VOLUME 3 ISSUE 8

Export News:

Tin Can Records 150%

Increase In Agro Exports

- 1

Export Programme:

Executive Diploma

in Trade Finance

and More

- 2

Export Education:

Growing Value Added

Export Products in

Nigeria is a Possibility

and More - 3

Export Training Products:

Export Pro and More

- 3

Export Miscellaneous:

Commodity Prices,

Infographs and Lots

More

- 3 & 4

Top NewsTin Can Record 150% Increase in Agro Exports

2017: A Bad Year for Clearing Agents - ANLCA

NEPC Set to Address Inadequacies in Cocoa Export

Nigeria Earns N397bn from LNG, LPG Export

Kaduna Inland Dry Port - A Catalyst for Economic Diversification

Small Business Export Potential Rises

The Nigerian Export Promotion Council (NEPC) is set to address inadequacies and raise awareness of farmers on processing high-quality cocoa for export.

Executive Director of NEPC, Mr. Olusegun Awolowo, stated this in Ikom Local Council Area, Cross River State, during a two-day Cross River Cocoa Stakeholders' forum and mini exhibition, organised by the NEPC, Calabar Smart office, in collaboration with Calabar Chamber of Commerce (CALCCIMA), Farming World and Rural Development Initiative (FAWARD) and Cocoa Association of Nigeria. Awolowo noted that the Cocoa value chain for export is a necessity for Cross River. Awolowo, who was represented by the Deputy Director of NEPC, Mrs. Veronica Oriare, said the future position for cocoa in the global market is on increased demand with specific preference for organic cocoa. He said Cross River should embrace the share of favorable global market by increasing its production of cocoa.

According to the NEPC boss: “the future outlook for cocoa in global market is that of increased demand for

A total of 161,285.72 metric tonnes of agricultural products were exported through Tin Can Island Port in 2017, representing over 150 per cent increase from the 55,000 metric tonnes processed through the port in 2016.

The Area Controller, Nigeria Customs Service, Tin Can Island Port Command, Yusuf Bashar, who disclosed this, said that cocoa topped the list of commodities exported through the port last year.

Bashar listed other exported commodities to include pepper, soybean, rubber, milk, frozen shrimps, hibiscus flowers and ginger, among others.

According to him, cocoa bean, which was the highest exported agricultural product through the port last year, recorded 33,294 metric tonnes followed by sesame seed and rubber, which recorded 15,189.78 and 15,072.84 metric tonnes respectively.

Ochuma expressed optimism that the volume of Nigerian export of agricultural products would increase in 2018 because of the various incentives and encouragement from the Federal Government.

He said, “Over 5,000 duty-free commodities and items can be exported to the United States of America under the African Growth and Opportunity Act.

Excerpt: The Punch

The Association of Nigerian Licensed Customs Agents (ANLCA) has described 2017 as a bad year for clearing agents due to unfavourable government policies, which it said led to the diversion of Nigeria-

Tin Can Records 150%Increase in Agro Exports

bound cargoes to the ports of neighbouring countries.

National Publicity Secretary of ANLCA, Kayode Farinto who spoke in a chat with SHIPS&PORTS DAILY on Wednesday in Lagos, also identified the poor state of port access roads as a major challenge faced by Customs agents and other operators in 2017. He accused government of insensitivity to the plight of the industry.

Farinto said the controversial cargo palletization policy of the government, which took effect January 1, will not only increase the cost of doing business but will further delay cargo clearance at the ports.

He said, “I would not say 2017 was a good year for agents because there was no eureka. We had challenges especially unfavourable policies of government. The poor state of the port access road was also a major challenge for us. You load container but you will not be able to deliver as at when due to the bad conditions of the roads.

Excerpt: Ships&Ports

2017: A Bad Year forClearing Agents - ANLCA

NEPC Set to AddressInadequacies

in Cocoa Export

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VOLUME 3 ISSUE 8Page 2.

access to seaports and frequent congestion. Excerpt: allafrica.com

Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, predicts 2018 will be a year of strong growth for small business exporters.Ms Carnell said Australia's International Business Survey 2017* showed there's greater confidence among businesses that are already exporting.In agriculture and wholesaling, two thirds of businesses believe the outlook is better than the previous two years.China, the United States and United Kingdom have been identified as markets where strong revenue growth will occur.Commissioned by the Export Council of Australia with support from Austrade, Efic and UTS, the survey reflects the opinions of 941 firms from 19 sectors undertaking international activities in more than 90 overseas markets.“Australia is seeing increased growth in exports and small businesses are leading the way,” Ms Carnell said.“Nearly 88 per cent of Australian exporters are small-medium enterprises.“An increasing number of firms are 'born global', which means they're exporting at the very beginning.”Ms Carnell said the survey findings matched Efic's exporter sentiment index from August, which showed two thirds of respondents expected future sales revenue to increase.“Potential exporters need to know there is support available from Austrade and Efic to research their markets, make connections and obtain finance,” she said.“Over the past three years, Ec has worked with more than 262 small businesses and provided more than $350 million in nancial support.“Ec is the Australian Government's export credit agency; it operates on a commercial basis and partners with banks.

Excerpt: medianet.com.au

cocoa and specific preference for organic cocoa, which incidentally commands a higher price in the international market as the demand continues to rise. There is the need for concerted effort to increase the production of cocoa to partake in the share of favourable global market for cocoa.”

