Export Promotion in Agric - Meaning of export promotion

Agricultural Science JSS 3 Third Term

WEEK 1

Export Promotion in Agric - Meaning of export promotion

Performance Objectives

Student should be able to:

     1. Explain the meaning of export promotion.

     2. Identify Nigerian export produce.

Content

What is Export?

Export is the selling of goods and services across the national boundaries of two or more countries. A person or country involved in export is known as THE EXPORTER.

Export Promotion

Export promotion simply refers to encouraging the sales of Nigerian produce in other countries. It is a deliberate government effort geared towards the establishment and promotion of exports. The Nigerian climate favours the production of certain crops and animal products above other countries of the world. For example, Nigeria sells cocoa to Britain and use its foreign exchange earning to buy stockfish from Norway. Some Nigerian export products include cocoa, cashew nuts, rubber, groundnut etc.

There are different activities that constitute export promotion and they are as follows:

1. Identification of products and market.

2. Location of new investment opportunities.

3. Supply trade information.

4. Provision of support services.

5. Organization of trade fairs to expose homemade goods to other countries.

Presently, the Nigerian government is trying to boost the production and exportation of commodities other than petroleum and this is meant to diversify the export base and lead to a more favourable balance of payment.

Nigeria export promotion council (NEPC) has its headquarters in Abuja and export processing zones are in Calabar, Onne in Rivers State, Lagos and Kano.