Dr. Obiora Madu gives Reasons Why Nigeria is not recognized in International export trade.
The global leadership position in the production of yam and cassava tubers, shea nuts cocoayam, Sorghum melon seed, kola nut and other agricultural produce, Nigeria is not listed in the world Export market.
A truck fully loaded in one of the inland dry ports in the sub-region, will be delayed, harassed for bribes by the numerous security agents along the regional transport corridor before it gets to its destination.
Disclosing this recently in Ibadan Oyo state, Dr. Obiora Madu, the Managing Director of Muiltimix, said that this is because Nigeria is not recognized as an exporting country of any particular product. Madu who presented a paper at a one day Inter-Agency stakeholders’ workshop on Non-Oil shipping trade capacity in the South West said that Nigeria currently lack conditioning centres as the cold chain in exporting certain perishable goods are not available.
Nigeria as at 2016 occupied the first position in the production of yam, with 38million metric tons, cassava with 54million metric tons, Sorghum with 6.9million metric tons, Cocoayam with 3.4 metric tons Melon with 514,000 metric tons, Shea nut 330,000 metric tons and Kola nut with 138,000, metric tons He said that the credibility problem of Nigeria has also affected exports from the country as most exporters now take their products to Ghana for onward export to other countries of the world. Madu, an Adjunct Professor, also said that most of the yams and other agricultural products purportedly exported by Ghana are actually from Nigeria.
He however refused the mention the name of any Nigerian exporter that passes through Ghana to export their cargoes stating, “Even if I know, I will not tell you”. He also disclosed that even when government came up with an unfriendly foreign exchange policy, most Nigerian exporters opened domiciliary accounts in some of these neighbouring countries. Madu stated: “Because of the national credibility that we have, people will not believe that we can do things right, so for that reason people are moving their goods to Ghana including yams, shea nut and shea butter.
When they came up with the obnoxious foreign exchange policy, Nigerian exporters opened domiciliary accounts in Ghana, Togo and Benin Republic. “They illegally move the goods out, they sell, pick up their foreign exchange from there, cross the border and come and sell at the black market. “You see, there is need for a comprehensive, a holistic approach to grow the export industry. “The African Growth and Opportunity Act, AGOA is almost thirty years old 6,500 items that can go the United States duty free, quota free, and we have not been able to take that opportunity. “Virtually all African countries are benefitting from AGOA.