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Tag: Lagos International Trade Fair

  • Lagos International Trade Fair gets Nov 1 date

    Lagos International Trade Fair gets Nov 1 date

    The 38th edition of Lagos lnternational Trade Fair (LITF) will kick off on the 1st of November through the 10th.

    Briefing the reporters, the Vice President and Chairman, the Trade Promotion Board, Prince Abimbola Olashore said this year’s LITF would be bigger as it is expected to host over a million visitors.

    He said already, over 100 exhibitors from Japan and 350 from China, the European Union, and some African countries have made an effective demand for participation in exhibition space of  19,037m2.

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    Also, he said there would be new programmes incorporated into the fair to make it encompassing such as a hall solely for African Continental Free Trade Area (AFCFTA), where African businesses will be hosted and discussed, Fintech Hub aimed at boosting intra-African trade and Children’s corner where they will be treated with games, foods, drinks while their parents watch them close by.

  • Fuel supply: NNPC seeks to increase retail outlets

    The Nigerian National Petroleum Corporation (NNPC) says it is set to increase its 14 per cent market share in the nation’s downstream petroleum retail market.

    The Group Managing Director of NNPC, Dr Maikanti Baru, said this during NNPC Special Day at the ongoing Lagos International Trade Fair on Thursday in Lagos.

    The News Agency of Nigeria, reports that the fair was organised by the Lagos Chamber of Commerce and Industry (LCCI).

    Represented by Mr Ikem Obi, Chief Operating Officer, NNPC Downstream, Baru said the corporation aimed to go beyond its current 14 per cent market share of the downstream sector.

    “To aid in achieving this target, we have expanded our retail outlets, notable examples are, indeed, located here in the South-West.

    “For example, we have the newly constructed ultra-modern mega station along the Lagos-Ibadan Expressway.

    “The corporation is leaving no stone unturn to ensure that Nigerian Pipeline and Storage Company’s existing infrastructure are rehabilitated and new ones added as necessary steps to guaranteeing efficient storage and distribution of petroleum products across the nation, thereby ensuring supply reliability and energy security,” he said.

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    Baru said NNPC had recently completed the rehabilitation and restoration of the vandalized 36” and 42” QIT and 48” Forcados Oil Terminal (FOT) Export pipelines leading to resumption of production operations.

    “The corporation has also completed the repair of the vandalized 20” ELPS-A pipeline, thereby ensuring gas supply to gas-fired power plants and also supply into the West African Gas Pipeline.

    “We have also awarded the contract for the construction of the Ajaokuta-Kaduna-Kano (AKK) line gas infrastructure projects,” he said.

    He said that NNPC was expanding and integrating its gas pipeline network system to meet the unprecedented domestic gas demand and have recorded significant progress in the execution of key on-going gas pipeline infrastructure projects.

    He said that all these activities would invariably impact positively on the economy in view of the role of the oil and gas industry as the number one foreign exchange earner for the country and NNPC’s position as managers of government interests in the sector.

    Earlier, Mr Babatunde Ruwase, President of LCCI, said that the role of NNPC could not be overemphasised in ensuring petroleum products supply.

    He urged the Federal Government to expedite the passage of the Petroleum Industry Bill (PIB) and also create an enabling environment for businesses to thrive.

  • Bayer’ products on display at Lagos International Trade Fair

    Bayer Middle Africa Ltd has made its first appearance at the Lagos International Trade Fair which started on November 4.

    With the growing need to diversify the Nigerian economy amidst economic downturn, Bayer is bringing  to the fore a wide range of products in the 2016 Lagos International Trade Fair, with her range of life science products cutting across healthcare, pharmaceuticals, crop protection, seeds and high-tech materials.

    The company’s participation in this year’s Trade Fair in Lagos is aimed at supporting the country’s goal of sustainable growth in a diversified economy.

    In the Trade Fair, Bayer will make her presence known, with representation of the Pharmaceutical, Consumer Health, CropScience, and Covestro (formerly Material Science) products, and will be providing technical support and assistance at the Trade Fair ground.

    In line with the country’s development priorities, and as the Lagos Chamber of Commerce and Industry has given special emphasis to agricultural support products, scientific innovation, scientific technologies breakthrough, medication, pharmaceutical and healthcare, Bayer’s presence at the Trade Fair falls in line with the objectives of the fair, and therefore stands out at this year’s Trade Fair.

