Skip to main content

Lagos Trade Fair will address economic recession – LCCI

Mr Muda Yusuf, Director-General Lagos Chamber of Commerce and Industry (LCCI)

Mr Muda Yusuf, Director-General Lagos Chamber of Commerce and Industry (LCCI)

The Lagos Chamber of Commerce and Industry (LCCI) says the 2016 Lagos International Trade Fair (LITF) would open opportunities to address the current economic recession in the country.

Mr Sola Oyetayo, LCCI Vice Chairman, disclosed in Lagos on Wednesday that the fair would provide opportunities to look inwards and boost capacity.

“This fair will open a window of opportunities to take advantage of the current situation in the economy to take action.

“This is not the time to pass blames on anyone but to take up responsibility and contribute our quota to the growth of the economy,’’ said the LCCI boss.

He said that the economy had been diversified to a certain level, with the new awareness on patronage of made-in-Nigeria goods and services, but added that more work needed to be done.

“This fair will attract more foreign investors because there is a lot of interest in the country, as the economic diversification efforts increase.

“There will be over 500,000 visitors from all over the world, and so many SMEs will grow to multinationals through this year’s fair.

“This is because the array of opportunities will come from products where we have comparative advantage,” Oyetayo said.

He said that 22 states of the federation had already registered to participate while hundreds of small and medium companies as well as banks and other multinationals would be showcasing at the fair.

“This year’s fair will hold from Nov. 4 to Nov. 13 2016, and it will mark the 30th anniversary since the LCCI took over the organisation of the fair from the Federal Government,” Oyetayo said.

He appealed to the government and relevant agencies to support in truly delivering the nation from over-dependence on importation and crude oil earnings.

Labels:

Comments

Post a Comment

Popular posts from this blog

Houthis Claim Attack on Central Israel in Response to Gaza ‘Massacres’

The ongoing conflict between Israel and Hamas has taken a concerning regional turn as the Houthi rebels in Yemen claimed responsibility for an attack on central Israel. The group announced this as part of their escalating response to what they describe as "massacres" in Gaza amid the Israeli military’s operations in the strip. Details of the Attack The Houthis, a Shiite militant group with ties to Iran, declared that they launched missile and drone strikes targeting Israel. While the exact impact of these attacks remains unclear, reports suggest that Israel’s defense systems intercepted several threats over its airspace. This marks a significant escalation as the Houthis widen their involvement in the conflict beyond their typical operations within Yemen and neighboring Saudi Arabia. The Houthis’ Justification In their statement, the Houthis framed the attack as retaliation for Israel’s military actions in Gaza, which they characterized as indiscriminate bombings resultin...
Post a Comment
Read more

Fire: UniJos Senate convenes emergency meeting on Monday

Fire at the University of Jos Library University of Jos is to convene an emergency senate meeting on Monday to review the level of damage done to the institution by the Saturday night inferno. The Vice Chancellor, Prof. Sebastian Maimako, disclosed this on Sunday after inspecting areas affected by the incident. The fire, which lasted for more than six hours, destroyed the Library Complex that equally houses the faculties of management and social sciences. The fire also destroyed examination scripts, books and very crucial materials. Consequently, the vice-chancellor said “the Senate will meet tomorrow (Monday) to take a decision about the unmarked examination scripts that were burnt.” On the cause of the inferno, Maimako said investigation had commenced, adding that “nothing has been confirmed yet. We are still investigating.” The vice chancellor said the school was already working with federal authorities toward establishing a main fire station since the mini fire station in t...
Post a Comment
Read more

NDLEA arrests 252 suspects, seizes 3,073 kg Indian hemp

NDLEA operatives The NDLEA in Niger on Monday said that it had arrested 252 suspects and seized 3,073.9 kilogramme of Indian hemp(cannabis sativa) in the state. The NDLEA Commander in the state, Mr Joseph Iweajunwa, who disclosed this in Minna, said that the operations were carried out between January and September. “Our operations in Niger State from January to September 2016 led to the arrest of 252 suspects and seizure of 3,073.997 kilogramme of cannabis sativa,’’ he said. Iweajunwa said that within the period, the agency also seized 1, 530 litres of liquid drugs, especially cough syrup with codeine. He said the NDLEA also counselled and rehabilitated 90 drug addicts in the state within the period under review. The agency, he added, secured convictions of only nine of the suspects because the judge at the Federal High Court, Minna, went on leave. “ Now that the judge has resumed more suspects will be tried,’’ he said. He advised motorists, especially commercial vehicle dri...
Post a Comment
Read more