Friday, 23 February 2018

NIGERIAN EXPORT PROMOTION COUNCIL PROPOSES THE ZERO OIL PLAN

The Nigerian Export Promotion Council (NEPC) had made a presentation to the National Economic Council (NEC) on a plan to restructure the Nigeria Economy to survive without Crude Oil. The Plan is called “The Zero Oil Plan”.

NEPC informed Council that Nigeria is going through the sharpest falls of export revenues in her history, loosing over $100 billion US dollars (N30 trillion) of National export revenue between 2015 to 2017 due to the crash in oil prices, which resultant effect was recession.

Council was informed that there was urgent need to rapidly ramp up non-oil exports as our future earnings from crude oil face significant headwinds.

The “Zero oil Plan” aims at earning at least $30 billion from non-oil sources in the near to medium term as against the current earnings of about $5 billion.

The objectives of the Zero Oil Plan is to add $150 billion to Nigeria foreign reserves over the next 10 years, create 500,000 jobs, lift 10 million Nigerians out of poverty and integrate each State of the Federation into the export value chain

The focus of the plan is on the export of the following crops – Rice, Wheat, Corn, Palm Oil, Rubber, Hides and Skin, Sugar, Soyabeans and automotive parts among others.

Destination countries for our exports include; Netherlands, China, Iran, Germany, United Kingdom, France, Spain, Italy, India, S/Arabia, among others. (Oracle)

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

Hmmm!!! Folks, have you ever imagined how the financial status of your firm will be when more than 20,000 CEOs and other key decision makers of blue-chip corporations pay for your products and services or even give you very juicy deals. The link below will tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html