Business Headline News

Lagos launches 36th Trade Fair

President Muhammadu Buhari has declared the 36th edition of the Lagos International Trade Fair open with a pledge to continue to provide an enabling environment for business, especially manufacturing and export to thrive.

The President noted that Nigeria’s signing of the African Continental Free Trade Agreement, AfCFTA, would be a great opportunity for the country as international trade recorded a surplus of N3.2tn between January and June this year.

He said this could be better with collaboration of both the public and private sectors to help boost the demand for Nigerian products by aggressively pursuing value addition and improving on the quality of goods originating from the country.

Represented by the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, the President described the Lagos International Trade Fair as a great opportunity to showcase the country’s capacity to produce to International standard.

On his part, Governor Babajide Sanwo-Olu commended the Lagos Chamber of Commerce and Industry, LCCI, organizers of the fair for being an unrelenting partner especially through its policy advocacy which he said has been yielding positive results.

The Governor urged the Chamber to continue to initiate and develop more opportunities for supporting businesses, especially young entrepreneurs, who have the potentials of re-writing Lagos State’s business history and revitalizing Nigeria’s economic fortune.

Over the next ten days, Lagosians and visitors to the State will have the opportunity to shop for consumer goods at subsidize prices at the Fair.

Reporting by Omolara Omosanya, Editing by Marian Benjamin and Annabel Nwachukwu