ECOWAS To Promote African Merchandise At 2024 Ecofairs

In September, the Economic Community of West African States (ECOWAS) and pleasant nations will meet in Lagos for the fourth version of Ecofairs, geared toward selling commerce amongst West African nations.

The Chief Government Officer of Ecofairs, Sylvester Riicolins acknowledged this just lately in the course of the official launch of Ecofairs 2024 in Lagos.

In accordance with Riicolins, this 12 months’s occasion might be held on the Tafawa Balewa Sq. in Lagos between September 6 and 15.

He added that this 12 months’s version is a 4-in-1 occasion, which might run day and night time by way of the ten days of the commerce honest.

Riicolins additional acknowledged that over 10,000 patrons of products and companies are anticipated on every day of the occasion.

He stated highlights of the occasion embrace gross sales and exhibition, the Africa Excellence Awards and a malaria eradication programme.

“I wish to inform Nigerians that Ecofairs has come to profit all of the Nigerians at totally different ranges. That is the primary time that we are going to be having a day and night time honest. After going round Lagos, I came upon that so many components of Lagos don’t sleep.

“So, we would like Lagos to know that you are able to do enterprise at night time in addition to the day. Lagos state is secure for everyone. So, we wish to rework the nightlife of Lagos to enhance its economic system. We’re inviting over 40 nations to take part.

“These individuals are bringing to our doorstep, merchandise that we might have required visas to go and purchase.”

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On his half, the Business First Secretary and Head of the Financial and Workplace of the Egyptian Embassy in Lagos, Amr Altantawy, famous that African financial improvement was one of many prime priorities to Egypt.

In accordance with him, Egypt and Nigeria have a robust presence and affect in all African boards and entities.

He expressed optimism that the commerce honest would encourage commerce between Nigeria and Egypt, particularly in meals industries, agriculture, mining, power, development, infrastructure, textiles, well being and medical industries, IT, amongst others.

“Concerning the financial bilateral relations, Egypt and Nigeria are the 2 largest economies in Africa. Financial relations between the 2 nations witnessed a brand new stage of actions in the course of the previous few years.

“Main Egyptian firms equivalent to Arab Contractors, Mantrac, Elsweedy and Raya have established themselves as sturdy gamers in Nigerian market they usually participated in infrastructure and energy main tasks.”

In accordance with ECOWAS knowledge, exterior commerce of ECOWAS is dominated by a number of merchandise and generates native worth added as a result of preponderance of fuels coming from extractive industries.

These characterize three-quarters (75 per cent) of exports, excluding re-exports and are offered primarily by Nigeria (73 per cent).

Cocoa and cocoa meals preparations (5 per cent of exports) , treasured stones (three per cent) and secondarily cotton, edible fruit, rubber , plastics , wooden and wooden merchandise, fish and shellfish (about one per cent every), type along with gasoline, the main export merchandise of the West African Financial Neighborhood.

In accordance with organisers, Ecofairs goals to create a platform that can improve enterprise interplay within the area and promote made-in-Africa merchandise.