President
of the association, Tola Fasheru, who made this known, said about 50,000
tons of the nuts valued at about $300million are still in containers on trucks
waiting to enter the ports or wharves. According to Fasheru, “there is a palpable lack of synergy among the port operators
and this is affecting the business of our members.”
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:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
It
is regrettable that a country whose government is daily making clarion calls
about diversification of its revenue base could allow a thing like this to
happen. One would have thought that such a country would leave nothing to
chance in its efforts to get additional income from other sources, instead of relying
solely on crude oil, with its attendant vagaries at the international market.
It is akin to a situation where the government is calling on Nigerians to go
into farming for exports and yet is not giving them enough encouragement.
Expectedly, this experience is already having
demoralising effects on the cashew exporters, especially as they have had to
default on their contractual agreements with their foreign buyers who are now
walking away from them to do business with their counterparts from more serious
countries. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html More worrisome is that the situation is going to make a mess of meeting
the output target of 260,000 tons of the nuts for the current season (February
to July).
Fasheru
made the point when he said that “not one single cashew
exporter is in the field now as he owes on contracts and as a result has no
money to operate with”. This sad
experience also has the danger of making the planned raising of the annual
production output to 500,000 tons by 2023 a mission impossible for the country,
the sixth largest cashew producer.
The gridlock and inefficiency, as well as corruption
and other vices at the nation’s ports keep having deleterious effects on
virtually all sectors of the economy. We wonder how many other groups or bodies
are passing through what the cashew exporters are experiencing at the ports in
silence. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
We
therefore call on the Federal Government, once again, to expedite action on its
efforts to bring efficiency back to the ports. We can only imagine what the
country has lost to the present state of affairs at the ports – not just in
terms of economic costs but also environmental pollution and social
dislocations. Nigeria is probably one of the few countries where the ports
could have suffered such a long period of neglect, leading to this monumental crisis
that we now have in our hands. It is this crisis that has led to importers
finding ports in neighbouring countries like Ghana, Togo, Benin Republic, among
others, more attractive to do business, at a huge cost to the country’s
economy.
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:
We have said it before; and it bears restating: that
Lagos ports are inadequate to cater to the country’s needs. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html So, the government must redouble efforts to make ports in other parts of
the country functional. This will lead to more efficiency at the Lagos ports,
relieve Lagos roads of the large number of heavy duty vehicles that are daily
shortening the lifespan of the roads apart from causing a nightmare to
pedestrians and motorists in the state. The government would also do well to
accelerate its rail development programme so that much of the cargo now moved
by road could be transported by rail to their respective destinations.
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