BENCCIMA DG explains cancellaton of 2024 Trade Fair
The Benin Chamber of Commerce, Industry, Mines, and Agriculture (BENCCIMA) has explained the cancellation of its 2024 Trade Fair, citing financial constraints and the impact of a challenging economic environment as the primary reasons. Speaking to newsmen in Benin City, BENCCIMA’s Director-General, Imalingmhe John Yesufu, explained that the lack of funding from traditional sponsors, many of whom are grappling with economic difficulties, was a major setback. “Our traditional sponsors, who have consistently supported the trade fair, were unable to contribute this year due to ongoing economic challenges,” Yesufu said. "These sponsors are crucial, especially for small and medium-sized enterprises (SMEs) that rely on this platform to grow their businesses.” Another significant factor was the gubernatorial election scheduled for 2024 in Edo State. According to Yesufu, the election shifted focus away from business events, with government attention diverted to political ...