Sunday, August 2, 2015

CBN Appoints Inspectors To Ensure Export Of Quality Products

As part of efforts to ensure that only goods with acceptable quality are exported from Nigeria, the Central Bank of Nigeria (CBN) has appointed two additional Pre-shipment Inspection Agents (PIAs) for non-oil exports.

Director, Trade and Exchange Department, Olakanmi Gbadamosi, in a circular to dealers and operators in the non-oil sector, stated that the notice was given in furtherance of a circular issued by the CBN on November 8, 2004.

The banking sector regulator disclosed that in addition to Messrs Cobalt International Services Limited, Carmine Assayer Limited and Neroli Technologies Limited had been included as PIAs for non-oil exports.

The circular indicated that while Cobalt would cover Northern zone of the country, Carmine Assayer would be in charge of South West and Neroli takes care of South East and South-South zones.
In October 2004, there was the reintroduction of pre-shipment inspection of exports which was suspended in March 1999.

The re-introduction of the scheme was part of the Federal Government economic reform programme aimed at diversifying the export base of the country and a measure to ensure that only goods with acceptable quality were exported from Nigeria.

In January 2007, the Government enlarged the scope of the exports pre-shipment inspection scheme to include crude oil and gas. Since the scheme came into operation on October 2004, the company charged with the responsibility for exports Pre-shipment inspection has opened a number of offices across the country.

Under the Nigerian Export Supervision Scheme (NESS), all exports from Nigeria are subject to inspection by the Inspection Agents prior to their shipment; with the exception of certain items. The exempted items are personal effects, used motor vehicles, day old poultry, human parts for transplant purpose, human remains, vaccines, yeast, and periodicals / magazines.

Others are non-commercial exports, such as gifts, trade samples/printed business matter, machinery and equipment for repairs abroad and return to Nigeria, machinery and equipment for replacement, return of machinery and equipment after execution of a specific contract, re-exports and trans-shipments.

In order to avoid multiple examinations and minimise delays during inspections, all the relevant agencies (e.g. Nigeria Customs Service, National Agency for Food and Drugs Administration and Control, Standards Organisation of Nigeria, Nigerian Drug Law Enforcement Agency, Department of Petroleum Resources, Weights and Measures Department of Federal Ministry of Commerce, etc) are encouraged to simultaneously work with the Inspection Agent in order to ensure that the quantity, quality and prices of Nigerian exports conform to the International standard.

No comments:

Post a Comment