Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home News

LCCI seeks trade policy to match current international trade conditions.

Marian RomainebyMarian Romaine
November 7, 2022
in News
0
LCCI seeks trade policy to match current international trade conditions.
Share on FacebookShare on TwitterShare on Whatsapp

In terms of the development of global production networks and global value chains, the Lagos Chamber of Commerce and Industry (LCCI) has stated that it anticipates a new national trade strategy that can adapt to these dynamics and new realities.

In Lagos during the opening ceremony for the 2022 international trade fair, LCCI President Dr. Michael Olawale-Cole stated that the organization is devoted to the current administration’s agenda of economic diversification and self-reliance.

He stated that to increase revenue for both the public and private sectors of the Nigerian economy, the Chamber recognized the need for non-oil sector development and the necessity to add value to our basic products.

According to Olawale-Cola, this trade show offers a venue for locating non-oil options and emphasizes the need for value addition.

He added that we need to do a lot more to attract more private money into the Nigerian economy. Trade fairs are one way to stimulate economic and commercial activities. In this regard, our institutions must be investor-friendly and our economic and investment policies must be sound. The structural, institutional, policy and regulatory problems preventing the growth of the private sector must be resolved.

He claimed that the organizing theme for the 2022 edition of the Lagos International Trade Fair is “Connecting Businesses, Creating Value.” According to him, the topic emphasizes the value of networking and building partnerships across firms in order to create money. The primary goal of the Trade Fair, which is also emphasized by the theme, is the importance of relationships between manufacturers, service providers, and end users.

He claimed that despite the economy’s recovery from the Covid-19 pandemic, current adjustment to shocks from the Russia-Ukraine war, and most recently shocks from climate change in the form of severe floods across the nation, the economic conditions have been difficult.

While the Nigerian economy has seen exceptional growth this year, indicating a prolonged recovery, there are growing concerns about a recession, food insecurity, and additional effects of climate change.

The Governor of Lagos State, Babajide Sanwo-Olu, noted in his introductory remarks that the State has continued to make enormous gains by creating and putting into action Policies, Programs, and Projects that have influenced and sparked economic growth in the State.

These improvements were made to facilitate and promote investment in the development of a quality workforce for the various categories of enterprises in the State.

The majority of the businesses taking part in this fair, according to him, are MSMEs, which are the cornerstone of sustainable development in the majority of international economies.

This industry is the driving force behind Nigeria’s industrial and economic growth, and in Lagos State, MSMEs have made a substantial contribution to job creation, value addition, income production, and appreciable poverty reduction.

Tags: 2022 international trade faire Lagos Chamber of Commerce and IndustryLCCI President Dr. Michael Olawale-Coletrade policy
Marian Romaine

Marian Romaine

Marian Romaine is a seasoned content writer with a passion for translating complex technological concepts into accessible and engaging content.She is dedicated to creating engaging and informative content aiming to enhance both reader engagement and search engine visibility. Her writing combines a deep understanding of the subject matter with a talent for crafting clear, concise, and informative pieces.With 3 years of industry experience, her expertise includes crafting blog posts, articles, social media content, and website copy.

Related Posts

“We Want to Breathe”: Hundreds March in Tunis Over Worsening Pollution Crisis
News

“We Want to Breathe”: Hundreds March in Tunis Over Worsening Pollution Crisis

October 25, 2025
Louvre Evacuates Jewels to Bank After Security Failure
News

Louvre Evacuates Jewels to Bank After Security Failure

October 25, 2025
A New Kind of Threat? Murder-Suicide at Ukrainian Station Raises Alarms
News

A New Kind of Threat? Murder-Suicide at Ukrainian Station Raises Alarms

October 24, 2025
Next Post
Nigeria hosts a historical premiere of “Black Panther: Wakanda Forever”

Nigeria hosts a historical premiere of "Black Panther: Wakanda Forever"

ICPC launches bid for FG assets and monitors projects in 20 states.

ICPC launches bid for FG assets and monitors projects in 20 states.

Dr. Enabulele warns of young doctors’ overwork

Dr. Enabulele warns of young doctors' overwork

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Olayinka Reacts to Making History as the European Games Leading Goal scorer

Olayinka Reacts to Making History as the European Games Leading Goal scorer

3 years ago
Veteran Actor Dies At 102

Veteran Actor Dies At 102

12 months ago
Super Eagles, NFF Officials Detained at Libyan Airport Ahead of AFCON Qualifier

Super Eagles, NFF Officials Detained at Libyan Airport Ahead of AFCON Qualifier

1 year ago
EFCC extradites suspect in $3.5M fraud to the US

EFCC extradites suspect in $3.5M fraud to the US

3 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest

Details of What Led to Pretty Mike’s Arrest During NDLEA Raid in Lagos Nightclub

Venezuela’s Maduro says the US is ‘fabricating’ a war against him

Matty Cash Fires Aston Villa Past Manchester City as They Suffer First League Defeat Since August

Eze​‍​‌‍​‍‌ Haunts Former Club as Arsenal Edge Past Crystal Palace to Extend Premier League Lead

The Tariffs Gets Dumber Everyday

Trending

Arrests Rock Cameroon as Paul Biya Eyes Eighth Term at 92
Government

Arrests Rock Cameroon as Paul Biya Eyes Eighth Term at 92

byEriki Joan Ugunushe
October 26, 2025
0

It feels almost unreal that in 2025, Cameroon is still wrapped around the same old story, Paul...

Why the Louvre Jewelry Theft Was an Attack on French Fashion History

Why the Louvre Jewelry Theft Was an Attack on French Fashion History

October 26, 2025
Bellingham​‍​‌‍​‍‌ and Mbappé Fire Real Madrid to El Clásico Glory Over Barcelona

Bellingham​‍​‌‍​‍‌ and Mbappé Fire Real Madrid to El Clásico Glory Over Barcelona

October 26, 2025
Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest

Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest

October 26, 2025
Details of What Led to Pretty Mike’s Arrest During NDLEA Raid in Lagos Nightclub

Details of What Led to Pretty Mike’s Arrest During NDLEA Raid in Lagos Nightclub

October 26, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Arrests Rock Cameroon as Paul Biya Eyes Eighth Term at 92
  • Why the Louvre Jewelry Theft Was an Attack on French Fashion History
  • Bellingham​‍​‌‍​‍‌ and Mbappé Fire Real Madrid to El Clásico Glory Over Barcelona

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com