Lagos - 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
The News Agency of Nigeria (NAN) reports that 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
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.
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Sarumi noted that the convention would identify impediments
to export trade, restrictions, facilities and regulations within the maritime
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 convention would buoy up Nigeria’s export trade and
maritime sector to make it attractive to global buyers and foreign investors’’
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.