He
spoke in Lagos during the second African Food and Products Exhibition organised
by the Nigerian-American Chamber of
Commerce (NACC). The exhibition had as its theme, “Non-oil exports: Scaling up productivity to meet global demand.”
Pitan
said before the discovery of crude oil in commercial quantity, the agric sector
contributed about 65 per cent to the Gross Domestic Product (GDP). It was also
the major source of revenue and jobs.
Hmmm!!!
Folks, let us say the truth and shame the devil. Many Nigerian non-oil products
exporters have been defrauded of huge amount of money in the process of
exporting agricultural commodities and solid minerals 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, would you like to keep on being scammed? Why
don’t you get a practical manual that explains the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers? It explains export operations, export management, export documentations
and methods of payment in export trade? Yes, 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:
The
BoI said though the value of Nigeria’s agric export appreciated at over $470
million (about N170 billion), this was less than nine per cent of its
potential. According to him, the potential could have been higher if the high
agric export growth rate of the 1960s was sustained.
He
also stressed the need to treat agric more as a business that would create
wealth and empower citizens, adding that agri-business remained a viable option
to help Nigeria and, indeed, other African nations to diversify their revenue
base, reduce imports, create jobs and develop the rural areas. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Pitan
noted that this has become necessary in view of the fact that global food trade
increased by over 50 per cent in the last 10 years, adding that agri-business
was becoming much stronger and more focused at the international level.
According
to the World Bank, Africa’s agric and agri-business trade is expected to hit $1
trillion by 2030, compared to the current market size of just under $350
billion. This increase, Pitan said, translates to greater prosperity, less
hunger and significantly more global trade for Nigeria and African farmers
Pitan
said with agric as one of the six sectors identified for growth in the Federal
Government’s Economic Recovery and Growth Plan (ERGP), there was need to scale
up productivity to help Nigeria become a leading player in both the local and
international agric export market. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The
BoI chief maintained that Nigeria was blessed with abundant agricultural
resources, fertile soil and an appropriate climate in such a way that the
sector would compete favourably in the global agric export market.
He
said: “Going by the agriculture export potential, we
have the opportunity to be the leading exporter of rice, maize, corn, shrimps
and cocoa, which we have in abundant quantities. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html Coincidentally,
these are some of the most valuable agric products traded globally. It is clear
that we have these agric resources and we need to work towards improving the
quality and standards of our products not just to match up to global standards,
but to surpass them. The major obstacle to achieving this is the lack of access
to suitable financing in the sector.”
On how
Nigeria can drive economic diversification and boost productivity in the agric
sector, Pitan stressed the need to embark on agricultural industrialisation and
implement innovative financing models that would cater for the needs of both
low-income farmers and high-income processors.
While
insisting that there is the need to start looking critically at the whole agric
value chain, he said several initiatives had been introduced to boost the
agri-business sector of the economy including the Agriculture Promotion Policy (The Green Alternative).
The
policy, according to Pitan, was aimed at stimulating effective and sustained
economic growth through increased agricultural productivity, food security,
production of raw materials and increased foreign exchange earnings through the
export of agric produce.
He
restated the government’s commitment to revitalising and diversifying the
economy by implementing the ERGP. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html “We
must establish an economy driven by the private sector and enabled by the
government doing its part by way of creating the enabling environment,” Pitan
said.
He
said to this end, BoI will continue to encourage private sector investments in
large-scale food and agro-processing and manufacturing across rural areas,
while deploying public funds towards developing integrated rural infrastructure
such as transportation networks, power and irrigation. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Pitan
said such interventions had become necessary considering the World Bank’s prediction
that the Nigerian population would rise to 391 million in 2050, while the world
population would reach nine billion during the same period.
Pitan
stressed urgent need for Nigeria to proactively improve agricultural processes,
productivity, quality and output, adding that about 65 per cent of the world’s
remaining arable land rested on Nigeria’s shores.
He
therefore challenged the young generation to take up active roles in the agric
sector. He also appealed to financial institutions to provide affordable and
innovative financing for various players along the nation’s agric value chain.
NACC
National President, Olabintan Famutimi,
said the food and products exhibition would promote the development of trade,
commerce, and capacity of indigenous businesses. He said the forum attracted
over 2,000 attendees across Nigeria, including exhibitors who showcased their
products and services. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Famutimi
said the chamber would continue to remind all stakeholders of the need to
promote the Micro, Small and Medium Enterprises (MSMEs) and apply international
best practices and other relevant frameworks in their operations. He pledged
the commitment of the chamber to the full implementation of the African Growth
and Opportunity Act (AGOA). (The Nation)
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:
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