The Role Of Nigerian Export Promotion Council In The Export Of Nigerian Producers” From 2000-2010

Export promotion is a management concept employed by export enterprise for effective international marketing of its products. The process starts with the research for consumer needs down to the point of consumption and satisfaction which triggers repeat purchase. It comprises of product design, product adoption and product development. All these are intended to meet the requirement of the foreign markets.

THE ROLES OF NIGERIA EXPORT PROMOTION

Nigeria’s export promotion has been built around the international agricultural products and export from the country. It was a statutory body established to determine the grade and price of the products. It has the monopoly over the export of the products. This means that private individuals can only sell to the board but could not engage in the exportation of these products.

The abolished Nigeria marketing board exported the agricultural products in their crude oil or primary form. They also did little to promote export promotion of these commodities. All it did was to place these products at the doorsteps of the ready made markets after purchasing it from producers. One could rightly say that it was more of a price stabilization instrument than a tool for export promotion.

The monopoly enjoyed by the commodity board constituted some degree of dis-incentive to export oriented investors investments. The system did not allow the rapid expansion of the processing industry; to allow for the exportation of value-added product and therefore higher export earning.

The boom soon made our exports of primary product, consisting of cocoa, timber, groundnut and hide and skin to plummet to less than 4% in 2004 while in 2000, it accounted for 85 percent of export revenue. Direction of export trade in the 2000 shows that  119,000 tones of cocoa, beans was exported in 2000 representing 1.3 percent of total export, 128,000 tones in 2001 to representing 1.0 percent, 138,000 in 2002 representing 1.7 percent, 206,000 tones in 2003 representing 3.0 percent and in 2004. It was 131,000 tones representing 2.1 percent of the total export. Also groundnut export did not take place in the 2000. Palm kernel witnessed an erratic movement between 2000 and 2004. 35 tones was exported in 2000, 91 tones in 2001, 28 tones in 2002 and 54 tones in 2003 and 42 tones in 2004 as a total export. However, crude petroleum had a large share of the export in the 2000 accounting for 97.2 percent of the total export from 55; 212 tones exports. An analysis of the other major commodities had shown that they contributed a negligible amount of foreign exchange to the total exports. These were achieved in the revenue and great exporting of some commodities. By 2000 and 2003, Nigeria become a bet importer of palm oil and groundnut oil respectively. The export of crude oil over shadowed of the other exported commodities and made the most significant impact on the economy.

According to Mr. Niji George (1976) formally of the Nigeria, export promotion council, in the large sixties and early seventies most of the newly industrialized nation like Hon Kong, Taiwan and Korea, had stated export promotions with the diversity action of their export base from non value added commodities like cotton, the manufacturing which add value to their primary produce. They have now been able to penetrate to America and European markets.

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