As much as the objective is in tandem
with the Economic Recovery and Growth
Plan (ERGP), the key economic policy framework of the present
administration, it is ironical that rather than give the EEG a boost, the
relevant authorities have snarled it in an implementation logjam. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html Currently, over N350 billion is the outstanding
indebtedness of the government to the bona fide beneficiaries for more than
nine years while some elements of underhand deals have been spotted in the
discriminatory disbursement of the funds. There has also been a needless
information gap over the legislative and executive actions in effecting the payments
as well as the payments’ modus operandi.
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
Why should the Legislature approve
issuance of Promissory Notes (PNs) to the beneficiaries but the Executive, through
the Debt Management Office (DMO) comes up with the Reverse Auction Process (RAP)
for the issuance? Why should deductions be made (under the terms of the RAP) on
already approved payments? Why should a few of the beneficiaries be selected
for the PNs (without RAP) while others are subjected to the adverse conditions
of the RAP?
We call on the Federal Ministry of
Finance to clear the air on whose table the approvals and payments have been
stalled as well as what form the payment should take. We urge the Executive to
jettison the idea of RAP and issue the PNs to the beneficiaries in line with
what the Legislature approved. Also the PNs should be at shortest term feasible
for payment, bearing in mind that payment has been delayed for a period of
three to 12 years for members’ claims.
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:
Moreover, equal treatment should be
meted to all beneficiaries of all PN categories. We believe that a faithful
implementation of the EEG policy is the needed elixir to help track performance
in the non-oil sector and accelerate the rate of our economic growth. The
logjams and controversies around the EEG implementation would seriously erode
investors’ confidence, as well as dampen the appetite for export sector
development and formalisation.
It would clearly undermine the
much-needed foreign direct investment into the non-oil export sector, while
also short-circuiting the growth in the foreign reserves. The non-oil sector
has great potentials and the capacity to sustain the economy and ensure
inclusive growth, as in the case of agriculture. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html The EEG being such a catalyst for private
sector-driven growth in the sector should be given much seriousness in policy
implementation than what we are witnessing. (Vanguard)
Are you an exporter? Do you like
to master the contemporary dynamics of non-oil export trade and avoid getting
defrauded by the foreign buyers of your exportable products? Click on the link
below:
Have you ever imagines how the
financial status of your company will grow when more than 20,000 CEOs and top
managers of multinational companies pay for your products and services? For
more information, click on the link below:
http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
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