NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Mar 4, 2024 17:19:18 GMT 1
The role of agricultural cooperatives in promoting small-scale farmers' participation in agro-allied businesses
The role of agricultural cooperatives in promoting small-scale farmers' participation in agro-allied businesses is vital for the economic and social development of rural communities. These cooperatives provide a platform for small-scale farmers to come together, pool their resources, and collectively engage in various agricultural activities, including livestock farming, crop production, and value-added processing. In this article, we will explore the significance of agricultural cooperatives in empowering small-scale farmers and facilitating their participation in agro-allied businesses. Small-scale farmers often face numerous challenges that hinder their participation in agro-allied businesses. These challenges include limited access to markets, lack of bargaining power, inadequate financial resources, and limited knowledge of modern farming techniques and technologies. Agricultural cooperatives play a crucial role in addressing these challenges by providing various services and support to their members. One of the primary benefits of agricultural cooperatives is improved access to markets. In many cases, small-scale farmers struggle to find buyers for their agricultural produce or get fair prices due to their limited production capacity and lack of market information. By joining cooperatives, farmers can collectively negotiate better prices, access larger markets, and establish long-term contracts with buyers. The cooperative acts as an intermediary, helping farmers sell their produce, reducing transaction costs, and ensuring a fair and stable income for its members. Moreover, agricultural cooperatives provide platforms for knowledge sharing and capacity building. Small-scale farmers often lack access to information on modern farming techniques, best practices, and market trends. Cooperatives facilitate the exchange of knowledge and expertise among members through training programs, workshops, and field demonstrations. This empowers farmers with the necessary skills and knowledge to improve their agricultural practices, increase productivity, and enhance the quality of their produce. Financial constraints are a significant barrier for small-scale farmers looking to engage in agro-allied businesses. Agricultural cooperatives play a critical role in providing financial services and support to their members. They can secure loans and credit facilities on behalf of their members, leveraging the collective strength and credibility of the cooperative. This enables farmers to access the necessary capital for purchasing inputs, expanding their farms, or investing in value-added processing. Additionally, cooperatives can establish savings and credit schemes, allowing members to save money, access affordable credit, and accumulate funds for future investments. In many rural areas, small-scale farmers lack access to modern infrastructure and processing facilities required for agro-allied businesses. Agricultural cooperatives often play a significant role in establishing and managing these facilities. They can set up processing units for value addition, storage facilities to reduce post-harvest losses, or even establish cooperative-owned retail outlets. These initiatives not only add value to farmers' produce but also create employment opportunities, generate additional income, and stimulate local economic development. Agricultural cooperatives also provide a platform for collective decision-making and representation. They give small-scale farmers a unified voice, enabling them to advocate for their interests and engage with policymakers, government agencies, and private sector stakeholders. By speaking as a group, cooperatives can address issues of land rights, access to inputs and services, and policy reforms that are crucial for small-scale farmers' participation in agro-allied businesses. Cooperatives can also play a vital role in empowering women and marginalized groups, ensuring their inclusion and participation in decision-making processes. Furthermore, agricultural cooperatives facilitate risk-sharing among their members. Small-scale farmers often face various risks, including climate-related uncertainties, market volatility, and price fluctuations. Cooperatives can help farmers mitigate these risks by pooling resources, diversifying production, and collectively managing risk management strategies. By sharing risks, farmers are better equipped to withstand shocks and uncertainties, ensuring the sustainability and resilience of their agro-allied businesses. In conclusion, the role of agricultural cooperatives in promoting small-scale farmers' participation in agro-allied businesses cannot be overstated. These cooperatives provide small-scale farmers with access to markets, knowledge, financial services, infrastructure, and representation. By coming together and working collectively, farmers can overcome the challenges they face, improve their livelihoods, and contribute to the economic development of their communities. Governments, development organizations, and other stakeholders should prioritize supporting and strengthening agricultural cooperatives to ensure the inclusive and sustainable growth of agro-allied businesses.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Mar 4, 2024 0:37:28 GMT 1
Fishing business fails to bait investment on inflation, export banNigeria’s fishing industry, a sub-sector of agriculture, has for the first time since 2014 attracted zero investment as costlier inputs and the persistent export ban makes the sector less attractive to investors. Data from the National Bureau of Statistics (NBS) capital importation report shows that the fishing sub-sector attracted no foreign direct investment in 2023 as against $9 million recorded in 2022. Fish farmers across the country are contending with the rapid rise in prices of key inputs – from fish feeds, which account for 70 percent of total costs, to high energy costs, low consumer patronage, and shrinking market size. “The industry market size keeps shrinking daily; so how can it attract investments?” asked Oloye Olibale, former national president of the Catfish and Allied Fish Farmers Association of Nigeria. Olibale, who has shut down his Ibadan farm over the challenges facing the industry, said the demand for farmed fish in the country is fast declining owing to the accelerating inflation that is cutting consumers’ purchasing power and amplifying a cost of living crisis in Nigeria. “It has been a daily struggle for fish farmers in the country. Prices of fish feed keep surging with no sign in sight that it will stabilise,” he said. “Also, the US export ban on catfish is still there and it is reducing our market size and deterring new entrants and investments into the sector.” A combination of issues ranging from accelerating inflation, decreasing household income and skewed exchange rate is seriously affecting farmers and forcing several to completely shut down operations. “Many of us have shut down operations and those still in operation have reduced their capacity tremendously,” Olibale said. Also, the failure of the government to provide a Self-Reporting Tool requirement for smoked catfish (Siluriformes) to the United States Food Safety and Inspection Service has further shrunk the market size for the industry. These issues, according to experts, are fast eroding the opportunities and progress the industry has made since 2011 when output increased from less than 500,000MT in 2011 to 1.1 million MT in 2017, data from the Federal Ministry of Agriculture states. The most recent data from the World Bank on the country’s fish production shows that the 2017 figure has declined marginally to a million MT in 2022. Remi Ahmed, national president of the Tilapia and Aquaculture Developers Association of Nigeria, said that both domestically and internationally, the market is contracting for Nigeria’s fish products. “This owes to reasons such as cost implication, preference for imported fish, and the naira scarcity as well as the ban on our catfish export,” Ahmed said. Despite having the potential to generate annual revenue of $296 billion, as projected by the World Aquaculture Society, generate millions of jobs and reduce pressure on the naira, the fishing and seafood industry is still largely untapped. “Improving Nigeria’s fishing industry must begin by declaring a state of emergency in that sector,” said Cheta Nwanze, partner at SBM Intelligence. “Steps must be taken to also address piracy at sea.” According to Nwanze, the sector is being hampered by a myriad of challenges ranging from infrastructural gaps to lack of exposure of fish farmers to modern aquaculture practices, to poor access to quality feed, to pests, diseases, and climate change effects such as flooding among others. “These have consequently made fish production levels in the country unable to meet growing local demand, and the sector unattractive.” From a slowed growth of 0.47 percent in 2022, the fishing sub-sector contracted by 1.36 percent in 2023, data from the National Bureau of Statistics shows. The country spends billions of naira yearly on fish importation. Nigeria imports fish varieties including mackerel (locally called ‘titus’ or ‘alaran’), herrings (locally called ‘shawa’), horse mackerel (locally called ‘kote’), blue whiting (locally called ‘panla’), Argentina silus (locally called ‘ojuyobo’), and the popular croaker fish. The country spent N138 billion on fish importation in the first nine months of 2023, according to the most recent data of the NBS Foreign Trade report. Source: businessday.ng/agriculture/article/fishing-business-fails-to-bait-investment-on-inflation-export-ban/
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Mar 2, 2024 3:43:34 GMT 1
The Importance of Agro-Allied Enterprises in Nigeria's EconomyIntroductionAgro-allied enterprises play a vital role in Nigeria's economy, contributing significantly to employment generation, food security, poverty alleviation, and foreign exchange earnings. These enterprises encompass a wide range of activities including farming, processing, packaging, distribution, and marketing of agricultural products. In this article, we will explore the importance of agro-allied enterprises in Nigeria's economy and the various benefits they bring to the nation. Employment Generation
