The 19th edition of the Abuja International Trade Fair (AITF) recently concluded, with the Abuja Chamber of Commerce and Industry (ACCI) reaffirming its commitment to promoting made-in-Nigeria products. This focus on local production is part of the group effort to promote Economic Growth and empower domestic businesses in a competitive global market. The effort was led by Chief Emeka Obegolu, a Senior Advocate of Nigeria (SAN) and the President of the ACCI. Obegolu has partnered with various public and private organisations to enhance the visibility of Nigerian products.
During the closing events of the 12-day fair, he expressed his gratitude to the participants and exhibitors who had come from various countries to present their advancements. He underscored the importance of these events in promoting entrepreneurship, creativity, and Innovation across the country. By nurturing these attributes, he believes the country can emerge as a leader in business and trade, particularly within Africa. He emphasised the necessity of cultivating a setting conducive to the success of Nigerian businesses. The collaboration between the ACCI and various governmental and private agencies aims to create policies that enable businesses to thrive.
More than 500 exhibitors participated in the event, showcasing innovation.
According to Obegolu, the partnership is essential to building a robust Economy that prioritises domestic content and supports innovation across sectors. With over 500 exhibitors and over 10,000 products showcased at the event, the fair served as a platform for these local businesses to demonstrate their capabilities and introduce new products to a global audience. The ACCI fuels the AITF, which stands out as one of Nigeria’s eminent Trade exhibitions across various sectors. This event has consistently increased its significance, drawing domestic and global exhibitors. It serves as a platform for companies to connect with fresh markets, cultivate important partnerships, and discover prospects for trade and investment.
This year’s event was similar, allowing vendors to showcase innovative product ranges, access new markets, and remain ahead of upcoming industry developments. As president of ACCI, Obegolu has consistently devoted himself to promoting policies that favour local businesses. His impacts within the Organized Private Sector (OPS) in the Federal Capital Territory have garnered recognition for leading efforts connecting governmental bodies and businesses. Through his leadership, he persistently advocates for initiatives that enhance trade, support entrepreneurship, and drive innovation. This year’s trade exhibition focused on innovation advancements, particularly in mobility and financing for trade.
Made-in-Nigeria goods will address national economic challenges.
These sectors are vital in supporting companies in managing the complex contemporary markets. Integrating financing solutions for trade is essential, as it allows enterprises to address financial limitations, leading to more efficient operations and broader access to local and international markets. In addition to innovation, the event advocates for local goods to tackle persistent economic issues like dependency on imports and the insufficient use of domestic resources. By emphasising the importance of Nigerian products, the ACCI aims to initiate an effect that results in job growth, increased efficiency, and long-term economic sustainability.
Encouraging local production also strengthens the country’s industrial base, positioning it as a competitive player in global trade. Several exhibitors from multiple industries participated, underscoring the diversity within the local business environment. For example, enterprises from agriculture, technology, manufacturing, and services presented their products, showcasing the opportunities across various industries across the country. This mix of sectors and the creativity that defines the AITF illustrates that the nation can lead in different sectors if effectively leveraged.
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Lastly, the event underscored the country’s advancing business intelligence and entrepreneurial drive. The group is dedicated to elevating the status of domestic products. By nurturing partnerships between the public and private sector, stimulating creativity, and advocating for initiatives that benefit local enterprises, the chamber is establishing the foundation for a more thriving and independent economy. The achievements of this year’s exhibition serve as an encouraging sign for the future of national trade and manufacturing. Therefore, the ongoing support of domestically produced is crucial to the nation’s economic development.