VOLUME 3 ISSUE 25

for June 2018

improved the Nigerian brand of rice, while creating more avenues for the engagement of youths in sustainable rice farming development strategies.Goroyo said that Nigeria, as the largest producer of rice in West Africa and third largest in Africa, was attaining the benchmark of producing the quantity of rice needed to sustain its population and for export.Excerpt: Independence

The Admission for the second batch of Executive Diploma in Export Business Management and Executive Diploma in Export Trade Finance is still in progress. This was announced last week by the management of 3T Impex Trade Academy. This Diploma programme is first of its kind on the African soil and it is in conjunction with the American Institutes of Extended studies. The first batch of the programme started in February 2018 with 13 candidates who are from different sectors of the economy including Banking, Manufacturing and Agricultural and Solid Mineral Sectors. The first batch will conclude their programme by the end of

The government via the Nigerian Export Promotion Council has announced plans to drive the nation's non-oil export sector through the deployment of e-commerce.The Trade Promotion Advisor, NEPC, Ganiyu Gbolagade, made this known during NEPC's Export Day at the 9th Ogun Chamber of Commerce, Industry Mines and Agriculture Trade Fair in Abeokuta, Ogun State.According to the council, the move is part of its efforts to complement the Federal Government's plan to diversify its economy away from oil.Gbolagade said that in line with the present administration's focus on achieving the zero oil plan, the council as part of its promotional activities, partnered a leading African online e-commerce enabler, Mall for Africa, to drive Micro Small and Medium Enterprises in export business in the most convenient and pocket-friendly manner.He said, “This platform will create the enabling environment for mutual relationship between the MSMEs and the MFA where they can contribute to the growth of the nation's economy. The MFA has a shopping app that offers access to over 200 United States and United Kingdom online stores from Africa.”Also speaking at the event, the Export Manager, MFA, Liz Oluwadare, said Nigeria had potential to access the global market, saying that the way forward was to get the right connection to help these small businesses get access to the global market.“We are coming in as an e-commerce agent that has set up a technological enabled online platform for sale of products across the world,” she said.According to her, trading in large volumes was still a challenge to the MSMEs due to inadequate funding

and lack of market access.Excerpt: Punch

The Rice Farmers Association of Nigeria (RIFAN) says the Nigerian rice is gradually capturing African markets, just as Nigeria is fast becoming Africa's rice production hub.Alhaji Aminu Goronyo, the National President of RIFAN, said in Abuja on Thursday that the feat was as a result of the Federal Government's innovative policy on rice production.He noted that the quantity and quality of Nigerian rice had increased significantly in recent times, adding that various international groups had attested to the achievement.Goroyo said that many entrepreneurs and some African countries, which had recognised the efforts of RIFAN to champion rice development initiatives in Nigeria and Africa at large, were now willing to be part of the rice revolution.He added that some international agencies were also linking those countries that were interested in rice development initiatives with RIFAN.He stressed that the Nigerian rice revolution had

Export News:

Government Targets

e-commerce to Boost

Non-Oil Export

- 1

Export Programme:

Export Business

Clinic and More

- 2

Export Education:

Importers’ Forex

Challenge: A Blessing in

Disguise?

- 3

Export Training Products:

Export Business Made Easy

and More

- 3

Export Miscellaneous:

Commodity Prices,

Infographs and Lots

More

- 3 & 4

INS

IDE

TH

IS IS

SU

E

Government Targetse-commerce to Boost

Non-Oil Export

Top NewsGovernment Targets e-commerce to Boost Non-Oil Export

Nigeria Rice Penetrates, Captures Africa’s Market - RIFAN

Registration of Batch 2 for Executive Diploma in Export is in Progress.

NEPC Tasks Exporters on Targeting Specific Markets

Truck Owners Commend Nigeria Navy for Restoring Sanity on Apapa Roads

Benue Killings Threaten Nigerians Monthly 480tonnes Yam Export

Nigerian Rice Penetrates,Captures Africa’s Markets

- RIFAN

Registration of Batch 2for Executive Diplomain Export is in Progress

for June 2018

Page 2.

