Stakeholders have urged President Muhammadu Buhari to revoke the concession agreement entered between the Lagos International Trade Fair Complex (LITFC) and Aulic Nigeria Limited.
They said the concession was done in bad faith as all efforts to correct anomalies identified in the agreement were turned down by Aulic because of its closeness to the administration of former President Goodluck Jonathan.
This call was made at the end of the two-day Stakeholders Forum, held jointly by Lagos International Trade Fair Complex Management Board, Federal Ministry of Industry and Investment and CHOSOVAN-M (Nigeria) Enterprises, inside Rockview Hotel, Festac Town, Lagos. It was all in a bid to reposition the trade fair complex for transparency and business administration.
Speaking on behalf of the stakeholders through a paper titled: “Doing business: How to improve business In Lagos Trade Fair Complex,” , a representative of the traders, Mr. Bede Elo, blamed policy inconsistency for the concession of the complex. He said handing the complex to people with no business acumen to manage the place destroyed the government’s investment in the complex.