Exporting Nigeria’s non-oil products!

(A case study of Nigeria export promotion council, Enugu)

PROPOSAL

The objective of this study is to find out the roles being played by Nigeria Export Promotion Council in Exporting Nigeria non-oil products.  Also to ensure that the economy USS department on crude Oil as the sole source of foreign exchange.  Most companies engaged in exportation and exporters have not fully appreciated the roles performed by this council.  Its achievements, the various incentives offered to exporters to stimulate export, the problem encounter in export promotion.

The researchers will use the following hypothesis! The NEPC has not failed to actively promote the implementation export policies and programmes of the Federal Government.  The NEPC has been enable to initiate export incentives for interested exporters.  That the NEPC pruned information that helped export business.  NEPC has succeeded in their function of promoting the development and diversification of Nigeria export market.

Method of collection of data that will be use in oral interviews and questionnaires in collecting primary data.  A total of will be used. Questionnaires are to be administration to the council staff and exporter- orientated companies in Enugu.

 

After collection of data, the data would be analyzed and finding were to be made to test the hypothesis, the researcher will use chi-square (x²) Based on the findings, the researcher will bring down it’s commendation.

CHAPTER ONE

• Introduction 1

1.1     Background of the study                                                         1

• Scope of the study 6
• Statement of problems 7
• Objectives of the study 8
• Hypothesis 9
• Significance of the study 10

CHAPTER TWO

• Literature review 11
  • Export promotion activities in Nigeria

challenges and prospects                                               11

• Non-oil export promotion, the journey so far and

the pre-condition for accelerated growth                       14

• Strengthening and up grading the status of NEPC 17
• The economy with export promotion 18
• Exporting experiences and suggestions 19
• Why export promotion council promote export. 21

CHAPTER THREE

• Research methodology and design 36

3.1     Population                                                                     36

3.1     Sample size                                                                    37

3.2     Sources of data                                                              39

3.3     Sample technique                                                           42

3.4     Research instrument                                                      42

• Instrument for data analysis 43

CHAPTER FOUR

4.0     Presentation, analysis and interpretation                       45

• Questionnaire for the staff of NEPC 47
• Testing of hypothesis 55
• Interpretation of results 60

CHAPTER FIVE

5.0     Summary of findings and recommendation                             62

• Discussion of findings 64
• Conclusion 65
• 66

Bibliography                                                                  68

 

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY:

No country is an Island, nature has made it that way.  Nigerian Export Promotion Council encourage exportation of non-oil product in Nigeria.

 

Exporting is the marketing of selling of goods and services across national boundaries.  Crossing boundaries of sovereign nations requires passing through the national conditions of entry, for example, when a firm crosses boundaries with products, certain safety, health and labeling regulations must be met.  Duties, tariffs and taxes must be paid.  There are different entry strategies into international markets: Exporting licensing, joint ventures, Direct ownership etc. International sales raises the standard of living of the world community just as domestic marketing raises the standard living of the domestic community.  Exporters capture opportunities in the foreign market; upon this much foreign exchange has been accruing to the coffers of the country.

 

The Nigerian economy has undergone a lot of economic and social transformation in the 1960’s Nigeria was a major exporter of agricultural primary products and by early 1970’s exports from petroleum sector over shadowed that of agricultural products and become the dominant foreign exchange earner for the country.  The policy then was to use the earnings from oil to develop social infrastructures and industrialize the country through the import substitution strategy.  In recent times government find it difficult to generate enough foreign exchange of the heavy reliance on petroleum whose fortune in terms of prices is dwindling in the world market coupled with out.  Insatiable demand for imported goods.  this led to the federal government of Nigeria to put in place policy initiatives to enhance and boost the inflows of the foreign exchange into the non-oil sector of the economy.

The structural adjustment programme (SAP) Introduced in 1986 has one of it’s corner stone.  The promotion of Non-oil exports which comprises of primary products – raw agricultural and mineral products, semi manufacture and manufactured products.  With the sharp decline in oil revenue as from the early 1980’s Nigeria has been faced with chronic shortage of foreign exchange, fiscal and payment deficits and a serious problem of external indebtedness, which increases tremendously from 1.25 billion in 1979 and 18 billion in 1986.  The unhealthy economic situation was caused by the oil gluts of 1978 and 1981 and the falling prices of our reduced demand.  The only alternative was to supply side economics, which is regarded as the new conventional wisdom, of which emphasis on the promotion and diversification of Non-oil export, constitute a major or integral part.  In other to be in a good position to expand and diversify both the product base and the geographical or market concentration of the country’s export trade, the federal government put in place policies to help boost export activities on the country.  These policies were mainly related to the manufactured and semi manufactured products.

