Chairman, Trade Promotion Board, LCCI, Mr Gabriel Idahosa addressing the press recently on Lagos Trade fair issues
Contrary to major expectations, findings from the Friday opening ceremony of the Lagos International Trade Fair 2024 suggest that public attendance and number of exhibitors are less than those of previous years, a development many analysts credited to ongoing economic hardship in the country. Checks at the exhibition arena between first to the third day which is yesterday, upon free entry of both exhibitors and attendees show near low population
The trade fair opening ceremony with the theme: “Connecting Businesses, Creating Value,” was declared open on Friday at the Banquet Hall, Tafawa Balewa Square (TBS), Lagos by the Deputy Governor, who stood in for Governor Babajide Sanwo-Olu.
In his welcome address, the President, of the Lagos Chamber of Commerce and Industry, Mr. Gabriel Idahosa stated that the Lagos International Trade Fair stands as a beacon of opportunity, offering enterprises the platform to showcase resilience-driven solutions, explore synergies, and drive sustainable growth in Nigeria and the wider region.
He disclosed that this year’s Trade Fair holds special importance as Nigeria navigates an era of economic adjustment marked by challenges and opportunities. He added that from the disrupting pressures of inflation rates to a volatile foreign exchange market, the economy has faced complex policy options that have pushed businesses across all sectors to build resilience, innovate, and build collaborative networks for survival. Idahosa added that to cushion the current economic condition, the 2024 Lagos International Trade will offer free entry to all visitors throughout the 10-day event.
He said, “We have taken substantial measures to ensure that all attendees, exhibitors, and visitors alike enjoy a safe, welcoming, and vibrant atmosphere. Security arrangements have been reinforced to guarantee a smooth experience, allowing guests to engage freely in the event and explore the vast array of exhibitions, product showcases, and cultural displays on offer.”
