LCCI Unveils 2023 Lagos International Trade Fair, Reels Out Event Plans. | Nigeria Updates- Breaking News, Nigerian News, Politics, Sports, Entertainment and Business - Nigeria Updates
Connect with us


LCCI Unveils 2023 Lagos International Trade Fair, Reels Out Event Plans.






The Lagos Chamber of Commerce & Industry, the non-profit organization that promotes the interests of the business community in Lagos, has unveiled the 37th edition of the fair and reeled out the event plans for the week long activities scheduled to hold from Nov. 3 to Nov. 12th 2023.

Eng. Leye Kupoluyi, The Chairman, Trade Promotion Board, LCCI, on Thursday while addressing newsmen at a Press Conference, held at the Chamber House in Lagos, noted that the 37th edition with the theme, “connecting businesses, creating value” will be declared open by President Bola Ahmed Tinubu.

According to Eng. Leye, while reeling out the programmes lined up for the 10- days event said, this year’s edition of the event would feature ‘The Africa Hall Project’, an umbrella for businessmen and women within the African continent to come together under the same roof for 10 days.

He said, “The Africa Hall Project started six years ago as an umbrella for businessmen and women within the African continent to come together under the same roof for 10 days. It has been a successful adventure since then”.

Speaking further, Kupoluyi said that this year’s LITF would also feature an entertainment village in recognition of the contribution of the creative and entertainment industry to the Nigerian economy.

To mark the LCCI’s 135th anniversary, different specialised fairs would be held at the same time at TBS which will feature activities like the Children’s Corner, Tech Hub, The Africa Hall, United Asia International Exhibition Co. Limited Exhibition, The Japan External Trade Organization(JETRO), lagos Island Connect, LCCI Mentees, 3 Days Free Entry, Eng. Leye said.

“The LITF tech hub is a single pavilion that hosts techpreneurs, tech enthusiasts in telecoms, software, and Information and Communication Technology (ICT) to showcase their innovative products and services,” he said.

He said the the United Asia Exhibition Company was currently concluding logistics to host three different trade exhibitions at the event and urged Nigerian businesses on commercial agreements and distributorship deals.

“The Japan External Trade Organisation (JETRO) and the Japanese hall has become a major attraction at the Lagos international trade fair and there will be a three -day free entry for visitors at the fair this year.

“It is my sincere hope and expectation, that when the fair is declared closed by the Governor of Lagos, Mr Babajide Sanwo-olu, we shall all proclaim the 2023 LITF as the best so far in 37 years,” he said.

The sponsors and partners of the 2023 LITF are United Bank of Africa plc. (UBA), Japan External Trade Organisation (JETRO), United Asia International Exhibition co. Ltd.

Others are New Home Distribution Africa ltd. – distributors of Scanfrost and Sony Products in Nigeria, Dangote Group, FEDAN Investment Ltd, Lifemate Nigeria Ltd., Rite Foods, NCC, SON among others.


Oyo Govt. Enforces Tax Clearance Certificate as Precondition for Business Transactions By MDAs





In its bid to ensure seamless revenue generation, Oyo State Government has mandated all Ministries, Departments, Agencies, Parastatals, Local Government Councils, Institutions of the Government, or any government officials to henceforth not recognize, accept, or use a Trade/Professional License for official purpose without a valid Tax Clearance Certificate of the holder of such Trade/Professional License.

The Executive Chairman, Oyo State Internal Revenue Service (OYIRS), Mr. Adebowale Olufemi Awakan, disclosed this in a meeting with all the revenue generating MDAs of the government. He noted that there has been a continuous violation of the provision of Section 85 of The Personal Income Tax Act, Cap P8 LFN 2004, (as amended), and Section 40(5)(a) of the Revenue Administration Law of Oyo State, 2015, (as amended), and the consequential loss of revenue to the government.

