Saturday, 4 April 2020

HOW NIGERIAN FARMERS MADE MORE THAN 201 BILLION NAIRA FROM AGRO-EXPORT IN NINE MONTHS

Have you heard that farmers in Nigeria earned a total of N201.66bn from export of their agricultural products between January and September, 2019? This is the beauty of agro-export. We, at Tectono Business Review, have always stated it that the main dividend of agricultural practice is in the exportation of agricultural products. The figure above was arrived at from foreign trade in goods data, which was obtained from the National Bureau of Statistics (NBS).

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

An analysis of the figures showed that N86.09bn was earned in the first quarter of 2019. The N86.09bn which represents 42.69 per cent of agricultural exports is the highest export revenue earned by farmers during the first three months of the year.

The NBS put the export earnings from agricultural produce in the second quarter at N74.47bn. In the third quarter, the export revenue dropped by N31.37bn to N42.1bn.

Some of the exported products in the third quarter were sesame seed with a value of N14.83bn; cocoa beans N13.31bn, cashew nuts N2.91bn, frozen shrimps N2.25bn and cocoa butter N2.04bn. Others were coconut N801m, flowers N473m, cotton N398.7m, flour N369.7m, plants for perfumery N274.6m, and ginger N197.8m. The rest were sesame oil N185m, gum Arabic N159.1m, vegetable fats N109.4m and broad beans N106.4m.

Do you know that you will minimize the amount of money you spend on food items when we deliver the foods items to you in bulk at reduced price from our farms? For details, click: http://www.tectono-business.com/2020/02/fresh-food-items-supply.html

According to the Managing Director, Tak Integrated Agricultural Solutions Limited, Kabir Usman, Nigeria could earn huge revenue from agriculture if the potential of the sector was effectively harnessed. He recalled that before the discovery of crude oil, most of the nation’s revenue came from agro-exports.

In Usman’s own words, “This country was built on the foundation of agriculture export and not on crude oil. Fifty years ago, Nigeria was known as  nation of agricultural exports. We were known for production of organic farming. Agriculture is the only sector that can create 100 millions of the jobs we are looking for.”

The Executive Director and Chief Executive of Nigeria Export Promotion Council (NEPC), Olusegun Awolowo, said the council was targeting to generate about $200m in the next 10 years from the development of organic farming in seven priority commodities. Awolowo who put the global organic food and drinks export at $97bn said that the Federal Government was targeting to benefit from the huge market.

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 this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html    

He gave the seven products as ginger, tumeric, sesame seed, hibiscus flower, tiger nut, moringa oleifera and cashew. Awolowo said the potential of the seven products would be harnessed from states that had comparative advantage in them. Some of the states are  Kaduna, Nassarawa, Cross River and Oyo, Cross River Benue Kogi, Niger, Jigawa, Katsina, Bauchi, Kano and Gombe. Others are Abia, Ogun, Enugu, the Federal Capital Territory, and Kwara.

In Awolowo’s own words, “The Organic Farming Development Programme for export is a critical market intervention and value chain linkage programme under the Zero Oil Plan. The ultimate objective of the project is to contribute to the Federal Government’s policy of developing the potential of the non-oil sector of the economy.

“This will be achieved through improving production and post-harvest handling of the seven priority organic products for export, with a view to expanding and increasing Nigeria’s share in the global market.”

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