PROJECT TOPIC- CRITICAL ANALYSIS AND PERFORMANCE EVALUATION OF NIGERIA EXPORT PROMOTION COUNCIL. (NEPC)
Export is defined as commodities sold or services rendered to other countries. Exporting is the marketing of goods and services across national
boundaries. Exporting has an entry strategy into international markets, it has a great percentage of international marketing activity is on the exporting level. Once the ground work has been done to enable the exporting trade to take off, initial and future success is assured. A exporter is someone who sells goods or services in a foreign market in order to make profit.
1.2 Typed Classification of Exports.
I Export merchant: An export who buys goods or products for export fiom manufacturers and producers within the country.
Ii Manufacturing Exporter: A company which apart fiom manufacturing certain products is also exporting the product.
—- Current company tax clearance certificate.
—- Evidence of registration of the regulated products with NAFDAC
1.3 Niperia Export promotion council (NEPC)
The Nigeria export promotion council (NEPC) was established Through the promulgation of the Nigerian export promotion council Act No26 of 1976 and formally inaugurated in March, 1977. This Act was amended by the decree no 41 of 1988 and complemented by the export (incentives and miscellaneous provisions) decree no 18 of 1986.
Furthermore, the Nigeria export promotion council amendment decree no 64 of 1992 was promulgated to enhance the performance of the council
by minimizing bureanoratic bottlenecks and increasing autonomy in dealing with member of the organization private sector.
According to the Nigeria export promotion council (NEPC) guidelines effective April 1,1996, any firm wishing to engage in export trade is required to be registered with the NEPC. Registration with NEPC requires the submission of a copy each of memorandum and articles of association, tax clearance certificate and c.o.7 and the payment of +41,000,00 cash. With respect to any consignment.
Requirements exist for (NEPC)
— All exports from the country must be on the basis of letter of the credit as payment mode.
— Exports are to operate domiciliary accounts with any bank.
— All exports are subject to pre-shipment inspection by accredited 1 approved inspection agents in order to verify such particulars as quantity and
price of the goods etc.
— A clean certificate of inspection is to be issued if the consignment meets the pass-mark of the inspection. On the other hand if the consignment is verity not approved a non-negotiable certificate of inspection is issued. This creates clearing problem for the inspection aboard.
Make the non-oil export sector a significant contributor to Nigeria’