• NEPC certificate
• eCO (Certificate of origin)
• NXP (Net export proceeds)
• Origin warehouse for export clearance certificate
• Acquiring bill of laden from shipping line
• Checks from FPIS, NAFDAC, FMARD for quality assurance
All these needs to be packaged into a course for SMEs in a drive for exports. Small businesses need lecture on
• Processing raw material into semi finished or finished products
• How to acquire a foreign offtaker
• Difference between LCs, credit line and offtake agreement
What I see often is governments train their ambassadors on key processes, policies and controls their resident companies doing business in a local country will have to undergo to succeed. In rare cases, the ambassadors even organize events where they make introduction
For their companies. Question I have to ask? How can the NEPC, CBN, Ambassadors and designates, NACCIMA, DMBs, FMITI, FMARD, FMF work together to ease doing business metric as it regards exporting.
I admire the work EU business delegations are doing in Nigeria- tight ship.
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Lithium Ore is a rock ore mineral available in Kogi, Nassarawa, Ekiti, Kwara, Cross Rivers, Oyo and Plateau. Of the many uses of this mineral ore our miners sell to intl brokers through Irrevocable Corporate Payment Order (ICPO) agreements, I'm going to focus on phone batteries
The global phone battery market in 2020 was worth $46.97bn. Interestingly China controls 60% of this market, and is the number one importer of Lithium Ore from Nigeria. So if our strength is not in building hardware like smartphones. Why can't we make the battery accessories?
In 2020, Chinese exports constituted 25.2% of all the imported goods that came into Nigeria, & today 1 out of every 4 ships that sails around the world has an eCO from China, meaning China controls 25% of global trade, and consequently 56% of the BRICS Bloc.
In 2020, the largest Chocolate companies made $107bn. 30% of their supply of Cocoa came from Ghana that earned $2bn. At a World Economic Conference in Davos last year, President Nana Akufo Addo told business and Political Leaders, that he doesn't see the future prosperity
Of Ghanians from this trend. Last month, the President banned all exports of Cocoa from Ghana.
Cocoa stakeholders tell their President they have 3 problems
• Interest rate in Ghana is between 18-20%
• Ghana imports dairy milk at a weak exchange rate
• Ghana imports sugar
The President says he will provide equipment financing for enterpreneurs who are ready to take the plunge. And subsidies for the importation of dairy milk and sugar.
Now I'm thinking, Nigeria would have been a market for the export of dairy milk and sugar to Ghana