By Abbanobi -Eku Onyekachi
The Lagos International Trade Fair Complex is set to host the African Union Trade Fair this year, and to prepare for this significant event, the complex has undergone major renovations to meet international standards. According to Mrs. Vera Ndanusa, Executive Director of the complex, all dilapidated infrastructures within the complex have been rehabilitated to ensure a world-class experience for participants and visitors.
The renovations are aimed at generating more revenue for the complex, which has already seen significant growth in recent years. In 2024, the complex generated over N1 billion, a substantial increase from the N300 million generated annually before Mrs. Ndanusa took over ¹. The complex’s management is optimistic that the renovations will attract more businesses and investors, leading to increased revenue.
The Lagos International Trade Fair Complex is the only centre of trade in Nigeria, making it a crucial hub for business and commerce. The complex has a long history, dating back to 1977 when it was first opened. Over the years, it has hosted numerous trade fairs and exhibitions, attracting businesses and investors from around the world.
The African Union Trade Fair is expected to be a major event, bringing together businesses and investors from across the continent. The complex’s management is working hard to ensure that the event is a success, with adequate facilities and infrastructure in place.
Mrs. Ndanusa commended the President for providing the platform for the complex to grow and develop. She expressed her gratitude for the support, which has enabled the complex to increase its revenue and become a major hub for trade and commerce in Nigeria.
The renovations at the Lagos International Trade Fair Complex are a significant step towards positioning Nigeria as a major player in international trade and commerce. With its world-class facilities and infrastructure, the complex is set to attract more businesses and investors, leading to increased economic growth and development.
As the complex prepares to host the African Union Trade Fair, it is clear that the renovations have set the stage for a major success. With its rich history, world-class facilities, and strong management, the Lagos International Trade Fair Complex is poised to become a leading hub for trade and commerce in Africa.