One of the most crucial contributions of agro-allied enterprises is their role in employment generation. Nigeria faces high unemployment rates, particularly among its youth population. Agro-allied enterprises provide countless job opportunities, both in rural and urban areas. From farmers and farmworkers to food processors, marketers, and agrologists, these enterprises offer a diverse range of employment opportunities. By creating jobs, they reduce unemployment rates, alleviate poverty, and improve the standard of living for individuals and communities. Food SecurityAgro-allied enterprises are essential in ensuring food security in Nigeria. With a rapidly growing population, the demand for food is increasing at an alarming rate. These enterprises contribute to food security by producing, processing, and distributing a wide variety of agricultural products. They invest in modern agricultural practices, use improved seed varieties, adopt advanced technologies, and engage in innovative farming techniques. This not only increases agricultural productivity but also ensures a consistent supply of quality food products for domestic consumption. Poverty AlleviationAgro-allied enterprises have the potential to reduce poverty levels in Nigeria. The majority of the population in the country is engaged in agriculture-related activities, either as farmers or as part of the value chain. By creating job opportunities and income streams, these enterprises empower individuals and communities, lifting them out of poverty. Additionally, agro-allied enterprises provide opportunities for small-scale farmers to access markets, obtain fair prices for their produce, and earn a stable income. This enables them to improve their living conditions, invest in education and healthcare, and break the cycle of poverty. Foreign Exchange EarningsNigeria heavily relies on oil exports for foreign exchange earnings. However, the volatility of the oil market makes it necessary to diversify the country's revenue sources. Agro-allied enterprises have the potential to generate significant foreign exchange earnings through agricultural exports. Nigeria has favorable climatic conditions for the cultivation of various crops such as cocoa, cashew, palm oil, and rubber, which are in high demand in international markets. By promoting agro-allied enterprises, Nigeria can reduce its dependence on oil and increase its foreign exchange reserves. Rural DevelopmentAgro-allied enterprises play a crucial role in rural development by stimulating economic activities and improving infrastructure in rural areas. These enterprises often establish their operations in rural communities, where agriculture is the primary source of livelihood. By setting up processing plants, storage facilities, and transportation networks in these areas, they create employment opportunities and improve the standard of living for rural dwellers. This not only reduces rural-urban migration but also promotes balanced regional development. Technology and InnovationAgro-allied enterprises embrace technological advancements and innovations to enhance productivity and efficiency. They invest in research and development to develop high-yielding crop varieties, disease-resistant breeds, and improved farming techniques. Additionally, these enterprises adopt modern processing and packaging technologies to ensure the quality and safety of their products. Technological advancements in agro-allied enterprises not only increase productivity but also attract young entrepreneurs to invest in the sector, fostering innovation and growth. Government Support and PoliciesThe government plays a crucial role in promoting agro-allied enterprises through supportive policies and incentives. In recent years, the Nigerian government has implemented initiatives such as the Anchor Borrowers' Program, the Presidential Fertilizer Initiative, and the Agriculture Promotion Policy. These policies provide access to credit facilities, subsidize agricultural inputs, and improve market access for farmers and agro-allied enterprises. The government's support has played a pivotal role in stimulating the growth of agro-allied enterprises in the country. Environmental Sustainability
Agro-allied enterprises have the potential to contribute to environmental sustainability in Nigeria. Through sustainable farming practices such as proper land management, crop rotation, and organic farming, these enterprises can mitigate the adverse effects of agriculture on the environment. Additionally, they can promote the use of renewable energy sources, reduce greenhouse gas emissions, and promote the conservation of natural resources. By adopting sustainable practices, agro-allied enterprises contribute to the preservation of Nigeria's biodiversity and ecological balance. ConclusionAgro-allied enterprises play a critical role in Nigeria's economy by generating employment opportunities, ensuring food security, alleviating poverty, and earning foreign exchange. They contribute to rural development, promote technological advancements, benefit from government support, and contribute to environmental sustainability. To fully harness the potential of agro-allied enterprises, it is crucial for the government and stakeholders to continue investing in the sector, provide necessary infrastructure, and create an enabling environment for growth and development. With the right policies and support, agro-allied enterprises can be a driving force for Nigeria's economic transformation.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 29, 2024 12:01:25 GMT 1
Beyond Oil, Can Nigeria's Sesame Seed Revolution Bloom Into A Billion-Dollar Success Story?Sesame Seeds: Nigeria's Secret Weapon for Sustainable Growth? Unlocking Millions in Exports and Empowering Farmers!As an agricultural expert familiar with the Nigerian landscape, my duty in this post is to dissect the exciting phenomenon dubbed the "Sesame Seed Revolution." You may have been hearing or reading about it, but let's explore its potential, challenges, opportunities, and draw inspiration from global successes as the eyes of the Federal Government have been opened widely to see this revolution; no thanks to the current ravaging foreign exchange scarcity. Overview: The "Sesame Seed Revolution" in Nigeria refers to the growing trend of sesame seed cultivation and its potential impact on the country's agriculture. Sesame seeds have gained popularity due to their high nutritional value and export demand. Nigeria, being one of the largest producers of sesame seeds in Africa, stands to benefit economically. This revolution offers numerous advantages for Nigerian agriculture, such as increased farmer income, employment opportunities, and improved foreign exchange earnings. Sesame seeds are drought-resistant and well-suited to Nigeria's climate, making them a viable crop for smallholder farmers. Additionally, the global demand for sesame products in food, cosmetics, and pharmaceuticals provides a lucrative market. However, challenges like inconsistent quality, limited processing facilities, and inadequate infrastructure persist. Efforts to address these issues through improved processing methods and better market access could further boost the Sesame Seed Revolution, positioning Nigeria as a key player in the international sesame market. Nigeria's sesame seed production has skyrocketed in recent years, propelling it to the 7th largest producer globally. This "revolution" holds immense potential, driven by rising global demand and its drought-resistant nature. Sesame offers high export value, contributing significantly to foreign exchange earnings and rural income. Impact on Nigerian Agriculture: This revolution can be a game-changer. Sesame cultivation requires fewer resources like water compared to staple crops, making it ideal for resource-constrained farmers. Improved farming practices and processing facilities can create job opportunities and boost rural economies. Additionally, income generated can be reinvested in diversifying farmlands, increasing overall agricultural output and food security. Challenges and Opportunities: Despite the promise, significant hurdles remain. Lack of access to quality seeds, fertilizers, and extension services hinder optimal yields. Inadequate storage facilities lead to post-harvest losses, and fluctuating market prices impact farmer incomes. However, opportunities abound. Improved access to financing, training, and technology like drought-resistant varieties can significantly increase output and quality. Investing in processing facilities can add value and attract premium markets. Economic Benefits: The potential economic benefits are substantial. Studies estimate that increased sesame production could generate billions of dollars for the Nigerian economy. Farmers' incomes can rise significantly, leading to improved livelihoods and poverty reduction. The boost to foreign exchange earnings can be vital for national development. Additionally, the sector can stimulate the growth of allied industries like transportation, storage, and packaging, creating a ripple effect throughout the economy. Comparative Analysis: Looking beyond Nigeria, success stories like Thailand's cassava revolution and Vietnam's coffee boom offer valuable lessons. Both were driven by government support, improved farming practices, and access to international markets. In both cases, farmer cooperatives played a crucial role in aggregation, bargaining power, and knowledge sharing. These examples highlight the importance of a multifaceted approach for sustained success. Digging Deeper into the Sesame Seed Revolution in Nigeria: Current Production and Export: Nigeria produced an estimated 1.4 million tonnes of sesame seeds in 2023, making it the 7th largest producer globally. Sesame seed exports reached N49.1 billion in the first quarter of 2020, highlighting its significant contribution to foreign exchange earnings. Key Stakeholders: Farmers: Small-scale farmers are the backbone of production, often belonging to cooperatives for better bargaining power. National Sesame Seed Association of Nigeria (NSSAN): Promotes the sector and advocates for farmer interests. Nigerian Export Promotion Council (NEPC): Facilitates access to international markets for exporters. Research institutions: Develop improved varieties and disseminate knowledge. Private sector: Processing companies, traders, and exporters play crucial roles in value addition and market access. Environmental Sustainability: Sesame cultivation requires less water compared to staple crops, making it suitable for climate-resilient agriculture. However, concerns exist regarding deforestation for expansion and over-utilization of soil nutrients. Sustainable practices like crop rotation, cover crops, and organic farming methods should be encouraged. Government Policies and Support: Government initiatives like the National Sesame Seed Strategy aim to improve production, processing, and marketing. Access to subsidized inputs, extension services, and training programs are crucial for small-scale farmers. Investing in infrastructure like storage facilities and irrigation