(3 minutes read)
Lagos International Trade Fair which is scheduled to be held from November 3-12 with a primary objective to enhance trading activities both within Nigeria and across the African continent and under the African Continental Free Trade Agreement (AfCFTA). The event held at the iconic Tafawa Balewa Square (TBS) in Lagos, holds the theme “Connecting Businesses, Creating Value.”
Now in its 37th edition, the annual fair will witness the simultaneous hosting of various specialized fairs throughout its ten-day duration. A standout feature for business owners to anticipate is the ‘Africa Hall Project,’ an initiative that unites entrepreneurs from across the African continent under one roof. This project, which began six years ago, aims to bolster intra-African trade under the AfCFTA.
Leye Kupoluyi, Chairman of the Trade Promotion Board at the Lagos Chamber of Commerce and Industry (LCCI) revealed that representatives from almost all 54 African countries have been invited to participate, and discussions with interested exhibitors from various African nations are already in advanced stages.
In addition to fostering trade, this year’s event acknowledges the invaluable contribution of the creative and entertainment industry to the Nigerian economy. An entertainment village will be established to celebrate this vibrant sector.
Furthermore, the 2023 Lagos International Trade Fair will feature a tech hub known as the ‘LITF Tech Hub.’ This pavilion will serve as a platform for techpreneurs specializing in telecommunications, software, and information and communication technology (ICT) to showcase their innovative products and services. Tech enthusiasts will have a dedicated space to explore cutting-edge technological advancements, effectively expanding upon the legacy of the ICTEL Expo and Conference held annually in July.
With a focus on connecting businesses, creating value, and advancing intra-African trade, the 2023 Lagos International Trade Fair promises to be a pivotal event on the continent’s economic calendar, uniting entrepreneurs and innovators from far and wide
Read Also:
https://trendsnafrica.com/nigerias-apm-terminals-to-invest-us-438-million-to-upgrade-facilities/
https://trendsnafrica.com/flutterwave-of-nigeria-is-on-an-expansion-mode/
https://trendsnafrica.com/nigerias-bayport-to-list-in-london-by-2020/
The AfCFTA is one of the flagship projects of Agenda 2063 and is a high ambition trade agreement, with a comprehensive scope that includes critical areas of Africa’s economy, such as digital trade and investment protection, amongst other areas. By eliminating barriers to trade in Africa, the objective of the AfCFTA is to significantly boost intra-Africa trade, particularly trade in value-added production and trade across all sectors of Africa’s economy.
