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Exports In The Life Of A Nation
by Olufemi Boyede MD/CEO Koinonia Ventures Ltd. 
Paper Presented At  The Institute Of Export Of Nigeria’s (IOEN)
Award Day May 20th, 2004

INTRODUCTION

CURRENT GLOBAL ORIENTATION 
Economic and Commercial warfare for product market share
Geographical market conquest and presentation
Steady product innovation, development and production 
Organized show-casing of national creative capabilities and opportunities
Creation and deployment of competitive advantages.
Global diffusion of satisfaction and comforts
Operational simplification of product flows.
Horizontal partnerships for wealth creative
People-prosperity as a source of world peace and democratic stability (AGOA).
Increased information and knowledge flows leading to increased production worldwide.
Global contact & proximity of nations, peoples, markets, products, services.


VISIBLE EFFECTS OF THESE ORIENTATIONS

Increased productions
Increased global competitions
Increased global needs and tastes of people
Increased drive by nations to send their production to centres of needs.
Beneficial and desirable mission of exports worldwide


CATEGORIES OF EXPORT

Oil Exports
Non-oil exports
Services Export


EXPORT IN THE LIFE OF THE NIGERIAN NATION

A. Benefits to private companies doing export business
- Earning of foreign exchange income
- Positive corporate reputation, visibility and image of export companies.
- Attraction of public sector incentives, support and attention
- Increase in scope of business activities
- Improved international management practices (Product quality, organization, operation, negotiation etc
- Creation of new export companies
- Powerful reference for other companies

B. Benefits to the National Economy
- Creation of export-oriented companies 
- Creation of more jobs
- Creation of export-related activities
- International Visibility of Nigeria's Economy and products.
- Integration of Nigeria’s Economy with global economy.
- Earning of foreign Exchange Income.
- Improvement in the balance of Payment
- Creation of an export sector
- Increase in aggregate national production.
- Vector of economic growth (export-led economic growth)

C. Benefits to Nigerians Working in Export Related Activities
- Intelligence and speed needed in international market
- Courage to face international markets
- Pride to win new markets and retain existing ones
- Confidence in operational capability
- Solid experience in operations and logistics management, spirit of adventure, of taking on calculated risks or ability to experience the unique.
- International exposure, culture and learning.
- Conquering spirit for international market
- International friendliness


PERCEIVED UNDESIRABLE ASPECTS OF EXPORTS

- Exports attract Imports
- Exports increase global competition
- Excessive exploitation of world resources (environmental degradation)
- Exports can put pressure on Nations to contribute more to global projects
- Capable of creating Domestic Scarcity and starving local and users of inputs.


CONCLUSION

Exports are beneficial to a nation’s economy, its people and corporate organizations. 
Exports and their related activities make a nation and its people more prosperous,intelligent and better adjusted to global standards and civilization. 
Export-led growth and prosperity is the most durable model of economic growth for any nation.
Nigeria needs to engineer its economic growth on exports, especially non-oil.

© Copyright Koinonia Ventures Limited, 2006