Convener of the Economic Community of West African States (ECOWAS) and Friendly Countries Trade Fair (ECOFAIR), Sylvester Ejarkaminor, has said Nigeria will gain a massive inflow of Foreign Direct Investments (FDI) from the expo.
The fourth edition of the fair, themed ‘Intra African Trade: The right direction for economic integration and regional development’ is scheduled to be held in Lagos from August 3 – 12.
Ejarkaminor said the fair is expected to attract over 32 African countries, about 90,000 visitors and 1,000 exhibitors, adding that most of the exhibitors would use the platform to conduct feasibility studies to guarantee their Return on Investments (RoI).
At the launch of the fair in Lagos, Ejarkaminor described the fair as a rotational one, explaining that it had been held in some African countries including Burkina Faso and Cote’ d’ivoire twice.
In her remarks, Lagos State Commissioner for Commerce, Industry and Cooperatives, Dr Lola Akande, noted that the fair was in accordance with the ECOWAS mandate to promote cooperation and integration in commerce, energy, telecommunications and agriculture.