NEPC trains participants on method of payment in export trade

By Golok Nanmwa, Jos

The Nigerian Export Promotion Council (NEPC), on Thursday said that it is important for exporters to offer their foreign partners attractive sales terms supported by the appropriate payment methods to minimize the payment risk while also accommodating the needs of the buyer .

The council noted that lack of basic information and education on its activities have adversely hampered registered exporters from benefiting from the export drive put in place by the federal government.

The North Central Coordinator of NEPC, Mr. Monehin Oluwole, disclosed this at a one-day sensitization workshop on method of payment in export trade organized by the trade information department of the organisation held at Nigerian Institute Geomining Sciences, Jos.

Monehine said that the workshop is another testimony of the importance NEPC attaches to the development and diversification of the non oil sector of the economy through coordinated strategic enlightenment programme.

In his words, “It is one of such strategic programmes being carried out by the council in order to increase awareness level of stakeholders in order to promote increase and diversify the basket of Nigeria Non Oil Export trade .

“This development has impacted negatively on their export business due to the information gap, which many registered companies are suffering and are unable to export their products.

“Most of our exporters who registered do not follow the rudiment associated with export trade because the export business is dynamic. It changes all the time. What you know today may not be relevant tomorrow as such, what NEPC is doing is to upgrade them so that they can face the challenges in this pandemic period, he added.

According to the coordinator, the workshop has drawn together relevant stakeholders and resources persons with vast knowledge and wealth of experience on the theme of the day to expose participants to payment methods in export sales contracts.

He further explained that with these programmes, the Participants would be able to gain some knowledge on the activities of the council to be conversant with the dynamics of export trade.

“It is important that at the end of this workshop today, participants would have been enlightened on what it takes to make appropriate choices of payment methods in their international bussiness transactions in order to favourably compete in the global market”, Monehine concluded.

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NEPC trains participants on method of payment in export trade

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