Although
there were expectations that some of the backlogs would be cleared next month,
the delayed approval of the 2018 budget may further prolong the issuance of
promissory notes to the beneficiaries.
The
Federal Government had attributed the delay in clearing the backlog of the
revived Export Expansion Grant (EEG) payments to prolonged approvals from the
National Assembly, following revision of the incentive scheme to Export Credit
guarantee Certificate.
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:
In a
chat with newsmen, Chairman, Nigerian Association of Chambers of Commerce,
Industry, Mines and Agriculture (NACCIMA) Export Action Group, Ade Adefeko, explained that the export
incentives would be settled via the issuance of promissory notes with a tenor
of between 5-7 years to beneficiaries once approved by the government.
Adefeko
noted that expectations are high on the part of non-oil exporters, adding that
clearing the backlogs would aid the growth of non-oil export in the country. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The Director, Export Development and Incentives at the NEPC, George Enyiekpon, had earlier in the
year revealed that the government had already made funds available for the
implementation of the new incentives.
He
added that unlike the EEG, which was a post-shipment incentive where exporters
were required to export before accessing, the new basket of incentives was
pre-shipment and exporters would be given the grant before carrying out the
export. He noted that the NEPC had constituted a technical committee on the new
basket of incentives, which reviewed export incentive schemes in the country
and came up with suggestions.
“The draft report of the committee proposed the reactivation of
moribund schemes such as Export Development Fund, Export Adjustment Scheme
Fund, Manufacture-In-Bond Scheme and the introduction of new ones such as
Export Support/Litigation Fund, which is being presented for stakeholders’
validation,” he
stated. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
On her
part, NACCIMA President, Iyalode Alaba
Lawson, added that government must continue to put structures in place to
facilitate trade. Specifically, she mentioned road infrastructure and the case
of access roads to the Apapa and Tin can ports as illustrative of how
dilapidated roads and consequential traffic gridlock and delays hinder trade.
“The mile-long queue of trailers is indeed embarrassing. We cannot
be working out policies to facilitate trade and leave our road and ports
infrastructure in the state they are across the country.
“The current state of some equipment in use by some operators at the
ports is also worrisome. There are several of them with inadequate and old
equipments; nonfunctioning scanners and required automation systems to
facilitate prompt clearances of containers and goods.
“This was confirmed during a recent On-The-Spot-Assessment Visit to
Sea and Border Posts in South West by NACCIMA as a member of the National Trade
Facilitation Committee (NTFC). All of these must be addressed to enable us make
appreciable progress in the area of trade facilitation,” she added. (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:
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