LCCI to Boost Intra-African Trade with Trade Fair
The Lagos Chamber of Commerce and Industry (LCCI) has announced plans to boost intra-African trade with its Lagos 2022 International Trade Fair.
This decision, according to the Chamber, is appropriate given the low level of trade between African countries, currently estimated at 14%, according to reports.
In an exhibitor conference, Chairman, Trade Promotion Board, LCCI, Engr. Leye Kupoluyi, said that so far the annual trade fair has served as a gateway for new businesses in the country over the years.
He said that according to the latest count, about 71% of businesses coming to Nigeria pass through Lagos.
“We plan to use this opportunity to boost intra-African trade to Nigeria as Nigeria still has manufacturing companies here so we need to use the fair to move their goods across the border to earn the hard currency which we need so much. We used our trade show platform as a gateway to enter Nigerian markets,” he said.
He said, however, that this year’s fair will exceed the number of visitors it had recorded at previous fairs.
In his words: “This year would replace what we used to have in the past. We are expecting no less than 5,000 exhibitors and up to one million visitors, compared to over 750,000 we had previously.
He added that cross-border trade would also create many opportunities for many Nigerians to invest across the border.
“Therefore, it is a way of exposing Nigerian companies to the world and you know that if these companies are great, the Nigerian economy will get better too,” he added.
He assured attendees and exhibitors of a smooth show, adding that essential infrastructure has been put in place to give exhibitors and visitors much-needed comfort to go about their business.
In their response, exhibitors urged the chamber to provide stand access maps to facilitate logistics and proper planning, while asking the chamber to address issues related to unavailability and price instability. tickets.
They also stated that it was necessary to have all their documentations ready before the start of the fair later in the year, while expressing their commitment to supply only goods and services that meet the ever-changing demands of Nigerians.