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LITF records 1,500 exhibitors as Lagos assures investors of improved environment

By Femi Adekoya
16 November 2021   |   2:46 am
Lagos State Governor, Mr Babajide Sanwo-Olu, while declaring the 2021 Lagos International Trade Fair closed, assured investors of an improved business climate to make the state of Africa

Lagos State Governor, Mr Babajide Sanwo-Olu, while declaring the 2021 Lagos International Trade Fair closed, assured investors of an improved business climate to make the state Africa’s model city by 2025.

Themed “Connecting Businesses, Creating Value”, the Lagos International Trade Fair (LITF) organised by the Lagos Chamber of Commerce and Industry (LCCI), attracted about 1,500 exhibitors from Nigeria, Ghana, Benin Republic, Rwanda, Kenya, Uganda, Egypt and China.

Sanwo-Olu, represented by his Deputy, Dr Obafemi Hamzat, assured members of the business community that his administration was committed to improving the business environment towards making it more attractive to investors.

“We have also not relented in our efforts in the areas of ensuring improved power supply and enhanced internet connectivity which is a major component of the smart city project.

“I will not fail to mention the massive investment in stepping up the capacity of our security architecture which has ensured that Lagos State remains one of the safest states in Nigeria.

“We shall continue to place a high priority on key infrastructure that would make our state safe, secure, functional and productive as an impetus towards achieving sustainable economic growth through highly-motivated and vibrant private-sector participation,” he said.

LCCI President, Mrs Toki Mabogunje, urged the government at all levels to continue to address the issues of infrastructure, insecurity, and right policies.

“We need to do this for the diversification of our economy to fully harness the huge enterprising resources of our people,” she said.

Also, Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs Lola Akande, said the government would continue to partner LCCI for the success and sustenance of the yearly event.

Akande said the government’s participation in the fair was one of the many ways it was promoting and supporting Micro, Small and Medium Enterprises (MSMEs) in the state.

“Lagos State is one of Nigeria’s most endowed economies and has a lot of business opportunities with a vast high-skilled pool of human resources.

“With the economic situation of our country today, it is imperative that the government and small entrepreneurial and innovation-driven businesses buckle up by growing and sustaining an economy,” she said.

Akande said the government was taking giant strides to create an enabling environment for entrepreneurship development and business prosperity.

According to her, its focus is on the development of physical infrastructure and other business support processes to enhance the economic competitiveness and productivity of small enterprises in the state.