Table Of Contents
- Meaning Of Export
- Meaning Of Export Promotion
- Examples Of Export Promotion
- Nigerian Export Produce
- Parts Of Countries Where The Export Products Are Produced
- Benefits Of Export Promotion
What Is Export
Export is the selling of goods and services across the national boundaries of two or more countries.
Meaning Of Export Promotion:
Export Promotion refers to encouraging the sales of Nigerian produce in other countries. 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 it’s foreign exchange earnings to buy stockfish from Norway.
Export Promotion has to do with measures with actualy or potentially enhanced exporting activities of commodities, goods and services.
Nigerian Export Produce
The following are some of the examples of Nigerian Export Produce in Agriculture:
1. Palm produce
2. Cocoa- For making food drink
3. Coffee- For making drinks
4. Hides and skin- For leather
5. Cassava- For starch, flour
6. Pepper- For spices and seasoning products
7. Cotton- For textile
8. Groundnuts- For vegetable oil, soap and pomade production.
Parts Of Countries Where These Products Are Produced
1. Cocoa is mostly produced at the southern part of Nigeria because the weather provide ideal condition for it states like Ogun, Akwa ibom, Edo, Ekiti, Osun and Ondo states.
2. Groundnut is mainly planted in the Northern part of Nigeria. In fact over 85% of the goundnuts produced in Nigeria are from Kano, Kaduna, Taraba, Bauchi, Borno and Adamawa States.
3. The major states of Nigeria which produce cassava are Anambra, Imo, Delta, Edo, Benue, Cross River, and Enugu States.
4. Coffee producing states are Kwara, Bauchi and Osun.
5. Cotton producing states are Kaduna, Ondo, Kano, Kastina, Kwara, Ogun, Zamfara, Jigawa, Sokoto and Kebbi.
6. Pepper- Kaduna, Kano, Jigawa, Kastina, Sokoto, Plateau and Bauchi States.
7. Hides And Skin- Adamawa, Bauchi, Gombe, Niger, Kaduna, Zamfara, Borno, Taraba, Jigawa and Kebbi States.
8. Oil produce- Palm oil producing states are; Cross river, Akwa ibom, Anambra, Ondo, Enugu, Imo, Oyo, Abia, Edo and Ogun States.
Benefits Of Export Promotion
Export development strategy is important to the economy of nations. Government measures in this direction aim at importivement of export performance of the nation for the general benefit of thr economy. The goal is to encourage trade abroad.
Exporting countries face increasing competition and so, have to continously improve their techniques or quality of ggoos through research, development studies, etc
It is worthy of note that when export increase, Foreign exchange in flow is raised. Specifically,
Export promotion when properly articulated, programmed and excauted, it would benefits the nation in the following ways:
1. It attracts foreign currency or foreign exchange.
2. It increases the income of farmers.
3. It increases production.
4. Export Promotion of Agricultural Produce leads to specialization production.
5. It creates employment opportunities.
6. It encourages economic development.
7. Development of Nation’s marketing structure.
Export promotion can be said to mean a set of activities that are aimed at encouraging sales of a nation’s produce to foreign countries.
Examples of Nigerian Export Produce are: Cocoa, Coffee, Cassava, Oil palm produce, Pepper, Cotton, Groundnuts, Hides and skins, etc.
One of the major benefits of export promotion is economic development of the country.