About 800 Chinese firms are expected to participate in the 2019 edition of the Lagos International Trade Fair.
The Managing Director, MD Perspective Limited, Chief Morenike Dele-Alimi, explained that 200 companies were approved by the Chinese government to participate in each of the four exhibition sectors in the fair, which will hold between November 1 – 10, 2019.
The exhibitions will be organized by United Asia International Exhibition Group, authorized by the Ministry of Public Security of the Peoples Republic of China in conjunction with the Chinese government.
Recall that Nairametrics reported that the Consul General of the People’s Republic of China, Mr. Chu Maoming revealed the plan of the Chinese government to partner with the Lagos State Government to increase trade in Lagos.
This partnership between the Chinese and Lagos State Government has fostered this upcoming trade fair.
Dele-Alimi noted that owing to the vast population and the corresponding size of Nigeria’s economy, the country remains an attractive investment destination for global businesses.
She explained that the exhibitions would provide economic and commercial bridges between local and international investors and provide platforms to broaden the horizon and scope of investment opportunities for Nigerians.
“We are glad to note that Nigerian counterparts are being sensitized to participate in the B2B (business to business) events, and are currently being matched with corresponding businesses to ensure that we have short but fruitful business meetings during the events.
“With the continued recognition of the role of the private sector in the economic development in Nigeria and the move by the Nigerian government to transform the nation’s economy, the exhibitions seek to use the medium of trade to support government’s concerted efforts and provide an avenue for both Nigerians and foreigners to have windows of opportunities, not only to interact, but also to strike mutually beneficial business relationships.”
Why this matters: There is already a large population of Chinese people living in Nigeria, Lagos in particular. They run a number of businesses in the country. These exhibitions will, therefore, attract Chinese companies and investors to the country to trade and grow private enterprises while localizing them to help create jobs and in turn grow the economy.