Export Promotion In Agriculture
What does Export mean?
Export is the sale of products and services over the borders of two or more nations. It involves the selling out of products for a producing country to a buying country.
What is Export Promotion?
Export Promotion refers to the process of stimulating the export of Nigerian (your country) goods. The climate of Nigeria is more conducive to the production of some crops and animal products than that of other nations. For example, Nigeria exports cocoa to the United Kingdom and uses the proceeds to purchase stockfish from another country.
Export Promotion refers to actions of the government that have effectively or potentially increased exporting of commodities, products, and services.
Examples of Nigerian export products
The following are some instances of agricultural exports from Nigeria:
- Palm derivatives
- Cocoa- Used to make food and drink
- Coffee- For preparing beverages
- Skins and hides – For leather
- Cassava – Used for starch and flour
- Pepper – Used in spices and seasonings
- Cotton- Used in textiles
- Groundnuts- For the manufacturing of vegetable oil, soap, and pomade.
Regions Of the Countries Where These Items Are produced
- Cocoa is primarily grown in the southern region of Nigeria due to the favorable climate in states such as Ogun, Anambra, Delta, Edo, Enugu, Osun, and Ondo.
- Groundnut is primarily cultivated in Northern Nigeria. Over 85 percent of the groundnuts produced in Nigeria come from the states of Kano, Adamawa, Taraba, Kebbi, Borno, and Nasarawa.
- The biggest cassava-producing states in Nigeria include Anambra, Bayelsa, Delta, Edo, Benue, Cross River, and Enugu.
- These states produce coffee: Osun, Bauchi, and Edo.
- Benue, Ondo, Kaduna, Kastina, Kwara, Oyo, Zamfara, Jigawa, Sokoto, and Kebbi are the cotton-producing states.
- Pepper-Kaduna, Kano, Adamawa, Kastina, Sokoto, Plateau, and Bauchi States.
- Adamawa, Bauchi, Gombe, Niger, Kaduna, Zamfara, Borno, Taraba, Jigawa, and Kebbi are some of the states that produce hides and skins.
- Delta, Edo, Anambra, Osun, Enugu, Imo, Oyo, Abia, Akwa ibom, and Ogun are some of the states that produce palm products.
Advantages Of Export Promotion
An export development strategy is vital to a nation’s economy. Government actions in this area attempt to improve the nation’s export performance for the good of the economy as a whole. The purpose is to promote international trade.
Exporting nations must continually enhance their practices or the quality of their goods through scientific work, development studies, etc. in order to remain competitive.
It is obvious that when exports increase, Foreign currency flows increase.
When export promotion is effectively stated, planned, and executed, it provides the nation with the following advantages:
Importance of Export Promotion to the nation
- It promotes foreign exchange or foreign currency.
- It boosts the farmers’ revenue.
- It helps the nation to diversify its economy
- It enhances productivity.
- The export promotion of agricultural products results in production specialization.
- It generates job opportunities.
- It supports economic expansion.
- Creation of the nation’s marketing system.
Export promotion can be defined as a series of activities designed to increase sales of a nation’s goods in international markets. It usually involves government intervention.
Cocoa, coffee, cassava, oil palm yield, pepper, cotton, soybeans, hides and skins, etc. are variations of Nigerian export products.
The country’s economic growth is one of the greatest advantages of export promotion.