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EXPORT MANUFACTURING- a strategic imperative for Nigeria.pptx

  1. 1. Manufacturing For Export. A Strategic Imperative 6/15/2016 1 DA/ICAN 2016
  2. 2. Objectives  Discuss the opportunities and economics of Export Manufacturing  Explain the regulatory requirements for Export Manufacturing  Identify the strategies for success and compliance  Discuss the challenges and possible solutions  Evaluate available incentives for Export Manufacturing At the end of this presentation, participants will be able to:- 6/15/2016 2 DA/ICAN 2016
  3. 3. Contents  Overview of Nigerian Export Manufacturing  Opportunities in Export Manufacturing  Incentives and Economic Benefits  Managing the Challenges of Export Manufacturing  Practical Strategies for Success and Compliance  Best Practices – Using Resources Available for Exporters  Case Study/Conclusions 6/15/2016 3 DA/ICAN 2016
  4. 4. 4 What is Hippopotomonstrosesquippedaliophobia the fear of…………? “fear of long words” Phobia the fear of something.
  5. 5. Participation What you put in is what you get out 5  "Tell me, I will forget.  Show me, I may remember.  Involve me, I will understand." ~Chinese Proverb
  6. 6. Contents  Overview of Nigerian Export Manufacturing  Opportunities in Export Manufacturing  Incentives and Economic Benefits  Managing the Challenges of Export Manufacturing  Practical Strategies for Success and Compliance  Best Practices – Using Resources Available for Exporters  Case Study/Conclusions 6/15/2016 6 DA/ICAN 2016
  7. 7. Overview of Nigerian Export Manufacturing. • Class Quiz • Definitions • Overview 6/15/2016 7 DA/ICAN 2016
  8. 8. TRUE OR FALSE! • Economic growth = Gross Domestic Product (GDP) in one year GDP = total amount of final goods and services produced in one year. Higher GDP = Better the quality of life Human Capital = the Value that humans bring to the marketplace The more capital goods a country has = the more money they can make! The more entrepreneurs a country has, the higher the country’s GDP will be? 1 2 34 5 6 • TRUE • TRUE • TRUE • TRUE • TRUE • TRUE
  9. 9. Capital Goods :- All of the factories, machines, technologies, building and Property needed by businesses to operate. Every Investments in Capital Goods impacts the Country GDP. The More Capital Goods a Country has = The More goods they can produce= the more money is made.
  10. 10. Basic Definitions: • What is an Export ?  An export is a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. 6/15/2016 10  The ability to export goods helps an economy to grow by selling more overall goods and services.  The sale of such goods adds to the producing nation's gross output.  Exports are one of the oldest forms of economic transfer, and occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies.
  11. 11. Basic Definitions: • What is Manufacturing?  Any Operation that uses components, parts or raw materials to make a finished good. These finished goods can be sold directly to consumers or to other manufacturing businesses that use them for making a different product. 6/15/2016 11 DA/ICAN 2016  Manufacturing businesses in today's world are normally comprised of machines, robots, computers and humans that all work in a specific manner to create a product.  Manufacturing plants often use an assembly line, which is a process where a product is put together in sequence from one work station to the next. By moving the product down a production line.
  12. 12. Basic Definitions: • Export Manufacturing?  Is the production of Goods for Export to earn Value for the Economy of a nation. 6/15/2016 12 DA/ICAN 2016  Using majorly, locally sourced resources./ (Gift of Nature)  Resources described in 5M’s mainly as:  Materials  Value’s are described in  Manpower  Money  Machines  Methods.  Gross outputs/GDP
  13. 13. Basic Definitions: • Gift of Nature? 6/15/2016 13 DA/ICAN 2016  Natural Resources important to Country  This Resources are transformed to produce Goods and services at cheaper cost.  Countries with more resources can trade them with other country to make more money for the economy
  14. 14. Nigeria's Gift of Nature? 6/15/2016 14 DA/ICAN 2016 Cement production Limestones- Ogun state has the largest deposit, others are Kogi state, Edo state, Cross River state Enugu state and Ashaka in Gombe state Tomato production Kano, Jigawa, Katsina, Zamfara, Sokoto, Kaduna, Bauchi, Gombe, Taraba.