systems can minimize losses and boost efficiency. Market Trends and Demand: Global demand for sesame seeds is growing, driven by rising health awareness and its diverse applications in food and non-food industries. Nigeria needs to focus on producing high-quality seeds and diversifying export markets beyond traditional destinations. Food Security Contribution: Sesame cultivation can directly enhance food security through income generation for rural communities, allowing them to purchase diverse food items. The increased income can also be reinvested in diversifying farmlands and growing food crops, contributing to overall food availability. Technological Advancements: Drought-resistant sesame varieties can improve yields and adapt to changing climatic conditions. Mechanization tools can ease labor constraints and increase efficiency. Blockchain technology can enhance transparency and traceability within the value chain, ensuring fair prices for farmers. Research and Development: Research focused on developing high-yielding, disease-resistant varieties tailored to local conditions is vital. Exploring value-added products like sesame oil and tahini can diversify income streams for farmers. Investing in post-harvest technology can minimize losses and ensure better quality for export markets. Small-Farmer Participation: Cooperatives can help small farmers have access to inputs, training, and market opportunities. Contract farming agreements with processors can provide guaranteed markets and better prices. Government programs should prioritize support for small-scale farmers for inclusive and sustainable growth. Challenges to Scalability: Lack of access to financing and quality inputs are major hurdles for small-scale farmers. Inadequate storage facilities and infrastructure lead to post-harvest losses. Fluctuating market prices and unstable export regulations can discourage farmers. Addressing these challenges requires a multi-pronged approach involving government, private sector, and stakeholders. The Sesame Seed Revolution presents a unique opportunity for transformative change in Nigerian agriculture. By addressing the challenges, harnessing the opportunities, and learning from international success stories, Nigeria can unlock the full potential of this golden seed, paving the way for a more prosperous and sustainable future for its farmers and the nation as a whole. Addendum: You Need To Engage With Us To Learn More: Our company is one of the best companies in the Agro-Export business in Nigeria today. We train individuals and corporate organizations on how to do Export Business the right way; if you are interested, please contact the admin of this forum now for further details.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 25, 2024 19:41:57 GMT 1
Agro-Exports: One State, One Product Initiative To Yield $30 billion For The Federal Government Of Nigeria In 10 YearsThe Nigerian Export Promotion Council (NEPC), is still insisting and reminding State Governors that the economy of the nation will be better if each of the 36 states of the federation will specialize in one exportable agricultural product and nurture it to maturity until it starts earning foreign exchange for the country. The council is still insisting that the model is to bring about diversification of the economy in order to end the Federal government’s mono cultural dependence on oil all these past years with neglect of the non-oil sector. This assertion was made by the regional head of NEPC, Joe Ita in Calabar, the Cross River state capital; at a one-day South-South stakeholders consultative forum for export clusters. He said that NEPC developed this ‘Zero Oil’ plan in 2016 as a response to the recession that the country found itself in that year due to the crash of international oil prices. With this plan the country will be preparing itself for a time when there will be no oil anymore in the Niger Delta or when oil will no more be relevant in the scheme of things in the world affairs. He described the strategy as a plan through which the country will be boosting its foreign exchange receipts through the non-oil sector. The country will initially target 22 products that are capable of generating $30 billion in foreign exchange a year. Some of them are: cotton, rice, leather, gold, soya beans, cocoa, petrochemicals, palm oil, rubber, cement, tomato, banana, oranges, cashew, cassava, sesame seeds, avocado, and spices. The strategy is to have one export product for each state from which Nigeria will be earning foreign exchange. He advised that each state coordinator should work closely with their state governments to drive the project. Also, the Chief Promotion Officer of NEPC, Sylvia Onono Adeneye, said that the agency is willing at all times to help the state governments realize their non-oil export dreams. The Cross River State Commissioner for Commerce, Mrs. Rosemary Archibong, urged the Federal Government of Nigeria to support the state in its quest for industrialization. She stated that the state governor has a strong vision for the state’s success in export; and that is why he is developing a cargo airport, deep-seaport, and a 275 kilometer super highway all towards achieving the state’s exports goal. Also deputy director of NEPC, Mrs. Pauline Ndulaka, stated during the implementation of the One state, one product (OSOP) value chain export development meeting through the National committee on export promotion in Uyo ( Akwa Ibom state capital) that the nation’s non-oil exports will reach $30 billion annually by the year 2025. The NEPC Deputy Director added that Nigeria’s sole reliance on crude oil and gas exports has been the main reason of high volatility in our national economy. But she stated that if properly implemented that the foreign exchange of the country from non-oil exports will rise to $30 billion annually in the next 10 years. It is expected to create at least 500, 000 extra jobs annually in order to lift Nigeria’s working population out of poverty. She urged the state governments to focus their energy on products they have comparative advantage over other states and develop it for export. For example, Akwa Ibom state has a lot of fresh coconut oil, cassava, seafood, palm fruits, iron ore, and others. Both the federal and state governments should wake up and arrest the economic meltdown facing the country. The country’s import bill is rising annually without a corresponding increase in non-oil exports. We can remember that 5 years ago, precisely in year 2016, immediately after the government of President Muhammadu Buhari took over power, The Executive Chairman of NEPC, Olusegun Awolowo unveiled the new project called ‘One state, one product’. In fact the project was presented to all the representatives of all state governments of the Federation. While addressing a team of technocrats driving exports in their various states at a parley, Awolowo said that the project was aimed at stirring each of the 36 state governments of the Federation to focus its energy on one product that it can develop for export. The project was established to actualize the Zero Oil project of the Federal Government which will help develop the country’s non-oil sector and eventually the economy. The country must start thinking as if oil does not exist any longer. Five (5) solid years after the launching of the project, what is the result?Stay with us as we will bring to you the various levels attained by each state of the Federation on this issue in our subsequent articles.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 24, 2024 13:15:57 GMT 1
Opportunities for Investment in Agro-Allied Enterprises in Nigeria Introduction
Nigeria, blessed with abundant arable land, a favorable climate, and a large population, presents significant opportunities for investment in agro-allied enterprises. The agro-allied sector encompasses various activities, including farming, processing, packaging, distribution, and marketing of agricultural products. The sector has immense potential for growth, driven by increasing demand for food, rising income levels, and government support. In this article, we will explore the opportunities for investment in agro-allied enterprises in Nigeria. Growing Population and Increasing Demand for Food
With a population of over 200 million people, Nigeria has a large domestic market for agricultural products. The population is projected to reach 400 million by 2050, further increasing the demand for food. This presents a significant opportunity for investment in agro-allied enterprises, particularly in areas such as crop production, livestock farming, and fishery. Investors can focus on cultivating high-demand crops, such as maize, rice, cassava, and vegetables, to meet the growing demand for staple foods. Similarly, investing in livestock farming, poultry, and aquaculture can cater to the increasing demand for meat and fish products. Government Support and PoliciesThe Nigerian government has implemented various policies and initiatives to support the growth of agro-allied enterprises and attract investment into the sector. The Agricultural Promotion Policy (APP), also known as the Green Alternative, focuses on increasing agricultural productivity, improving value chain efficiency, and promoting agribusiness. Additionally, the Anchor Borrowers' Program provides access to credit facilities for smallholder farmers, while the Presidential Fertilizer Initiative ensures the availability of affordable fertilizer. These supportive policies create a conducive environment for investment in agro-allied enterprises. Investment in Processing and Value AdditionInvesting in processing and value addition is a promising opportunity in Nigeria's agro-allied sector. Currently, a significant portion of agricultural produce is lost post-harvest due to inadequate processing and storage facilities. By investing in processing plants and storage facilities, entrepreneurs can add value to agricultural products, prolong their shelf life, and reduce post-harvest losses. Processing activities can include milling, canning, drying, packaging, and food processing. This not only improves product quality but also opens up opportunities for export and higher profitability. Export Potential and Foreign Exchange EarningsAgro-allied enterprises have immense export potential, which can contribute to foreign exchange earnings for Nigeria. The country has a favorable climate for the cultivation of various crops, such as cocoa, cashew, sesame, palm oil, and rubber, which are in high demand in international markets. By investing in export-oriented agro-allied enterprises, entrepreneurs can tap into global markets and earn valuable foreign exchange. Additionally, the African Continental Free Trade Area (AfCFTA) agreement provides further opportunities for export and regional trade. Agro-Processing Zones and Special Economic Zones
