Cash crunch won’t affect Enugu trade fair – Chamber

Wed, Mar 22, 2023
By editor
2 MIN READ

Business

THE Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) on Wednesday assured exhibitors that the current cash crunch would not affect its 2023 Trade Fair.

The 34th Enugu International Trade Fair organised by the chamber begins on March 24 and ends on April 3.

Vice-President of ECCIMA, Mr Nonye Osakwe, told the News Agency of Nigeria (NAN) in Enugu that the scarcity of naira notes would not be a hindrance to the fair.

He noted that Nigerians were already getting used to CBN’s cashless policy which resulted in the cash crunch by using Point of Sale (POS) machines of bank mobile app to seal transactions.

“Many exhibitors at the fair will certainly come with their POS machines for patrons to use or collect their charges through bank transfers.

“In addition, there will also be POS operators to aid transactions,’’ he said.

Osakwe also told NAN that there was no need to postpone the fair because of the 2023 elections, stressing that business was different from politics.

According to him, the environment is calm and safe as there is no riot or insecurity in Enugu State as a result of the election.

He urged Nigerians to actively participate in the fair, as it would offer them the opportunity to interface with manufacturers and with producers.

“It will be a platform where everyone will benefit.

“Many exhibitors and companied have indicated interest in the fear and the chamber is very ready for a successful outing.

“Tanzania, Ghana, Senegal, China, Botswana, Pakistan and a good number of government agencies such as CBN will participate in the fair.

“Dangote and Nigeria Breweries, our major sponsors will also participate and we hope that the 2023 fair will be the biggest fair we have held so far,’’ Osakwe said. (NAN)

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