NBS Team Storms 37th Lagos International Trade Fair

The National Bureau of Statistics (NBS) is participating in the on-going 2023 Lagos International Trade Fair (LITF) which is the 37th edition.

This year’s fair which is a 10-day event running from November 3rd to 12th, 2023, at Tafawa Balewa Square, Lagos Island, has the theme: “Navigating Economic Challenges: Forging a Path to Prosperity”.

The NBS participation at the fair is aimed at feeling the pulse of the nation in terms of socioeconomic wellbeing of the people as it generates data directly from the field.

It also affords the bureau opportunity to enlighten and educate the people on the use of accurate statistical data in planing and policy implementation.

Organised by the Lagos Chamber of Commerce and Industry (LCCI), its President, Dr Michael Olawale-Cole, noted at the formal opening that the Fair has, over the years, grown to be another significant milestone in the economic life of Nigeria and the broader African continent.

Olawale-Cole said Lagos, Africa’s fifth largest economy, finds itself at another critical juncture in Nigeria’s economic history, facing substantial challenges while holding immense potential for growth and prosperity.

He said the year’s theme, underscored the determination of the Nigerian business community to overcome its many hurdles of existence, survival, and growth.

A cording to him, “Nigeria’s economy, like many others, has been impacted by global economic shocks and geopolitical uncertainties.

“It calls upon us to acknowledge the difficulties we face while inspiring us to seek solutions, embrace new opportunities, and develop innovative strategies to foster economic growth.

“In spite of these challenges, we stand here today, showcasing the resilience of our people and our unwavering commitment to progress.

“We stand on the threshold of change, as Nigeria and Lagos State work tirelessly to diversify their economies, reduce dependency on oil, and pave the way for inclusive growth.

“Let us rise to the occasion, harness the power of innovation, and work together to forge a path to prosperity as we look at the challenges and focus on the immense possibilities that lie ahead. “