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 this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
This
is really unfortunate because this state is among the few in Nigeria that has a
double; in the sense that it has huge deposit of solid minerals with export
potential in addition to its agricultural potential. Plateau has no reason to
be in this financial mess.
However,
the people on the plateau have found themselves in this predicament because
they have not learnt how to harness the state potential in both agriculture and
solid minerals to generate enough revenue to meet her obligations. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
This
article should show the state a way out in practical sense with the numbers
that are well researched and not just speculation on what could be done. This
article is a departure from the empty projections of political sloganeering,
with its empty promises of projected internally generated revenue and jobs to
be created, without specifics on how to deliver on such.
The
time has come for the knowledgeable people to begin to tell the leaders what
they need to start doing in order to redirect their various states to the path
of economic progress. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
In this article, we will be examining how the farming and exporting of
sugarcane can help Plateau to generate N170 billion in revenue if the
government can commit just 10 per cent of its arable land to the cultivation of
this agricultural commodities.
Let us
also point out that the facts stated in this paper are based on the data
obtained from different research done by Central Bank of Nigeria, National
Bureau of Statistics, Ministry of Agriculture and some universities in Nigeria.
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
Plateau
State produced about 28,000MT of Sugarcane in 2012. Using the national average
of about 38 per cent, this state has arable land that is about 1,187,059.20
hectares of lands. We have made some reasonable and very conservative
assumptions in this analysis and these include that: the state is using just 10
per cent (118,785.92 hectare) of this land for sugarcane plantation, the yield
per hectare of sugarcane is 20MT per hectare (even though, there are varieties
that can yield more than this) this yield was used to make provisions for
losses that might occur during harvest, the unit price of sugarcane is $600/MT
FOB Lagos (even though it can be as high as $750), cost of farming was put at
N250,000 per hectare based on some research works and cost of exporting per
metric tonne was put at N40,000 base on the export projects I have handled in
the past.
With a
yield of 20MT per hectare, this means that the state can produce 2,374,118.40MT
of sugarcane on the land size stated in the assumptions above. If this
sugarcane is exported at a free on board (FOB) price of USD600/MT, the total
proceeds will be $1,424,471,040. Using a conversion rate of N285 to 1$, this
amount to N405, 974,246,400. The unit cost of farming sugarcane and exporting
are N250,000 per hectare and N40,000 per MT. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The total cost of farming plus 50 per cent profit on the sales to the
government (or to the trading company engaged by the government) comes to
N44,514,720,000 and the total cost exporting (transport, documentation, freight
forwarding etc) comes to N94,964,736,000. The total project cost (farming and
exportation) will be about N139,479,456,000. The estimated profit that can
accrue to the state on this project comes to about N266,494,790,400.
According
to data obtained from government sources, the IGR of the state for the year
2014 was about N8, 280,000,000. From the analysis we have done on farming and
exportation of sugarcane, the state could grow her revenue by about 2000 per
cent from this source alone.
To
implement the option put forward in this article, here are some of the steps
that the state will have to take. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The state government should purchase of improved varieties of seedlings and
other farm inputs for registered farmers and cooperatives, train the farmers on
the best farm practices using Agriculture professionals and extension officers,
provide a guarantee to the farmers to purchase the harvested crops from them at
a pre agreed price, partner with a trading company for marketing and export of
the commodity and share proceeds and buy the farm produce from the farmers on
credit and pay them upon receipt of export proceeds from buyers abroad.
We
strongly believe that if the government of Plateau State can adopt this
commodity as a means of revenue and implement the strategies suggested, it will
naturally improve the economy of the state to the part of greatness within few
years.
The
state will not only become self-sufficient but numerous jobs will also be
created with several socio-economic benefits. As Nigeria’s leading export research,
publishing and consulting firm, we will be willing to partner with governments
to explore the export potential of each state.
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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