The Lagos Chamber of Commerce and Industry (LCCI) says over 100 foreign and 300 local exhibitors have indicated interest to feature at this yearâ€™s Lagos International Trade Fair.
The Director General of the LCCI, Mr.Muda Yusuf, disclosed in Lagos on Monday that the chamber had intimated all the embassies in the country about the fair.Yusuf said that the aim was to ensure that the embassies sensitised all investors in their various countries about the fair because the chamber had plans to make this yearâ€™â€™s fair a memorable one.
He said that there was no plan to hold the fair at the new site at Epe because the chamber was still in the process of perfecting the ownership of the site. He said that funds would soon be mobilised for the development of the site, which would be one of the best in the continent when completed.
This yearâ€™s edition of the fair will hold in November at the Badagry International Trade Fair complex. He said that unlike in the past, more halls would be used by exhibitors at the trade fair because most halls were always idle during the past fairs.â€œWe want to make use of some facilities in order to give the fair a new outlook. We will also have a number of pavilions that will be air-conditioned and we encourage people to take large space and upgrade the facilities under the pavilion,â€ he said.
According to Yusuf, the chamber will be collaborating with the Lagos State Traffic Management Authority (LASTMA) and Federal Road Safety Commission (FRSC) to ease traffic congestion along the route. We will also collaborate with the Federal Ministry of Works and Housing (FMWH) to fill pot-holes along the route and there will also be arrangement with the Lagos Metropolitan Area Transport Authority (LAMATA) to make sure that more buses ply the route during the trade fair,â€ he said.Yusuf explained that the LCCI was looking toward getting local partners in the media, banking, industry, insurance, telecommunications and automobile sectors for the fair.
Yusuf said that the global financial meltdown would in no way have any adverse effect on the fair.â€œInstead, it will only help in boosting the fair because more people are looking for new markets and also looking onto Africa to boost their sales,â€ he said. Reacting to the ongoing reform in the banking sector, Yusuf said: â€œthere is credit squeeze in the economy, it is affecting business, most businesses are having liquidity challenges, they are not getting funds as they are used to.â€ He said that this yearâ€™s edition of the fair is scheduled to hold from the Nov. 6 to Nov. 15 at the Badagry International trade fair complex.