FG Lauds LCCI Over Lagos International Trade Fair Economic Impacts

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Lagos Chamber of Commerce and Industry
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(Last Updated On: 2016-11-10)
Sherifah Oyediran
The Federal Government of Nigeria has commended the efforts of the Lagos Chamber of Commerce and Industry (LCCI) towards encouraging entrepreneurial spirit, through the introduction of the  annual trade exhibition, the Lagos International Trade Fair.
The Minister of Industry, Trade and Investment,  Mr Okechukwu Enelamah made this call during his official visit to Tafawa Balewa Square, one of the venues of the fair in Lagos.
The minisister maintained that the trade fair had, over the years, been able to add value to the nation’s business environment and also transforming the country from being a job seeker to job producer

Okechuwu said that the solid relationship between the government and the private sector is timely and would consequently  turn around the economy of the country.

The minister noted that Nigerians would soon begin to reap the positive impact of the Memorandum of Understanding, (MoU), recently signed   between Nigeria and Singapore.
Also,  the Director General of LCCI, Mr Muda Yussuf said the importance of this year trade fair was to encourage and create enabling environment for the business community.
He said this year’s event has specific focus on people who have interest in starting their own business both in Nigeria and from diaspora.
Muda disclosed that the 2016 trade fair provided an opportunity to exhibitors to display their products and services such as various kind of machines used in producing products as well as to display locally produced products from Nigeria.

He stressed that the artisans and the SMEs have strong believe in the country’s economy as majority of them turn out to the fair, adding that there was just a slight differences between the last year and the 2016 Lagos international trade fair.
The DG urged the government to provide lasting solution to the country’s economy.
He also emphasized the need for government to urgently fix electricity, adding that, “address the interest rates on the loan for the business people as the interests rates was too high,rehabilitation of roads,transportation, foreign exchange and also the port as people complain alot on the problems faced for bringing out their goods at the port to aid smooth running of business in the country.”

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