IATF2023 fosters collaboration, trade opportunities: Former Nigerian President

CAIRO - 10 November 2023: The intra-African trade holds the key to unlocking Africa’s true potential and fueling economic growth, fostering industrialization, and creating job opportunities for the people of the continent, Chief Olusegun Obasanjo, former President of Nigeria and Chairman of the IATF2023 Advisory Council, said Thursday.

Obasanjo said that beyond being just an exhibition of goods and services, IATF2023 was a platform for networking, collaboration, and knowledge sharing, bringing together entrepreneurs, investors, innovators, and policymakers from across Africa and its Diaspora to exchange ideas, forge partnerships, and explore new opportunities.

“It is through this spirit of cooperation and collaboration that we will unlock the untapped potential of our continent,” he said, adding that the trade fair signified the commitment of Africa and its diaspora nations to economic integration and their collective determination to create a prosperous future.

President Obasanjo called on African government leaders, policymakers, and representatives to foster an environment conducive to trade by eliminating unnecessary bureaucracy, harmonizing regulations, and investing in necessary infrastructure. IATF2023 was a stepping stone towards a future where African nations traded freely, breaking down barriers and opening doors of opportunities for all, he added.

He urged entrepreneurs and innovators to seize the moment to build bridges of commerce between nations and within communities by embracing the spirit of entrepreneurship and leveraging technology to unlock new markets, connect small-scale farmers with global partners, and empower women-owned businesses.

IATF2023 is Africa’s largest trade and investment fair projected to attract over 1,600 exhibitors and 35,000 visitors and buyers. Trade and investment deals valued at US$43 billion are expected to be concluded during the trade fair, seen as a must-attend event for everyone interested in trade and investments in Africa’s single market of 1.4 billion people created by the AfCFTA, which has a combined gross domestic product of over $3.5 trillion.