Azuka stated
that before the advent of crude oil in export quantity, agricultural products
were the major export products of Nigeria, adding that the neglect and
diminution in export status was not as a result of weak market demand but
regretted that agricultural exports were deluded by the easy cash flow from
petroleum.
She however,
added that the current slide in crude oil price has awakened Nigerians to
diversify and move away from mono product economy. She said that federal
government in 2014 listed 13 strategic exports drawn from three core areas of
Agro industrial, mining and oil and gas industries to replace crude oil.
In her own
words: “In 2014 , the federal government of Nigeria
listed 13 strategic exports drawn from three core areas of Agro industrial,
mini/allied products and oil and gas industries to replace crude oil.”
She said
that the council has introduced a policy trust zero oil plan which she said is
designed to bring a future economy where Nigeria would be able to survive even
at zero export of crude oil.
Also
speaking, the Executive Director, NEPC,
Olusegun Awolowo, commended the Federal Government for providing N20 billion
in the 2017 budget for the settlement of 2017 export claims. He noted that the
amount will help to offset export claims and reduce the issues of loss of
revenue.
Represented
by the Director of Export Development, George
Enyiokpo, Awolowo noted that the scheme had been the only functional
incentive for non-oil exporters until its suspension in 2013. He worried that the suspension had impacted
negatively on the earnings from non-oil export in the last four years.
He said the
EEG if approved by the Federal Government will sustain growth and development
of the non-oil Export Sector in particular and the Nigerian Economy in general.
In Awolowo’s
own words: “I am glad to announce that the Federal
Government has approved a budgetary provisions for the settlement of EEG claims
with initial provision of N20 billion in the 2017 Budget for the settlement of
current year (2007) export claims.
“This
will eliminate complaints over revenue loss by the utilizing agencies. Also the
Export Credit Certificate (ECC) which replaces the Negotiable Duty Credit
Certificate (NDCC), is expected to cover a wider scope than just settlement of
taxes. It will include purchasing of Government bonds, settlement of Government
loans.” (Guardian)
NB: To get hold of “Contemporary Steps-By-Steps Guide to
Export Business Manual” click on: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html This manual teaches the contemporary dynamics
of export from Nigeria to foreign countries to avoid any pitfall like being
defrauded by the foreign buyer of your products. It teaches all you need to
know from the point of packaging your exportable products to the point of being
paid by the foreign buyer.
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