OTHERHEADLINES

How FG Tardiness Led to US Ban

on Nigeria’s Fish Import

- BusinessDay

First City Monument Bank FCMB has

Announced a Partnership with the

Nigerian Export Promotion Council

NEPC on Non-Oil Export Facilitation

- Nairametric

VOLUME 3 ISSUE 25

We want to Replicate Cashew Model

on Entire Non-Oil Sector Value Chain

- BusinessDay

Concerns as NAFDAC, NIMASA, NPA

Dump Responsibilities for Revenue Drive

- BusinessDay

the action had restored sanity and brought great relief to residents and motorists. NAN reports that the Commanding officer, Nigerian Navy Ship BEECROFT, Commodore Okon Eyo, had in March issued a 48-hour ultimatum to truck drivers to vacate the roads and bridges leading to Apapa port.As part of measures to end the gridlock, the Nigerian Navy introduced a “Call up Card System'' for the trucks loading at Apapa ports. The call up card system allowed only trucks that had business inside the port, while those without call up cards were turned back at the foot of the bridge. In commending the efforts of the Navy, Taiwo said that the order had prevented mischief makers from taken advantage of the chaotic traffic situation. He said: “We hereby commend the intervention of the navy which made the impossible to be possible that such respite can come within a week. “Although, the intervention may not be a permanent one, yet, it is a big relief to the road infrastructure in the state. “The intervention is also a relief to everyone, but it is not over yet as there is still room for improvement. “I am also commending everyone that contributed to the compliance – the police, LASTMA and others – for bringing sanity to Apapa and its environs.''Excerpt: The Eagle Online

Nigeria's monthly export target of 480tonnes of yam to the United States, Canada, United Arab Emirates, as well as key European countries is under threat by the rising insecurity in Benue state, in Nigeria, BusinessDay investigations has revealed.Yam, a staple food virtually consumed by every household in Nigeria, is predominantly grown in the North Central region of Nigeria.Nigeria flagged off campaign on yam export on June 29th 2017 aimed at generating additional foreign exchange revenue of $10 within four years. The country is the world's largest producer of yams, with more than 25 million tonnes consumed entirely on the domestic market. Ghana, the second largest yam producer with 3.25 million tonnes, makes an average of $5 billion annually exporting yams.Sadly, the country's projection is now being threatened on the rising spate of insecurity forcing local farmers in Benue to seek refuge in Internally Displaced Peoples (IDP) camps, as Fulani herdsmen unleash mayhem on Nigeria's Yam base and food belt region of Benue state.The state has been under persistent attack through farmers-herders crisis ,as the situation has left the state with over a 100 000 Internally Displaced in the state many of whom are farmers.Confirming this development to BusinessDay exclusively, Simon Irtwange, who heads the Federal Government's Technical Committee on Yam export Programme said:”The farmers-herders clash has affected harvest and successful evacuation of yams into storage in Benue state. Irtwange also confirmed that the yams in the farms are being destroyed, burnt and also used to feed cattle. According to Irtwange, the Fulani herders call yams “indomie” for the cattle. The seed yams for the next planting season have also been destroyed along with the ware yams.Excerpt: Business Day

July this year while the second batch will be starting their programme from the first week of June 2018.The classes hold on Saturdays at the 3T Impex Trade Centre in Surulere from 8am. The programme is divided into three modules with each module lasting for a period of two months with an end course test.Knowing that export is the future of Nigeria, the management of 3T Impex has designed this programme to create on one hand, a pool of export trade professionals to manage the budding and established export businesses in Nigeria and on the other hand to develop highly skilled trade professionals that will be structuring export trade finance in different financial institution in Nigeria.If you are thinking of growing your career in international trade, this is a unique opportunity to get an international certificate to justify your qualification after the training programme and open up your career for great opportunities al over the world.

