cut it.

Aisien who coordinated the high profile wedding of billionaire heiress Rukayat Indimi said, “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 (Indimi). 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.”
 

    You Need a Flower Wall Just Like Kim K

A bouquet of flowers is so 2013. It’ now all about a lavish flower wall. According to Weruche Majekodunmi, founder of Newton & David, “Currently trending amongst the international kids is the flower wall, which surged in popularity after Kim Kardashian’s marriage to Kanye West.”

    Be ready to fly in an R & B star from America and a decorator from Dubai

According to wedding planner Funke Bucknor says, “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,”

 

    iPhones, Microwave Ovens & Cookers are standard party favours for guests

Weruche Majekodunmi says, “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”


Posted: at 28-12-2014 09:00 AM (9 years ago) | Addicted Hero
- schmit at 28-12-2014 09:44 AM (9 years ago)
(f)
Hmmmmm that is much oo
Posted: at 28-12-2014 09:44 AM (9 years ago) | Hero
Reply
- Ennyolalekan at 28-12-2014 09:58 AM (9 years ago)
(m)
Nigerians Money.... There's God ooooooo
Posted: at 28-12-2014 09:58 AM (9 years ago) | Gistmaniac
Reply
- danielsony at 28-12-2014 10:22 AM (9 years ago)
(m)
 Roll Eyes Roll Eyes
Posted: at 28-12-2014 10:22 AM (9 years ago) | Gistmaniac
Reply
- Majfvy at 28-12-2014 10:31 AM (9 years ago)
(f)
National cake
Posted: at 28-12-2014 10:31 AM (9 years ago) | Upcoming
Reply
- dareper at 28-12-2014 11:04 AM (9 years ago)
(m)
I see
Posted: at 28-12-2014 11:04 AM (9 years ago) | Hero
Reply
- beneno at 28-12-2014 11:21 AM (9 years ago)
(m)
 Roll Eyes Roll Eyes Roll Eyes Roll Eyes
Posted: at 28-12-2014 11:21 AM (9 years ago) | Addicted Hero
Reply
- morgrawl231 at 28-12-2014 11:42 AM (9 years ago)
(m)
 Huh?
Posted: at 28-12-2014 11:42 AM (9 years ago) | Hero
Reply
- Opeyemi66 at 28-12-2014 11:50 AM (9 years ago)
(m)
 Grin Roll Eyes......  Huh?
Posted: at 28-12-2014 11:50 AM (9 years ago) | Upcoming
Reply
- danielsony at 28-12-2014 02:59 PM (9 years ago)
(m)
After spending all the money Mrs wife run away with another man,
Posted: at 28-12-2014 02:59 PM (9 years ago) | Gistmaniac
Reply
- femjay at 28-12-2014 03:10 PM (9 years ago)
(m)
I see.......
Posted: at 28-12-2014 03:10 PM (9 years ago) | Gistmaniac
Reply
- Larry28 at 28-12-2014 03:11 PM (9 years ago)
(f)
Good 4 her
Posted: at 28-12-2014 03:11 PM (9 years ago) | Hero
Reply
- Adbb at 28-12-2014 08:13 PM (9 years ago)
(m)
Oboy d story na long tin
Posted: at 28-12-2014 08:13 PM (9 years ago) | Upcoming
Reply
- zoe61 at 28-12-2014 08:34 PM (9 years ago)
(f)
Hmmmm
Posted: at 28-12-2014 08:34 PM (9 years ago) | Hero
Reply
- Abubu86 at 28-12-2014 09:58 PM (9 years ago)
(m)
Long story
Posted: at 28-12-2014 09:58 PM (9 years ago) | Gistmaniac
Reply
- Ken1230 at 29-12-2014 04:02 AM (9 years ago)
(m)
Too long. But how much is microwave ovens that you are making it a big deal?
Posted: at 29-12-2014 04:02 AM (9 years ago) | Gistmaniac
Reply
- bebmigared at 29-12-2014 08:18 AM (9 years ago)
(m)
WHAAAAAAT?Huh?Huh?Huh???
Posted: at 29-12-2014 08:18 AM (9 years ago) | Upcoming
Reply
- echeeche at 29-12-2014 10:33 AM (9 years ago)
(m)
ok Shocked
Posted: at 29-12-2014 10:33 AM (9 years ago) | Hero
Reply
- abati666 at 29-12-2014 05:59 PM (9 years ago)
(m)
phyuk THIS........WHAT ABOUT THE POOR.........RICH BASTARDS...........WE ALL WILL SEE WHEN IT ALL FALLS APART..........phyukING IDIOTIC BASTARDS.......STOLEN MONEY
Posted: at 29-12-2014 05:59 PM (9 years ago) | Gistmaniac
Reply
- kelvinsmit88 at 22-03-2015 12:01 PM (9 years ago)
(m)
Incredible wedding Banquet Halls! I like these purple colored wedding combinations and must say that you have good wedding them sense. Do you know some more colour combinations that make the parties different and unique? Please share something more about your weddings!
Posted: at 22-03-2015 12:01 PM (9 years ago) | Newbie
Reply
[1] 2

fire TRENDING GISTS fire

TODAY'S TOP
  1. VID: Singer Paul Okoye Cries Out Over The Struggles Of House Chores In The UK

  2. Mayorkun Slam Nicki Da Barbie With N1b Lawsuit For Damaging His Reputation, Accusing Of Been A

  3. VID: Prophet Sends Disturbing Message To Paul Okoye About His Girlfriend, Ivy Ifeoma

  4. Police Parade One-Man Interstate Phone Thief, 10 Others In Kwara

  5. VIDEO: Unrest In Plateau As Gunmen Kill University Student, 19 Others 20 In Fresh Attack

  6. "Declaring Yahaya Bello Wanted Unnecessary" – Bwala Slams EFCC

  7. ‘It’s False’ - Singer Skiibii Reacts To Nicki Dabarbie’s ‘Ritual’ Accusation

  8. APC Reacts To Claims That Presidency Is Involved In Ganduje’s Suspension

  9. Lagos Govt Arrests 10 Fake MOT Enforcement Officials


THIS WEEK
  1. Moment Atiku Abubakar And Nyesom Wike Snub Each Other At PDP National Caucus Meeting (VID)

  2. The Real Reason Tinubu Government Went After Bobrisky - Reno Omokri Drops Bombshell

  3. U.S-Based Model's Accidental Post Of Her With Davido In A 'Cozy" Mood Sparks Rumors(Photos)

  4. Check Out The Video That Got Cubana Chief Priest Into EFCC's Net

  5. Jubilation In Nigeria As Many Are Currently Receiving N50k Inside Their Account From Tinubu

  6. PICS: Ex Ooni Of Ife's Wife, Queen Naomi Ties The Knot Again On Her 31st Birthday

  7. Embarrassing Turn for Afrobeats Star, Davido in Latest Romantic Scandal With American Model

  8. Kim Kardashian Shows Off Lots of Flesh as She Debuts Her SKIMS SWIM Summer 2024 Line

  9. APC National Chairman, Ganduje Suspended From The Party

  10. Lady Who Accidentally Posted Cozy Photos With Davido Shares New Shocking Video of The Singer


TOP MEMBERS: