EXPORT PROMOTION DRIVE IN NIGERIA: A CASE STUDY OF NIGERIAN EXPORT PROMOTION COUNCIL
EXPORT PROMOTION DRIVE IN NIGERIA: A CASE STUDY OF NIGERIAN EXPORT PROMOTION COUNCIL
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Date
1999-05-28
Authors
DAMULAK, Kyauta D.
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Abstract
Exports serve several purposes in any given economy whether it is a developing
or developed country. It is with this notion that Nigeria as a Nation strives to
enhance its export trade through various means of which the establishment of
Nigerian Export Promotion Council (NEPC is notable.
This study is aimed at determining the extent of success or failure of the council
in increasing exports generally, and more specifically non-oil exports. Thus, the
study began with examination of the historical background of exports from
Nigeria and the functions of NEPC as contained in the legal document
establishing it. It continued with statement of the research problem and
thereafter postulated hypotheses upon which the study is hinged.
Relevant literature were reviewed, giving tie author greater insight of the whole
concept of export trade the world over and in Nigeria in particular.
Data were collected by both primary and sec
In the course of the study, the researcher made a number of findings. The
major findings include the following:A.
The Nigerian Export Promotion Council has clearly defined statutory
functions and responsibilities which if implemented will greatly enhance
non-oil exports from Nigeria.
B. The Council has so far registered achievements in the areas of generation
of export consciousness, export potential survey/market development and
establishing of commercial desks and trade centres in the overseas.
Other achievements are in the areas of increased participation of Nigeria
in Overseas International Trade Fairs and Administration of export
incentives to deserving exporters.
C. Slow implementation of export incentives Of the seventeen (1 7) existing
export incentive schemes in the country, the researcher found that only
four (4) are active.
D. Major reasons for poor implementation of export policies are poor
funding, inadequacy of technical (expertise) personnel and management.
E. False notion of export drive. The researcher discovered that most people
wrongly believe that exports from Nigeria have increased since the
establishment of NEPC. The truth is that exports have not increased but their
value has risen steadily due to the inflationary trend in the economy.
Based on the analysis of data, appropriate summary, recommendations and
conclusion were drawn. The study serves as a veritable piece which assesses
factually the Nigerian Export Promotion Council's attempt to promote exports
from Nigeria.
Description
BEING A PROJECT SUBMITTED TO THE POST-GRADUATE SCHOOL OF THE
AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILMENT OF THE
REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF BUSINESS
ADMINISTRATION (M.B.A.)
Keywords
EXPORT PROMOTION DRIVE, NIGERIA, NIGERIAN EXPORT,, PROMOTION COUNCIL