Inconsistencies
hinged on inadequate power supply, multiple taxes, business expansion have been
identified as some of the challenges hindering Nigerians in the commodity
export business from meeting up with demands of the United States export
market. In addition to that, exporters who tend to make quick returns by
cutting corners and keeping to the rules in the analysis of export business
have also affected the smooth sail of export business in Nigeria.
These
challenges, the National President, Nigeria-America Chamber of Commerce, Chief Olabintan Famutimi, noted have
created a break along the export value chain. Also, the chamber has concluded
plans to build the capacity of small businesses as part of measures to reduce
the mortality rate of such businesses. Chief Famutimi stated this when the
chamber paid a courtesy visit to the corporate head office of a newspaper in
Nigeria to form a partnership and exchange ideas on mutual relationships with
the organization. According to him, some of the problems have been identified
and through the advice given to government, issues would be addressed.
In Chief
Famutimi’s own words: “In some of our trainings, we
bring subject matter experts from the U.S., the West African trade hub and even
government agencies. In some of the summits we have had, we involved agencies
such as Customs, NAFDAC, SON and all other departments involved in the export
business to address problems to ease export of commodities to the US.”
He
assured that initial difficulties experienced by those in the US who wants to
come and do business in Nigeria have been resolved while he further stated that
it is also working in the US for Nigerians applying to go to the US to for
business as delays have been reduced.
“One of the elements tackled was visa on arrival and is working
smoothly. If you are coming on business in Nigeria and you get to the airport,
they can stamp your visa at the airport and you enter, it is working very well.
Once you have a letter of invitation that you are coming to do business in
Nigeria, your passport would be stamped. They have talked to all Nigerian
embassies abroad that anybody applying for a business should not be delayed and
it is also working over there,”
he said.
Worried
that Nigeria could not take advantage of the African Growth and Opportunity Act
(AGOA) that was meant to expand the country’s export window while it lasted,
the editor a newspaper in Nigeria tasked the chamber to critically look into
cultivating the capacity to export primary goods rather than only promoting
ideas on export businesses.
NB: 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:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
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