  15. 15. Nigeria's Gift of Nature?15 Oil Palm production The main oil palm producing states are: Cross River, Akwa Ibom, Ekiti, Delta, Bayelsa, Ogun, Rivers, Anambra, Ondo, Enugu, Imo, Oyo, Abia, Edo, Ogun, with Cross River, Delta, Ondo and Edo Highest producing states in the country are : Ondo, Osun, Cross River, Ekiti, Oyo, Edo, Ogun Cocoa production
  16. 16. Nigeria's Gift of Nature?16 Bitumen / Oil Sand reserves Bitumen deposits are found in Lagos State, Ogun State, Ondo State, and Edo State. Groundnut production Niger, Kano, Jigawa, Zamfara,Kebbi, Sokoto, Katsina, Kaduna, Adamawa, Yobe, Borno, Taraba, Plateau, Nasarawa, Bauchi, and Gombe States
  17. 17. Basic Definitions: A company which apart from manufacturing certain products is also exporting the product. This company might sell the same product for local consumption but also sells the same in other countries too for profit. Examples: Dangote , Unilever, 7UP, PZ etc. • Manufacturing Exporter ? 6/15/2016 17 DA/ICAN 2016
  18. 18. Facts : Nigeria’s non-oil export up by 50% – NEPC Product FOB Value 1. Cocoa & Cocoa Preparations $417,900,987 2. Processed Leather $333,011,697 3. Rubber $143,871,586 4. Cashew Nuts & Edible Fruits $55,363,190 5. Plastics, Polybags $53,491,233 6. Sesame Seeds & Oil $104,054,165 7. Aluminum & Articles $64,022,090 8. Sea Foods $48,141,669 9. Cotton Yarns & Woven Fabrics $31,754,740 10. Gum Arabic $37,154,951 11. Others $539,934,012  Nigeria earned a staggering $3 Billion from non-oil exports in 2011. About N468 Billion. 6/15/2016 18 DA/ICAN 2016
  19. 19. Facts: NBS Reported - 2015 Wasn't Bad for Manufacturers  Sector contributed N8.97 trillion to the nation's economy in 2015,  Up by N28 billion compared to the N8.69 trillion in in 2014 (GDP). 6/15/2016 19 DA/ICAN 2016 Oil refining dropped N248.02B in 2015 vs N385.82B in 2014. Cement production N749.93B in 2015 vs N604.61B in 2014. Food, beverages and tobacco N4.29 trillion in 2015 vs N4.24 trillion in 2014. Textile, apparel, and footwear N1.87 trillion in 2015 vs N1.82 trillion in 2014.
  20. 20. Facts: • Nigeria Manufacturing Activities ..! Have significant impact on the economy of a nation. Accounts for a substantial proportion of total economic activities. Accounts for about 10% of the national GDP annually Creates employment about 12% of the labour force in the formal sector of the nation’s economy. 6/15/2016 20 DA/ICAN 2016
  21. 21. Export Manufacturing – A strategic Imperative? The ‘zero oil’ plan and an export revolution 6/15/2016 21 DA/ICAN 2016 The Nigerian Case.!