To get more information or download the application form, please visit www.3timpex.com/diploma/ or call 08091244449Source: Tradeinfong.com

The regional coordinator, South West, Nigerian Export Promotion Council, (NEPC), Mr Babatunde Faleke has harped on the need for exporters to understand the basics of the exporting business, especially ensuring that their exports are targeted at specific markets.Speaking at a meeting of stakeholders in the export business, in Ibadan, Faleke listed other imperatives for exporters as the need to improve quality and packaging, standardize produce, have a grasp of documentation and embrace pre-shipment and post-shipment incentives.He, however, said the nation faced a challenge of the inadequate quantity of agricultural commodities and manufactured goods for exports, hence noted the need for farmers to scale up production and cultivate the nation's free land.He said the country must focus on exporting products it had a comparative advantage in like rice, shea nuts, shea butter, cocoa, yam, melon, cassava and cashew.“What we are struggling with is quantity.We need to scale up production, improve the quantity, scale up cultivation. Free land should be cultivated. We are not exporting enough yet we have several products we can export.For example, we should export rice, shea butter. Exporters must understand export basics such as targeting their products to a particular market,” Faleke said.Excerpt: Nigerian Tribune

The Amalgamation of Truck Owners in the Maritime Industry on Wednesday commended the Nigerian Navy for the steps it took in addressing gridlocks in Apapa area of Lagos.The organisation's Publicity Secretary, Oluwaseyi Taiwo, told the News Agency of Nigeria in Lagos that

NEPC Tasks Exporterson Targeting Specific

Markets

Truck Owners CommendNigerian Navy for Restoring

Sanity on Apapa Roads

Benue Killings ThreatensNigeria’s Monthly

480tonnes Yam Export

Page 3.

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.

BENEFITS

CONTACT: 08067476669, 08026782568, 08091244449 tradeacademy@3timpex.com

EXPORTBUSINESSCLINIC

TRAININGFEE

N78,500

Days & Time 9amWeekdays -

April 17th & 18th, 2018Date -

Venue: 3T Impex Trade Center 11D Bola Shadipe StreetAddress:

Off Adelabu Street, Surulere,Lagos, Nigeria.

Weekend - 9am

March 8th & 15th, 2018 Date -

VOLUME 3 ISSUE 25

Export TrainingProducts

On a final note, I will like to submit that, the current challenges of forex in Nigeria is indeed a great blessing in disguise for all affected importers. This is because, it is forcing smart ones to start export businesses in order to create their own forex, create more jobs, generate more income and stay competitive in the same import business.

For questions on this thought, you can reach me via email to bayemibo@3timpex.com

In the same vein, all the traders importing items into Nigeria simply for sales should see the exportation of agricultural commodities as the rst option to be considered as they venture into export business in Nigeria to generate their forex. This is because they neither have any equipment needed for the manufacturing of any product nor do they have any machinery for mining of solid minerals.

On the other hand, any engineering company that imports into Nigeria (especially those into civil engineering) should first consider mining solid minerals and then exporting them. This is due to the fact that they already have a number of equipment that will be of great use to them in the mining, processing and exportation of solid minerals like lead ore, zinc ore, copper and manganese ore out of Nigeria.

Title:

Export Business Made Easy

Speaker: Bamidele Ayemibo

Price: N 5,000

ExportMiscellaneous:

EXPORT ORDERS

LOCAL ORDERS

COMMODITY PRICES (LONDON METAL EXCHANGE AND BLOOMBERG)

S/N

S/N

PRODUCT

COMMODITY

SPECIFICATION MINIMUM SHIPMENT

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

Zinc

Cocoa Beans

Copper

Tin

Alluminium

Cotton

S/N

1.

2.

3.

Importer’s ForexChallenge:

A Blessing in Disguise?Cont’d from last issue

Title:

Career Transition

Speaker: Bamidele Ayemibo

Price: N 5,000

PRICES UNIT OF MEASUREMENT

Metric Tonne

Bushel

Pounds

Metric Tonne

Metric Tonne

Metric Tonne

Metric Tonne

USD 2,279.00

USD 3,028.00

USD 2,781.00

USD 6,837.00

USD 21,400.00

USD 2,349.00

USD 84.41

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 25

Infographics