LCCI to boost intra-African trade with fair
The Lagos Chamber of Commerce and Industry (LCCI) has announced plans to boost intra-African trade with LCCI to boost intra-African trade fair in this year’s Lagos International Trade Fair.
The move according to the Chamber, is apt, considering the low level of trade between African countries currently put at 14 per cent.
In an exhibitors’ parley, the Chairman of Trade Promotion Board, LCCI, Leye Kupoluyi, said so far, the yearly trade show has served as a gateway for new businesses into the country over the years.
He said according to the last count, about 71 per cent of the businesses coming to Nigeria are coming through Lagos.
“We are planning to use this opportunity to boost intra African trade into Nigeria, because Nigerian still has manufacturing companies here, so we have to use the fair to get their goods across the border to earn the much-needed foreign exchange. We have used our trade Fair platform as a gateway into getting into Nigerian markets,” he said.
He, however, stated that this year’s fair would supersede the numbers of visitors it had recorded in the past fairs.
In his words: “This year would supersede what we used to have in the past. We are expecting nothing less than 5000 exhibitors and up to a million visitors, up from over 750,000 that we used to have.”
He added that cross border trade would also create a lot of opportunities for many Nigerians to invest.
Therefore, it is a way to expose Nigerian businesses to the world and you know if these companies are great, the Nigeria economy will be better too,” he said.
He assured participants and exhibitors of a hitch-free trade fair, adding that critical infrastructure has been put in place to give exhibitors and visitors the much needed comfort to go about their activities.
In their response, exhibitors urged the Chamber to provide access maps to booths to aid easy logistics and adequate planning, while also calling on the chamber to address issues relating to unavailability and price instability of tickets.
They also stated the need to have all their documentations ready before the fair begins later in the year, while also expressing their commitment to providing only goods and services that meet the ever-changing demands of Nigerians.