2001 Lagos International Trade Fair Home Page  The Lagos International Trade Fair (Organised By The LCCI)
                                                                  Fair Dates: November 2 - November 11, 2001 

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2001 Lagos International Trade Fair
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2001 Lagos International Trade Fair

Peugeot and Mercedes Vie for Attention (Posted 7th Nov, 2001)

"Things are quite cheap here", commented Mr. Tope Osonuga when asked to give an opinion about the fair, "I was able to get more value for my money". As the fair enters its sixth day, the number of daily visitors is on the increase. One Mr. Bola claims to be visiting the fair the third time since it began on Friday November 2. The explanation for his actions is simple; the initial visit is to survey the products on display, the second visit was to buy a few things he can convey and this third is to complete his purchases. There are a number of people in this category, and in a way this might explain the large daily turnout.

Visitors who are interested in ultra modern automobiles should not miss visiting the Peugeot stand. The French carmaker had on display a variety of cars on display especially the new Peugeot 607, described as a smooth, elegant and sensual, it is a car worth owning. The car is fitted with different hi-tech gadgets like the rear parking aid system which aids parking manoeuvres, automatic headlights, driving position memory, intelligent maintenance indicator, rain sensor front wipers, radiophone (a GSM telephone module built into the car radio), multifunction remote control among others. The car is a wonder on wheels.

The German pavilion also displayed a wide array of automobiles from Mercedes the Benz range to Grand Cherokees. The new C-class Sports Coupe Mercedes Benz was on display it is awesome to behold with sleek interior and exterior. The CLK 500, SLK 500 and S500 were part of the Benz products on hand. With such beautiful cars on display, many visitors were busy taking snap shots of themselves beside the vehicles at least to keep their dreams alive. Also on the ANAMMCO stand, a heavy automobile and spare parts company, the star was the Mercedes Benz Transit liner luxury bus. They also had wide range of original Mercedes Benz spare parts at their stand.

In planning for future eventualities you need an insurance premium, though in this part of the world insuring life and property is not the norm but the September 11 incident in America has glaringly shown the world the benefit of insurance. Over 8 insurance companies were represented at the fair, African Alliance Insurance Company Ltd popularly known as AA is one of such companies. With five different policies and plans on display, they intend to reach all wage brackets. The Master Plan Policy is an investment plan that guarantees the extra security of life insurance cover. They also have the Personal Pension Plan, Mortgage Protection Plan, Educational Endowment Policy and Couple Accord Plan.

Industrial and General Insurance Company Limited (IGI) which began its activity in March 1992, has a diversified investment portfolio with interests in Banking, Computers, Forestry, and Telecommunications. It is the first private insurance company in Nigeria to hit the 1 billion Naira mark in 1996.Tthe company has become a leader in specialized areas of Oil, Energy, Engineering, Aviation, Medical insurances and Risk Management, aside the conventional General Insurance.

The bilateral Nigerian-French Company Limited was not left out at the fair this year. The company began full-fledged operation in Nigeria in 1988, and is a joint venture between Nigerians and SCOA  international. The company is steered wholly by Nigerians at the management level. Their Blue-Chip Assurance Plan is reputed to arrange your financial programme to provide security for you and your family. 

Also on hand is one of Nigerian insurance giants, the National Insurance Corporation of Nigeria (NICON) a government-controlled agency. It displayed its newest "win-win" plan which is tagged the Personal Investment Life Assurance "PILA". Some other insurance companies were also seen quickly putting their acts together at the fair. One of such is Corner Stone Insurance Company.

Today was billed for four States; Yobe State, Bayelsa State, Sokoto State and Bauchi State. The number of visitors today appears at par with yesterday's. Yesterday, about 30,000 people came to the Fair.

Tomorrow, we shall be featuring the Information and Communication Technology sector.

NigeriaBusinessInfo.com

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