VOLUME 3 ISSUE 2

3T Impex Trade ConsultingAddress: 11D Bola Shadipe Street,Off Adelabu Street, Surulere, Lagos, NG.Email: tradeacademy@3timpex.comWebsite: www.tradeacademy.ngTel: +234 809 124 4449, +234 808 334 2449+234 703 870 4402, +234 809 999 3142

Export News:

NEPC Call for Export

Expansion Grant (EEG)

Scheme Submission and

Return of Unutilized NDCC

- 1

Export Programme:

Agro Processing

and Packaging

Options - 3

Export Education:

The Real Sector of

The Nigerian Economy

is Under Covert Threat

- 4

Export Training Products:

Export Business Kit and more

- 4

Export Miscellaneous:

Export Trade Leads,

Export Commodities,

Prices, Infographics

and Photo speaks

- 4 & 5INS

IDE

TH

IS IS

SU

E

Nigeria's Gross Domestic Product (GDP) in 2015, a marginal increase of 0.01 per cent on the 0.11 per cent contribution of the sector to GDP in 2014. The report noted that the total production of solid minerals in the country stood at 39.27 million tons, representing a reduction of 17 per cent from the 47.1 million tons produced in 2014. NEITI attributed the drop in production in 2015 to insecurity in parts of the country and the more stringent approval process for explosives used in mining. “The sector could definitely contribute more to revenues, job and wealth creation, exports, imports substitution, industrial development and overall national growth. “But there is a sign of progress already. What we need to do is to build on, deepen and sustain this early promise to ensure that the country returns to being a major mining destination and maximizes the abundant opportunities offered by the sector.

Excerpt: www.vanguardngr.com

The Federal Government plans to raise the sum of $3.1bn (N945.5bn) from the country's non-oil export sector through value addition from 11 agricultural products.Details of the projected revenue from the exportation of these products are contained in a document prepared by the National Committee on Export Promotion.

NEPC Commences TheImplementation of RevisedExport Expansion Grant

(EEG)

This is to inform the general public that the Nigerian

Export Promotion Council has commenced the

implementation of the revised Export Expansion

Grant (EEG) Scheme. The details of the information

and documentation required are as stated below:

Call for Export Expansion Grant (EEG) Scheme:

Submission of Baseline Data for 2017 Export Ratings

and Return of Unutilized NDCC by the Nigerian

Export Promotion Council.

1. SUBMISSION OF BASELINE DATA:

This is to inform all Exporters interested or those

already registered for the Export Expansion Grant

(EEG) scheme, that in order to commerce the

processing of 2017 export claims, the Council hereby

requests for the submission of 2017 baseline data for

the purpose of determining their EEG Rates. The

submission, which will commence from 20th

November, 2017 and end on 29th December 2017,

should include the following:

I. Completed Baseline forms 1A, 1B, 1C and their

annexes. These forms can be assessed on

www.nepc.gov.ng.

Top NewsNEPC Call for Export Expansion Grant (EEG) Scheme Submission and Return of Unutilized NDCC

Nigeria Exports $9.7m, Earns N69bn from solid minerals

Nigeria targets N945bn revenue from non-oil sector in 2018

Freight Forwarders threaten to Stop Port Operations over Congestion Surcharge

The Nigeria Extractive Industry Transparency Initiative, NEITI, yesterday, said Nigeria earned N69.2 billion from the solid minerals sector in 2015, an increase of 24 per cent on the N55.8 billion earned from the sector in 2014. Executive Secretary of NEITI, Mr. Waziri Adio, NEITI, in a statement on its latest independent audit report of the solid minerals sector released weekend, also disclosed that the value of solid minerals exports from Nigeria in 2015 stood at $9.733 million, which was 1.45 per cent of non-oil exports. It noted that lead and zinc dominated Nigeria's solid minerals export with 79 per cent valued at $7.7 million, while 175 ounces of gold valued at $122,000 were exported during the period. The NEITI report showed that the solid minerals sector contributed 0.12 per cent to

Dubai Exports Highlights UAE as Competitive Source Market at 'World Food India'

Exporters, Importers Decide Port To Use – NPA

Nigeria Exports , $9.7m fromEarns N69bn

Solid Minerals

(continued on Page 2.)

Nigeria Targets N945bnRevenue from Non-Oil

Sector in 2018

3T Impex Trade ConsultingAddress: 11D Bola Shadipe Street,Off Adelabu Street, Surulere, Lagos, NG.Email: tradeacademy@3timpex.comWebsite: www.tradeacademy.ngTel: +234 809 124 4449, +234 808 334 2449+234 703 870 4402, +234 809 999 3142

VOLUME 3 ISSUE 2Page 2.

