Tuesday, November 29, 2011

Monday, November 28, 2011

FG Disburses N45bn Export Grant in Q2 2011

The Nigerian Export Promotion Council (NEPC) has revealed that over N45 billion has been disbursed by the Federal Government in the second quarter of 2011 under the Export Expansion Grant (EEG) scheme designed to induce performance of non oil exporters in the country.

The Executive Director and Chief Executive Officer NEPC, Mr. David Adulugba, explained that during the year under review, the EEG implementation committee met three times and approved claims to beneficiary companies in the country.

Adulugba, during the NEPC 2011 media briefing with the Organised Private Sector (OPS), in Lagos, said the Negotiable Duty Certificates (NDCCs), which is the means by which exporters are rewarded under the EEG scheme, had been disbursed to beneficiary companies, except a few that are yet to come forward.

He said the EEG initiative was a motivating factor that boosts export trade in the country, saying available evidence from inspection of facilities of EEG beneficiaries companies showed that many of them utilised their claims to procure more machinery to expand their production base for more export business, thereby generating more employment.

According to him, “Exporters now have more confidence in the system as transparency has remained the watchword, then the time-lag for processing of claims has narrowed down except in recent times when institutional interruptions has crept into the scheme’s operations.”

He added that the scheme was aimed at assisting exporters to expand their volume and value of non-oil exports, diversify export markets and to make them more competitive in the global market.

He however stated that to be eligible, an exporter must have exported manufactured, semi-manufactured, semi-processed or primary products. He also stressed that the export proceeds must be repatriated into a domiciliary account in Nigeria and confirmed by the Central Bank of Nigeria (CBN).

Adulugba pointed out that following complaints received by the EEG Implementation Committee from exporters and members of the OPS on the current EEG Product Categorisation, the council organised an interactive forum with a view to reviewing the current EEG product categorisation, to properly situate export products in the scheme.

He said during the year under review, the EEG Directorate called for the submission of 2009 baseline data for 2010 EEG ratings maintain that about 163 companies have submitted their baseline data, while 150 had already been rated for 2010 claims; noting that the remaining 13 companies are yet to be rated as a result of the inconsistencies in their submissions.
He stated that the challenges faced by the scheme include inconsistent government policies, frustration from some stakeholders and inadequate funding of the EEG secretariat.

“As part of the Directorate effort towards ensuring prompt and transparent service delivery, the EEG processing software will be regularly updated to accommodate all eligible exporters especially the Small and Medium Enterprises (SMEs) with the objective to continually boost non-oil from Nigeria,” he said.

He said the EEG Directorate represented the council on the Inter-Ministerial Committee set up by the Minister of Trade and Investment to review the current EEG Scheme, adding that the committee has concluded its assignment and submitted its report. “However, the report is being considered by the Federal Executive Council,” he said.

On the ECOWAS Trade Liberalisation Scheme (ETLS), the Executive Director said it is pertinent to note that Nigeria’s formal non-oil export to the West African sub-region represents about 14 percent of the nation’s total non-oil exports, which is grossly and hopelessly inadequate considering the country’s position as an economic power.

http://www.thisdaylive.com/articles/fg-disburses-n45bn-export-grant-in-q2-2011/103783/

Lagos Export Seminar

Thursday, November 24, 2011

EXPORTING FROM NIGERIA BLOG IS 2 YEARS OLD



















The exportnigeria.blogspot.com started as an idea and suggestion from a friend two years ago (November 26, 2011) with the sole aim of reducing number of enquiries received on export via phone calls by making the export information readily available on the internet. It had grown to become the foremost online resource location where very comprehensive and yet concise up to date information on non-oil export and related matters can be obtained.

In two years, this blog has grown in popularity across the world with about 100-150 visitors viewing a range of 200-250 pages per day. The impacts of the blog cut across different different continents and groups of people (M.Sc Students, Businessmen, Researchers, Export Marketing Companies, Importers of Nigerian Commodities, Intending and Existing Exporters within and outside Nigeria) as evidenced on the comments of visitors on the blog.

We want to thank the Almighty God for His wisdom and our regular visitors for their interest and valuable contribution to growth and development of the blog.

Its has been:
Two amazing years years of Promoting non-export in Nigeria
Two incredible years of Creating small and medium scale exporters
Two awesome years of Growing small and medium scale exporters

Long live exportnigeria.blogspot.com !
Long live 3T Impex Consulting Limited !!
Long live Federal Republic of Nigeria!!!

Monday, November 14, 2011

Exportable Commodities By States: Benue Borno, Cross River, Delta, Ebonyi and Edo

Click on the graphic to enlarge.


Exportable Commodities By States: Abia, Adamawa, Akwa Ibom, Anambra, Bauchi and Bayelsa

Click on the graphic to enlarge.

Trade Investment: Where Do We Stand?


A MOUNTAIN of bulging jute bags hides the far wall of a vast shed. A deafening rattle comes from the machine by the open door, a green contraption of conveyors and rotating metal drums that sorts cashews by size and drops them into sacks. Amid the din, an engineer (Italian, like the machine) explains how it works.

The new factory at Techiman in western Ghana belongs to Rajkumar Impex, an Indian company which processes more cashews than anyone else: 8-10% of the global crop and 20% of Africa’s. Venkatesan Rajkumar, its founder and boss, says that by 2014 he intends to have 18% of the global total. When the Techiman factory is fully open, which it is due to be in November, it will be one of Africa’s few fully mechanised processing plants, drying, roasting shelling and grading some 50 tonnes of raw nuts a day.

African farmers grow about 40% of the world’s cashews, but only around 10% of the crop (less in the west, more in the east) is processed in Africa, according to the African Cashew Alliance, an industry group. Most African nuts go to India or to Vietnam, which grows and prepares more cashews than any other country. The Alliance wants the continent to process 35% of its own raw nuts by 2020.