  22. 22. Nigerian Case Story - An export revolution and the Zero Oil Plan. • Oil is down! Pressure on the Naira! Slowing growth! What will Nigeria’s response be? • This is the chatter all across the country on shop floors, in markets, within business circles, and in classrooms. • A close look reveals we may be focusing on the symptoms and not the cause. • Nigeria does not have an oil price problem, Nigeria has a “failure to export” problem! • We have little control over the ups and downs in global crude oil markets • What we do control however is what Nigeria chooses to export, and where we choose to make money internationally. Export Manufacturing – A strategic Imperative? 6/15/2016 22 DA/ICAN 2016
  23. 23. “Nigeria must begin to behave as if we have no more oil”. –PMB 2015 • Hence the need for a Zero Oil economic agenda, essential to build a strong Nigerian economy for the future. • For years Nigeria has imported thousands of goods worth over US$50 billion a year, which we pay for mainly with crude oil proceeds of over US$70 billion each year. • In the past two years crude oil prices have fallen 60% and Nigeria’s earnings have likewise fallen by at least US$35 billion, inevitably leaving a financial hole in the economy. Export Manufacturing – A strategic Need? 6/15/2016 23 DA/ICAN 2016
  24. 24. • The pressing question now is how to fill this funding gap- and the answer is simple: • Nigeria must find new things to export quickly, in large commercial scale.  If Nigeria broadens and grows its export basket, a positive chain reaction ricochets throughout the economy.  The logic follows – when you grow exports, national output (agriculture, industry, solid minerals) will also grow; local businesses will grow; supporting infrastructure will expand; and jobs and investments will definitely follow.  The overall macro impacts result in growing foreign reserves (from export forex) and a more resilient economy is assured. Export Manufacturing – A strategic Need? 6/15/2016 24 DA/ICAN 2016
  25. 25. • Our country for decades has primarily exported one product, crude oil, which really is a perishing asset. • It is for this reason that the government prioritizes Nigeria’s economic diversification. • – the Zero Oil plan. • What else could we export? Who would buy? How much could we make? • These are the questions to be answered under any roadmap to change this age-old dependence on one single export commodity. Export Manufacturing – A strategic Need? 6/15/2016 25 DA/ICAN 2016
  26. 26. Export Manufacturing: - How are we focusing local efforts with Industrialization.? The NIRP is promoting Nigeria's industrialization: Focusing on labor intensive low and medium technology manufacturing Building up core base industries that are essential for advanced industries. Using the large Nigerian market demand to deepen industrial capacity of local firms.  Strategically using key manufacturing sectors as technology drivers of the economy 6/15/2016 26 DA/ICAN 2016
  27. 27. 6/15/2016DA/ICAN 2016 27 #Budget 2016- Current Nigeria Plan
  28. 28. Exporting- What are the Basic Requirement.? 1. Registered Business name and Office 2. Registration with the NEXP 3. Registration of Form NXP 4. Special licenses and permits-Local 5. Licenses from target foreign country 6. Tax certificates 7. Insurance covers 6/15/2016 28 DA/ICAN 2016
  29. 29. 6/15/2016DA/ICAN 2016 29 “The best way to predict the future is to invent it.” - Alan Kay, father of the personal computer
  30. 30. 6/15/2016DA/ICAN 2016 30 - Vince Lombardi “Dictionary is the only place that success comes before work.” Where Can you find success before work.????
