Government, Tinapa, Cliqit Sign MoU For World Largest Trade Fair In Calabar

In Breaking News, Business & Economy, National News, Reports

By CrossRiverWatch admin

Commissioner for Finance, Asuquo Ekpeyong Jr, and the founder of Cliqit at the signing of the MoU for the World Biggest Trade Fair in Calabar
Commissioner for Finance, Asuquo Ekpeyong Jr, and the founder of Cliqit at the signing of the MoU for the World Biggest Trade Fair in Calabar

To boost the economy of Cross River State, the Management of Tinapa Business Resort and the Cliqit, an e-commerce business management and development platform, have signed a Memorandum of Understanding (MoU) to organize the ‘world largest Trade Fair’ in Calabar, the state capital.

The Trade Fair, where not less than 10,000 vendors of goods and service are expected to participate, is to be introduced into the annual Calabar Carnival Festival in December, through a Special Purpose Vehicle (SPV): the Calabar International Trade Fair (CITF).

The Fair is expected to increase the Internally Generated Revenue (IGR) of the state up to N5bn on the long run with about 15, 000 jobs created through small and medium scale enterprises (SMEs), while empowering people with skill acquisition.

The Cross-River State Commissioner for Finance and Managing Director (MD) of Tinapa, Asuquo Ekpenyong, at the signing ceremony in Calabar, acknowledged that Tinapa was not doing well and there was need to bring back its economic value.

Ekpenyong, who has only been on the Management of Tinapa for about a month, said his team had identified the challenges that inhibited Tinapa and was ready to tackle them, adding that the MoU would ultimately contribute to the development of the state when executed.

The Commissioner asserted his faith in the success of the project, saying there was no infrastructural platform such as the Tinapa Business Resort in the whole of West Africa.

In his remarks, the founder/CEO of Cliqit, Gerald Konwea, the brain behind the project, described the project as a history making venture which is why the Guinness World Records is involved.

“This is going to be arguably the biggest Trade Fair in the world. There are though big Trade Fairs in Germany with up to 7,000 vendors and there are even bigger Trade Fairs in China, except the numbers are on Chinese websites, there are no numbers on Google or websites that reflect on Google to suggest otherwise,” he said.

Gerald disclosed that the project is expected to increase the IGR of the state significantly from N12.7 billion to N14.9 billion yearly by 2016 – 2019, and an additional N2 – 5 billion from 2020 onwards.


Since You Are Here, Support Good Journalism

CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.


New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here

Expose Your Business And Make More Sales. Advertise On Today

You may also read!

Calling That Travesty That Happened On Saturday In Rivers State An Election, Shocks Me – WITTY THOUGHT WITH KEN HENSHAW

This is a column by Ken Henshaw, Executive Director of We The People. Witty Thought is a brisk review


Another Godfada? Deafening Silence Persists 31 Days After NLC Chairman’s Kidnap

By Jonathan Ugbal It has been 31 days since Comrade Ben Ukpepi, the Chairman of the Nigerian Labor Congress


Trans Fat: A Worry Plaguing The Everyday Nigerian Woman

By Abenmire Adi Sights of women selling fried yam, potatoes, fish and of course the popular akara and bread,


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now