According to the Lagos Chamber of Commerce and Industry (LCCI), the Lagos International Trade Fair (LITF) in 2022 will serve as a one-stop shop for promoting small and medium-sized enterprises (SMEs), as well as domestic and international companies, to achieve trade, commerce, industry, and investment in the real sector of the economy.
During a media discussion on the Lagos International Trade Fair, Vice President and Chairman of the LCCI’s Trade Promotion Board, Engr. Leye Kupoluyi made the comments regarding the preparations being made to host the best trade fair ever.
In order to showcase their goods, Nigerian SMEs are anticipated to take centre stage in B2B (Business to Business) interactions, according to Kupoluyi, who also noted that SMEs continue to be the lifeblood of Nigeria’s real sector of the economy.
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In addition, he noted that 13 African nations had so far expressed a desire to attend this year’s LITF and visit Nigeria to exhibit their goods, recognising that Nigeria serves as the continent’s economic and trade hub.
He also mentioned that significant, influential international organisations from the United States, the United Kingdom, the Republic of China, India, and other countries will be present at the 2022 Fair.
Regarding SMEs, LITF is actually for SMEs; we provide a platform for them to interact with both international and African businesses. That is LITF’s main goal. For them to sit down and conduct business, we developed the B2B (Business to Business) model. As a result, we are inviting SMEs from Nigeria to the LITF. The LITF is your best chance to sell your goods if you haven’t sold much this year. We have customers, people who come to our location to purchase goods. That characterises LITF. The SMEs are always present to promote their companies, as I previously stated.
Regarding the participation of international organisations in the LITF, Kupoluyi stated: “The platforms we are providing for this year’s Lagos International Trade Fair are large enough to house local and foreign business owners. For instance, the fairground, which is about 40,000 square metres, is a place where any business can thrive and excel. We have been in constant communication with international organisations so that we can actually bring them to the platform and enable them to flourish in terms of excellence through what they do as a business forum.
“The Indian Chamber of Commerce and Industry and I met. They actually want to add about 30 organisations to this platform, and we have been in regular contact with foreign organisations through their marketing agencies. These organisations also want to be included on this platform.
The LITF this year will be “mind-blowing, different from what we’ve had in the past, and it will promote trade, commerce, and investment in the real sector of the economy,” he continued.