The Federal Ministry of Industry, Trade and Investment has set up a committee to commence concession agreements for the Lagos International Trade Fair Complex on the Mile-2 Badagry Highway in Lagos.
The decision, according to the ministry, is to revitalize the trade fair complex after failed attempts to concession the facility in 2017.
Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, who said this during his official visit to the complex, explained that over the years the infrastructure of the complex has declined, assuring that the ministry would not just revitalize the complex, but transform it into a center of global commerce.
He said: “The process is ongoing but there are some things that need to be done before we can proceed with the process and part of the things to do is my visit to the resort to see for myself exactly what the process is. situation and on the basis of the report that I expect from the committee that has been set up, the Ministry will sit down with the Office of Public Enterprises (BPE) to see what can be done and how the concession will be carried out.
“We also intend to find out how much government land has been confiscated and we intend to recover government land with a view to deciding what part of government land will be granted, but any land that has been encroached upon will be recovered. We are also in discussions with the state government regarding the concession. »
He said the ministry is committed to ensuring that the thousands of traders at the complex are supported to make their products available to their customers at a fair price while ensuring that the land taken over by the trade fair is fully reclaimed.
“It is a difficult time all over the world and things are not easy for the common man. The ministry is determined to ensure that the thousands of traders here have what it takes to be able to put the goods available to their customers at a fair price.We are also aware that over time the grounds of the trade show have been encroached upon.We work hard to ensure that whatever the trade show has lost is fully recovered,” he added.
He said traders are the backbone of society, saying no nation can survive as a nation without their contribution to the economy and the goods they provide, while assuring that the ministry would ensure that their rights are fully protected.
Earlier, the Executive Director and CEO of the Lagos International Trade Fair Complex Management Board, Charles Okoye, pledged that the entire management team is determined and positioned to do everything in their power. to improve the condition of the facility to increase revenue. generation and remittances to the federal government.
He also said that his management has set up a road maintenance task force with a mandate to repair and maintain all road networks in the complex to improve free movement in and out of the complex. exterior of the complex.