One of
the numerous benefits of formal exports is data collection/collation. Data are
facts and statistics collected together for reference or analysis. Incomplete
or inaccurate data hampers the export process as studies of trends, production
figures, prices and other variables would be distorted if it is based on flawed
data.
You
should be able to reach into a data bank to observe the trend of exports in
Nigeria over a period of time, analyze same and draw meaningful conclusions
which are critical to your transactions and the overall development of the
Nigerian export industry.
Every
time you carry out informal exports, you are contributing to the distorted data
of export activities in Nigeria. You will realize how absolutely important data
is when you need specific information & it is not available real time and
when it is, it is in a raw state which has to be further processed before any
meaningful conclusions can be drawn from it.
Data
is important in exports. The onus is on you to contribute to the timely and
accurate collation of data by ensuring your exports are formally carried out.
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