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As the 2024 Africa International Investment Summit and Trade Exhibition (AITE) scheduled to hold this month in New York and Atlanta, Georgia, draws nearer, it has been confirmed that First Bank, Nigeria’s oldest bank, and the Bank of Industry (BOI) are participating strongly in the event as lead sponsors from Nigeria.
Tunde MacAlabi, the AITE chairman, made the confirmation in a statement released in Lagos on Tuesday which he personally signed.
Join our WhatsApp Channel“We are pleased to announce that these key financial institutions are participating fully as major promoters of this year’s show that seeks to promote non-oil exports from Nigeria.
“Given the criticality of broadening our economic base and diversifying our foreign exchange sources, it is inevitable that the nation and all its people and organisations turn attention to non-petroleum exports,” declared MacAlabi.
Among other organisations that had earlier confirmed support to the 2024 AITE are Air Peace, Nigeria’s leading airline, Businessday, the country’s foremost business newspaper, the Asmiol group of the United States and the Cruxstone Property group of Nigeria.
The 2024 AITE is being organised in conjunction with the Federal Ministry of Industry, Trade and Investment, the United States-Nigeria Export and Investment Group, the FAMES Foundation of Atlanta, as well as the Ministry of Foreign Affairs.
“Much as the 2023 edition held on the sidelines of the 78 United Nations General Assembly in New York was hugely successful,” according to the AITE chairman, “this year’s is billed to be bigger and more successful.
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“That’s why it is being held in two key American cities, rather than one, as was the case last year.”
MacAlabi disclosed that the focus of the 2024 exhibition will be on small and middle businesses.
“This is because these businesses, which regrettably do not receive commensurate official attention, account for up to 85% of employment in Africa,” he noted.
“Nigeria and other African nations cannot continue along this development trajectory without serious repercussions.
“It is, therefore, appropriate that we are this year focusing on these businesses which have been neglected for too long despite their immense role in development.”
MacAlabi explained that with appropriate attention to the small and middle businesses, Nigeria can become a trillion-dollar economy by 2025, as envisaged by the President Bola Tinubu Renewed Hope Agenda.
AITE is a public-private sector initiative organised as a follow-up to the annual US-African Leaders Summit to foster commercial engagement between the United States and the African region.