The Nigerian Export Council was established by the Nigeria promotion Act No 26 of 1976 and formally inaugurated in March 1977.  The Act was further amended by decree No 72 of 1979.

 

On February 14, 1986 a nine-man committee was inaugurated by the then Honorable Minister of Trade and Tourism to make recommendation for the re-organization of the council.  The final result of this committee assignment was the Nigeria export promotion council decree of 1988. The decree was aimed at – organizing the council in both structural and functioned responsibilities of spearheading implementing incentive x packages contained in the export incentive and miscellaneous Decree No. 18 of 1986 popularly called NERFUND.

The importance of the re-organization is to restructure the operation of the council to negate the bureaucratic red-tapism which created bottleneck in the activities of the council.  Activities of Nigeria export promotion council influence NACCIMA and man who is member of the board, with the minister of commerce and tourism as chairman from the private sector.

 

The re-organization brought about creation of five zonal offices with headquarters at Abuja and headed by directors.

 

The Nigeria Export Promotion Council is vested with the following functions;

• Assist in promoting the development of oriented industries in Nigeria.
• Actively promote the implementation of export policies and programme of the federal military government
• Collect the disseminate information and products available for export
• Promote the development of and diversification of Nigeria’s export trade
• Administer grants and other benefits related to export promotion and development.
• Pursuer the simplification streamling of export procedure and documentation on continuous basis.
• Co-operate with other institutions on matter relating to export financing, export incentive and specialized sources of exporters
• Undertake sources of the current economic condition with special attention to the export sector with a view to advising.
• Establish specific trade promotion facilities in Nigeria and other countries including the establishment of permanent show rooms at important commercial centres in the country.

 

1.2     SCOPES OF THE STUDY:

The scope is Nigeria Export Promotion Council because they promote export in Nigeria and also helps in realizing foreign exchange.

 

The ideal situation would have been to study all exporters in Nigeria on the roles and functions performed by the Nigerian Export Promotion Council towards the export of non-oil product.

 

1.3     STATEMENT OF PROBLEMS

The fact that all nations are equally in doubt with the same resources makes exports come in.  It allows for exchange of goods and services where it is needed.

 

The Nigerian Export Promotion Council plays a very important role.  They encourage Nigerians in the exportation of non-oil products.  Are they playing their role on export?

 

• Is the economy still solely dependent on crude petroleum as against the diversification of the export base?
• Does an average business marchant know the necessary incentives to stimulate export.
• That the private sector is still not conducive enough for export promotion.
• The council is not aggressively marketing Nigerian products abroad.
• Do the council perform commensurate with it’s foreign counterpart.
• That the council is yet to fulfill many of the functions it is expected to perform and as a result of this, there has been noticeable decline in the role and functions they carryout.

 

1.4     OBJECTIVE OF THE STUDY:

• To know if the export producer at the Nigerian export promotion council in any way impedes exportation of non-oil products.
• Functions and roles performed by the Nigeria Export Promotion Council
• To ascertain if this functions are carried out
• To examine the degree of implementation of it’s function.
• To determine other functions, the export council is to be involved in.
• The effect of Nigerian export promotion council to an average Nigerian towards exportation.
• To ascertain the appraisal and functions of the council
• It’s achievements and the degree of such achievements
• The various incentives offered to stimulate export.
• The problems encountered in export promotion.

1.5     HYPOTHESIS:

• Nigerian export promotion council has succeeded in their function of promoting development and diversification of Nigeria export market.
• That NEPC activities and publicity had no adverse effect on the products that are exported.
• NEPC has not failed to actively promote the implementation of export policies and programs of the federal government.
• That NEPC has been able to initiate export incentives for interested exporters.
• That the NEPC provides information that help export business.

 

 

 

1.6     SIGNIFICANCE OF THE STUDY:

There are a lot of opportunities opened to exporters but because of ignorance, most exporters are not able to seize the opportunities to their advantage; with the attention given to export promotion now in the country by the federal government, there I no doubt about the reliance of this study.

It will be of assistance to the government, Nigerian Export Promotion Council and association of Nigerian exporters.  It will help various potential exporters to have the knowledge on how to embark on export business.

 

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