Category Archives: Export

How Nigeria Can make Billions from Cassava Export – expert

Nigeria could earn billions in foreign currency from its 47 million tonnes of cassava tubers produced annually, a university don, Prof. Aloy Ezirim has said.

Ezirim, a lecturer in the Faculty of Management Sciences, University of Port Harcourt (UNIPORT), made this known to our reporter in Port Harcourt on Friday.

Ezirim said that Nigeria rather than producing cassava for food consumption alone should produce it for both industrial purpose and for consumption.

How Nigeria Can make Billions from Cassava Export

“Diversification of the nation’s economy can take the country to the Promised Land, and this can be achieved by producing cassava for industrialised purposes, which is presently in global demand.

Japanese Fish Exporters Takes Over Nigeria Market

Export Business – Japanese fish exporters have taken over the nation’s market, hitherto dominated by Norwegian mackerel.

Investigation revealed that there is a lull in the sale of Norwegian mackerel in the market based on its high price.

Findings revealed that Norway mackerel exports to Nigeria have declined by 50 per cent because of its high price and the stiff competition introduced by the Japanese traders.

For instance, it was gathered that the Norwegian fish exporters sell for $1,500 per ton while the Japanese sold for $500 per ton.

According to the Federal Department of Fisheries, importation of fish, especially the mackerels, sardinella, hake, croakers and herrings have remained an increasing phenomenon.

N20 billion Export Grant Inadequate – Nigeria Manufacturers

The Manufacturers Association of Nigeria (MAN) has decried the N20 billion provision in the 2017 budget for the payment of backlog of Export Expansion Grant (EEG).

Its President, Dr. Udemba Jacobs, said it was grossly inadequate and should be increased in view of the huge outstanding payment that runs up to N230 billion.

Supporting its reintroduction after years of inaction, he said the scheme, when in operation contributed to the economy as evidenced by the 197 per cent increase in Nigeria’s non-oil export from $1billion in 2006 to $2.97billion in 2013, including visible industrial expansion, and market penetration of made-in-Nigeria goods.

Jacobs said the association is of the view that the 10-year stipulated for the recovery of the Promissory Note was too long a time and should be reduced.

NAFDAC Advises Exporters To Stop Embarrassing Nigeria

The National Agency for Food And Drug Administration and Control (NAFDAC) has advised Nigerian exporters to stop embarrassing the country by obtaining the agency’s certification of products.

The Spokesman of NAFDAC, Dr Abubakar Jimoh, gave the advice while fielding questions from NAN on Monday in Abuja on the rejection of about 25 Nigerian produce by the European Union (EU) between 2015 and 2016.

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