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ECOWAS members wary of Abuja fair over exchange rate


President of Abuja Chamber of Commerce, Tony Ejinkeonye

President of Abuja Chamber of Commerce, Tony Ejinkeonye

The Abuja Chamber of Commerce and Industry (ACCI), has said it may have a tough time convincing member states of Economic Community of West African States (ECOWAS), to attend its forthcoming trade fair due to anxiety expressed over the continued fall of the naira.

The Chamber said ECOWAS member states have expressed fear of incurring losses as the rate of exchange of Naira to dollar will adversely affect their pricing at the fair adding that breaking even may be a tall dream.

The President of the Chamber Tony Ejinkeonye dropped this hint in Abuja, at a preparatory meeting held with the media to sensitise the public on its upcoming trade fair scheduled to hold between 22nd of September through 8th of October in the capital city.

He said the Chamber is however in discussion with the member states to address their fears, adding that ECOWAS forms a major bloc in the activities of the Chamber.

He prescribed proper engagement of youths as the only panacea to ending militancy in the country.

He said the fair, with the theme, ‘Make it in Nigeria’ is specifically tailored towards encouraging small and medium enterprises (SMEs), to see Nigeria as a land of opportunity where investments can grow thereby boosting the economy of the country.

He said the sad reality of yearly turn out of thousands of youths from tertiary institutions with no possible availability of jobs is a reality government should face head on and proper solutions in the area of making SMEs its priority while citizens should on their part know that boosting the economy should not be left for President Buhari alone.

He noted that jobless of youths is now being used as perpetrators of evils just because they do not have anything meaningful for to do with the time they have in abundance.

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