Media and Politics News

Revoke Concession, Stakeholders Beg Buhari

By Gilbert Alasa

Stakeholders have urged President Muhammadu Buhari to revoke the concession agreement entered between the Lagos International Trade Fair Complex (LITFC) and Aulic Nigeria Limited.

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Speaking at a two-day forum organised jointly by Federal Ministry of Industry and Investment and CHOSOVAN-M (Nigeria) Enterprises and Lagos International Trade Fair Complex Management Board, the group said the concession was carried out in bad faith as efforts to correct identified errors in the agreement have been rejected by Aulic.

According to the organisers, the event which held at RockView Hotels, FESTAC Town, was organised to reposition the trade fair complex for transparency and profitability of all stakeholders.

Delivering a paper titled: “Doing business: How to improve business In Lagos Trade Fair Complex,” , spokesperson of the group,  Mr. Bede Elo, blamed policy inconsistency for the concession of the complex. He said handing the complex to people with no business acumen was responsible for the collapse in government’s investments.

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