ABSTRACT
A critical appraisal of the
strategies of exportation of made in Nigerian goods is a topic chosen from marketing
field.
The
research was conducted mainly to examine the strategies adopted by NEPC in
exportation of goods made in Nigeria. For effective research on this topic, both
primary and secondary data were used to elicit information from sample studied,
the primary source of data were response from the personal interview, while
secondary source from periodical, journals and newspapers.
Three
hundred and fifty person were interviewed as the sample of exporters with NEPC.
The
data analysis was based on oral interview and the major findings are as
follows:
Ø The commandment of the strategies
adopted by Nigeria
export promotion council.
Ø The positive responses given by
respondent in the quest of the research.
Ø The strengthening and upgrading the status of NEPC.
Ø The reduction of institutional
bottleneck in export.
Ø The establishment of export
processing zone.
Ø The abolition of export taxes and
provision of export incentives.
Ø Lastly, the problems and prospect of
Nigerian export promotion council (NEPC).
The project has four
chapters; chapter one contains introduction, background of the study, statement
of problem, and objectives of the study.
Chapter two has
literature review, here some related literatures were reviewed with sub topic
as export development activities, export financing and incentives, Encouraging
Local export production, finding export market, human resource training and
development activities and importance of export in Economic growth and
development .
Chapter three deal with
research methodology, data analysis and presentation were some questions was
attended to.
Finally, chapter four
deals with the findings summary, conclusion, recommendation and references.
TABLE OF
CONTENT
CHAPTER
ONE
INTRODUCTION
BACKGROUND OF THE STUDY
STATEMENT OF PROBLEM
OBJECTIVES OF THE STUDY
PURPOSE OF THE STUDY
SIGNIFICANE OF THE STUDY
SCOPE OF THE STUDY
METHOD OF STUDY/LIMITATION OF THE STUDY
CHAPTER
TWO
LITERATURE
REVIEW
EXPORT DEVELOPMENT ACTIVITES
EXPORT FINANCING AND INCENTIVES
ENCOURAGING LOCAL EXPORT PRODUCTION
FINDING EXPORT MARKET
HUMAN RESOURCES TRAINING AND
DEVELOPMENT ACTIVITES
IMPORTANCE OF EXPORT IN ECONOMIC
GROWTH AND DEVELOPMENT
REVIEW OF EXPORT PROMOTION STRATEGY
IN NIGERIA.
CHAPTER THREE
RESEARCH METHODOLOGY
RESEARCH METHODOLGY
CHAPTER FOUR
SUMMARY
AND CONCLUSION
EXPORT DOCUMENTATION
EXPORT PROCEDURES
SUPERVISORY BODIES
BEXPORTABLE ITEMS IN NIGERA
CONCLUSION
RECOMMENDATION
REFERENCE
CHAPTER ONE
INTRODUCTION
BACKGROUND
OF THE STUDY
The Nigerian Export Promotion Council
(NEPC) was established through Nigeria
export promotion Decree NO 26 of 1976, and was formally inaugurated in March,
1977. This Decree was amended by Decree
No 72 of 1979 which introduce some slight changes in the membership of the
governing council and formal provision made for the establishment of the
secretariat of the council. Nigerian
export promotion Act CAP 306 and Decree No 41 of 1988 amended which resulted in
the redefining of its functional responsibilities, thus strengthening it in
properly spearheading and sustaining a dynamic export development programme and
implementing the various incentives contained in the Export (incentive and
miscellaneous provision) Decree No. 18 of 1986.
Before the discovery of
oil, the main stay of Nigeria
economy was agriculture such as palm oil, cocoa, cotton, groundnut, rubber,
palm kernel etc. which enjoyed
encouragement and support in policy implementation accounting for about 80% of
Nigerian Total revenue.
In 1965, non-oil export
accounted for as much as 76% of Nigerian foreign exchange earning, in 1970 it
was 43%, but in 1976, the share of non-oil export falls to 6% and by mid
eighties, the sector remain structural imbalance in the economy and thereby had
to import some of these products.
However, the discovery of
crude-oil since mid seventies increased total export earning from 58% to 98%
which is the peak of “oil boom” as crude oil is sold at 40 dollar per barrel
and which the worldwide oil glut, price of crude oil drops slightly to
90%. It is against this background that Nigeria need to
re-appraise her strategies in the exportation of non-oil exports.
Export promotion
management was adopted early sixties by international trade centres UNCTAD/GAT as
strategies for effective enhancement and development of international marketing
of export products in developing economic in world trade.
Export promotion is
designed also to assist in boosting debt servicing, purchase of basic input and
responsible for promoting non-oil export in Nigeria. It is against these backdrop that the council
was established.
Although, it has some
success but suffice to say that it is saddled with problems as yet to record
excellent compared to its set objectives.
STATEMENT
OF PROBLEM
Is there bottleneck in NEPC
strategies in export business?
Is the lack of adequate export
incentive a log in wheel of export business?
How NEPC programmes faces militating
danger?
How the economy faces degradement?
OBJECTIVES
OF THE STUDY
This
study objectively aimed at the following:
1.
To
ascertain NEPC strategies of promoting Nigerian products abroad.
2.
To
ascertain low percentage in foreign earning from non-oil products.
3.
To
ascertain problems dancing NEPC in achieving its goals and objectives.
4.
To
proper solutions towards revamping the economy by improved export promotion
business.
PURPOSE OF THE STUDY
The
purpose of the study is to find NEPC strategies towards the promotion of Nigeria
products abroad.
The
harnessing of Nigerian non-oil export by providing export incentive and making
it the mainstream of our total exchange earning.
However,
the dwindling percentage earning from non-oil product, the worldwide oil glut
and the collapse of international oil prices with necessity to diversify this
mono-cultural economy.
Therefore,
NEPC should re-appraise to areas of failure with a view to revamping it and
making it live up to expectation and success.
SIGNIFICANE
OF THE STUDY
The
importance if properly managed would lead to economic progress that is a means
of facilitating employment and enhancing the standard of living of its
citizenry; considering this fact, the federal government have tremendously
given attention to non-oil export(s).
Also,
it will be of immense benefits to the organized private sector and public
sector to be involved in export business.
It will help many small-scale exporters to succeed in export business as
apart from surmounting the problems in exportation, be acquainted with
ever-changing government policies, financing provisions and having business
acumen.
There
is a lot of opportunities in export business but ignorance scare many small
scale exporters away but flow immensely contend this risks.
SCOPE
OF THE STUDY
This
critically evaluates trade strategy which encourages production for
international marketing, and in which there is an embedded bias.
It
considers NEPC techniques in the light of increasing the need for Nigeria to
diversity her external source of revenue and also take cognizance of the fact
that the council operate within the limited sectorial allocation of fund to the
council.
Initially,
the study was to cover NEPC activities Nationwide, but constraint includes:
1.
Time
2.
Finance
The study
comprises South East Zone of NEPC such as:
a.
Enugu
b.
Port-Harcourt
c.
Calabar
METHOD
OF STUDY/LIMITATION OF THE STUDY
During
the time of this research work, the researcher employed some techniques which
are helpful – to him in getting information.
The
necessary information about the exportation of made in Nigerian goods was
through oral interview and desk research.
The
respondent number during the oral interview was high because exportation of
goods such as petroleum product is a main stay that have revamp the economy.
The
information received from desk research in Enugu was helpful to the researcher for
analyzing the important role played by exportation of goods, mainly
agricultural product in the early seventies and mid eighties before petroleum
took over in the development of our economy.
This
two procedures carried out help the researcher collect enough data which enable
him solve the problem at hand.
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