Wednesday, May 4, 2011

THE CHALLENGES OF SME EXPORTERS IN NIGERIA


THE CHALLENGES OF SME EXPORTERS IN NIGERIA

  1. Inadequate flexible and SME export friendly financial Institutions.
  2. Dominance of the Asian with large financial muscles in the Nigerian Export business.
  3. Inadequate infrastructure to control product quality.
  4. Reluctance of buyers to import from Nigeria due to Nigeria’s bad reputation of the qualities of Nigerian products in the export market.
  5. Reluctance of buyer to accept a secured payment terms and method like confirmed LC.
  6. The incompetency and unprofessional attitude of some inspection agents.
  7. Lack of dependable source of local product prices and supplier information.
  8. Inadequate information on the possibility of exporting perishable commodities from Nigeria.
  9. Too many players in the product supply chain.
  10. Fraudsters in the product supply chain.
  11. No functional exchange platform to facilitate product sourcing.
  12. Delay and Risk of Haulage due to bad roads.
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2 comments:

  1. Curious PersonMay 5, 2011 at 10:30 PM

    You have stated the challenges - but what are the solutions?

    I look forward to your response

    ReplyDelete
  2. Dele AyemiboMay 6, 2011 at 3:11 AM

    Thanks for your comments. We already
    have some solutions to these challenges
    and this will be posted soon on this
    Blog.

    ReplyDelete

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