| The Lagos International Trade Fair (Organised By The LCCI)
Fair Dates: November 2 - November 11, 2001
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|Brief History||Daily News Exhibitors Access/Getting There 2000 Highlights About The LCCI|
|2001 Lagos International Trade Fair|
|2001 Lagos International Trade Fair|
Brief History/Information on the Lagos International Trade Fair
The Lagos international Trade Fair is the Premier International Trade Fair in Nigeria; the spectacular ten days event which usually begins on the first Friday of November of each year, started in 1981. The oldest and the most influential Chamber of Commerce in Nigeria, that is, the Lagos Chambers of Commerce and Industry took over the organization in 1986. Within this period, the Lagos International Trade Fair has grown tremendously in popularity, to become a leading forum for trade and business promotion in Nigeria, and indeed in Africa. In recognition of its great importance and usefulness, increasing numbers of exhibitors and visitors from all over Nigeria and the world are taking keen interest in patronizing the Lagos International Trade Fair.
The Lagos Chamber is uniquely aware of the high standard expected of an International Trade Fair, thus it is constantly striving to live up to the high expectation of the public. More over, the Chamber comprise of the cream of Nigeria’s top business personalities and organizations, who are able and ready to enter into business interaction with their counterparts all over the world.
The Fair holds in Lagos, the industrial and commercial heartland of Nigeria which is easily accessible by air, sea and by land. Most of the reputable national and international business organizations are represented in the city. The Fair holds in Nigeria, Africa’s most populous country, and one of the continent’s richest nation. With a population of over 120 million people, huge oil wealth, and other abundant natural resources, Nigeria certainly represents an irresistible market beacon and valuable business arena.
Historically, the Fair has attracted both local and foreign exhibitors. Since 1981 when the Fair started, the participation of local and foreign exhibitors have been growing at an estimated average annual rate of 21 percent and 24 percent respectively. Exhibitors have been attracted from countries as near as the neighbouring West African countries of Ghana, Ivory Coast, Cameroun and from far flung countries as Austria, Germany, Romania, Poland, USSR, Italy, Japan, Argentina, Iran, Egypt, China, Netherlands, Czechoslovakia, Brazil, India, Korea, the United Kingdom and the United States of America.
In terms of patronage the Lagos International Trade Fair attracts numerous visitors from all over Nigeria and different parts of the world. About 150,000 visitors attended the 1999 Fair, and over 200,000 attended the 2000 fair.
The Fair is normally held in a purpose-built complex with all the necessary facilities such as electricity, water, telephone and fax to provide a favourable setting for business interactions. However, since the 1996 edition, the venue of the fair has temporarily shifted to the Tafawa Balewa Square, in the heart of Lagos Island Local Government Area of Lagos State, pending the rehabilitation of facilities at the Trade Fair Complex. Nonetheless, all the necessary facilities are also available at the Tafawa Balewa Square. Competent and experienced members of the Trade Fair Committee, staff and contractors of the Lagos Chamber of Commerce and Industry are ever ready and willing to assist participants at the Fair in procuring entry passes and in clearing goods meant for exhibition. Moreover, the Lagos Chamber of Commerce and Industry is able to provide up-to-date business information and to attend promptly to enquiries from exhibitors and visitors to the Fair.
The Lagos International Trade Fair enjoys a spectacular wide publicity on radio, television, and the print media throughout its 10-day duration and beyond; thereby presenting a unique opportunity for exhibitors to advertise their products, services, inventions, and innovations to the Nigerian audience. The Fair is fully supported by the Nigerian Government, and is usually well attended by numerous Government agencies seeking new ideas, inventions and innovations necessary for the attainment of the objectives for which they were set up.
Moreover, eminent dignitaries and decision makers from all over Nigeria create time to visit the Fair. The Fair brings into focus the full potentials and business opportunities existing in Nigeria.
Visitors from the Commonwealth require an entry permit; other visitors require a visa. Both should be obtained in advance. The application should include a letter of invitation. Processing will take at least two days.
AIR TRAVELS: Main International Airports are the Murtala Mohammed International Airport in Lagos (22KM from the center of Lagos); Kano International Airport (8KM from the city center); Port-Harcourt International Airport and the Nnamdi Azikiwe International Airport, Federal Capital Territory, Abuja.
Nigeria, with its vast potential market, immense natural resources, high level of domestic consumption and rapidly expanding economy, offers very ample business opportunities to businessmen, industrialists and foreign investors.
With an estimated average population growth rate of 2.83 percent per annum and a population currently estimated to be over 120 million people, Nigeria is a sizeable market for the products of industry.
It is instructive to note that the investment environment in Nigeria is now friendlier. Apart from the promulgation of the Investment Promotion Commission Decree of 1995 to promote foreign investment, various efforts are being made to improve infrastructural services delivery in the economy. Government commenced the privatisation of some State enterprises involved in the provision of infrastructural services to allow for competition and profit generation. Government has also abrogated or amended laws and legal provisions found to inhibit competition in the economic sectors.