The document is the implementation framework, which the committee, had prepared to stimulate non-oil exports.The 13-member committee, chaired by the Governor of Jigawa State, Alhaji Muhammed Badaru, was constituted with the approval of the National Economic Council.Its major task is to help identify ways to achieve the zero oil plan initiative of the government that seeks to replace oil as the major source of foreign exchange earner.According to the implementation framework, which was obtained by our correspondent on Friday in Abuja, about 11 agricultural products have been picked to generate the N945.5bn revenue for the government.The products are sesame, where the government is targeting to generate $500m (N152.5bn) through exports from the current $200m (N61bn); cashew, $500m (N152.5bn) from the current $150m (N45.75bn); tomato, $250m (N76.25bn); and oranges, $250m (N76.25bn).Others are cassava, $250m (N76.25bn) from the current export value of $2m (N610m); spices, $250m (N76.25bn) from the current value of $30m (N9.15bn); ginger, $100m (N30.5bn) from $30m (N9.15bn); Shea butter, $100m (N30.5bn) from its current export value of $5m (N1.52bn).The rest are cowpea, $100m (N30.5bn); banana and plantain, $250m (N76.25bn) and cement and clinker, $500m (N152.5bn).

II. Audited Financial Statements, which must include Value Added Statements for the respective base years.

III. Additional Notes (in conformity with the

Audited Financial Statement and Baseline Forms)

which should include the following:

· Analysis of Turnover into Local and Export

Sales

· Analysis/Schedule of Total Export Sales

(N)showing the conversion rates used

· Details of Addition to Fixed Assets during the

year

· Breakdown/Analysis of Cost of Sales into

local and Foreign Input (Raw materials and

Freight ForwardersThreaten to StopPort Operationsover Congestion

Surcharge

Freight forwarders have threatened to shut down

operations at the nation's seaports over what they

describe as arbitrary charges by shipping

companies.

The latest of such charges, according to the agents, the congestion surcharge which foreign is

shipping lines are reportedly imposing on

importers.The Coordinator, Save Nigeria Freight Forwarders, Dr. Osita Chukwu, faulted the introduction of the surcharge, noting that the congestion was not the fault of importers but the deplorable situation of the road which made it difficult for people to get their goods out on time or return empty containers.He said that freight forwarders were fighting to stop the surcharge and had threatened that they would stop work if it was not reversed.He urged the government to prevail on the shipping companies to stop charging for demurrage on containers, noting that whereas the shipping companies were supposed to have holding bays, they were rather taking advantage of the traffic situation at the ports access roads which had caused trucks to be in queue for weeks waiting to get into the ports.He said, “Due to the demurrage charges on containers, the shipping companies do not refund anything to the importers after they have deposited money. By the time you get there, all your deposits are finished and they will even tell you that you owe them because you have spent all the time on the road trying to get into the port.”

This is the first time in 11 years that congestion surcharge would be imposed on importers.

Excerpt: www.punchng.com

packaging)

IV. Tax Clearance Certificates (TCC) (for the

preceding 3 years, where applicable) and

Export Expansion and Export Expansion Plan

(EEP), in line with Revised Export Expansion

Grant Scheme.

V. Baseline application and all accompanying

documents must be scanned in a single PDF file,

saved in a flash drive and forwarded with the

application.

PLEASE NOTE:

a. Photocopies of Financial Statements are not

acceptable. Any photocopy must be duly

endorsed by the Company’s Auditor, using the

Auditor’s seal.

b. Companies, submitting baseline data for the

firsttime should in addition to the above, submit

their Financial Statements for 2014, 2015 and

2016, if applicable.

c. New companies should submit their current

Management Account and Projected Financial

Statements for 2018.

2. RETURN OF UN-UTILIZED NDCCs:

In line with the new policy guidelines of the

Federal Government that outstanding (2007

2016) backlog claims settlement under the

Export Expansion Grant (EEG) Scheme be

accommodated as part of the Promissory Notes

Payment Program (PNP), all beneficiaries that

are in possession of un-utilized NDCCs are

expected to return them to the Nigerian Export

Promotion Council, These returns are to ensure

adequate verification of the unutilized

C e r t i fi c a t e s i n p r e p a r a t i o n f o r t h e

implementation of the Promissory Notes

Payment Program. The return of the unutilized

NDCCs exercise is schedule to commence on

16th November, 2017 and close on 22nd January,

2018.

All Exporters are please advised to adhere

strictly to the Revised Guidelines and the time

schedules for the submissions, as late and or

inadequate submissions will not be entertained.

All submissions must be addressed to the

Executive Director/CEO, NEPC.

(continued from Page 1.)

VOLUME 3 ISSUE 2Page 3.

OTHERHEADLINES

Ambitious project rolledout to increase exports

by 20 per cent– Kenya News

Nigeria Loses N1trnTo

Cargo Diversion

Exporters, Importers

Decide Port To Use

-NPA

Dubai Exports

Highlights UAE as

Competitive Source

Market at

“World Food India”

Managing Director, Nigerian Ports Authority (NPA),

Ms Hadiza Usman says the Authority does not have

consti tut ional or moral r ight to direct an

importer/exporter on the port to use.Usman said this in Port Harcourt on Tuesday at the Rivers Port Stakeholders' meeting.She said it was the right of an importer/exporter to use the sea port of his or her choice while transacting import and export businesses.The managing director was represented by Mr Sokonte Davies, NPA Executive Director, Maritime Operations.Usman said the authority did not charge money for services it did not render to importers and exporters.