The Nigerian government is establishing Agro-Processing Zones (APZs) and Special Economic Zones (SEZs) to attract investment in the agro-allied sector. APZs are designated areas that provide necessary infrastructure, utilities, and support services to agro-allied enterprises. They offer favorable conditions for investment, including tax incentives, access to finance, and guarantees for off-take agreements. Similarly, SEZs focus on developing specific industries, including agribusiness, with targeted incentives and infrastructure development. Investing in APZs and SEZs can provide investors with a conducive business environment and access to a network of suppliers, markets, and service providers. Technology and Innovation
Technological advancements and innovation present opportunities for investment in agro-allied enterprises in Nigeria. Innovations in agriculture, such as precision farming, hydroponics, and greenhouse farming, can help improve productivity and reduce resource wastage. Investing in modern farming techniques, irrigation systems, and farm management software can enhance efficiency and profitability. Furthermore, there are opportunities for technology-driven solutions in areas such as agricultural finance, e-commerce platforms, and supply chain logistics, which can streamline operations and create value for agro-allied enterprises. Access to Finance and Investment OpportunitiesAccess to finance is crucial for the growth and expansion of agro-allied enterprises. The Nigerian government and financial institutions have introduced various initiatives to support agribusinesses, including dedicated agricultural loan schemes, venture capital funds, and grants. These financial instruments provide investment opportunities for entrepreneurs interested in the agro-allied sector. Additionally, private equity firms, impact investors, and multinational corporations are increasingly looking to invest in the agro-allied sector in Nigeria, attracted by its growth potential and market opportunities. Investment in Agricultural Infrastructure
Infrastructure development is critical for the growth of agro-allied enterprises in Nigeria. Investment in agricultural infrastructure, such as irrigation systems, rural roads, storage facilities, and cold chain logistics, can significantly improve productivity and reduce post-harvest losses. Entrepreneurs can explore investment opportunities in building and operating infrastructure projects that cater to the needs of agro-allied enterprises. Public-private partnerships are also being encouraged to accelerate infrastructure development in the agricultural sector. ConclusionInvestment in agro-allied enterprises in Nigeria presents immense opportunities for entrepreneurs and investors. The growing population, increasing demand for food, government support, and favorable policies create a conducive environment for investment. Opportunities exist in crop production, livestock farming, fishery, processing and
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 22, 2024 20:32:42 GMT 1
Collaboration and partnerships between agro-allied enterprises and other sectors in NigeriaCollaboration and partnerships between agro-allied enterprises and other sectors in Nigeria are essential for the growth and development of the agricultural industry. Nigeria's economy heavily relies on agriculture, with a large portion of the population engaged in farming and related activities. However, the sector has faced numerous challenges, including limited access to modern technology, inadequate infrastructure, and insufficient funding. To overcome these obstacles and maximize the potential of the agricultural industry, collaboration and partnerships with other sectors are crucial. One area where collaboration can be highly beneficial is technology transfer. The rapid advancements in technology have transformed various industries worldwide, and the agricultural sector is no exception. Innovations such as precision farming, drone technology, and automated machinery have the potential to revolutionize agricultural practices, improving efficiency and productivity. Collaborations between agro-allied enterprises and technology companies can facilitate the transfer of these technologies to the agricultural sector in Nigeria. This could involve partnerships for research and development, knowledge sharing, and joint investment in technology infrastructure. By leveraging the expertise and resources of both sectors, Nigeria's agricultural industry can adopt modern technologies and enhance its competitiveness. Infrastructure is another critical area where collaboration can make a significant impact. Poor infrastructure, including road networks, power supply, and irrigation systems, has long been a hindrance to the growth of the agricultural sector in Nigeria. Collaboration between agro-allied enterprises and infrastructure development companies can address these issues and improve the overall productivity of the industry. For instance, partnerships for the construction of irrigation systems could help mitigate the effects of erratic rainfall patterns, ensuring a consistent water supply for farming activities. Similarly, collaborations for the improvement of rural road networks can facilitate the efficient transportation of agricultural produce from farms to markets, reducing post-harvest losses and increasing profitability. Another potential area for collaboration is finance. Access to affordable credit is crucial for agro-allied enterprises to invest in modern technologies, expand their operations, and increase production. However, the agricultural sector often faces challenges in accessing finance due to perceived risks associated with farming activities. Collaborations between agro-allied enterprises and financial institutions can help address this issue by developing innovative financial products specifically tailored to the needs of the agricultural industry. This could include loans with flexible repayment terms, insurance products to mitigate risks, and investment schemes for small-scale farmers. By working together, both sectors can unlock the potential for increased investment and growth in the agricultural industry. Collaborations between agro-allied enterprises and the education sector can also contribute to the development of a skilled workforce in agriculture. Despite the importance of agriculture in Nigeria, there is a significant shortage of skilled professionals in the sector. Collaborations between agro-allied enterprises and educational institutions can help bridge this gap by developing curricula that are relevant to the needs of the industry, providing hands-on training opportunities, and supporting research and innovation. This can attract more young people to pursue careers in agriculture and equip them with the necessary skills and knowledge to contribute to the growth of the industry. Furthermore, collaborations between agro-allied enterprises and the tourism sector can promote agro-tourism, a niche market that combines agricultural activities with tourism experiences. Nigeria has a rich cultural heritage and diverse agricultural practices that can attract both domestic and international tourists. Partnerships between agro-allied enterprises and tourism operators can create opportunities for visitors to engage in activities such as farm tours, culinary experiences, and cultural festivals. This not only generates additional income for agro-allied enterprises but also promotes rural development and job creation in agricultural communities. In summary, collaboration and partnerships between agro-allied enterprises and other sectors in Nigeria are crucial for the growth and development of the agricultural industry. Through collaborations in technology transfer, infrastructure development, finance, education, and tourism, the potential of the agricultural sector can be unlocked. These collaborations will not only address the challenges faced by the industry but also create opportunities for increased investment, productivity, and job creation. As Nigeria strives to diversify its economy and reduce its dependence on oil, a strong and vibrant agricultural sector fueled by collaborations and partnerships will play a vital role in achieving sustainable economic growth.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 22, 2024 13:34:13 GMT 1
Shocking: Nigeria Can Become A Major Food Exporter In The World, But It Cannot Happen Because Of These Factors. What Are They?It is always nice to dream big, but dreaming big without commensurate action backing your dreams is simply a deadly wishful thinking. Can you imagine that Netherlands, a tiny country that is just a little bigger than Nigeria’s Zamfara state, has demonstrated that where there is the will, there must always be a way! The Dutch State has emerged second-largest agricultural exporter by value in Europe, despite limited land, owing to its top-notch infrastructure, logistics, cutting-edge technologies, and innovative practices. Based on data published by the World Trade Organization (WTO) for 2022, the 5 (five) European countries with the highest exports by value are: Germany: €2,060,409 million Netherlands: €916,169 million France: €1,005,319 million Ireland: €723,121 million Belgium: €551,281 million Netherlands and Zamfara state share a focus on agriculture, and face similar challenges related to climate change and resource management, Nigeria as a whole cannot be compared as of yet to the kingdom of the Netherlands. The Dutch country took certain steps to get to where it is today. Its transitioning to become a major global exporter holds lessons for Nigeria. But we have learnt nothing. “We’re big exporters in the Netherlands because we also have an amazing infrastructure and logistics in place. It’s top-notch,” Leonie van der Stijl, deputy consul general and head of the economic department, Kingdom of the Netherlands, said. She added, “The port of Rotterdam is the biggest in Europe, so it’s also a hub to the hinterlands. We’re almost a port of Germany, even though Germany is not on the water. Our rivers flow through the Netherlands, all the way to Germany. “There’s hardly any wilderness left in the Netherlands. We’ve chopped everything. When you fly over, you’ll see only squares of agricultural practices. Every metre in our country has been made for farming.” You can imagine careful planning and seriously indoctrinating almost all the small population to cultivate the habit of feeding the nation. Driven by food security concerns, the Netherlands set an ambitious goal 20 years ago to feed its 17 million people, double food production while halving resource use. It has made significant progress in that time, showcasing the potential of innovation