Mr. Awakan who commended the effort of the State Governor, Engr. Seyi Makinde, who has not relented in fulfilling his promises to the people of the State despite the economic situation of the Country, but willing to do even more in as much as the people are ready to cooperate with him by performing their civic duties of regular and prompt payment of their taxes to the government.

According to him, the continuous violation of the revenue laws and the consequential loss of revenue is what necessitated the meeting with all the revenue generating MDAs of the government, consequently the compulsory enforcement of the use of a valid Tax Clearance Certificate by them in their subsequent dealings with Financial Institutions, Business Owners, Professional Bodies, e.t.c. He added that a publication was made in “The Punch” Newspaper of Tuesday 28th of November, 2023, to intimate the public of this development.

The Chairman therefore, called for maximum cooperation of all the MDAs as the Board leverages on the services being rendered by them to the public to generate income for the Government.

He concluded that the duty of the Board is to monitor and coordinate the revenue generation of all MDAs. He added that tax payment has now been made easy and everyone can do it on their phone by downloading “Revenue Mobile” on playstore powered by ICMA and follow the steps. Also, they can pay via the websites and


Continue Reading


LCCI Hosts Annual Financial Service Group Conference






The Financial Services Group of the Lagos Chamber of Commerce and Industry (LCCI) in collaboration with Fidelity Bank PLC hosted its highly anticipated business conference themed: Powering Nigerian Businesses for Growth.

The conference had the Honourable Minister of Trade and Investment Dr Doris Nkiruka Ozoka-anita, MD CEO of Fidelity Bank Mrs Nneka Onyeali Ikpe, MD CEO, KSBC Knowledge Resources Ltd, Mr. Chika Mbonu amongst other dignitaries in attendance.

In his welcome address, the President, Asiwaju (Dr) Michael Olawale-Cole, (CON), thanked the participants and emphasized the importance of this conference at this very critical time in the history of the country’s enormous economic challenges. He said such a platform provides an avenue to discuss the Nigerian Economy and promote business prosperity. While acknowledging the high poverty and unemployment levels, he emphasized the need to decisively shift from a survival phase into a growth phase by exploring manufacturing to explore growth opportunities.

He noted that the Federal Government has embarked on several critical reforms to ease the free flow of capital for investors, and expressed optimism that these will help improve the economy and ensure stability.

The event also featured a panel discussion themed: ‘’Key Issues Confronting Businesses in the Economy and Opportunities for Business Growth”.

Continue Reading


CBN Commences Staff Audit, To Redeploy Top Officials






The Central Bank of Nigeria (CBN), has reportedly begun internal cleanup with the discreet redeployment of top officials.

According to The Guardian, the CBN Governor, Olayemi Cardoso, has taken ownership of ‘housecleaning’ and commenced a broad staff audit to redeploy personnel not considered suitable for their role in line with the bank’s new direction.

It was gathered that eight directors were moved to the Financial Sector Surveillance (FSS) Department in the Maitama office.

While the motives behind the redeployments are unknown, there are palpable fears that more people could be affected by the redeployment.

The identities of those sent to the Maitama office are not known except for Philip Yusuf Yila, who served as the Director of the Development Finance Department (DFD) of the CBN under Godwin Emefiele.

Yila superintended the DFD that played a crucial role in supporting businesses through increased access to finance for priority sectors under a variety of programmes such as the Anchor Borrowers’ Programme (ABP), the Agri-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS) and the Micro, Small and Medium Enterprises Development Fund (MSMEDF).

He also handled disbursement to households and small businesses during the outbreak of the COVID-19 pandemic to cushion the impact of the consequent lockdown.

The Director of Corporate Communications, Dr Isa Abdulmumin, has also been redeployed while Sidi Ali Hakama takes over in an acting capacity.

This comes as there are also indications that the CBN may have been pushing for the review of the CBN Act as well as the Banks and Other Financial Institutions Act (BOFIA) to strip it of prudential regulations.

Continue Reading


Copyright © 2014 NigeriaUpdates.

%d bloggers like this: