Saturday, 6 July 2019

EXPORT EXPERTS HAMMER ON THE NEED FOR EFFECTIVE CAPACITY BUILDING FOR EXPORTERS TO BOOST THE SECTOR

Export trade experts have emphasized on the need for a highly structured environment and capacity building to address knowledge gap in order to harness the huge potential in the export sector currently worth about $500 million with over $12billion opportunities.

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 just as the federal government is targeting additional Foreign Direct Investment (FDI) in excess of $1.5billion, to harness potential in the Information Communications Technology (ICT) industry.

The export experts made this known during the eCam2019 Nigeria Export Summit & Awards, themed: “The digital era business on the move: Export on the fast lane,” focused on utilising ICT to promote investment and export.

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While speaking at the event, the Chairman of NACCIMA Export Group, Kola Awe, said about 90 per cent of the exporters in Nigeria have no formal training, and had to learn through unpleasant experiences, and called for the development of curricula for that purpose.

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“Nigeria non-oil export sector has huge potential, hence, the need to train new hands to utilise and benefit immensely from the sector. There are a lot of pitfalls and lose ends that could be avoided if there is a proper guide,” Kola Awe added.

The Central Bank of Nigeria (CBN), on Monday, unveiled a N500billion low interest rate non-oil export facility. The apex bank in the guidelines of the Non-Oil Export Stimulation Facility (ESF), said the fund was established to support the diversification of the economy from oil, and to expedite the growth and development of the non-oil export sector. 

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