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.::Nigerian Export Laws::.

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Nigerian Export Laws and Agencies mandates

The Nigerian Government Export Agencies are currently striving to meet their statutory mandates and contribute to achieve the NEEDS 10% growth in non-oil exports. Details of the Agencies' Laws (Decrees) and mandates are presented as follows:

 

Federal Ministry of Finance (FMF)

Nigerian Customs Service (NCS)

Federal Ministry of Commerce (FMC)

Nigerian Export Promotion Council (NEPC)

Nigerian Investment Promotion Council (NIPC)

Nigerian Export-Import Bank (NEXIM)

National Agency for Food and Drug Administration (NAFDAC)

 

FEDERAL MINSTRY OF FINANCE                                       Top of Page

MANDATE

The Federal Ministry of Finance (FMF) carries out the following responsibilities:

1 Formulates of the monetary and fiscal policies of the Nigerian economy.

2 Determines of loans/advances for production.

Determines the cost of money/exchange rate.

Makes Policies to contact inflation.

Collaborates with various multinational financiers in the implementation of projects, e.g., I.M.F, Word

  bank, ADB, etc.

6 Keeps record of financial allocation to the various tiers of government and agencies.

7 Disburses of grants (domestic and foreign)

8 Prepares of annual budget.

Currently, it initiates and implements export policies and incentives including the New Export Expansion Grant EEG in collaboration with the Nigerian Export Promotion Council (NEPC).

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NIGERIAN COSTOMS SERVICE                                   Top of Page

DECREE AND MANDATE

Nigerian Customs Service (NCS) derived its role from laws as contained in section 45-58 of the customs and exercise management act of 1958.

Mandate:

§         Controls and managing the administration of the customs and excise laws.

§         Collects of revenues of customs and excise (as stipulated  in the customs and exercise / tariffs consolidation act) and accounting for same in such manure as may be directed.

§         Carries out anti-smuggling  operations at the ports and borders in order to forestall importation and exportation of contrabands and goods injurious to the health and security of the nation.

§         Provides useful inter-agency cooperation  with other agencies of government such as Nigerian Police ,NDLEA, NAFDAC,etc

§         Acts as trade facilitator.

§         Handles trade procedures and documentation.

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FEDERAL MINISTRY OF COMMERCE                           Top of Page

MANDATE

The Federal Ministry of Commerce (FMC) is responsible for articulating of trade policies for Nigeria within the world trade organization framework.

It is also charged with the following responsibility:-

1         Export through the NIGERIAN Export Promotion Council (NEPC)

2         Import

3         Foreign exchange management

4         External trade

5         Domestic trade

6         Weight  and measures

7         Trade malpractices

8         Consumer protection council.

9         Nigerian Export Processing Zones.

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NIGERIAN EXPORT PROMOTION COUNCIL                 Top of Page

DECREE AND MANDATE

 The Nigerian Export Promotion Council (NEPC)  was established through the Nigerian Export Promotion Decree  No. 26 of 1976 with the following.

  MANDATE

1.       To promote the development and diversification of Nigeria's export trade.

2.       to assist in promoting the development of export-related industries in Nigeria;

3.       to spearhead the creation of appropriate export incentives; 

4.       to actively articulate and promote the implementation of export policies and programmes of the Nigerian government.

 it implements its mandate under four key tasks, namely:

1                     Export development

2                     Export financing and incentives

3                     Human resources training and development

4                     Coordination and cooperation with multilateral institutions.

 

1) EXPORT DEVELOPMENT

The focus is to diversify the basket of exportable products from Nigeria. In doing so, the Council undertakes supply base studies to identify potential products for development for export. Other activities include:

(a)                 Advising manufacturers on packaging, product design and adaptation;

(b)                 Advising companies on quality standards;

(c)                 Advising exporters on appropriate strategy to adopt to penetrate target markets;

(d)                 Advising on pricing and costing for export;

(e)                 Assisting companies to undertake adequate publicity in target markets;

(f)                   Assisting companies financially to undertake market research and other export related activities;

(g)                 Planning and organisation of Nigeria's participation in international fairs and exhibitions.

 

2) EXPORT FINANCING AND INCENTIVES

Here, the main activity is to ensure the effective administration and prompt payment of incentives to qualified exporters. It also reviews existing incentives and articulate new ones in the light of prevailing circumstances.

 3) HUMAN RESOURCES TRAINING AND DEVELOPMENT ACTIVITIES

-           Council organises general seminars/workshops to enlighten exporters on new development in the sector.

-           Organises Export Fora  to discuss latest development in the sector.

-           It undertakes enterprise level training for the staff of organisations that request for such packages.

-           Liaises with other training institutions (both locally and internationally) on training matters generally.

 

4) CO-ORDINATION AND CO-OPERATION WITH MULTILATERAL INSTITUTIONS

Council co-operates with the trade promotion organisations of other countries.