and efficiency in agriculture. Look at the most important aspect of their resolve 20 years ago, “to double food production and also halving resource use”. They need to feed about 17 million people and also realizing that for them to achieve that without hurting the economy, they will have to halve resource use. “Unlike Nigeria where almost everything is season-bound such that you have just one harvest of certain crops every year, we have the greenhouse technologies down to tea, so we grow everything year-round. “We have also done all of the research and all of the data for decades on how to keep the soil healthy, how to get the most yield from the best seeds (and that’s, I think, one of the things that Nigeria has found a tough thing to do),” said Stijl. Over the past 30 years, the Dutch tomato industry has become the world leader in yield, producing more tomatoes per square mile than anywhere else (as it grows its tomatoes on only 6.9 square miles of land). The Netherlands enjoys high yields in other staple crops as well. Nigeria, on the other hand, has the third largest area harvested for tomatoes, but the lowest yield among the top 25 producers. Nigeria is not a match to the Netherlands in terms of yield as data from the Food and Agricultural Organization of the United Nations show that Africa’s most populous nation has failed to make appreciable efforts in increasing its farm yields, still recording the lowest yields per hectare among its African peers. After the crops are harvested, products in staggering numbers are still lost from farmer to market because of the long logistics chain. Stijl also spoke on the high level of insecurity that plagues both the farmers and the major markets. Netherlands: From Tiny Land to Top Agricultural Exporter - 10 Key Lessons for Nigeria Despite limited land, the Netherlands is the second-largest agricultural exporter in Europe thanks to: Top-notch infrastructure and logistics: Rotterdam, Europe's biggest port, facilitates efficient transport. Cutting-edge technologies: Dutch farmers utilize advanced greenhouse techniques for year-round production. Innovative practices: Soil health, data-driven farming, and high-yielding seeds maximize output. Focus on efficiency: They halved resource use while doubling food production in 20 years. 10 Lessons for Nigeria: Prioritize infrastructure and logistics: Invest in efficient transportation networks and storage facilities. Embrace technology: Explore greenhouse technologies and data-driven farming methods. Innovate and adapt: Develop practices suited to local conditions and challenges. Focus on resource efficiency: Reduce waste and optimize resource utilization. Set ambitious goals: Aim for significant improvements in production and sustainability. Learn from research: Conduct data-driven analysis and implement best practices. Improve seed quality: Utilize high-yielding and disease-resistant varieties. Reduce post-harvest losses: Invest in proper storage, handling, and transport infrastructure. Address insecurity: Ensure safety for farmers and markets to encourage production and investment. Seek collaboration: Engage with experts and learn from successful models like the Netherlands. Nigeria's Challenge: Despite having the third-largest area harvested for tomatoes, Nigeria suffers from the lowest yields among top producers, highlighting the need for significant improvement in agricultural practices and efficiency. By implementing these lessons and addressing its challenges, Nigeria can leverage its vast agricultural potential and follow in the footsteps of the Netherlands, becoming a major agricultural exporter in its own right. Addendum: You Need To Engage With Us To Learn More:Our company is one of the best companies in the Agro-Export business in Nigeria today. We train individuals and corporate organizations on how to do Export Business the right way; if you are interested, please contact the admin of this forum now for further details.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 21, 2024 20:31:46 GMT 1
Exploring New Markets: How can agro-allied enterprises expand their export opportunities?The agricultural sector plays a crucial role in the economic development of any country. It not only provides food security but also generates employment opportunities, contributes to GDP growth, and plays a vital role in international trade. For agro-allied enterprises, expanding into new markets is a key strategy to drive growth and maximize export opportunities. However, venturing into unfamiliar territories can be challenging. In this article, we will explore various strategies and opportunities for agro-allied enterprises to expand their export operations and tap into new markets. Market Research: The first step in expanding into new markets is conducting thorough market research. Agro-allied enterprises need to identify potential export destinations that have a demand for their products. This involves understanding the target market's consumer preferences, market trends, and competition. Market research can be done through primary research, such as surveys and interviews, or by analyzing secondary data sources like industry reports, trade statistics, and market intelligence platforms. By gaining insights into the target market, agro-allied enterprises can tailor their products and marketing strategies to meet the specific needs of consumers in different regions. Building Relationships with International Buyers: Developing strong relationships with international buyers is crucial for successful export operations. Agro-allied enterprises can participate in trade fairs, exhibitions, and international business conferences to showcase their products and connect with potential buyers. These platforms provide opportunities for face-to-face interactions, networking, and negotiations. Additionally, agro-allied enterprises can leverage the power of digital platforms and e-commerce to reach potential buyers across different geographical locations. Online marketplaces and B2B platforms allow agro-allied enterprises to showcase their products, communicate with buyers, and facilitate transactions, thereby expanding their export opportunities. Understanding Trade Regulations and Compliance: Before entering new markets, agro-allied enterprises must familiarize themselves with trade regulations and compliance requirements. Each country has its own set of import regulations, quality standards, labeling requirements, and certification processes. It is essential to understand the specific regulatory framework of the target market to ensure compliance and prevent any trade barriers. Agro-allied enterprises can seek guidance from trade associations, government agencies, and industry experts to navigate through the complex regulatory landscape. Compliance with international standards not only ensures market access but also enhances the credibility and reputation of agro-allied enterprises in the global marketplace. Partnering with Local Distributors and Agents: Collaborating with local distributors and agents can be an effective strategy for expanding into new markets. These partners have a deep understanding of the local market, established networks, and distribution channels. By leveraging their expertise, agro-allied enterprises can overcome cultural and logistical challenges, gain market insights, and access a wider customer base. Agro-allied enterprises can conduct due diligence to identify reliable and trustworthy partners who can effectively promote their products and navigate the local business environment. Partnerships with local distributors and agents can accelerate market entry, enhance brand visibility, and increase sales. Adapting Products to Meet Local Preferences: An essential aspect of expanding into new markets is customizing products to meet the preferences and tastes of consumers in different regions. Agro-allied enterprises need to understand the cultural nuances, dietary habits, and culinary traditions of the target market. This may involve modifications in packaging, flavors, ingredients, or product formulations. Adapting products to local preferences not only increases the likelihood of market acceptance but also demonstrates a commitment to customer satisfaction. Agro-allied enterprises can conduct consumer research, focus groups, and product testing to gather feedback and fine-tune their products accordingly. Developing Supply Chain Capabilities: Efficient supply chain management is crucial for successful export operations. Agro-allied enterprises need to build robust supply chains that ensure the availability of products, maintain product quality, and meet delivery deadlines. This may involve investing in cold storage facilities, improving transportation infrastructure, and implementing quality control measures. By optimizing the supply chain, agro-allied enterprises can streamline operations, minimize costs, and enhance customer satisfaction. Collaborating with logistics providers and partnering with other stakeholders in the supply chain can further enhance the effectiveness and reliability of export operations. Diversifying Product Portfolio: To expand export opportunities, agro-allied enterprises can consider diversifying their product portfolio. By introducing new products or variants, they can cater to a wider range of consumer preferences and tap into different market segments. Diversification can also reduce the risk associated with relying solely on a single product or market. However, before diversifying, agro-allied enterprises must conduct market research to identify gaps, assess competition, and evaluate the potential demand for new products. Additionally, diversification should be accompanied by adequate investment in research and development, production capabilities, and marketing efforts. Government Support and Trade Agreements: Governments can play a significant role in supporting agro-allied enterprises in their quest to expand export opportunities. Governments can provide financial assistance, export promotion initiatives, and trade facilitation measures to encourage agro-allied enterprises to explore new markets. Additionally, trade agreements between countries can create favorable conditions for agro-allied enterprises by reducing tariff barriers, easing customs procedures, and harmonizing standards. Agro-allied enterprises can leverage these government initiatives and trade agreements to access new markets, benefit from preferential trade arrangements, and gain a competitive edge. In conclusion, exploring new markets is vital for the growth and success of agro-allied enterprises. By conducting market research, building relationships with international buyers, understanding trade regulations, partnering with local distributors, adapting products to meet local preferences, developing supply chain capabilities, diversifying product portfolios, and leveraging government support and trade agreements, agro-allied enterprises can expand their export opportunities and realize their export potential. With careful planning, strategic decision-making, and a customer-centric approach, agro-allied enterprises can tap into new markets, increase their market share, and contribute to the development of the agricultural sector.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 20, 2024 17:47:38 GMT 1