  31. 31. Contents  Overview of Nigerian Export Manufacturing  Opportunities in Export Manufacturing  Incentives and Economic Benefits  Managing the Challenges of Export Manufacturing  Practical Strategies for Success and Compliance  Best Practices – Using Resources Available for Exporters  Case Study/Conclusions 6/15/2016 31 DA/ICAN 2016
  32. 32. 6/15/2016DA/ICAN 2016 32 Men cannot not live by exchanging articles, but producing them. They live by work not trade. - John Ruskin  WEF- Productivity and Prosperity Report SWOT SECTORIAL OPPORTUNITY CURRENT FOCUS HOME MADE CONSUMPTIONS Opportunities in Export Manufacturing:
  33. 33. Global Competitiveness Index: Top 9 in Africa 9243 58 71 99 96 Tunisia South Africa Ivory Coast Kenya Rwanda Botswana Morroco Algeria Zambia 91 72 87
  34. 34. Global Competitiveness. - the 10 Golden Rules..! Provide a stable and predictable legislative environment Maintain linkage between wage levels and productivity Create a flexible and resilient economic structure Ensure quality, speed and transparency of governance Make investments in traditional and technological infrastructure Make the country an attractive place for Foreign Direct Investment Encourage private savings and domestic investment Make the country an aggressive exporter 34 Invest heavily in education and regular training of workforce. Maintain a balance between local and global activities. Source:www.imd.ch
  35. 35. 35 •Abundant raw materials , ~ 44 solid minerals in commercial quantity •Large market, ~ 170m,  7th most populated in the world , /#4 by 2050,  USD100bn consumer spend pa •Strategic location (Gulf of Guinea) •Abundant labour, ~ 69m, largest in Africa •International /regional political clout Opportunities in Export Manufacturing: Analysis  Current STRENGTHS 6/15/2016DA/ICAN 2016
  36. 36. 36 •Infrastructure deficit/high cost of doing business •High interest rates/ cost of capital •Policy inconsistency •Few/No institutions to drive industrialization •Low industrial skills and innovation •Low consumer purchasing power •Low patronage of ‘Made in Nigeria’ goods Opportunities in Export Manufacturing: Analysis  Current WEAKNESSES 6/15/2016DA/ICAN 2016
  37. 37. 37 •Potential to be #1 in Africa •Build up labour-intensive sectors. •Produce locally for domestic consumer market •Become the manufacturing hub for Ecowas & Africa •Attraction of Investments •Diversified Exports Opportunities in Export Manufacturing:Analysis  Current OPPORTUNITIES 6/15/2016DA/ICAN 2016
  38. 38. 38 Opportunities in Export Manufacturing: Analysis  Current THREATS •Recent large oil/gas discoveries globally •Increased competition on industrialization •Trends in trade policies – globalization & regionalization •Insecurity 6/15/2016DA/ICAN 2016
  39. 39. Opportunities in Export Manufacturing: Agriculture  Agro Allied  Agro Processing  Raw materials Processed and Packed Foods  Live stocks  Beverages  Food and Drugs Metals and Solid Minerals  Iron ore  Coal  Bitumen Petro Chemicals( oil and Gas Related.) Light Manufacturing and Constructions We abandoned agriculture, for petroleum; Now, we have to go back – Buhari 6/15/2016 39 DA/ICAN 2016
  40. 40. Opportunities in Export Manufacturing: Development and Growth Opportunity  Micro/Small/Medium Enterprise. Nigeria Current Focus  Solid minerals  Agriculture. NEPC Researched and confirmed Nigeria has Over 5000 Exportable Products. 6/15/2016 40 DA/ICAN 2016
  41. 41. Opportunities in Export Manufacturing: Nigeria Focus- Solid minerals and Agriculture.  Nigeria can generate N5trn annually from solid minerals — Ass of Metal exporters/ Vangaurd News 2016  Nigeria’s global agriculture exports could take-off at a rate similar to Brazil’s, with $59 billion in export revenues by 2030. - PwC report.  If we take agriculture seriously and deliberately build our capacity in production, processing and marketing of agricultural products, we can generate and earn $40bn annually as revenue.” -Experts We abandoned agriculture, for petroleum; Now, we have to go back – Buhari 6/15/2016 41 DA/ICAN 2016
  42. 42.  Nigeria exports primarily crude oil and gas. Importing value-added petroleum based products. Therefore, enormous opportunities exist for the Oil & Gas sector Export Manufacturing. Investing heavily in Petrochemicals, Methanol, Fertilizers, Refineries, and other Gas based processing activities is Imperative. Nigeria Oil and Gas. Opportunities in Export Manufacturing: 6/15/2016 42 DA/ICAN 2016
