ABSTRCAT
This
research did a critical Appraisal of the Nigeria Export promotion council
strategies in the Export of Nigeria goods.
In
the 1960s, non oil products such as palm produce crera, cotton, groundnut,
rubber etc were the major sources of our revenue. These give up about 80% of Nigeria total
revenue worried about the trend the federal government in 1988 established the
Nigeria Export Promotion Council and charged it with the task of reversion the
trend. Sad enough there is little or no
improvement in the effort. This situation thus promoted the researcher to
critically appraise the strategies of NEPC in the export of Nigeria goods.
The
study attempted to examine the managerial input of NEPC and to critically
appraise their promotion strategies and practices geared towards the export of Nigeria goods.
This prompted the appraisal in the resources, the fundamental activities of Nigeria export
promotion council. This was necessary because the councils success is determine
by the level of foreign earning from the non-oil proceeds.
The
study reviewed NEPC achievements and failures since inception in 1988 with a
view to areas that lacked proper attention so that ultimately, Nigeria can
once again rely on proceeds from the non-oil sector of her economy.
A
good number of recommendations were made as a result of this study. This great
goal of increased foreign revenue from non-oil proceeds as a result of increase
efficiency would have been achieved as a result of recommendation proffered in
this study.
TABLE OF CONTENT
Approval page
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONR
1.0
Introduction/background of the study
1.1
Brief History of the company under study
1.2
Statement of the problem
1.3
Onjective of the study
1.4
Hypothesis formulation
1.5
Significance of the study
1.6
Scope of the study
1.7
Definition of terms
CHAPTER TWO
2.1
Overview of Export
2.2
Meaning of Export promotion
2.3
The objective of Export promotion in international marketing.
2.4
The need of Nigeria Export promotion council
2.5
The structure of Exportable non-oil products
2.6
The establishment of Nigeria Export promotion council
CHAPTER THREE
3.0 Research design and methodology
3.1
Sources of data
3.2
Population of study
3.3
Determination of sample size
3.4
Sampling technique
3.5
Research instrument used
3.6
Method of questionnaire Administration
3.7
Test statistics used.
CHAPTER FOUR
4.0 Data presentation and analysis and interpretation
4.1
Presentation and interpretation of data
4.2
Test of hypothesis
CHAPTER FIVE
5.0 Summary of findings, Recommendation and conclusion
5.1
Summary of findings
5.2
Recommendations
5.3
Conclusion.
CHAPTER ONE
1.1 BACKGROUND TO THE STUDY
There is a
saying that “No man is an Island” This means that no human being can live and
survive by himself or herself without depending on his/her fellow human being.
In essence to survive in the world required adherent to the principle of give
and take. This same notion led to the believe that no nation can exist on its
own and by itself without it having to interact with other nations in the
world.
No
nation can adequately and effectively provide all its needs. This it has to
seek for the satisfaction of some of its need beyond its shares reasons for
this are sometimes explained by natural endowment of resources.
In
Nigeria,
since to early 80’s there has been consistent effort by the government to stem
the tide of the country being as import oriented, to do away with the import
substitution policy and embrace export expansion and diversification. This
quantum effort which the Nigeria
government has interested in the promotion of Nigeria exports an endeavor which
constitution an implicit objectives of the structural adjustment program (SAP)
is evident in such measure as to dissolution of the commodity Board,
established and re-organization of the Nigeria export. Export promotion
council (NEPC) the approval of the long list of generous export promotion incentives
as contained in the 1986 budget and in decree No.18 Export incentives and
miscellaneous provision decree and the deregulation of the exchange rate of the
naira.
Anolim
and Igeh (1994: 15 – 21). In some quarters it has been argued that Nigeria should
not get herself involved too much in exporting as it is trying to considering
the fact that the domestic market still remains unsatisfied and that Nigeria would
not be able to complete in international market.
1.2 BRIEF HISTORY OF THE COMPANY UNDER STUDY
The Nigeria export promotion council
(NEPC) was established in 1976 by decree 26 under the mutal/Obasanjo regime.
The decree established the NEPC as a semi-autonomous agency under the ministry
of trade and tourism N.E.P.C. is charged with the responsibility of promoting
non-oil export in Nigeria.
Having operated for about twelve years, it was obvious that NEPC was not
achieved its set objectives.
It
was for this reason that in 1988 under the general Ibrahim Gbadamosi Babangide.
To NEPC was revisited and re-organized. The enabling decree No 41 of 1988 thus
reported the earlier decree 26 of 1976, which established the council. The new
NEPC was hosted with a lot of authority and responsibilities.
