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
The
report of the 2013 National Survey on Agricultural Exportable Commodities done
through the collaboration of Central Bank of Nigeria, National Bureau of
Statistics, Federal Ministry of Agriculture and Federal Ministry of Trade &
Investments revealed that Nasarawa State has great potential for the production
and exportation of sesame seeds, ginger and sugarcane.
According
to the report of BudgIT on the revenue and expenditure of the Nigerian states
from January to last July, Nasarawa was the fourth on the list of states that
with huge deficit. Despite the huge potential of this state, it has not met its
recurrent expenditure due to over-dependence on federal allocation.
This
report is aimed at showing the government of Nasarawa State that it can truly
diversify the economy of this state by making some deliberate effort to
increase the farming of the sesame seeds, ginger and sugarcane in the state. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.htm
The government should encourage citizens to undertake farming of exportable
product by forming cooperatives in different parts of the state, train citizens
in the farming of one of these commodities, provide them with improved variety
of seedlings, agree a price to buy the harvested crop from them and then give
them bank guarantee to buy the harvested crops from them at a collection point
and pay them back within a stipulated period.
This
means the state will partner with trading firms to coordinate the exportation
of the commodity and earn foreign exchange afterwards. The state can then pay
the farmers from the export proceeds upon conversion to Naira. This model has a
humongous potential not just to generate revenue for the government, but also
to create unprecedented job opportunities for the citizen of this 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:
In
this article, we will be considering the potential of farming and exporting
sesame seed as a very viable and sustainable means of revenue generation for
Nasarawa. Let us also point out that the facts raised in this write-up 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.
Nasarawa
produced about 40,000 metric tonnes of Sesame seeds in 2012. Using the national
average of about 38 per cent, this state has arable land that is about
1,041,292.80 hectares of lands. We have made some reasonable and very
conservative assumptions in this analysis and these include: The state is using
just 20 per cent (260,323.20hectare) of this land for the farming of sesame
seed -the yield per hectare of sesame is two metric tonnes 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 sesame seed is $1,200 per metric tonnes FOB Lagos (even though it can be as
high as $1,500. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.htm
Cost
of farming was put at N122, 000 per hectare based on some research works-cost
of exporting per metric tonne was put at N25, 000 based on the export projects
we have handled in the past.
With a
yield of 2MT per hectare, this means that the state can produce 520,646.40MT of
sesame seeds on the land size stated in the assumptions above. If this sesame
seed is exported at a free on board (FOB) price of $1,200/MT, the total
proceeds will be $624,775,680.00. Using a conversion rate of N280 to $1, this
amount to N174, 937,190,400.
The
unit cost of farming sesame seeds and exporting are N130, 000 per hectare and
N35, 000 per MT respectively. The total cost of farming plus 30 per cent profit
on the sales to the government (or to the trading company engaged by the
government) comes to N43,994,620,800 and the total cost exporting (transport,
documentation, freight forwarding etc) comes to N18,222,624,000. The total
project cost (farming and exportation) will be about N62, 217,244,800. The
estimated profit that can accrue to the state on this project comes to about
N112, 719,945,600. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.htm
According
to data obtained from government sources, the IGR of the state for the year
2014 was about N4, 085,127,585. From the analysis we have done on farming and
exportation of sesame seed, the state could grow her internally generated
revenue by about 2,759% from this source alone.
We
strongly believe that if the government of Nasarawa can adopt this commodity as
a means of revenue and implement the strategies suggested in this report, the
state can be repositioned on the path to prosperity and greatness within few
years.
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
No comments:
Post a Comment