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FG must accelerate regulatory frameworks to improve digital trade, says NACCIMA president

FG must accelerate regulatory frameworks to improve digital trade, says NACCIMA president FG must accelerate regulatory frameworks to improve digital trade, says NACCIMA president

Jani Ibrahim, the president of the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), says the federal government must provide frameworks to improve digital trades.

Ibrahim spoke at the closing ceremony of the 2025 Nigeria International Trade Fair (NITF) in Lagos.

The trade fair, which commenced on November 22, was organised by the Lagos International Trade Fair Complex Management Board (LITFCMB) and hosted over 250 exhibitors and over 1,000 micro, small, and medium-scale enterprises (MSMEs).

The 10-day event was held from November 21 to November 30 at the LITF complex, welcoming thousands of attendees from countries like Uganda, Côte d’Ivoire, and Ghana.

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The NACCIMA president said digital technology and innovation are integral to the development of the Nigerian economy.

Ibrahim also said the federal government must invest in developing the skills of women and young entrepreneurs.

The NACCIMA boss said the resuscitation of the trade fair will also improve the commercialisation of transport around the complex.

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“The ongoing renewal of the Lagos Badagry corridor development and improved transport links by roads, air, and rail have positioned this complex as a truly limitless exhibition hub capable of boasting heavy-duty products alike,” he said.

“This opens new frontiers for participation, collaboration and growth.

“As we celebrate the success of this fair, we must look forward to the purpose. Nigeria must now accelerate digital connectivity, develop regulatory frameworks for digital trade, and invest in building the skills of our entrepreneurs, especially women and youth.

“The innovations by the exhibitors have given life to the fair.”

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Ibrahim also said President Bola Tinubu has tasked the trade and commerce industry to help achieve a $1 trillion economy by 2030.

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