Although
it has recorded some success but suffice to say that it saddled with a lot of
problems just as it is yet to record excellent when compared with its set
objectives.
This
is the crux of the matter and forms to basis for the research work. Correctly
NEPC has various offices covering all the Geo-political Zones of the
federation. South-east zone which the study is being carried out. A
a. Enugu - which covers Benue,
Abia, Enugu and
Delta state with the Coko and Warri port as business centers.
b. Port Harcourt – Covering
Rivers, Imo, Abia and
Ebony state with the port Harcourt
port as the nerve center of activities
c. Calabar – which covers Cross River
and Akwibom states with calabar port as the center of activities?
1.3 STATEMENT OF THE PROBLEM
Since the
mid eighties when the wide oil glut started, Nigeria government has seen the
need to diversify rather than maintaining its mono structured economy with
petroleum oil as it major source of revenue.
This
obviously implies that Nigeria
has paid less attention to the promotion and export of agricultural products
such as Groundnuts, Coca, Palm product rubber as well as solid minerals
consequent upon to the above development. The Nigeria export promotion council
was established in 1976 and charged with the responsibility to develop
marketing strategies that will lead to the recovery of the economy from its
present doldrums. Again in 1988 the Nigeria export promotion council
was re-organized with a view of directing the council increase productivity and
more positives results.
But
up till now, the proceeds from these non-oil products have not improved the
specific problems to addressed include the following.
To
what extent have the bureaucratic bottleneck in export business discouraged
potential exporters?
Could
lack of adequate export incentives be a cog in the wheel of export business?
Is
the fluctuation Naira dollar exchange value affecting the level and value of
export business
Could
the non-availability of trade data or export business information for targeted
countries be responsible for the non-chalant attitude towards export business?
These
are some of the questions on which this research will be based on.
1.4 OBJECTIVES OF THE STUDY
This study objectively aims
at the following
1. To evaluate the management
strategy adopted by the NEPC in promoting Nigeria product abroad
2. To ascertain the not cause of low
percentage in the foreign earning from agricultural and non-oil export
3. To evaluate problems facing or
militating against the councils effort in achieving its set goals and
objectives
4. To proffer solution towards
rellamping the economy through an improved export promotion strategies.
1.5 HYPOTHESIS FORMULATION
The
following hypothesis was tested in the study.
Ho1: Export promotion council
has not been able to promote non-oil export in Enugu state.
H1: Export promotion council has
been promoting non-oil export in Enugu
state
Ho2: Export promotion
re-organization has not made it more efficient and effective in promoting
non-oil export.
H12: Export promotion
re-organization in Nigeria
has made it more efficient and effective in promoting non-oil export.
Ho3: Export promotion
has a positive effect on government ownership and it also contributes to its
efficiency.
H13: Export promotion
has no positive effect on government ownership and it does not contribute to
its efficiency.
1.6 SIGNIFICANT OF THE STUDY
Considering
the attention which the federal government of Nigeria is paying to non-oil export
hence the need to critically appraise the strategies adopted by the NEPC and
other government agencies involve one way or the other in export activities.
It
will be of immense benefit to the organized private sector involved in export
related activities, export agencies and export brokers as well as manufacturing
exporters. It will help may potential exporters to have a good knowledge of
export business before they can embark on it, while the already established
ones can grow and expand the business. They are a lot of opportunities in
export business but because of ignorance men export have not been able to seize
these opportunities to their advantages; to such people this work will be of
immense benefit to them. In the same vein, this research work will be of
benefit to students, industrialist, bankers and other in export business.
1.7 SCOPE OF THE STUDY
The scope
of my study is limited by its size, organizationally levels and its coverage.
This study concentrated on Enugu
promotion council. The research work was limited to a aforementioned areas,
though if the research was able to identify with any other area, which is not
included it should be accepted.
1.8 DEFINITION OF TERMS
1.
ADVERTISING: This means sending message through the
mass media for example, the radio, the magazine etc.
2. EXPORT PROMOTION: This means
public measures which actually or potentially enhance exporting activity at the
company, industry or national level
3. ECONOMIC POLICY: This is an
economic plan of action implemented or adopted by the government of a state to
regulate its economy.
4. FINANCE: This project work is
obviously limited to inadequate or in sufficient opinion sampling in fact
finding from a sizeable number of consumers. Since there are other areas outside
Enugu. The
research could extend to such area if not for poor finance.
5. POOR RESPONSES: The management
indisposition to fully respond to the questions during the personal interview
due to pressure of work and suspicious about the motive behind the research was
a limiting factor to NEPC. Each person would consider himself incompetent to
dish out information even when he appeared to be the most competent to do so.
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