Increase the value!

It is a general knowledge that Nigeria imports virtually everything consumed within her territories with the United States, China and India leading other countries as source of goods consumed in Nigeria. It is also a general knowledge that we even import products we can readily produce. As a country that has so much of agricultural and natural resources, we however export some minute quantities of our agricultural produce especially to Europe and China.

The problem, however, is that the goods that leaves the Nigerian borders are usually in the same way they left the farm. No value is usually added to them thereby reducing the monetary values as well as foreign exchange value accruing to government. Also, if we start adding little values to product thereby transferring them from the primary goods product to secondary goods, we would have succeeded in creating employment as well as new value chains. It will lead to diversification of the economic. It will also lead to reduction in our importation value because we would have produced some of the products we import into the country.

Every prospective/active entrepreneur who is into exportation should ensure to check up the standards for each of the goods they export so as to work towards them. They should also liaise with some of these foreign partners to add more values to our agricultural raw materials. Reading up some research material will go a long way.

 The country should also make sure that we ban goods we have develop capacity to develop as well as make sure that foreign shopping mail on our soil accept our goods for display. Standard should also be ensured so as to meet European Union standards as well as other standards. The standard becomes essential because the European Union has been claiming foul as pertaining doing business with Nigerians. Once again, add value and get more dividend of customer’s satisfaction.