  43. 43. Will you buy Made in Nigeria Goods? 6/15/2016 43 DA/ICAN 2016
  44. 44. #Charity Begins @ Home…! Do we want made in Nigerian Goods.? NOI recent public poll suggest YES…! About 97 per cent of Nigerians have said they would buy locally made products in order to strengthen the country's economy. 6/15/2016 44 DA/ICAN 2016
  45. 45. #Charity Begins @ Home…! Do we want made in Nigerian Goods.? NOI recent public poll suggest YES…! 6/15/2016 45 DA/ICAN 2016
  46. 46. #Charity Begins @ Home…! Do we want made in Nigerian Goods.? In conclusion,  This poll has clearly revealed some cheering findings indicating the willingness of Nigerians to buy made in Nigeria products.  Economic climate for local manufacturers needs focused Improvements.  Power and support Infrastructures.  Limited access to credit  High cost of funds.  However, with concerted efforts on policies targeted towards the power sector, access to finance and currency stability, the manufacturing sector may be able to bounce back from the woods. 6/15/2016 46 DA/ICAN 2016
  47. 47. 6/15/2016DA/ICAN 2016 47
  48. 48. Contents  Overview of Nigerian Export Manufacturing  Opportunities in Export Manufacturing  Incentives and Economic Benefits  Managing the Challenges of Export Manufacturing  Practical Strategies for Success and Compliance  Best Practices – Using Resources Available for Exporters  Case Study/Conclusions 6/15/2016 48 DA/ICAN 2016
  49. 49. What are the Incentives and Economic Benefits of Exporting Nigerian Manufactured Goods.? Macro Economic Goals. Employment Generations Infrastructural Expansion and development Technology Development Tax Incentives Export grants ie Export Expansion Grant 6/15/2016 49 DA/ICAN 2016
  50. 50. What are the Incentives and Economic Benefits of Exporting Nigerian Manufactured Goods.? Export Expansion Grant:  Created to complement export promotion drive.  Supported by an ACT of Law since 1986. -Export Incentives and Miscellaneous Provisions Act detailed as •Export Development Fund •Export Expansion Grant •Export Adjustment Scheme Fund  Export Expansion Grant (EEG) is still Operational and administered by the Nigerian Customs Service (NCS).  EEG is issued to non-oil exporters to reduce production, distribution and logistics (Production) costs which will enable them compete effectively in the international market. 6/15/2016 50 A/ICAN 2016
  51. 51. What are the Incentives and Economic Benefits of Exporting Nigerian Manufactured Goods.? Export Expansion Grant:  The grant ranges from 10 per cent to 30 per cent of the Freight On Board value of the products being exported with a confirmation that the export proceeds have been repatriated.  The amount received by the exporter also depends on the categorization of the exporter among others.  EEG was paid to beneficiaries in cash.  From 1999, the grant came in form of Negotiable Duty Credit Certificates (NDCCs) issued by the NCS.  The NDCC is a negotiable instrument that can be used to settle or reduce import and Excise Duties. 6/15/2016 51 DA/ICAN 2016
  52. 52. Contents  Overview of Nigerian Export Manufacturing  Opportunities in Export Manufacturing  Incentives and Economic Benefits  Managing the Challenges of Export Manufacturing  Practical Strategies for Success and Compliance  Best Practices – Using Resources Available for Exporters  Case Study/Conclusions 6/15/2016 52 DA/ICAN 2016
  53. 53. The Challenges of Export Manufacturing Includes:  Capital  High cost of fund  Lack of long term facility  Government Policy.  Enabling Environment  Investment Promotions and Incentives  Product Standards and Local Patronage.  Processing and Packaging  Safety and Quality standards. 6/15/2016 53 DA/ICAN 2016
  54. 54.  Skills and Technology  Industrial Skills  Machinery and Technology acquisitions and exploits  Infrastructural Deficit  Power, Power and Power.  Transport- Rail, Road and Sea.  Export Rules and Regulations  Business rules and regulations  Legal requirements The Challenges of Export Manufacturing Includes: 6/15/2016 54 DA/ICAN 2016