Exploring regional integration and trade agreements for Nigerian exportsIn today's globalized world, the concept of regional integration and trade agreements has become increasingly essential for countries to expand their economic horizons and strengthen their global presence. Nigeria, as a leading African economy, has recognized the significance of regional integration and has actively engaged in various trade agreements to boost its exports. This article explores the advantages and challenges of regional integration and highlights the trade agreements Nigeria has entered into to enhance its exports. Regional integration refers to the process of countries coming together to form a regional bloc with shared objectives and policies. This integration can occur through various mechanisms, such as the establishment of regional economic communities, free trade areas, or customs unions. By integrating, countries can create a larger market by eliminating trade barriers, reducing transaction costs, and promoting the flow of goods, services, and investments. For Nigeria, regional integration presents several benefits. First and foremost, it expands the market for Nigerian exports, allowing local producers to reach a larger customer base within the region. This increased market access can lead to economies of scale and enhance productivity, making Nigerian exporters more competitive globally. Furthermore, regional integration fosters cooperation and collaboration among member countries, facilitating the exchange of knowledge, expertise, and technology. This collaboration can help Nigeria to develop its industries and improve the quality of its exports. Additionally, integration can attract foreign direct investment (FDI) into the region, further enhancing economic growth and development. Nigeria has actively pursued regional integration through its membership in several regional economic communities, including the Economic Community of West African States (ECOWAS) and the West African Monetary Zone (WAMZ). ECOWAS, consisting of 15 West African countries, aims to promote regional integration, peace, and security, and has established a customs union and a common external tariff. Nigeria's participation in ECOWAS allows it to benefit from the region's larger market, access to raw materials, and the free movement of goods and services. In addition to ECOWAS, Nigeria is also a member of the African Continental Free Trade Area (AfCFTA). The AfCFTA, launched in 2018, is the largest free trade area globally, covering 54 African countries with a combined GDP of over $3 trillion. The agreement aims to create a single market for goods and services, facilitate the movement of people, and promote industrialization and economic diversification across the continent. Joining the AfCFTA presents tremendous opportunities for Nigerian exporters. By eliminating tariffs and non-tariff barriers on 90% of goods traded within the region, the agreement enables Nigerian exporters to access a market of over 1.2 billion people. This increased market access can significantly boost Nigerian exports, particularly in sectors such as agriculture, manufacturing, and services. Moreover, the AfCFTA provides a framework for addressing issues related to intellectual property rights, competition policy, and investment, further enhancing the business environment for Nigerian exporters. However, while regional integration and trade agreements bring numerous benefits, they also come with challenges that need to be addressed. One significant challenge is the issue of harmonizing policies and regulations among member countries. Different countries often have varying standards and regulations for products, making it difficult for Nigerian exporters to comply with multiple sets of rules. Harmonization efforts need to be undertaken to ensure a level playing field and seamless trade across the region. Another challenge is the potential for unequal distribution of benefits. Some countries within the region may have more developed industries and stronger competitive advantages, leading to a potential imbalance in trade. It is crucial for Nigeria to ensure that its industries can compete effectively and benefit from regional integration while also focusing on inclusive growth and addressing any disparities that may arise. Infrastructure development is another crucial aspect that needs to be addressed. Inadequate transportation, logistics, and energy infrastructure can hinder trade and increase transaction costs. Nigeria should invest in improving its infrastructure, both domestically and within the region, to facilitate the smooth flow of goods and services. To maximize the benefits of regional integration and trade agreements, Nigeria needs to adopt a comprehensive approach. This includes investing in education and skills development to enhance the competitiveness of its workforce, promoting innovation and research and development, and supporting the growth of small and medium-sized enterprises (SMEs) that are often the backbone of the economy. In conclusion, regional integration and trade agreements offer immense potential for Nigerian exports. By actively participating in regional economic communities like ECOWAS and being a member of the AfCFTA, Nigeria can expand its market access, enhance competitiveness, attract investments, and foster economic growth. However, it is crucial for Nigeria to address challenges such as policy harmonization, inclusive growth, and infrastructure development to fully capitalize on the benefits of regional integration. Through a well-rounded and strategic approach, Nigeria can position itself as a regional trade hub and foster sustainable economic development.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 19, 2024 21:48:04 GMT 1
UK, Nigeria ink landmark partnership deal to boost trade and investment*The Office of the British Deputy High Commission, disclose the fresh partnership agreement between the two countries will build on the already £7 billion strong UK-Nigeria trading relationship and unlock new opportunities in sectors, including legal, financial services and clean energy. Nigeria and the United Kingdom (UK) Government have advanced their bilateral cooperation as Rt. Hon. Kemi Badenoch, UK Secretary of State for Business and Trade signed first-of-its-kind trade and investment partnership with the West African country, in Abuja, FCT. Ndidiamaka Eze, Senior Press and Public Affairs Officer in the Foreign Commonwealth and Development Office of the British Deputy High Commission, in a statement, said the partnership would build on the already £7 billion strong UK-Nigeria trading relationship and unlock new opportunities in sectors such as legal, financial services and clean energy. Nigeria is an important growth market for the UK-based financial and related professional services industry. TheCityUK welcomes the MoU signing and look forward to continuing engagement to increase market access and remove regulatory frictions. Visit comes as UK energy firm Konexa sign deal to supply Nigerian Breweries PLC with 100% renewable power. Abuja, 13th February 2024 – The UK has signed an Enhanced Trade and Investment Partnership (ETIP) with Nigeria to boost trade and investment between the two countries and unlock new opportunities for UK and Nigerian businesses. Secretary of State Kemi Badenoch signed the ETIP alongside her Nigerian counterpart Nigerian Trade Minister Doris Nkiruka Uzoka-Anite today in Abuja. The Enhanced Trade and Investment Partnership (ETIP) is the first the UK has signed with an African country and is designed to grow the UK and Nigeria’s already thriving trading relationship, which totalled £7 billion in the year to September 2023. This arrangement will pave the way for opportunities in sectors crucial to both economies such as finance and legal services as well as foster new collaborations in innovative areas like the creatives industry. The visit by the Secretary of State comes a week ahead of a UK Government-led fashion and beauty trade delegation to Nigeria. The ETIP also initiates further collaboration on the UK’s ambitious Developing Countries Trading Scheme (DCTS), launched last year which puts in place simpler and more generous trading terms for Nigeria and 36 other African countries. Nigeria is a major beneficiary of changes introduced by the DCTS and will see tariff reductions on over 3000 products, meaning that 99 percent of existing Nigerian exports to the UK by value will be duty free. Tariffs have been removed on Nigerian goods which promote value addition in important non-oil export sectors such as cocoa butter and paste, sesame oil and clothing and apparel. These changes will boost trade with the UK and support the Federal Government of Nigeria’s wider trade policy priorities. Rt. Hon. Kemi Badenoch Business and Trade Secretary, MP, said: “The UK and Nigeria are vital partners, with longstanding historical and economic ties. “UK businesses are already seeing huge success in Nigeria – one of the fastest growing economies in the world. “I’m delighted to be here to sign our new enhanced partnership which will allow UK firms to export their world-class goods and services more easily and expand their footprint in Nigeria.” Dr. Doris Nkiruka Uzoka-Anite, Nigerian Minister for Trade, Industry and Investment, said: “The UK is one of our long-standing strategic partners with whom we share strong ties, and it gladdens me that this relationship is set to deepen as we sign the Enhanced Trade and Investment Partnership. “This partnership will see Nigeria-UK relations move beyond one of shared history and strong ties to one of shared economic prosperity. From increasing market access and supporting our vibrant businesses, to creating more jobs and accelerate greater investments in sectors of mutual interests.” The ETIP will help to build on the significant progress already made in resolving market access barriers in the education and financial sectors, which have led to a more favourable trading environment for UK and Nigerian businesses, said the statement. Besides, through this partnership, there is an opportunity to leverage UK and international investment from the City of London, which is home to the top financial and professional services. Nicola Watkinson, TheCityUK International