She said that it would be difficult for all inspecting agents to inspect a vessel at the same time, adding that the exercise could only be done in turns.Usman promised to address users' complaints constitutionally and hinted that the meeting would hold quarterly to enhance harmonious relationship between NPA and stakeholders.The shipping companies/agents had complained of lack of pilot cutters; inadequate security, poor light as well as shallow Bonny channel which needed dredging.According to stakeholders, big vessels are diverted to other pots due to the shallowness of Bonny Channel, among others.The MD held a similar meeting on Monday with stakeholders in Onne Ports.

Excerpt: www.pmnewsnigeria.com

Dubai Exports, the export promotion agency of

Dubai Economy, attended the inaugural 'World Food

India' exhibition held recently in New Delhi,

demonstrating the growing export capabilities in the

UAE and exploring new opportunities in the fast-growing Indian market. Dubai Exports was the first international organisation to confirm its participation in the three-day event, which featured strategic pointers to the booming food & beverage industry in India.

Food & beverage is a major component of the Indian economy with a market value of around 1.7 trillion dirhams (US$ 455 billion). Besides, the sector is expected to grow 15% annually and form about half of the overall retail market over the next decade, driven by the growing urban middle class and rising consumption.

Mohammed Al Kamali, Deputy CEO of Dubai Exports, said: “Although, India is a major and important trading partner for Dubai there is still considerable opportunity to increase the value of our exports to the country. Nearly a third of the 1.2 billion people in India are considered to be middle class and this along with the rapid urbanisation happening in the country will continue to drive demand for varied food & beverage products.”

World Food India attracted 2,000 participants, including 200 companies from 30 countries, 18 ministerial and business delegations and CEOs of nearly 50 global companies in addition to heads of domestic food processing firms. Honourable Prime Minister of India, Narendra Modi, inaugurated the exhibition in the presence of various other heads of States and also visited the Dubai Exports stand accompanied by Harsimrat Kaur, Honourable Minister of Food Processing.

Excerpt: Dubai

Export Programmes

Page 4. VOLUME 3 ISSUE 2

The Real Sector of The Nigerian Economy

is Under CovertThreat

significant and strategic. It is the sector responsible for the production and distribution of goods and services (from a combination of factor resources), necessary to meet the consumption demand of an economy. I t dr ives economic growth and development, and provides an indication on the living standard of the citizens of an economy and the effectiveness of government’s macroeconomic policies. Furthermore, it facilitates the creation of economic linkages with other sectors and helps in capacity building, employment and income generation. In view of this, a discussion of the real sector is topical as it is the pillar upon which the government’s objective of inclusive growth and poverty alleviation hinges, since it contributes the most to employment generation and growth. However, the real sector of the Nigerian economy is under threat and no one seem to be observing the trend and bring it to the front burner and hence nothing is being done about it. The wise man see evil afar off and do something to avert it but fool will wait until it he feels the impact before doing something about it.

It is no more news that Nigeria is an Import dependent country. This is mainly due to the low level of development in the economy. When it comes to examining the risk of importation to a country, we seem to only focus on the impact on foreign reserve and the nature of the items being imported and not so much is being said on where we are importing thegoods from.

In my opinion, I the the Real Sector of Nigerian Economy is seriousely susceptible to amajor riskcalled concentration risk because of the over- dependence on China as the major source of our itemsof importation into Nigeria.

The Economist will tell us that the economy of any nation comprises four interrelated sectors, operating to ensure that resources are best utilised in the production of goods and services to maximise the welfare of its citizenry. The sectors are the financial, fiscal/government, external and real. While all four sectors have important roles in the welfare of thecitizenry, the role of the real sector is particularly

Export TrainingProducts

Title: Export Business Kit (Audio)

Author: Bamidele Ayemibo

Price: N 50,000

Title: A-Z of Export Business Financing

Author: Bamidele Ayemibo

Price: N 10,000

Export

Miscellaneous:EXPORT ORDERSS/N

PRODUCT SPECIFICATION MINIMUM SHIPMENT

1.

2.

3.

Zinc Ore Purity 35% 60MT Per Month

60MT Per Month

60MT Per Month

Purity 60%

Purity 30%Lead Ore

Lead Oxide

LOCAL ORDERSS/N

1.

2.

3.

PRODUCT SPECIFICATION PAYMENT MONTHLY VOLUME

120MT Per Month

121MT Per Month

122MT Per Month

Zinc Ore

Lead Ore

Lead Oxide

Purity 35%

Purity 60%

Purity 30%Bank Guarantee

Bank Guarantee

Bank Guarantee

COMMODITY PRICES (LONDON METAL EXCHANGE AND BLOOMBERG)S/N

COMMODITY PRICES UNIT OF MEASUREMENT

1.

2.

3.

4.

5.

6.

7.

Lead Metric Tonne

Zinc

Cocoa Beans

Copper

Tin

Alluminium Bushel

Cotton Pounds

Metric Tonne

Metric Tonne

Metric Tonne

Metric Tonne

USD 2,424.00

USD 3,227.00

USD 2,124.00

USD 6,954.00

USD 19,400.00

USD 2,107.00

USD 71.14

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 5. VOLUME 3 ISSUE 2

Infographics and Photo Speaks