  55. 55. Contents  Overview of Nigerian Export Manufacturing  Opportunities in Export Manufacturing  Incentives and Economic Benefits  Managing the Challenges of Export Manufacturing  Practical Strategies for Success and Compliance  Best Practices – Using Resources Available for Exporters  Case Study/Conclusions 6/15/2016 55 DA/ICAN 2016
  56. 56. Export Manufacturing- Practical Strategies for Success and Compliance Establish Manufacturing Centers • Focus Small-Medium-Large Industries • Focus on simple to complex products • Satisfy local markets before others. • Exploit Export processing platforms. 6/15/2016 56 DA/ICAN 2016
  57. 57. Export Manufacturing- Practical Strategies for Success and Compliance Exploit Trade Shows and Manufacturers forums • Platform to brings together All stake holders • Producers platforms for best practice and common challenges. Expand Research and Focus Product Presentations • Designs and Packaging • Safety and Quality Standards 6/15/2016 57 DA/ICAN 2016
  58. 58. Exploit and Follow Governance Requirements. • Export Documentations and Regulatory compliance (eg SON) • Export Promotions Explore and Exploit Globalizations and Technology • Adopt Global Best practices • Use and Exploit Technology • Deploy Representations and administrations in Foreign markets. • Education, Research and Training for Highly Skilled Labor Export Manufacturing- Practical Strategies for Success and Compliance 6/15/2016 58 DA/ICAN 2016
  59. 59. The SON Certifications: Before a product is certified for local consumption or for export, it is required that such product should pass through what we call  Mandatory Conformity Assessment Programm, MANCAP (Local product),  Standard Organization of Nigeria Conformity Assessment Programm, SONCAP, (Importing and Exporting standards).” To assure credibility and values for acceptance in the global market 6/15/2016 59 DA/ICAN 2016
  60. 60. The SON Certifications  The Conformity exercise combines document verification, sample collection for lab analysis, and physical inspection to assess the conformity of each shipment. If conformity is established, a mandatory Certificate of Conformity (COC)  The certificate prevents the shipment from being rejected and allows importers to clear their goods efficiently. To assure credibility and values for acceptance in the global market 6/15/2016 60 DA/ICAN 2016
  61. 61. The SON Certifications Conformity assessment programs provide numerous advantages for both Governments as well as exporters and importers.  For Governments Eliminates customs bottlenecks in importing country  Reduces storage issues at ports  Guarantees all imported products are compliant with international & local standards  Reinforces consumer safety  Builds local customs competencies through training and capacity building programs  Ensures conformity with WTO Technical Barriers to Trade agreement  For Exporters / Importers Faster Customs clearance •Reduces need for local laboratory analysis or additional testing •Offers better consumer protection against dangerous, substandard or counterfeit products •Protects local industry from unfair competition due to poor quality imports 6/15/2016 61 DA/ICAN 2016
  62. 62. Contents  Overview of Nigerian Export Manufacturing  Opportunities in Export Manufacturing  Incentives and Economic Benefits  Managing the Challenges of Export Manufacturing  Practical Strategies for Success and Compliance  Best Practices – Using Resources Available for Exporters  Case Study/Conclusions 6/15/2016 62 DA/ICAN 2016
  63. 63. Best Practices – Using Resources Available for Exporters-On hand help from NEPC 1. Provide a list of Exportable Products 2. Provides technical support to exporters in the following areas •Ensure proper documentation of export transactions •Business Registration and inclusion in data base. •Quality and Standards- monitors the quality and standards of products. •Payment-: helps suggest the best and most secure payment methods. •3. Organize Trade Fairs and Exhibitions . 6/15/2016 63 DA/ICAN 2016
  64. 64. Best Practices – Using Resources Available for Exporters- On hand help from NEPC 4. Bring Exporters together 5. Provides information on product sourcing - information on where to find exportable products in Nigeria. 6. Administer Grants and Incentives - Registered Exporters can easily access grants -Exporters of agricultural products receive a lot of incentives regularly. 7. Help to simplify the export procedure - Mostly for starters. . 6/15/2016 64 DA/ICAN 2016
