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Lagos government, investors to leverage LITF for new opportunities, networks


Lagos State Deputy Governor, Dr Idiat Adebule.

The Lagos State Government has stated that it would leverage new opportunities and network generated from the just concluded Lagos International Trade Fair (LITF) to drive enterprise development and economic growth for the country at large.

The Governor, Lagos State, Akinwunmi Ambode, expressed the hope that numerous trade experiences of the LITF would translate to increased GDP of the State, enhance social economic capital for its citizenry through the temporary jobs, new investments, business opportunities and networks that have sprung up over the last 10 days.

Ambode, who was represented by the Deputy Governor, Idiat Adebule, at the closing ceremony of the LITF, said: “Being the premier international trade Fair in Nigeria and the flagship of world-class trade and business exposition in the West African sub region. It is not surprising that the Lagos International Trade Fair is always an eventful experience for buyers and sellers, producers and consumers, business and governments both locally and internationally.

He however commended the Lagos Chamber of Commerce and Industry (LCCI), for its consistency in hosting the fair, while also calling on local and foreign investors to take advantage of the abundant investment opportunities waiting to be explored.
“Our State is investor-friendly and with your partnership, we are committed to doing more,” he said.

Also speaking at the event, the President, LCCI, Babatunde Ruwase, said despite the evident limitations of the business environment, infrastructure challenges and the state of the economy, the chamber was able to hold a successful fair, pointing out that the Nigerian business community and foreign investors have again demonstrated their confidence in the Nigerian economy.

“It is our hope that the governments at all levels would continue to address the issues of enabling environment in the country, especially as regards infrastructures. We need to do this in order to fully harness the huge enterprising resource of domestic and foreign investors for the diversification of our economy and the welfare of our people,” he urged.

According to him, exhibitors and the chamber are faced yearly with the challenge of construction of many temporary structures and rental of tents and other facilities for the fair, saying that most of these structures would be demolished or removed immediately after the fair.

“The cost to us is unbearable. We have to provide virtually all the facilities from generators to mobile toilets. We seek your intervention in this respect,” he said.

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