The President, Abuja Chamber of Commerce and Industry (ACCI) Chief Emeka Obegolu said in the past 20 years of the chamber’s existence it has facilitated billions of naira in trade deals, investment, partnerships and provided visibility for SMEs by enabling them to access new markets.
Obegolu disclosed this at the opening ceremony of the 20th Abuja International Trade Fair with the theme: Sustainability, Consumption, Incentives and Taxation, stating that, this is not just the opening of another fair, it is the celebration of a historic milestone, 20 years of consistent commitment to trade, investment, innovation, and economic diplomacy in Nigeria and Africa.
He said: ‘The Abuja International Trade Fair has grown from a modest local exhibition into Nigeria’s most influential multi-sectoral trade platform, one of Africa’s most recognised trade events.
‘Over the past two decades, the Fair has hosted over 2,500 exhibitors from Africa, Europe, Asia, and the Americas. It has attracted more than 1.5 million visitors across multiple sectors, facilitated billions of naira in trade deals, investments, and partnerships.
‘It has provided visibility for SMEs, enabling them to access new markets, strengthened collaborations with over 40 diplomatic missions, trade agencies, and international business associations.
‘These achievements underscore the pivotal role of the AITF as a catalyst for Nigeria’s economic growth and Africa’s integration into the global economy.’
He explained that the theme of this edition: ‘Sustainability: Consumption, Incentives, and Taxation,’ reflects the country’s collective resolve to address pressing economic and environmental challenges. As Nigeria’s economy expands, our priority must be to ensure that growth is sustainable, inclusive, and innovation-driven.
This Fair will serve as a platform for policymakers, industry leaders, entrepreneurs, and development partners to examine how consumption patterns, incentives, and taxation can be strategically aligned to promote responsible production, attract investment, and encourage environmental stewardship.
The National President Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Jamil Ibrahim applauded ACCI for sustaining this platform and reaffirming NACCIMA’s shared commitment to positioning Nigeria as a $1 trillion sustainable economy by 2030.
Nigeria he said has made progress with the Business Facilitation Act the BFA 2023 which is for the ease of doing business as much more is needed to strengthen competitiveness and full alignment with AfCFTA.
Which he added as unlocking a continental market of 1.4 billion people deep reforms under the WTO Trade Facilitation Agreement to improve Nigeria’s low ranking on cross-border trade indicators and ensuring all policies reflect a Nigeria-first agenda.