ROLE OF NIGERIA EXPORT PROMOTION COUNCIL IN INTERNATIONAL PURCHASING

ROLE OF NIGERIA EXPORT PROMOTION COUNCIL IN INTERNATIONAL PURCHASING

ABSTRACT

International purchasing is one of the major ways a country relates with other countries. It not only encourages or build relationship with these countries it builds the economy of a nation. International purchasing is not an individual thing. It requires a nation to set up a committee or council to organize and monitor international purchasing. This is why in Nigeria, the government established Nigerian export promotion council to be in charge of international purchasing. They are charged with the responsibility of:
a. Promoting the development and diversification of Nigerian export trade.
b. Publishing and servicing trade enquires.
c. Organizing trade exhibitions to expose exporters in the international scenes.
d. Organizing forum to discuss and enlightens NEPC though they are charged with these responsibilities; they encounter some difficulties that make their work difficult, causing people to believe that they are not relevant. Therefore, bearing this in mind, this research is aimed at proving that NEPC plays their role effectively and also relevant, and proffer solution that may help NEPC to improve the service it renders. This will make them play their role effectively and make them more relevant.

CHAPTER ONE

1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY 
Purchasing activity is a very important activity in every aspect of life. Purchasing is being carried out by individuals, co-operate bodies, manufacturing organizations, etc and as a matter of fact, needs to be studied very closely. Purchasing in most manufacturing organizations and co-operate bodies engage in international purchasing and as a matter of fact are been guided by rules and regulations which are related to buying and selling abroad. In this study, analysis will be on the role of Nigeria export promotion council in international purchasing. The export promotion council have its main concern in the activities of the international market as it relates to Nigeria as an entity. This body will be viewed from the points of the purchaser and how the activities affect purchasing abroad. The council was established in 1979 by the federal military government under Decree No. 72 of 1979 is guided by some rules and regulations, which exporters must keep to and with existing rules to be adhered to by exporters. The purchasers also in their own side are influenced by these rules because what is available in the market is what they have the chances of purchasing from the international market for their organizations.

ROLE OF NIGERIA EXPORT PROMOTION COUNCIL IN INTERNATIONAL PURCHASING