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By Merit Ibe
The Federal Government has declared that Nigeria must not only participate in the African Continental Free Trade Area (AfCFTA) but also take the lead in driving Africa’s most ambitious economic integration project, one that connects 1.4 billion people with a combined GDP of $3.4 trillion.
President Bola Tinubu made this assertion while declaring open the 39th Lagos International Trade Fair, organised by the Lagos Chamber of Commerce and Industry (LCCI). Represented by the Minister of State for Industry, Trade and Investment, John Owan Enoh, the President said the fair offers a platform to build partnerships, foster dialogue, and expand networks that will project Nigerian products from textiles to technology, and cocoa to creative arts—across Africa and beyond.
He assured investors that Nigeria remains open for business, noting that the government is restructuring to create a stable and transparent business environment.
“We are ensuring stable policies instead of sudden reversals; contracts that are honoured, not revisited; transparent incentives for manufacturers, exporters, and SMEs; digitised ports; one-stop shops for business permits; smarter taxation; and faster dispute resolution,” he stated.
President Tinubu described Nigeria as a nation rich in ideas, youthful talent, and boundless potential.
“Let this fair be more than a marketplace. Let it be a platform for innovation, industrial rebirth, and shared prosperity. Every product made in Nigeria is a statement of confidence; every partnership formed here is a step toward collective progress.”
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Declaring the fair open, he expressed optimism that the 2025 edition would mark a new era of collaboration and growth across the continent.
The LCCI President, Gabriel Idahosa, described the fair’s theme, “Connecting Businesses, Creating Value,” as timely and relevant, highlighting its role in fostering economic cooperation and strengthening industry linkages. He commended the government’s participation, saying it reflects its commitment to empowering the private sector to boost production for both local consumption and export.
Idahosa explained that the 10-day event, running from Friday, 7 November to 16 November, will showcase Nigerian creativity, entrepreneurship, and diverse global partnerships. “This year, we introduce a multi-exhibition model—multiple experiences in one grand location, allowing visitors to explore various sectors within a vibrant ecosystem,” he added.
Lagos State Governor Babajide Sanwo-Olu, represented by the Commissioner for Commerce, Cooperative, Trade, and Investment, Folashade Bada-Ambrose, said the fair’s theme aligns with Lagos’ identity as a dynamic hub where vision meets opportunity.
Sanwo-Olu encouraged investors to take advantage of the state’s thriving market and progressive governance. “When you invest in Lagos, you invest in over 23 million dreamers and doers. Our government is deliberate in building strong trade and business institutions, simplifying investment procedures, and creating an enabling environment for businesses to flourish.”
Extending an invitation to international partners, Sanwo-Olu said, “Lagos welcomes Africa, Europe, Asia, and the Americas. Invest here, produce here, trade here. The next growth chapter will be written in cities like Lagos—fast, connected, youthful, and resilient.”
The governor reaffirmed Lagos’ readiness to drive Africa’s trade transformation. “Lagos is ready to connect, compete, and create value for Africa and the world.”
