Friday, August 30, 2013

Nigeria: Achievements of Nexim Bank Excite Okonjo-Iweala

"... We look towards the Board members of the NEXIM Bank to really perform a very important function of ensuring that NEXIM plays the role it should within this country and beyond, and that our private sector, where we have so many talented men and women, so many entrepreneurs that would be enabled by the activities of this Bank to show what Nigeria can indeed do... " - Dr Ngozi Okonjo-Iweala

The above statement by the Minister of Finance and Coordinating Minister of the Economy no doubt is an endorsement of the efforts of the Nigerian Export Import Bank at facilitating non-oil export in Nigeria.

This convinction further found expression in the inauguration of the reconstituted Board of NEXIM Bank recently.

The Board which was reconstituted by President Goodluck Ebele Jonathan, GCFR, was inaugurated by the Coordinating Minister for the Economy (CME) and Minister of Finance, Dr Ngozi Okonjo-Iweala, with a charge to the Bank to further boost regional trade in West Africa.

Speaking at the Board inauguration in Abuja on Friday August 23, 2013, Dr Okonjo-Iweala, noted that the Jonathan Administration remains committed to the task of transforming the Nigerian economy and expanding regional trade through the incorporation of the West African economic zone and declared that NEXIM is pivotal to achieving this vision. According to her, "... NEXIM Bank is a very important part of our finance complex. This a Bank that was set up to support import and export trade within the country. We are happy to say that it's proven its worth; been performing its functions... but, there are a lot of expectations of this bank. Government of President Goodluck Ebele Jonathan has embarked on a path of transforming the economy and has been trying to work with our private sector to expand trade, particularly regional trade... and NEXIM has so far supported this vision... we can only encourage and support them to keep up their good work... "

The CME reminded the gathering that Nigeria's economy is 55 per cent of the regional economy which implies that the country's economic structures have to be well primed and poised to take charge of affairs and pull commensurate weight in the sub region. The platform for this is for the government to support the private sector to trade within the region and beyond.







Tuesday, August 20, 2013

The Basic Features Of An Export Contract

  1. Quality Specifications
  2. Quantity
  3. Packaging
  4. Contract duration
  5. Shipment date
  6. Pricing
  7. Incoterms
  8. Origin of goods
  9. Inspection agents
  10. Port of loading and port of discharge
  11. Shipping line
  12. Payment terms
  13. Payment methods
  14. Documents
  15. Dispute resolution

Monday, August 19, 2013

FG Set To Rebuild Groundnut Pyramid

AS part of its efforts to ensure self-sufficient food production by 2015, the Ministry of Agriculture and Rural Development has unveiled plans to rebuild the lost groundnut pyramid.
Permanent Secretary in the ministry, Mrs Ibukun Odusote, said that the plans to rebuild the groundnut pyramid included establishing Groundnut Value Chain (GVC), with the objective of increasing production, processing and marketing of groundnut.
Mrs Odusote disclosed this at the opening ceremony of a two-day National Stakeholders Workshop on Promoting the Development of Groundnut Production, Processing and Export in Nigeria, held at the International Institute for Tropical Agriculture (IITA), Kano.
She said that the project implementation for GVC activities commenced in 2013, and the interaction with stakeholders from both the public and private sectors to synergise and come up with appropriate template and road map for the development of an effective and economically viable groundnut sub-sector was ongoing.
Odusote, who was represented by the State Director of Agriculture, Bauchi State, Mr Mohammed Yusuf, noted that small, medium and large scale farmers, processors and marketers were showing interest in investing in groundnut production and processing.
She added that to create demand for the anticipated large output of groundnut from these interest groups, efforts were being made to train operators of small groundnut processing mills/machines to enhance their capacity.
She revealed that two processing machines had been given to about 20 women who participated in the training, which they were expected to pay in instalments.
She further disclosed that the Federal Government was about to conclude an agreement with the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) for the purpose of promoting the groundnut seed production and processing.

Monday, August 5, 2013

Re: [Exporting From Nigeria] New comment on How Do I Obtain An Export License in Nigeria?.

Thanks for your request.
The Export License costs about N13,500.00.

Sent from my BlackBerry wireless device from MTN

From: Akinpelu Victor <>
Date: Mon, 05 Aug 2013 16:24:10 +0000
To: <>
Subject: [Exporting From Nigeria] New comment on How Do I Obtain An Export License in Nigeria?.

Akinpelu Victor has left a new comment on your post "How Do I Obtain An Export License in Nigeria?":

thank you so much. pls can i know how much it will cost to start a profitable charcoal bizness

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Posted by Akinpelu Victor to Exporting From Nigeria at August 5, 2013 at 3:24 PM