Friday, September 20, 2013

NEPC, JETRO Train Exporters on Products Profiling

The Nigerian Export Promotion Council has partnered the Japan External Trade Organisation to train Nigerian manufacturers on the importance of product and business profiling.

NEPC and JETRO in a workshop organised to strengthen their ties in Lagos, explained that profiling enhances the acceptance of product and its producer in the market.

Acting Zonal Coordinator, NEPC, Lagos, Mrs Evelyn Obidike noted that it was important for exporters to brand their products to meet international standards.

She said: “We observe that some of our exporters still don’t understand the importance of creating profile for their products and market especially to Japan. This is why we have brought experts from Japan to explain what is needed to meet Japan and other international markets.

“We also have a trade exhibition, otherwise known as Food fair aimed at promoting the development and diversification of Nigeria's export trade; assisting in promoting the development of export-oriented industries in Nigeria; provide technical assistance to local exporters in such areas as export procedure and documentation, transportation, financing, marketing techniques, quality control, export packaging, costing and pricing, publicity and in other similar areas.”

While urging Nigerians to patronise locally made products, Obidike advised manufacturers to get accustomed with export market requirements.

“Apart from exposing the exporters to opportunities in the Japanese markets, Nigeria is yet to maximise exports across countries of the globe. It is also important to develop exportation of value-added products to other countries and boost earnings from non-oil exports,” she added.
Trade Commissioner, JETRO, Lagos, Taku Hiroki, during the inspection of the exporters’ products counselled the exporters to improve on their packaging.

He said goods in the Japanese market were graded based on the quality of products; packaging; product and business profiling; and standardisation certification.

He said: “Before starting business, Japanese companies tend to do a thorough research about the profiles of the companies and the products involved. It is better to encourage exporters’ to start with semi-processed raw agricultural products in order to enhance market penetration.”

Executive Secretary, Cocoa Processors Association of Nigeria, Mr. Felix Oladujoye, who commended the organisations for the workshop, said the training has exposed them to the standard and requirements of the Japanese market.

http://www.dailytimes.com.ng/article/nepc-jetro-train-exporters-products-profiling

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Friday, August 30, 2013

Nigeria: Achievements of Nexim Bank Excite Okonjo-Iweala


"... We look towards the Board members of the NEXIM Bank to really perform a very important function of ensuring that NEXIM plays the role it should within this country and beyond, and that our private sector, where we have so many talented men and women, so many entrepreneurs that would be enabled by the activities of this Bank to show what Nigeria can indeed do... " - Dr Ngozi Okonjo-Iweala

The above statement by the Minister of Finance and Coordinating Minister of the Economy no doubt is an endorsement of the efforts of the Nigerian Export Import Bank at facilitating non-oil export in Nigeria.

This convinction further found expression in the inauguration of the reconstituted Board of NEXIM Bank recently.

The Board which was reconstituted by President Goodluck Ebele Jonathan, GCFR, was inaugurated by the Coordinating Minister for the Economy (CME) and Minister of Finance, Dr Ngozi Okonjo-Iweala, with a charge to the Bank to further boost regional trade in West Africa.

Speaking at the Board inauguration in Abuja on Friday August 23, 2013, Dr Okonjo-Iweala, noted that the Jonathan Administration remains committed to the task of transforming the Nigerian economy and expanding regional trade through the incorporation of the West African economic zone and declared that NEXIM is pivotal to achieving this vision. According to her, "... NEXIM Bank is a very important part of our finance complex. This a Bank that was set up to support import and export trade within the country. We are happy to say that it's proven its worth; been performing its functions... but, there are a lot of expectations of this bank. Government of President Goodluck Ebele Jonathan has embarked on a path of transforming the economy and has been trying to work with our private sector to expand trade, particularly regional trade... and NEXIM has so far supported this vision... we can only encourage and support them to keep up their good work... "

The CME reminded the gathering that Nigeria's economy is 55 per cent of the regional economy which implies that the country's economic structures have to be well primed and poised to take charge of affairs and pull commensurate weight in the sub region. The platform for this is for the government to support the private sector to trade within the region and beyond.

http://allafrica.com/stories/201308280196.html

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