Wednesday, 6 June 2018

HOW INCREASED EXPORT FINANCING IS THE KEY TO RESUSCITATING NATION’S ECONOMY,

non-oil export
Industry experts have restated the need for continuous progress in the implementation of the country’s Economic Recovery and Growth Plan (ERGP) in the country. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

One sure way of achieving the ERGP, they argued, was through increased investment in the non-oil export sector, which they said, would help to reposition the nation’s economy for sustainable growth and development.

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:

Speaking to newsmen, the experts noted that the huge amount of money used for the importation of agricultural produce and other food items, especially, rice, wheat, sugar and fish, could be reversed to make better impact on the economy.

In his democracy day national address, President Muhammadu Buhari had reassured Nigerians that his administration was focused on revamping the ailing economy it inherited in 2015 through its comprehensive medium-term plan and the ERGP from 2017 through 2020. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

He also said his administration continues to pursue a strategic food security programme built around self-sufficiency and minimisation of import dependency, leading to reduced rice importation by 90 per cent and a direct impact on foreign reserves.

Speaking, Chief Executive Officer of RTC Advisory Services Limited, Opeyemi Agbaje, noted that increased financing, vibrant economic policies and visible logistics support by government on exporting will result in improvement of standard of living, reduce unemployment, as well an increase capacity utilisation and foreign exchange earnings.

“We are not export competitive, which is visible in the cost of production and high cost of logistics in the country. Our value chain is very weak with a very poor quality assurance. All these are major problems to exporting, which government’s interference could help us overcome. Even in the ICT/Software and creative sectors, our policies are not supportive of progress, which makes it difficult for the younger ones to thrive,” he said.

Former Director General of the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), John Isemede, said only detailed and planned export strategy would help the country address the challenges. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

He argued that if ten per cent of what was used to subsidise import was invested in developing agriculture, the nation’s economy would blossom. (The 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