MAURICE OKAFOR writes that the ongoing Enugu International trade fair, holding at the permanent site of the complex located along Enugu to Onitsha express road is an indication of the realities of the economic situation in the country.
In this regards, the participation of both private and public enterprises were at its lowest ebb since the fair was shifted to its uncompleted permanent site nine years ago.
But, the participation of big government parastatals/commission and a few well established private organizations is added colour to Trade fair. The ten day event scheduled to end on April 15, will now end on April 17, according to the management of Enugu Chamber of Commerce, Industries, Mines and Agriculture [ECCIMA].
Though the current President of Enugu Chamber of Commerce, Industries, Mines and Agriculture[ECCIMA]Pharmacist Sir Emeka Udeze, in his opening speech to commence the 30th Enugu international trade fair, delivered on April 5,stressed that the extension of this year’s Enugu international trade fair by two days, was to enable parastatals and organizations who were still at the Kaduna international trade fair to round up, and join in the Enugu International trade fair.
THE AUTHORITY SOUTH EAST findings revealed that the low participation also stems on the fact of lack of permanent structures at the site of Enugu International trade fair complex. A situation which compels every participating organization to erect a temporary structure for the ten day event, and at the end of fair to remove such structure. Many Small and Medium Scale enterprises within South East and South South zones of the country that are supposed to enjoy the exposure of the fair are not finding it easy with the current state of unavailability of permanent structures at the Enugu state international trade fair complex.
Most of the organization could no longer afford to the cost of erecting temporary structures, and at the end of ten days to pull them down. Obviously, for such reasons both the Enugu state government and the management of ECCIMA, in their respective addresses to mark the opening ceremony of the 30th edition of Enugu International trade fair, appealed to the Federal government to develop the permanent site of Enugu international trade fair complex to a befitting international standard, just as it developed the Lagos and Kaduna complex sites.
Notwithstanding the deficiencies, the Nigeria Communication Commission(NCC) as usual featured in the 30th Enugu International trade fair. In a speech delivered on it’s Executive Vice Chairman, Professor Umar Garba Danbatta, NCC worries over the rising documented cases of cybercrime and electronic fraud using telecommunications platforms.
In a similar vein, the Nigeria Deposit Insurance Corporation, NDIC, at its special day in the trade fair said the increased sophistication of cybercrime and the proliferation of Ponzi schemes are major challenges confronting the organization currently.
NDIC Managing Director/CEO, Alhaji Umar, who was represented by the Corporation’s Deputy Director, South East zonal office, Mrs Vera Ogbo-Ikwue, further stressed that NDIC has extended deposit insurance coverage to depositors of non-interest banking institutions and subscribers of Mobile Money Operators to the maximum limit of half a million naira. He said that the cooperation has also taken measures to ensure that all those who contributed to the failure of the defunct Skye bank, now Polaris bank, are prosecuted through the appropriate legal means to serve as a deterrent to others.
“In 2018, a total of N526.4 million was recovered in respect of deposit money banks liquidation; N51.1 million and N710,000 from primary mortgage banks and micro finance banks, respectively,” Ibrahim said.
Others like the Nigeria National Petroleum Corporation [NNPC] added to the weight of the 30th Enugu International trade fair, just as the Enugu state Governor, Rt Hon Ifeanyi Ugwuanyi, surprisingly showed his presence on Nigerian Maritime Administration and Safety Agency[NIMASA] special day, held on Friday, April 12. The Standard Organisation of Nigeria[SON],maintained its regular participation.
The Anambra Motor Manufacturing Company [ANAMMCO] with its base camp at Emene, near Enugu also featured with assurance that it has been restructured to manufacture affordable vehicles for Nigerians, in partnership with ‘Doenphegn’, based in China.
The multi -National Dangote also a regular participant on its special day held last week arraigned it’s variety of products, ranging from Cement to edible products, expressing its commitment to reach the door step of every Nigerian through effective distribution network, which entails engaging more Nigerians into its distribution network.