NACC DRIVES NON-OIL PRODUCT EXPORT WITH A 2-DAY AGRO-COMMODITY EXPORT MASTERCLASS

In: Blog On: Friday, October 20, 2017 Hit: 766

NACC DRIVES NON-OIL PRODUCT EXPORT WITH A 2-DAY AGRO-COMMODITY EXPORT MASTERCLASS

The Nigerian American Chamber of Commerce in collaboration with Multimix Export House organized a 2-DAY Agro-Commodity Export Masterclass.

The workshop which held on 23rd and 30th September, 2017 took place at the Multimix Global Learning Center, 3rd Floor, Tapa House. 3/5 Imam Dauda Street off Eric Moore Road by Sunflag. Surulere, Lagos.

The Masterclass on Nigeria Agricultural Export Commodities was designed for produce merchants, infant exporters, existing exporters, commodity brokers, foreign buyers, investors, financiers and government export facilitating and inspection agencies. The guide was informed by experiences in commodity trade and export management consultancy spanning a period of over two decades. The workshop was indispensable for all stakeholders in the commodity export business.

The workshop which had in focus agro-commodities such as Sesame Seeds, Ginger, Cashew Nuts and Products, Shea Nuts/Butter and Processed Vegetable & Food Products was aimed at providing basic knowledge to potential and existing export traders to take good decisions to enhance their profitability; nurturing the practical capabilities of Micro Small and Medium Sized Enterprises (MSMEs) Agro-Commodity exports and equipping participants with the knowledge and skills to grasp the rudiments of practical export operations, enhance profitability and avoid losses.

The 2-Day training facilitated using real life case studies, discussions and Presentations for knowledge dissemination looked at the following critical areas in the export business; Building Blocks of Global trade; Understanding the fundamental knowledge areas of international trade; Overview of the risks inherent in the import/export field; Importance of detail-oriented and of compliance with import/export regulations; Evaluating how the trends in third-party logistics impact export decisions; Securing payments and performance in foreign trade; Methods of payment in international trade; Identification of products for domestic market and/or exports; Branding, factors influencing pricing decision; Preparation of export price quotation; Distribution, Decision and logistic issues for agri-business products in domestic and international markets; Warehousing and inspection; Drawing-up of business plan for Agro-commodity Season; Agro- commodity Export Costing; Commodity financing; Repatriation & utilization of export proceeds; AGOA opportunities/Finding the American market and Export market penetration strategies.

The training involved interaction with experienced stake holders in the Agricultural export commodity chain. Facilitators were drawn from amongst the value chain practitioners. In attendance were Dr. Obiora Madu- CEO, Multimix Export House; Mr Ikpehai Daniel Edegbai- Export Desk, Fidelity Bank Plc; Mr Friday Uba- Consultant, Multimix Export House; Mr Anthony Adesina- Coordinator, AGOA Trade Resource Centre and Mr Victor Chukwuogo- CEO, VOC Royal resources. Participants who successfully participated in all the sessions of the training were awarded certificates of attendance by the Nigerian-American Chamber of Commerce.

Written by Ugochukwu Ebuka.