Mr Rajkumar too believes that “west African nations should develop their own processing capacity” and sees an opportunity for his firm. He is investing $9m in the Techiman factory, expecting to save the cost of transporting bulky material by sea all the way to India. He intends to open factories in Benin and C├┤te d’Ivoire, and maybe another in Ghana. He is also expanding in southern and east Africa, buying a factory in Mozambique and hoping to build one in Tanzania.

West Africa seems a good base from which to serve Americans and Europeans with pre-prandial nibbles or beer-friendly fistfuls. India has a huge domestic market to satisfy—the world’s biggest, which grew more than 9% a year in the past decade. Vietnam, where Rajkumar Impex also has factories, is best placed for East Asia.

Locals, as well as Rajkumar Impex, stand to gain from the Techiman factory. It will employ 1,000 people, 90% of them women. Mr Rajkumar says their pay will depend on how much they process, but he expects it to be four to five cedis ($2.40-3.00) a day, plus food: a good wage by local standards. The company says it can improve farmers’ incomes as well. It reckons there is a margin of up to 20% between what agents pay them for their nuts and what it pays the agents. By dealing with farmers’ co-operatives instead of middlemen, the company can both pay farmers more and get raw nuts more cheaply.

As well as a boost to its economy, Techiman should also see a green boost to its power supply. Rajkumar Impex is spending another $9m on generating electricity from biomass, using nut waste and other material to be bought in. Of the 6MW it plans to generate, it expects to use 0.6MW and to give some of the rest to the local community. (The remainder will be sold into the national grid.) The government, though, will have to provide the wires. As travellers on the bumpy road to Techiman know, west Africa needs infrastructure as well as factories.

Correction: Originally the last paragraph of the article stated that all the surplus electricity would be given to the local community. This was corrected on October 20th 2011

http://www.economist.com/blogs/baobab/2011/10/cashews-ghana?fsrc=scn/fb/wl/bl/nutcluster

Thursday, November 3, 2011

EXPORT PROMOTION IN TERTIARY INSTITUTIONS (The EPITI Project) IN NIGERIA

 
Dear readers, 
We will like to intimate you with the details of our new initiative to promote export in Nigeria right from the Citadel of learning. This is aimed at creating jobs, reducing unemployment and consequently poverty in Nigeria. We will appreciate if you can be part of this and we will also like to say that No amount is too small.

As part of our objective to promote export business in Nigeria, 3T Impex is launching a strategic programme to grow an export oriented generation by educating and exposing the youth in tertiary institutions all over Nigeria to relevant export business information. This is aimed at sensitizing them on the immense opportunities that abounds in the non-oil export sector of the economy and how they can benefit profitably from it as a student (during their holidays) and as a young graduate. This will consequently reduce the unemployment rate in the country and help create young, skillful, vibrant and well equipped export trade entrepreneurs. This initiative is aimed at creating more Jobs (by self employed young graduate in export business), thus reducing poverty and consequently improving our economy via the growth of GDP that would result from massive exportation.

The EPITI Project
To achieve this feat, we have come up with a programme called Export Promotion In Tertiary Institutions (The EPITI Project). To execute this project, we have put together a product called the ABC of Export. This CD contains 2hours of disseminating export information in mp3 format which is divided into 12tracks on an Audio CD. We therefore need sponsorship of the production, packaging, campus launch through free export seminars and the distribution of the product during the seminar.

The EPITI Project will be launched in at least one major campus in each of the 36 states of the federation including Federal Capital Territory. Our target is to reach at least 10,000 students in each of the states in the federation. Our estimation of the total cost per ABC of Export audio CD to be distributed on these campuses during the seminar is NGN200 (Two hundred Naira only). This covers the cost of production, packaging, campus publicity and product launch through free export seminars and the distribution of each of the CDs. Altogether, we intend to produce and distribute a total of 400,000 copies of this product for free.

We are therefore soliciting for partnership with your organization to sponsor this project in part or in whole as part of the organization’s contribution to the growth of the Nigerian GDP through exportation, sustainable employment generation and drastic reduction in the poverty level across the country.
Area of Sponsorship
The Sponsorship of The EPITI Project has been segmented to enable each organization sponsor different aspects of the project based on their area of interest, region and capital.  A sponsor can therefore limit its sponsorship to:
1.     A particular state
2.     A particular geopolitical zone
3.     A particular amount
4.     A particular number copies of the CDs
5.     A particular area of the logistics (Production, packaging, publicity, transport etc)
Depending on the area of interest of each sponsor, the breakdown of all the cost implications will be made available to each partner in this project upon request.

Benefit to the Sponsor
Considering the fact that this project is going to cover every state in this country with a target of about 10,000 students in each state, the products and services of each sponsor will be given immense publicity through:
1.      Their logo which will be printed on the CD pack/sleeve
2.     Distribution of their handbills and fliers on all the campuses
3.     A short presentation of their products and services before the students during the free seminar.

Long Live Federal Republic of Nigeria!!!

Tuesday, November 1, 2011

3T EXPORT CONNECT: GROUNDNUT (200MT SUPPLY PER MONTH)

We are working with a commodity that have the capacity to deliver 200MT of good quality groundnut (peanuts) to a Lagos port  in 4weeks (month).  
Ex-Lagos Price Range: NGN100,000-110,000/MT 
Delivery Duration: 50MT/Week  
Delivery Destination: Lagos Port or Warehouse  
Specifications:
Moisture : 7 % Max
Admixture : 1 % Max
FFA : 1% Max
Splits :2 % Max, 
Blanched Nuts : 1 % Max, 
Aflatoxin : Negative 
Damage Nuts : 0.5 % Max
Validity: November-December 2011