2017 Lagos International Trade Fair Will Enhance Economic Growth – Ambode

Gov. Akinwunmi Ambode of Lagos State has said the 2017 Lagos International Trade Fair (LITF) will be an avenue for collaboration toward enhancing economic growth.

Ambode noted that the previous edition of the event was held amid economic recession, but now, the economy had not only exited recession, but had received positive global rating.

According to him, the rating has shown an improvement in the country’s Ease of Doing Business ranking of the World Bank.

“This positive development is the cumulative effect of policies and reforms being implemented diligently to ensure a conducive environment for business growth and development,” he said.

The governor said the large turnout of participants, networking events and volume of transactions recorded yearly are testaments of the trade fair’s relevance in boosting national economic growth and recovery plans.

In her comments, Mrs Nike Akande, President of LCCI, said that the theme of the fair was to highlight the critical importance of industrialisation in the nation’s economic recovery and diversification process.

“There is perhaps no better time to do this than now. This is the time to focus more on the non-oil sector for diversification.

“The non-oil economy is more inclusive and integrated. It is also more growth-oriented, characterised by high economic linkages, stable, and above all, more sustainable,” she said.