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Nigeria to host first international sea trade convention

 The International
Sea Trade and Investment Convention (ISTI) Committee on Wednesday said that all
was set for Nigeria to host its first International Sea Trade and Investment
Convention.

In a statement in
Lagos Mr Adebayo Sarumi, the Chairman of the convention committee said that the
aim was to position Nigeria as a maritime hub.
The event, which
is scheduled to hold in Lagos on Oct. 5 and 6, is designed as a platform to
address issues of new and direct trade route between Nigeria and her leading
trading partners.
The Convention
with the theme “Exploring New Trade Frontiers” will explore cross border
potentials along regional trade corridor.
It is also aimed
at developing viable import/export market, standardise goods and services to
meet global certification for export, import and finance, market linkage, trade
and infrastructure investment.
Sarumi noted that
the convention would identify impediments to export trade, restrictions, facilities
and regulations within the maritime sector.
He also said the
convention was planned to create the platform for stakeholders to develop a
roadmap to address issues of products, standardisation, financing, incentives
and the lack of infrastructure plaguing the industry.
“The convention
would buoy up Nigeria’s export trade and maritime sector to make it attractive
to global buyers and foreign investors’’ he said.
Sarumi said
maritime and trade in Sub-Saharan Africa region had experienced an unprecedented
growth in the last few years, contributing over 15 billion dollars annually to
Nigeria’s economy.
“This could grow
to as much as 50 billion dollars in the next couple of years’’ he added.
He said that
about 500 delegates from across the world were being expected, with Nigeria’s
former Head of State, Gen Abdulsalami Abubakar as keynote speaker. 
“The convention is being
promoted by the Logistics Event Company in partnership with the Nigerian
Chamber of Shipping and a host of other partners and sponsors’’ Sarumi said
.

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