Sunday, 6 May 2018

AFRIEXPORTER MAGAZINE BOSS TASKS GOVERNMENT ON IMPLEMENTATION OF INCENTIVE SCHEMES TO BOOST NON-OIL EXPORT

The Chief Executive Officer of Afriexporter Magazine, Idris Mamukuyomi, has called on the Federal Government to provide incentives and implement schemes that will help non-oil export’s growth and development. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Speaking at Afriexporter Expo 2018 conference and exhibition held recently in Lagos with the theme: “Nigeria Export Industry: Product, Prospect, Profitability”, Mamukuyomi stressed that most developing and developed nations provide incentives to boost exports and advised the government to follow suit.

He however commend the government for reviving the Export Expansion Grant scheme, describing it as a scheme that buffers some of the cost disadvantages faced by Nigerian exporters.

According to him, a lot has to be done rapidly to translate the policies into action to gain credibility as there must be a political and legislative will to bring these policies to fruition. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

He explained that the international expo is designed to promote and facilitate international trade between the Americans, Asia, Caribbean, Europe, United Arab Emirate and Nigeria as well as other countries in Africa as it provides a platform for African businesses to connect global investors and financial providers, with major focus on key economic sectors.

The Chief Executive Officer, eBSI Export Academy in Ireland, who is also a partner of the event, Thomas Smith, applauded the present government for renewing its commitment to export sector’s growth, hence urged the government to do more as exports from Africa to the European countries over the last 10 years fell from 8.7 per cent in 2006 to 7.6 per cent in 2017.

“Nigeria has faced an unfair share of economic challenges over the last few years and the business environment has become tougher, but it is encouraging to see green shoots appear in the export outlook thanks to renewed government commitment to export growth.

“I am happy to say that in terms of Irish exports that Ireland is our number one export destination into Africa. This is appropriate given the importance and size of the Nigerian economy within the continent. European, American and especially Chinese interest in Africa has grown significantly over the years and is reflected in media programs” he said.

Guest speaker, Judson B. Welsh, advised the government to change its mindset toward exportation of non-oil products especially agriculture.

He said: “Nigeria has to change its mindset and the mindset is on agricultural industry, to process agricultural goods for sale nationally, regionally and internationally. So that is what this is about. Nigeria has no export industry; it only has oil and gas. So until it develops the export industry, Nigeria is zero on the export line as they lack the knowledge and standard required for agricultural products and packaging.

“When I first came to Nigeria, they were exporting palm oil, cocoa; somehow over the last four years Nigeria forgot how to export, they are stuck on a single trap going nowhere called oil and gas.

Nigeria should change her mindset toward the financial sector and agriculture and should be smart enough to take the opportunity offered by agriculture production process.” (Guardian)

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