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
According
to the non-oil exporters, challenges revolving around products, pricing,
paperwork, payment, promotion and policies need to be addressed for the non-oil
export sector to contribute meaningfully to the nation’s Gross Domestic Product
(GDP).
Fellow
Nigerians, are you aware that our crude oil will soon become useless? Yes, it
will, in no distant time, become valueless owing to the fact that the countries
that rely on it as their only source of energy are developing more affordable
alternative sources of energy. When this finally happens, what will we do? How
are we currently preparing for this imminent economic doom? Which other sector
will continue to stabilize our economy? Nigerians, the only solution is
developing the agricultural sector. In fact, this is the only solution. Very
soon, the major source of revenue will become agriculture and agro-exports. How
are you positioning yourself to play big in agro-export business? 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? Yes,
arm yourself with the contemporary trends in export trade. This manual 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:
Indeed,
latest data from the National Bureau of
Statistics (NBS) showed that total export value amounted to N4.463 trillion
in Q2, 2018, representing a contraction of 4.9% over Q1, 2018 (N4.692trillion)
and a growth of 43.8% over Q2, 2017 (N3.10 trillion).
The
total value of Nigeria’s external trade in goods amounted to N6.569 trillion in
the second quarter of 2018, a decrease of N641.1 billion or -8.9% from the
N7.211 trillion recorded in the first quarter of 2018. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
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Chairman,
Export Group, Lagos Chamber of Commerce and Industry (LCCI), Bamidele Ayemibo, said the hydra-headed
challenges can be addressed through collaboration between the private sector
and government in the areas of policy initiation and implementation. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Ayemibo
said: “The challenges of product is in two parts, on
one hand, it has to do with the quality of product being exported and on the
other hand is the focus on only exportation of primary products.The quality
issues are mainly due to knowledge gap on the part of exporters, dubious
practices among exporters and local suppliers, inadequate inspection agents,
inadequate laboratories for testing and sometimes unprofessional and dubious
inspection agents.
“All these hinder the exporters from getting paid after shipment and
this makes them to be discouraged and halt further shipment. The focus on the
exportation of primary products also reduce our foreign exchange earnings
because the more the value addition of the product, the more buyers are willing
to pay.”
Executive
Secretary of the UN Economic Commission for Africa, Vera Songwe, also called for improved processing saying: “We must do more, better and faster by improving on
infrastructure, logistics and reducing tariffs and non-tariff barriers.”
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Chief
Executive Officer of Friday Consult Limited, Fred Uwheraka, noted that the only solution to storage is
harnessing these products from the farmer’s gate by adding value. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
“Our selection process is a major issue. As an exporter you have to
know the requirements of a specific product for each country you are exporting
to. Your selection process must be very good; you must know if the products are
exportable and you must also be consistent.
“Another problem exporters are having is the issue of freight
forwarding. You must use a reliable forwarding agent and the selection process
should be yours. Delays in forwarding can bring about some level of doubt on
the part of the receiver at the other end,” he
added.
He
said the reason why Nigerian products are not selling well at the international
market is due to lack of continuous supply. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
He advised exporters to carry out due diligence economies of scale for each
export they make to have pre-knowledge of returns. (Guardian)
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