The
development of any economy is to a large extent tied to the growth of
exportation as exportation boosts the economy and creates jobs. It also
increases the standard of living of citizens. For a very long time, Nigeria
focused on exporting crude oil, forgetting that we are a country blessed with
so many other cash crops and minerals that could also be exported. Nigeria was
slowly becoming a mono-product economy in spite of its abundant resources.
This brought
about the realization and a need for diversification of Nigeria’s export
portfolio in order to sustain and grow the economy. This brought about the
establishment of a government agency that would help to develop strategies,
programs and policies that would increase export of non-oil export products in
the country.
The
NEPC was established as a service unit to offer funding and support to
indigenous manufacturing companies and other companies that produce exportable
products so that they can get their products into the export market easily.
They make it easier for exporters to access the foreign market, identify
products that can be exported, understand standardization, specifications and
packaging requirements.
The
NEPC became even more active under the democratic dispensation. As an exporter,
there are several ways through which the NEPC can help and protect your export
business. Some of these include-:
Provision of a list of
Exportable Products: If
you are just considering going into export business but you are unsure of what
to export; you can visit the NEPC’s website. There, you would find a long list
of products that you can export and the countries you can export to. If you
have an existing business, you can also find out where you can start exporting
your products to through the NEPC. There are also materials that you could
download on their website or materials you could picks up from their office that
sheds more light on this.
Provision of technical
support to exporters in the following areas:
Ensure
proper documentation of export transactions: Proper documentation is very
important in exportation because it shows proof and provides a legal basis for
transactions. The NEPC would let you know which documents you need, how to get
them, the need for those documents as well as the places to send the documents
to.
Business
Registration: Before you can carry out exportation business; you have to
register with the NEPC. This registration is beneficial for you because the
NEPC maintains a database of all Nigerian exporters that overseas buyers can
use to find legitimate suppliers. That opens ups another avenue for buyers to
reach you and buy products from you.
Quality
and Standards-: The NEPC also monitors the quality and standards of products
goings out to ensure that they are of high quality.
Payment-:
The agency also helps you suggest the best and most secure payment methods.
Organization of Trade Fairs
and Exhibitions: The
NEPC also helps to organize and facilitate the participation of Nigerians in
international trade fairs and exhibition events. If you are registered with the
NEPC and have a solid or innovative product; the NEPC can facilitate your
participation in trade fairs and exhibition programs.
Bringing Exporters
together: The
NEPC also creates an avenue for exporters to come together under one umbrella
to relate and discuss issues related to export promotion and development. It
makes it easier for exporters to network with one another.
Provision of information on
product sourcing: If
you are unsure of where to get particular products for export, you can ask the
NEPC for help. They would be able to give you information on where to find the
products you are looking for in Nigeria.
Administration of Grants
and Incentives: If
you are registered with the NEPC, then you can easily access some of the grants
and incentives that the government doles out regularly to help exporters in the
country. Exporters of agricultural products receive a lot of incentives from
the government regularly.
Simplification of the
export procedure: If
you are new into exportation, it’s easy to get confused and misunderstand the
procedure; a visit to the office of the NEPC would help to enlighten you and
put things in perspective. The NEPC can assist you such that you.
Carrying out research and
studies: The
NEPC also carries out regular studies and research into matters concerning
exporters and factors that may affect/influence exportation in Nigeria. As an
exporter, you can benefit greatly from such research and studies.
Solving export problems: If at any point in your
export business you encounter some challenges or problems; the NEPC is your
go-to agency for complaints and solutions to your challenges. If you want to
find out if a company/overseas buyer is legitimate or not; you can contact the
NEPC who would help you investigate through the buying country’s embassy.
Creation of awareness and
publicity: The
NEPC also does a lot of local and international advertisements and promotions
which is also directly beneficial to you as an exporter.
Provision of Financial
Support:
Lastly, you can get financial support through the NEPC; although the NEPC might
not be able to give you direct loans, they can provide useful information on
where to get loans easily for your export business. They may also be able to
guarantee a loan for you.
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
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