Liaises with multilateral trade organisations such as ITC, CFTC, UNDP, CBI, IMPOD, TFOC, World bank, etc., for the purpose of maximising the benefits accruable to exporters in Nigeria.

Visit the NEPC Website:  http://www.nepc.gov.ng for details.

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THE NIGERIAN EXPORT-IMPORT BANK (NEXIM)          Top of Page

DECREE AND MANDATE

The Nigerian Export-Import Bank (NEXIM) was established by Act 38 of 1991 as an Export Credit Agency (ECA) with a share capital of N500, 000,000 (Five Hundred Million Naira) held equally by the Federal Government of Nigeria and the Central Bank of Nigeria. The Bank which replaced the Nigerian Export Credit Guarantee & Insurance Corporation earlier set up under Act 15 of 1988, has the following main statutory functions: -

MANDATE

  • Provision of export credit guarantee and export credit insurance facilities to its clients.

  • Provision of credit in local currency to its clients in support of exports.

  • Establishment and management of funds connected with exports.

  • Maintenance of a foreign exchange revolving fund for lending to exporters who need to import foreign inputs to facilitate export production.

  • Maintenance of a trade information system in support of export business.

  • Provision of domestic credit insurance where such a facility is likely to assist exports.

The Bank presently provides short and medium term loans to Nigerian exporters. It also provides short term guarantees for loans granted by Nigerian Banks to exporters as well as credit insurance against political and commercial risks in the event of non-payment by foreign buyers. The Bank is also the government's National Guarantor under the ECOWAS Inter-state Road Transit programme.

The Bank's authorized capital as at December 31 2004 was N10.0 billion with a fully paid-up portion amounting to N6.44 billion.

Download NEXIM Official Gazette (pdf).

For details visit: http://www.neximbank.com.ng.

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NIGERIAN INVESTMENT PROMOTION COMMISSION (NIPC)           Top of Page

  DECREE AND MADATE

Welcome to Nigerian Investment Promotion Commission, the one-stop-shop for exploring and planning foreign investment and new business in Nigeria. Nigeria leading business cost advantages make it a natural market-entry point for West Africa, and a global magnet for R&D investment, business process outsourcing (BPO), and other international business. Whether investing, expanding, or starting a new business.

 

MANDATE

Nigerian Investment Promotion Commission (NIPC), is an Agency of the Federal Government with perpetual succession and a common seal, which is specially established, among other things, to:

1.   Co-ordinate, monitor, encourage and provide necessary assistance and guidance for the establishment and operation of enterprises in Nigeria.

2.   Initiate and support measures which shall enhance the investment climate in Nigeria for both Nigerian and non-Nigerian investors.

3.   Promote investments in and outside Nigeria through effective promotional means.

4.  Collect, analyse and disseminate information about investment opportunities and sources of investment capital and advise on request, the availability, chance or suitability of partners in joint-venture projects.

5.  Register and keep records of all enterprises to which the NIPC Decree legislation applies.

6.  Identify specific projects and invite interested investors for participation in those projects.

7.  Initiate, organize and participate in promotional activities such as exhibitions, conferences and seminars for the stimulation of investments

8.  Maintain liaison between investors and Ministries, government departments and agencies, institutional lenders and other authorities concerned with investments.

9.  Provide and disseminate up-to-date information on incentives available to investors.

10. Assist incoming and existing investors by providing support services.

11. Evaluate the impact of the Commission in investment in Nigeria and recommend appropriate remedies and additional incentives.

12. Advise the Federal Government on policy matters, including fiscal measures designed to promote the industrialization of Nigeria or the general development of the economy.

13. Perform such other functions as are supplementary or incidental to the       attainment of the objectives of NIPC Decree.

 

THE NATIONAL AGENCY FOR FOOD AND DRUG ADMINISTRATION AND CONTROL (NAFDAC)      Top of Page

DECREE, MANDATE AND FUNCTIONS

NAFDAC was established by Decree No. 15 of 1993 as amended is a Parastatal of the Federal Ministry of Health.

MANDATE

To regulate and control quality standards for Foods, drugs, Cosmetics, Medical Devices, Chemicals, Detergents and packaged water imported, manufactured locally and distributed in Nigeria.

The management has made intensive efforts to positively touch the lives of stakeholders (consumers and Dealers) through public enlightenment campaigns, education and persuasions.

 

FUNCTIONS

The name of the Agency reflects its functions very adequately. By the provisions of the enabling decree, (decree No. 15 of 1993) the Agency is mandated to:

  • Regulate and control the importation, exportation, manufacture, advertisement, distribution, sale and use of drugs, cosmetics, medical devices, bottled water and chemicals

  • Conducts appropriate test and ensure compliance with standard specifications designated and approved by the council for the effective control of quality of food, drugs, cosmetics, medical devices, bottled water and chemicals and their raw materials as well as their production processes in factories and other establishments.

