LCCI seeks new investments for industrial growth at 2017 trade fair

The Lagos Chamber of Commerce and Industry (LCCI) has unveiled its agenda for this year’s international trade fair, with focus on charting the path of recovery in terms of industrialisation and sustainable growth.

According to the chamber, the fair will not only promote trade, but also aid inflow of investments in the country through partnerships among exhibitors. Indeed, the Organisers of the 2017 Lagos International Trade Fair (LITF), LCCI announced that this year’s fair, scheduled to hold from Friday 3rd November to Sunday 12th November, 2017 at the Tafawa Balewa Square (TBS) in Lagos, is aimed at supporting Nigeria’s quest to achieve a virile industrialised economy by providing a platform for the nation’s industrial, manufacturing, agriculture, solid minerals and service sectors.

The Chairman, Trade Promotion Board, LCCI, Sola Oyetayo said the theme of the fair, “Promoting industrialisation for economic recovery and sustainable growth” is apt and timely in the face of the current economic realities which underscores the need for diversification and inter-sectoral synergy.

Oyetayo, while unveiling details of the event yesterday, said the fair, like others in the time past, will enjoy foreign participation, while efforts have been made to ensure investment opportunities are created in a bid to deepen bilateral ties.

He also called on all industry players to support the efforts of the government in revamping and stabilising the economy through the injection of capital into the economy to drive investments in agriculture, manufacturing, trade, services and technology.

Oyetayo pointed out that the theme was designed as a wake-up call for stakeholders to work towards the recovery and sustainability of the nation’s economy.

“With the provision of enabling business environment, industrialisation is a major springboard to economic recovery and massive job creation. If we can vigorously pursue this noble path, it will no doubt result in sustainable growth desired for our increasing population”, he added.

He further explained that the fair features events like the international investment conference, which provides a platform for the industrial and services sectors to interact with players in the economy; the general consumer fair; business-to-business meeting; the Lagos creative industry fair as well as the secondary school essay competition.

Noting that the organisers of the fair will incentivise activities of small businesses, he said that the various reforms by government are expected to enhance Nigeria’s ranking in the Ease of Doing Business, stressing that the private sector is expected to plug into these reforms and make complementary contributions towards rescuing the economy from recession.Oyetayo promised that the chamber would continue to surpass the expectations of all stakeholders in all ramifications.