  65. 65. Best Practices – Using Resources Available for Exporters- On hand help from NEPC .8. Carry out research and studies - regular studies and research. 9. Help to solve problems -go-to agency for complaints and solutions. 10. Create awareness and publicity - local and international advertisements. 11. Provide Financial Support - useful information on where to get loans easily. -May also give guarantee on loans. 6/15/2016 65 DA/ICAN 2016
  66. 66. Contents  Overview of Nigerian Export Manufacturing  Opportunities in Export Manufacturing  Incentives and Economic Benefits  Managing the Challenges of Export Manufacturing  Practical Strategies for Success and Compliance  Best Practices – Using Resources Available for Exporters  Case Study/Conclusions 6/15/2016 66 DA/ICAN 2016
  67. 67. The Ghana Case Of Cocoa The cocoa industry has been the mainstay of the Ghanaian economy and provides the second largest source of export earnings representing about 30 percent of Ghana's total export earnings. Ghana is presently the world’s second largest producer of cocoa beans, after the Ivory Coast. According to the Bank of Ghana, cocoa bean and products export receipts for the first quarter of 2011 is $859.4 million, accounting for about 61 percent of total export earnings as compared with $682.5 million at 48.8percent in 2010. Source: Annual Cocoa Report 2012. 6/15/2016 67 DA/ICAN 2016
  68. 68. Manufacturing will remain the strongest differential when countries are rated on their competitiveness. Trend In Global Manufacturing. “Manufacturing competitiveness, increasingly propelled by advanced technologies, is converging the digital and physical worlds, within and beyond the factory to both customers and suppliers, creating a highly responsive, innovative, and competitive global manufacturing landscape,” --Craig Giffi, Deloitte US Consumer & Industrial Products Industry group 6/15/2016 68 DA/ICAN 2016
  69. 69. Trend In Global Manufacturing.  The Manufacturing sector contributes over 17% of the world’s US$ 70 tr economy, & accounts for over 70% of global trade.  Poor countries start off by employing the bulk of their population in agric.  To transition into middle income/developed markets, there is need to create a robust industrial & services sectors, which are the drivers of mass employment, improved skills, & better wages, providing the foundations for long run sustainable economic growth & advancement  Increasingly the manufacturing sector drives the creation of service sector jobs. In advanced markets, 30% to 55% of service jobs are related to the manufacturing sector. 6/15/2016 69 DA/ICAN 2016
  70. 70. Trend In Global Manufacturing. The 2016 Global Manufacturing Competitiveness Index forecasts that the top eleven countries will remain consistent between now and 2020, with some exchange of rankings. 6/15/2016 70 DA/ICAN 2016
  71. 71. Summing Up: Strategically, Export Manufacturing has more sustainable Potential to Grow the Nations Economy. Grow and Sustain the nations GDP Create sustainable Employments Create relative Currency Strength(Value). Foster Developed Infrastructure. Stop Rural –Urban Migration and create even development Foster Human Capital Development to match needs Promote acquisition and expansion of Skills and Technology FocusingonExportManufacturing willCreateIndustries……! 6/15/2016 71 DA/ICAN 2016
  72. 72. Summing Up: Strategically, Export Manufacturing has more sustainable Potential to Grow the Nations Economy. Industry Multiplies Nations 6/15/2016 72 DA/ICAN 2016
  73. 73. 73 What..When..Why..?#WWW?? “If you’re not confused, you’re not paying attention.” -Tom Peters
  74. 74. END: Thank You. Engr Dele Abioye MNSE 6/15/2016 74 DA/ICAN 2016
  75. 75. Data and References Acknowledgements.  NEXIM- Nigerian Import and Export Bank  BOI- Bank Of Industry  SON- Standard Organizations of Nigeria.  MAN- Manufacturing Associations of Nigeria.  NAFDAC-National Food and Drug Admin. Control  NEPC-Nigerian Export Promotion Council  NBS- Nigerian Bureau of Statistics.  NIRP- Nigerian Industrial Revolution Plan 6/15/2016 75 DA/ICAN 2016

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