August 9, 2013

SMEs: Lagos unveils plans to promote locally made products

SMEs: Lagos unveils plans to promote locally made products

By Olasunkanmi Akoni

As part of effort to promote Small and Medium Enterprises, SMEs, the Lagos State Government has concluded plans to host the year 2013 domestic trade fair tagged Eko Expo, aimed at promoting locally made products in the country.

Special Adviser to Governor Babatunde Fashola on Commerce and Industry, Mr. Oluseye Oladejo, who disclosed this in Ikeja, said foreign exhibitors from Indonesia and China were among the various organizations that have indicated interest to participate in the fair billed to hold at Lekki Free Trade Zone.

Oladejo, explained that the government is organising the coming expo in collaboration with the Lekki Free Zone Development Company, as a result of the successes recorded with last year’s fair, where a total of 175 investors participated. He said the fair would further promote investment opportunities available at the zone, as well as provide platform for operators in small and medium scale industries to showcase what they do.

According to him, “The choice of Lekki Free Zone as the venue for this year’s fair is to familiarise the business community with the peculiar incentives offered by the zone and the need to invest therein.”

He listed such incentives to include, complete tax holiday from all federal, State and Local governments, taxes, rates, customs duties and levies; one-stop approval for all permits, operating license and incorporation papers.

Others include; Duty free, tax-free import of raw materials and components destined for re-export; duty- free capital goods, consumer goods, machinery, equipments and furniture among others.

The Special Adviser said the ministry will make provision of a free shuttle buses that will be stationed at Oriental Hotel along Lekki-Epe road to convey interested people to and fro the fairground all through the seven days that the fair will last.

“This is meant to assist visitors to get to the fair venue with ease, in addition to accommodations available at the zone for exhibitors to make their stay during this period comfortable.”