  • Undertake appropriate investigation into the production premises and raw materials for food, drugs, cosmetics, medical devices, bottled water and chemicals and establish relevant quality assurance system, including certification of the production sites and of the regulated products

  • Undertake inspection of imported food, drugs, cosmetics, medical devices, bottled water and chemicals and establish relevant quality assurance system, including certification of the production sites and of the regulated products.

  • Compile standard specifications and regulations and guidelines for the production, importation, exportation, sale and distribution of food, drugs, cosmetics, medical devices, bottled water and chemicals

  • Undertake the registration of food, drugs, medical devices, bottled water and chemicals

  • Control the exportation and issue quality certification of food, drugs, medical devices, bottled water and chemicals intended for export

  • Establish and maintain relevant laboratories or other institutions in strategic areas of Nigeria as may be necessary for the performance of its functions

  • Pronounce on the quality and safety of food, drugs, cosmetics, medical devices, bottled water and chemicals after appropriate analysis

  • Undertake measures to ensure that the use of narcotic drugs and psychotropic substances are limited to medical and scientific purposes

  • Grant authorization for the import and export of narcotic drugs and psychotropic substances as well as other controlled substances

  • Collaborate with National Drug Law Enforcement Agency in measures to eradicate drug abuse in Nigeria

  • Advise Federal, State and Local Governments, the Private sector and other interested bodies regarding the quality, safety and regulatory provisions on food, drugs, cosmetics, medical devices, bottled water and chemicals

  • Issue guidelines on, approve and monitor the advertisement of food, drugs, cosmetics, medical devices, bottled water and chemicals

  • Compile and publish relevant data resulting from the performance of the functions of the Agency or from other sources

  • Sponsor such national and international conference as it may consider appropriate

  • Liaise with relevant establishments within and outside Nigeria in pursuance of its functions

In discharging the above functions, the agency envisages that its activities will be evident in all sectors that deal with food, cosmetics, medical devices, bottled water and chemicals to the extent of instilling extra need for caution and compulsion to respect and obey existing regulations both for healthy living and knowledge of certain sanctions or default.

 

STRUCTURE

The agency was set up as a parastatal under the control of the defunct twelve- member Government Council which was formally inaugurated on 31st December, 1992 by the then Minister of Health, Professor Olikoye Ransome Kuti. The then council had its chairman, a highly experienced Retired Public Officer and Diplomat in the person of Ambassador Tanimu Saulawa. When the council was in place, activities of the Agency were overseen through its three main committees namely:

  • Financial and General Purpose Committee

  • Establishment and Disciplinary Committee

  • Technical, Research and Consultancy Committee

 DIRECTORATE

  • Administration & Finance

  • Planning, Research & Statistics

  • Narcotics & Controlled Substances

  • Regulatory & Registration

  • Inspectorate

  • Laboratory Services

  • Enforcement

  • Ports Inspection

 

UNITS

Legal Unit - The unit proffers legal advice on issues of law arising from Employee-Employer relationship and is the custodian of legal documents and all agreements relating to the Agency. Its functions include the following:

  • Ensuring that the rights and interest of the Agency are well protected under the various legal documents that bind it;

  • Drafting regulations, agreements and rendering legal opinions to the Director General. NAFDAC and the various Directorate.

  • Facilities Prosecution of offenders at the Tribunals and Courts.

Public Relations Unit - The Public Relations Unit under the Director Generals office has the primary responsibility of informing, sensitizing, enlightening and creating awareness on the role of the Agency. In carrying out these functions the PR unit employed the services of mass media and the information channels of communication as effective tools in the discharge of its duties.

The unit is solely responsible for the publication, of a Quarterly News Magazine and other publications Information Brochure and Handbills of the Agency. It also co-ordinates the Information, Education and Communication (I.E.C) programs of the Agency in the Televisions and Radios as well as other enlightenment, campaigns. In active collaboration with the Planning Research and Statistics Directorate, the Unit also facilitates NAFDAC's participation at several international and domestic Trade Fairs and Exhibition.

Internal Audit - Fundamental functions of Internal audit are as follows:

  • Provides a means of measuring the effectiveness of the system of internal control and accounting.

  • Tests on the accounting purpose of ensuring that they provide reliable basis for the preparation of the Agency's financial statements.

  • Draws attention of top management to areas of inefficiencies, deficiencies and all departures from established procedures.

  • Making of appropriate recommendations for improvements in the bookkeeping and accounting system of the Agency.  

  • Carrying out special investigations

Plot 2032 Olusegun Obasanjo
Way
. Wuse Zone 7, Abuja, FCT
Abuja Office: ++(234) 09 5240995/6
DG's Office Abuja: ++(234) 09 5240994
DG's Office Lagos: ++(234) 01 4528031
Fax: ++(234) 09 5241461
Email: nafdac@yahoo.com
nafdac.lagos@alpha.linkserve.com

Visit  NAFDAC Website: http://www.nafdacnigeria.org  for details.

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