The Lagos Chamber of Commerce and Industry (LCCI) has reaffirmed its dedication to enhancing partnerships with the international business community, focusing on collaboration with investors who share the vision of fostering a thriving and inclusive economy.
LCCI President Gabriel Idahosa made this commitment during the 2024 LCCI International Business Conference & EXPO, themed “Investment Opportunities and Incentives in Lagos State.”
Addressing an audience of diplomats, business leaders, and industry stakeholders, Idahosa emphasized Nigeria’s critical role as Africa’s largest economy within the global trade landscape.
He highlighted the nation’s rich resources, entrepreneurial spirit, and dynamic, youthful population eager to engage on a global scale.
“Nigeria is not just open for business; we are strategically positioned as a gateway to the African market,” Idahosa asserted.
Idahosa also stressed the importance of the African Continental Free Trade Area (AfCFTA), describing it as a unique opportunity to strengthen trade relations with neighboring countries and position Africa as a major player in the global economy.
He urged participants to take full advantage of the conference’s discussions, exhibitions, and networking opportunities.
“Together, we can transform Nigeria into a hub of innovation and enterprise, serving as a beacon of economic progress for Africa and the world.
I encourage you to explore the trade opportunities at the upcoming Lagos International Trade Fair from November 1st to 10th, 2024, at Tafawa Balewa Square in Lagos.”
Minister of the Blue Economy, Gboyega Oyetola, also highlighted the significance of the event in uniting diplomats and the business community.
He outlined the Nigerian government’s extensive range of incentives aimed at stimulating business growth, including the Pioneer Status Incentive (PSI), which offers tax holidays of up to five years for businesses in strategic sectors.
“We have created a conducive environment for investment, supported by initiatives such as the PSI,” Oyetola explained.
