LITFCMB's Ndanusa Promises Fair Trade Environment

The Lagos International Trade Fair Complex Management Board (LITFCMB) has reiterated its commitment to maintaining a fair and lawful business environment for both Nigerian and foreign investors. Veronica Safiya Ndanusa, the Executive Director and Chief Executive Officer of LITFCMB, issued this statement on Thursday in response to concerns from the Auto Spare Parts and Machinery Dealers Association (ASPMDA) regarding the activities of Chinese retail traders within the complex.

Ndanusa emphasized the importance of fair competition, market access, and regulatory compliance, stating that Nigerian traders have established their livelihoods in the market. She assured that the agency is dedicated to fostering an enabling environment for all investors, aligning with its mandate to promote trade and investment.

Ndanusa also highlighted that Nigeria's openness to legitimate foreign investment and the protection of Micro, Small and Medium Enterprises (MSMEs) are complementary to the country's economic development agenda. She urged ASPMDA members and youth representatives to remain calm and avoid taking the law into their own hands while the management engages stakeholders to resolve the issue.