Managing Director, also said: “Nigeria is an important growth market for the UK-based financial and related professional services industry and TheCityUK welcomes the signing of the new ETIP. “We look forward to continuing our engagement through the working groups to increase market access and remove regulatory frictions.” During the visit, Minister Badenoch will also hold a groundbreaking ceremony at Abuja’s first industrial park built by UK-Turkish construction firm Zeberced Ltd to open its support services areas at the site. The UK government has been supporting the firm in a number of areas. The $144m industrial park is set to create 620 direct jobs and 1,650 indirect jobs and provide a base for major firms to access central and northern Nigeria. The UK trade minister will in addition, witness the signing of a landmark energy agreement between UK based energy firm Konexa and Nigerian power generation company North South Power (NSP). The agreement will enable Konexa to supply Nigerian Breweries PLC with 100% renewable power, promote sustainable development and clean energy adoption, and lead to infrastructure investments of over £14 million. Pradeep Pursnani, Konexa CEO, stated: “This is a very important milestone for Konexa, North South Power, Nigerian Breweries, and all our investment partners. Over the last few years, Konexa has been working on a disruptive model that matches customer energy demand with renewable energy supply. “We are looking forward to investing more than £120m in renewable energy generation, transmission, distribution, and battery storage solutions to help our customers transition away from the use of fossil fuel.” Source: consumerconnectng.com/33250
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 15, 2024 13:57:26 GMT 1
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 14, 2024 13:54:02 GMT 1
Overcoming Logistical Challenges in Agro Export Enterprises in NigeriaIntroductionAgro export enterprises in Nigeria face numerous logistical challenges that hinder their ability to compete effectively in the global market. These challenges range from inadequate transportation infrastructure and poor logistics management to inefficient customs procedures and documentation requirements. However, by addressing these obstacles, Nigerian agro export enterprises can enhance their competitiveness, improve their export processes, and maximize their potential in the international market. Logistical Challenges Faced by Agro Export Enterprises1. Inadequate transportation infrastructure: One of the primary challenges faced by agro export enterprises in Nigeria is the lack of adequate transportation infrastructure. Poor road networks, limited access to ports, and inefficient rail systems contribute to delays, higher transportation costs, and increased post-harvest losses. These infrastructure deficiencies limit the ability of agro exporters to move their products efficiently from farm to market, reducing the overall competitiveness of Nigerian agricultural products. 2. Inefficient logistics management: Inefficient logistics management is another significant challenge faced by agro export enterprises in Nigeria. Poor coordination among various stakeholders, such as farmers, transporters, and exporters, leads to delays, miscommunication, and increased costs. Limited use of advanced technologies for supply chain management and inventory control further exacerbate these challenges, resulting in lost opportunities and reduced profitability for agro export enterprises. 3. Complex customs procedures: Navigating through complex customs procedures is a major obstacle for agro export enterprises in Nigeria. Cumbersome documentation requirements, lengthy clearance processes, and arbitrary customs valuation practices increase the time and cost of exporting agricultural products. This complexity not only hampers the efficiency of export operations but also creates opportunities for corruption and bribery, further undermining the competitive advantage of Nigerian exporters. 4. Inconsistent quality control: Maintaining consistent quality control is crucial for the success of agro export enterprises. However, Nigerian exporters often struggle with ensuring consistent quality due to weaknesses in the supply chain, limited access to testing facilities, and inadequate capacity for quality control. These challenges not only result in product rejections by international buyers but also tarnish the reputation of Nigerian agricultural products in the global market. Strategies for Overcoming Logistical Challenges
1. Investment in infrastructure: Addressing the inadequate transportation infrastructure requires significant investment from both the government and the private sector. The construction and maintenance of good roads, bridges, and railway systems will facilitate the efficient movement of agricultural products from production centers to ports and markets. Additionally, investment in cold storage facilities and processing plants will reduce post-harvest losses and enhance the value of Nigerian agro exports. 2. Adoption of technology: The adoption of advanced technologies can play a pivotal role in improving logistics management for agro export enterprises. Implementing digital platforms for supply chain management, inventory control, and real-time tracking can enhance the visibility and efficiency of the export process. Technologies such as blockchain can provide transparency and security in documentation, reducing delays and minimizing the risk of fraud. 3. Streamlining customs procedures: Simplifying and streamlining customs procedures is crucial for reducing delays and improving the efficiency of export operations. The Nigerian government should work towards harmonizing customs documentation requirements, implementing electronic systems for clearance processes, and training customs officials to ensure consistent and transparent practices. Furthermore, establishing a single-window system that integrates all relevant government agencies can facilitate smoother clearance procedures for agro export enterprises. 4. Enhancing quality control systems: Improving quality control systems is essential for maintaining the competitiveness of Nigerian agricultural products in the international market. Nigerian exporters should invest in quality control infrastructure, such as testing laboratories and certification facilities, to ensure compliance with international standards. Collaboration with international quality control organizations and adopting best practices for quality assurance can further enhance the reputation of Nigerian agro exports. Conclusion Overcoming logistical challenges is crucial for the success of agro export enterprises in Nigeria. By addressing the inadequate transportation infrastructure, improving logistics management, streamlining customs procedures, and enhancing quality control systems, Nigerian exporters can overcome these obstacles and maximize their potential in the global market. The Nigerian government, in collaboration with private sector stakeholders and international partners, should prioritize investments in infrastructure, technology adoption, and regulatory reforms to create an enabling environment for agro export enterprises. With streamlined logistics, Nigerian agro exporters can successfully compete in the international market, contribute to economic growth, and enhance the reputation of Nigerian agricultural products.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 13, 2024 21:44:44 GMT 1
Sesame Seeds Uses Unleashed: Revealing The Trade Secrets Of The World's Largest Importers, From East To West That Top The Global Importer ChartsThe Tiny Seed with the Mighty Impact: Sesame seeds, though small, pack a powerful punch. From their historical significance to their nutritional punch and culinary versatility, these tiny titans deserve their place as a global treasure. So, the next time you sprinkle some sesame seeds on your salad or savor a spoonful of tahini, remember the rich journey this tiny seed has taken, and the delicious possibilities it holds. Critical Facts at a Glance: Rank | Country | Quantity of Sesame Seeds Imported (Metric Tons) Circa: 2022 | 1 | China | 3,259,822 | 2 | India
| 1,342,325 | 3 | Sudan | 718,570 | 4 | Turkey | 291,800 | 5 | Japan | 288,200 |
Sesame: A Seed with Ancient RootsSesame, known as "benne" in some regions, is a flowering plant native to Africa and India. Cultivated for over 5,000 years, sesame seeds have been prized for their culinary versatility and rich nutritional profile. From the tombs of ancient Egypt to the bustling markets of modern Asia, sesame has permeated cultures, finding its way into diverse dishes and traditions. Nutritional Powerhouse: Don't underestimate the mighty sesame seed! They're bursting with: Healthy fats: These good fats, like polyunsaturated and monounsaturated fats, can help lower bad cholesterol and keep your heart healthy. Protein: A valuable source of plant-based protein, especially for vegetarians and vegans. Fiber: Keeps you feeling full and supports digestive health. Essential minerals: Sesame offers a treasure trove of minerals like calcium, magnesium, iron, and zinc, crucial for bone health, energy production, and immune function. Culinary Canvas: Sesame seeds shine in the kitchen! Here's how they add their magic touch: Baking: Sprinkle them on breads, cookies, and crackers for a nutty crunch and toasty flavor. Salads & Stir-Fries: A dash of toasted sesame seeds adds a delightful textural and taste contrast to greens and veggies. Sesame Oil: Extracted from sesame seeds, this flavorful oil elevates stir-fries, marinades, and even drizzled over popcorn. Tahini: Made from blended sesame seeds, this creamy paste is the heart of hummus and adds depth to sauces and dips. Uses in Traditional Medicine: Beyond culinary delights, sesame seeds have long been used in traditional medicine: Antioxidant Power: Sesame seeds are rich in antioxidants, which protect cells from damage and may reduce the risk of chronic diseases. Bone Health: Sesame's calcium and magnesium content contribute to strong bones and may help prevent osteoporosis. Anti-inflammatory Properties: Certain compounds in sesame seeds may have anti-inflammatory effects, potentially beneficial for conditions like arthritis. More than Just Food: Sesame's applications extend beyond the kitchen: Cosmetics: Sesame oil's moisturizing properties make it a popular ingredient in lotions, soaps, and hair care products. Industrial Uses: Sesame seed oil is used in lubricants, paints, and even biofuels. Global Sesame: Sesame thrives in warm climates, with major producers like China, India, Myanmar, and Nigeria. Cultivation methods vary, but responsible farming practices are crucial to conserve water and prevent soil degradation. Sustainability Matters: As the demand for sesame grows, sustainable practices are essential. Minimizing water usage, promoting crop rotation, and reducing chemical fertilizers are critical steps towards responsible sesame production. Delving Deeper into the Sesame Seed Universe: Health Benefits: Heart Health Hero: Sesame's healthy fats help lower bad cholesterol and raise good cholesterol, reducing the risk of heart disease and stroke. The lignans and vitamin E in sesame seeds act as antioxidants, further protecting your heart health. Inflammation Fighter: Sesame boasts sesamin and sesamol, compounds with anti-inflammatory properties. This can be beneficial for conditions like arthritis, asthma, and even Alzheimer's disease. Bone Builder: Sesame's calcium, magnesium, and phosphorus content contribute significantly to bone health. This is especially important for women as they age and are at increased risk of osteoporosis. Culinary Traditions: Middle Eastern Marvel: Sesame seeds are a staple in Middle Eastern cuisine, featuring prominently in hummus, tahini-based sauces, and sprinkled on flatbreads like pita. Halva, a sesame seed-based confection, is a beloved sweet treat. Asian Adventure: Sesame oil adds a distinctive umami flavor to stir-fries and marinades in Chinese and Japanese cuisine. In Japan, black sesame seeds are used in desserts like goma-dofu (sesame tofu) and black sesame ice cream. European Elegance: Sesame seeds add a nutty crunch to European breads and crackers. In Italy, pesto Genovese uses toasted sesame seeds for a unique twist. Sesame Allergies: While rare, sesame seed allergies can range from mild discomfort to severe, potentially life-threatening reactions. Symptoms include skin rashes, nausea, vomiting, and difficulty breathing. Individuals with known nut allergies should be cautious and consider consulting a doctor before consuming sesame seeds. Sesame can potentially cross-react with other seeds and nuts, so careful awareness is key. Sesame Seed Varieties: Hulled vs. Unhulled: Hulled sesame seeds have their outer husk removed, giving them a smoother texture and lighter color. Unhulled seeds retain their bran layer, offering more fiber and nutrients but a slightly harsher texture. White vs. Black: White sesame seeds are the most common, offering a mild, nutty flavor. Black sesame seeds have a bolder, earthier flavor and higher nutritional content, especially iron. Unlocking the Ancient Wisdom of Sesame Seeds: Traditional Medicinal Uses: Across various cultures, sesame seeds have been employed for centuries as natural remedies for a multitude of ailments: India: Ayurvedic medicine utilizes sesame seeds to treat respiratory problems, digestive issues, and skin conditions. Sesame oil is applied topically for burns and wounds. China: Traditional Chinese medicine considers sesame seeds beneficial for kidney health, hair growth, and even mental clarity. Black sesame seeds are valued for their invigorating properties. Africa: In some African cultures, sesame seed paste is used to treat malnutrition and boost energy levels. The seeds are also believed to possess anti-parasitic properties. The food industry is constantly buzzing with creative ways to utilize sesame seeds: Sesame Seed Flours and Butters: Gluten-free alternatives to wheat flour are gaining traction, with sesame seed flour offering a unique nutty flavor and nutritional boost. Sesame seed butter also makes a delicious and creamy spread on toast or in smoothies. Plant-Based Meat Alternatives: Sesame seeds, with their high protein content, are increasingly being used as a base for plant-based burgers, sausages, and even seafood substitutes. Sesame Milk and Yogurt: Lactose-free and nutrient-rich, sesame milk is rising in popularity as a dairy alternative. Sesame yogurt offers a creamy and slightly sweet option for vegans and those with dairy sensitivities. Sustainability Challenges: While sesame seed cultivation offers economic benefits, it also faces sustainability hurdles: Water Scarcity: Sesame is a thirsty crop, demanding significant water resources. Over-extraction can lead to groundwater depletion and desertification. Monoculture Risks: Extensive sesame monoculture can deplete soil nutrients and increase pest infestations. Crop rotation and organic farming practices are crucial for long-term sustainability. Climate Change: Rising temperatures and unpredictable weather patterns pose challenges for sesame seed production, impacting yields and farmer livelihoods. Regions of Sesame Reverence: Japan: Black sesame seeds, revered for their rich flavor and nutritional properties, are incorporated into desserts like goma-dofu (sesame tofu) and black sesame ice cream. Middle East: Tahini, made from hulled sesame seeds, is a cornerstone of Middle Eastern cuisine, used in hummus, dips, and sauces. Sesame seeds also add a nutty punch to halva, a popular confection. Africa: In several African regions, sesame seeds are a vital source of nutrition and income for local communities. Sesame oil is used for cooking and traditional medicine. Remember, sesame seeds are a treasure trove of flavor, history, and health benefits. By understanding their traditional uses, embracing their diverse culinary applications, and supporting sustainable farming practices, we can ensure that this tiny seed continues to nourish and delight generations to come. Stay with us as we still have lots of information to brighten your coming days. Addendum: You Need To Engage With Us To Learn More: Our company is one of the best companies in the Agro-Export business in Nigeria today. We train individuals and corporate organizations on how to do Export Business the right way; if you are interested, please contact the admin of this forum now for further details.
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NON OIL EXPORT WORKSHOP PARTICIPANTS` COMMENTS - 3 VIDEO CLIPS
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Post by Trade Coach on Feb 13, 2024 0:23:52 GMT 1
The Nigeria Agricultural Quarantine Service and the Nigeria Oil and Gas Free Zones Authority, both agencies of the Federal Government, have agreed to collaborate in areas of trade facilitation and to safeguard Nigeria’s agricultural economy and exports. Partners in the deal announced this on Sunday in Abuja, stating that the development was a sequel to a high-level meeting between the acting Comptroller-General, NAQS, Dr Godwin Audu, and the Managing Director, OGFZA, Bamanga Jada. During the meeting, Audu said the NAQS was committed to promoting trade and protecting Nigeria’s agricultural economy while upholding global phytosanitary standards, according to a statement from the agency. He said the NAQS was “ready to support exporters in meeting these standards, facilitating a seamless process for those who adhere to regulatory requirements.” Audu said, “In our pursuit of economic growth and agricultural prosperity, NAQS remains steadfast in its commitment to promoting trade while ensuring the integrity of our agricultural sector. “We understand the importance of facilitating exports and imports, and we are committed to providing exporters and importers with the necessary guidance and support to navigate regulatory processes effectively.” Audu also highlighted NAQS’ willingness to work closely with OGFZA, offering guidance and information on export and import procedures, adding that exporters were required to pay the user fee as a token for the services NAQS renders. He expressed gratitude for the donation of office space to NAQS at Onne Seaport within the OGFZA complex in Port Harcourt, stressing that it was a demonstration of OGFZA’s commitment to supporting his agency’s operations. On his part, Jada emphasised the need for collaboration between NAQS and OGFZA to protect Nigeria’s agricultural economy. He commended NAQS for its commitment to promoting trade while maintaining stringent standards, stressing the importance of a harmonious relationship between the two regulatory agencies. In a related development, the NAQS announced that an operations and enforcement department had been established in the agency to minimise unnecessary takeovers and judiciously enforce seizures in the agro-industry. NAQS, according to its Establishment Act 2017, was established for the purposes of preventing the entry, establishment and spread of foreign pests and diseases of plant, animal and aquatic resources and products into the country. The agency is to also promote sanitary and phytosanitary measures as it relates to the import and export of agricultural products, with a view to minimising the risk to agriculture, food safety and the environment. Audu announced the creation of an enforcement department in the agency in a statement issued in Abuja by an official of the agency’s Media Communications and Strategies department, Akanji Joshua. The statement read in part, “He (Audu) announced the establishment of the Operations and Enforcement Department within the agency, which will oversee seamless operations, minimise unnecessary seizures and enforce seizures judiciously.” It stated that Audu assured all stakeholders that the agency remained dedicated to promoting ease of doing business and facilitating trade in line with the Federal Government’s agenda for the country’s benefit. The NAQS boss also carried out placements for over 100 officers of the agency, as they were promoted to Assistant Superintendent of Quarantine I, which according to the service, was part of efforts to boost the morale of workers. The agency stated that the promotion was long overdue, adding that the officers had all been confirmed. Audu stated that henceforth, human capital development would be a priority and called on the staff to rededicate themselves to the task of repositioning the agency to better serve its diverse stakeholders. He said adherence to the Act establishing the agency and also being conversant with international standards would go a long way in promoting the ease of doing business. He reminded the staff of his administration’s open door policy which would give room for innovative ideas and would contribute to growing the agency. He further stated that efforts were being made to adhere to the European Union requirements for exportation of products, adding that the development would no doubt avert imminent rejection of Nigeria’s products to EU countries. The NAQS boss promised to look into the challenge from different zones on the state of infrastructure and operational tools for employees in order to ease their working conditions. Audu stressed the importance of fostering stronger relationships with sister bodies and stakeholders, and urged zonal and station coordinators to follow suit, emphasising his belief in unity. Source: punchng.com/fg-agencies-partner-to-grow-agric-export/
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