Excerpt: The Guardian

Nigeria earned N397 billion from the export of Liquefied Natural Gas, LNG and Liquefied Petroleum Gas, LPG, also known as cooking gas, in the third quarter of 2017.Data obtained from the National Bureau of Statistics, NBS revealed that the country exported LNG valued at N386 billion, while cooking gas export stood at N12 billion.In the third quarter, Nigeria exported most products to Europe, with an export value of more than N1 trillion, Asia N1.1 trillion and America N827 billion.The Value of Exports to Neighboring African countries stood at more than N300 billion.Excerpt: TVCOnline

An open economy is mostly free from trade barriers where exports and imports form a large percentage of the GDP. No economy is totally open or closed in terms of trade restrictions, and all governments have varying degrees of control over movements in the factor or product markets. The degree of openness of an economy determines a government's freedom to pursue economic policies of its choice, and the susceptibility of the country to international economic cycles. This is truer in this era of globalization which has seen the world become a global village.International Trade is a major economic growth driver, trade enables a nation to export what it has the comparative or competitive advantage in producing and import what it lacks comparative or competitive advantage in producing. Open economies are able to harness the benefits of trade to enhance their productivity and competitiveness. The originally designated Dry Port and Truck Transit Park (TTP) is an initiative of the Federal Government aimed at diversifying the economy and making international trade more competitive. The Dry Port and TTP projects were conceived as part of solutions to the problem of hinterland shippers' inadequate

Nigeria Earns N397bnfrom LNG, LPG Export

Small Business ExportPotential Rises

OTHERHEADLINES

Stakeholders List 2018 Expectations

for Maritime Sector

- Tribune

Turkey Records Second-Highest

Export Volume

- World bulletin

Kaduna Inland Dry Port to

Generate 5,000 Jobs-Business

- Maritime News

Decay In Port Infrastructure

A Major Hindrance to Businesses

ICNL Lament-Business

- Maritime News

Kaduna Inland Dry Port- A Catalyst for

Economic Diversification

Page 3. VOLUME 3 ISSUE 8

Free Export LicenceFree subscription to join African Export DevelopmentInitiative (AFED)Guaranteed Contracts for Export (T&C Apply)Export Mentoring Program with 20% discount Free Export Book & Advisory Service.

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EXPORTBUSINESSCLINIC

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Days & Time 9amWeekdays -

January 23-24, 2017Date -

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Weekend - 9am

January 14 & 21, 2017 Date -

All these information should be made available to the public via its website, conspicuous display in all the NAFDAC offices across the country. It will be good for NAFDAC to identify a very patriotic staff who will be able to inspire others and champion this initiative and reforms in all its offices across the country. Considering the fact that Nigerian Agro products is going no where in the export market if the populace cannot trust NAFDAC to do their job patriotically. I will also strongly recommend that the presidency directly supervise the activities of this agency in order to ensure strict adherence to all its directives.

as an impediment to the progress of their business is not good for the country. I will strongly recommend that the National Agency for Food and Drug Control (NAFDAC) carry out a thorough assessment of its processes, do some internal cleansing and carry the following reforms. The Agency should make public a timeline for the registration of any product with the agency. The phone number to call when there is unnecessary delay should be made available to the public. The procedure for escalating any issue to the Director General should also be made known to the public. In addition to these, besides the checklists on its website, the exact fees payable to the agency for various degrees of products and registration should also be made known to the public.

The short term goal should include the establishment of Agro processing centres across the country in order to enable the Small and Medium Scale Enterprises (SMEs) to have a point to take off their business in order to build their capital and ultimately set up their own processing factories. It is interesting to note that the federal government has started this in some parts of the country. It will be great to not just extend this all the states in the federation, but also ensure that this kind of facility is present in all the senatorial districts of each state of the federation. This model validate the fact that, an Agro processor do not really need to have all the funds to set up a factory before he can own his own brand. A situation where the Agro processors and other entrepreneur sees the regulator

ExportMiscellaneous:

EXPORT ORDERS

LOCAL ORDERS

COMMODITY PRICES (LONDON METAL EXCHANGE AND BLOOMBERG)

S/N

S/N

S/N

PRODUCT

COMMODITY

SPECIFICATION

PRICES

MINIMUM SHIPMENT

UNIT OF MEASUREMENT

1.

2.

3.

1.

2.

3.

1.

2.

3.

4.

5.

6.

7.

PRODUCT SPECIFICATION PAYMENT MONTHLY VOLUME

Zinc Ore Purity 35% 60MT Per Month

120MT Per Month

60MT Per Month

121MT Per Month

60MT Per Month

122MT Per Month

Purity 60%

Purity 30%Lead Ore

Lead Oxide

Zinc Ore

Lead Ore

Lead Oxide

Purity 35%

Purity 60%

Purity 30%Bank Guarantee

Bank Guarantee

Bank Guarantee

Lead Metric Tonne

Zinc

Cocoa Beans

Copper

Tin

Alluminium Bushel

Cotton Pounds

Metric Tonne

Metric Tonne

Metric Tonne

Metric Tonne

USD 2,573.00

USD 3,377.00

USD 1,889.00

USD 7,202.50

USD 20,075.00

USD 2,230.00

USD 78.25

Growing Value Added ExportProducts in Nigeria is a Possibility

Cont'd from last issue

Export TrainingProducts

Title:

A-Z Export of Business Financing

Author: Bamidele Ayemibo

Price: N 10,000

Title:

Becoming an Indispensable

Employee(CD)

Speaker: Bamidele Ayemibo

Price: N 5,000

EXPORT NIGERIA CAMPAIGN

tradeacademy@3timpex.com08091244449 www.3timpex.com www.tradeinfong.com

...raising legion of exporters

Targets:

export seminar for religiousFREEorganizations, clubs, cooperative associations, etcObjective:educate, enlighten, empower thepublic and create employment

Page 4. VOLUME 3 ISSUE 8

Infographics