    Bayer is a Life Science company with more than 150-year history and core competencies in the areas of health care and agriculture. With its innovative products, Bayer is contributing to finding solutions to some of the major challenges of our time. The growing and increasingly aging world population requires improved medical care and an adequate supply of food. Bayer is improving people’s quality of life by preventing, alleviating and treating diseases, and is helping to provide a reliable supply of high-quality food, feed and plant-based raw materials.

    The Pharmaceutical Division of Bayer focuses on prescription products, especially for cardiology and women’s healthcare, and on specialty therapeutics in the areas of oncology, hematology and ophthalmology. The division also comprises the Radiology Business Unit which markets contrast-enhanced diagnostic imaging equipment together with the necessary contrast agents. On the other hand, the Consumer Health Division markets mainly non-prescription products in the dermatology, dietary supplement, analgesic, gastrointestinal, allergy, cold and flu, foot care, sun protection and cardiovascular risk prevention categories. The Crop Science Division of the conglomerate has businesses in seeds, crop protection and non-agricultural pest control.

    It is organized into two operating units, mainly Crop Protection/Seeds and Environmental Science. Crop Protection/Seeds markets a broad portfolio of high-value seeds along with innovative chemical and biological pest management solutions, at the same time providing extensive customer service for modern and sustainable agrobusiness.

  • Buhari to open Lagos International Trade Fair

    President Muhammadu Buhari will launch this year’s Lagos International Trade Fair to begin on November 4.

    The fair with the theme “Positioning the Nigerian economy for diversification and sustainable growth”, th eorganisers said, would explore management mechanics of achieving sustainable growth in the pursuit of diversification.

    The Chairman, Trade Promotion Board, Lagos Chamber of Commerce and Industry (LCCI), Mr. Sola Oyetayo, at a briefing in Ikeja, said the recession may not affect participation in the fair.

    He noted that over 500,000 attendants, 2,000 exhibitors from 22 states and 200 foreign ones were expected from 15 countries including China, Japan, India, Indonesia, Ghana, Egypt and South Africa, among others.

    Oyetayo said the fair would focus on all sectors of the economy through promotion of partnerships and critical interventions. He added that the fair would foster trading engagements and enable exchange of innovations and ideas.

    It will hold at the Tafawa Balewa Square, while the Corporate Business Exhibition and Creative Industry Exhibition wil l hold at the Eko Hotels $ Suites, Lagos.

    Besides regular activities, Oyetayo said a platform had been carved out for secondary school students across Lagos State to compete in an essay writing competition to mark its 30th anniversary.

    “Interestingly, the need to encourage the interest of our children in economic issues cannot be over-emphasised. Our 30th anniversary also features essay writing by secondary school students to evaluate their knowledge and deepen their understanding.

    “In addition, we are hosting an international investment conference to create a platform for local and foreign investors to rub minds on how to truly make their investments sustainable in the different sectors that will be discussed,” he said.

    On how to set the economy on the recovery path, Oyetayo said  sale of national assets may not mitigate the brunt of the recession, adding that the government needed to adopt a solution- based response. He, however, pledged that the chamber would be relentless in prompting the government on possible solutions.

  • Multichoice slashes rates at Lagos International Trade Fair

    Leading video entertainment company, MultiChoice Nigeria, has announced a special offer of the DStv Zapper decoder plus Compact bouquet subscription, at N15,000, a 45%, reduction from the previous price of N28,500. This new offer is only available at the Lagos International Trade Fair. GOtv subscribers will also get to buy GOtv decoders inclusive of one month subscription for N2900 during the Trade Fair.

    In addition to the price slash, DStv and GOtv subscribers stand a chance of winning exciting prizes such as LED TVs, DStv Explora Decoders, 1 KVA generators via daily lucky dips at the fair.

    Martin Mabutho, General Manager Marketing, MultiChoice Nigeria describing the special Trade Fair offer said, “In addition to the bundled price slash of one month’s Compact subscription plus a Zapper decoder, we will also be upgrading our new subscribers who pay for the Family bouquet to the Compact bouquet at no extra cost. This offer is open to new subscribers only”, he said.

    He added that the Compact bouquet has gone through a recent revamp and now includes broader and varied content, with the most recent inclusions being the M-Net Family and VUZU channels, which will give subscribers more reasons to enjoy their television viewing experience.

    The 35th Lagos International Trade Fair will run from Friday, 6 November till Sunday, 15 November at the Tafawa Balewa Square (TBS), the Muson Center and Freedom Park in Lagos.

    The Fair which is organized by the Lagos Chamber of Commerce and Industry offers a unique exposition for manufacturers, suppliers, buyers and users of a wide range of goods and services as well as opportunities for investment and trade promotion