I have had to answer this question many
times in the past; but I will do it again and again hoping that my audience
will make sense of it all and maybe, just maybe be interested in taking a look
at all the business opportunities that are yawning for investment in Nigeria
and the African continent. This is including our very own Centre for Societal
Empowerment and nationalistic Studies (CENSENSS). Please be informed that Financial
Instruments move the world of global business, reputation supports that process
and Projects/Opportunities are the engine room of that process. So the Holy
Trinity in Modern Business are Financial Instruments, Business Reputations and
Projects/Opportunities; these are the tripod upon which the whole of our
discussion will revolve.
FINANCIAL INSTRUMENTS...
Globally, major businesses are funded with
bankable papers called financial instruments. In a layman term, they are the
mechanism utilized to fund projects without necessarily committing cash in the
short run. These projects can be anything from Importations, Construction and Infrastructural,
Power and Energy and so many more. Examples of Common Financial Bankable Papers
are the Swift MT760 (Bank Guarantees, Standby Letter of Credit, Advanced Payment
Guarantees and Business Performance Bond); Swift MT700 (Documentary Letters of
Credit); Swift MT 103 FIN (Financial Proof of Cash for Future Payment); Swift
MT799 (Blocked Funds or Proof of Funds); The types and functions of these
bankable financial instruments varies, but they are viable in funding and managing
international businesses and programs continually and effectively.
HOW THE FUNDING WORKS...
Funding Businesses in Europe and the Western Economies does not require the draconian demonic conditionalities that are imposed on us
here in Nigeria and in most of the African Continent. So what we do and must do
is to sell our business and project ideas to our foreign western partners who
will be willing to make the commitment to fund our businesses and projects in
Nigerian and Africa; once the conviction is established. It is important to
know that once we have the conviction of our European and Western partners, the
project is 70% completed. Let us use the Supply of Automotive Gas Oil (AGO) or
Diesel Oil as some would call it to illustrate what will happen in the process
of importing if (AGO/D2) to Nigeria. If we decide to purchase it from Gazprom
in Russia for example; all they require from us is a Swift MT799 Blocked Fund
or Proof of Fund. This is important in showing to the supplier that we have the
capacity to pay for the product 45 days after delivery to us in Nigerian
Waters. Our European Partners will be expected to issue that Swift MT799 PFO/BF
from his Bank to Gazprom Russia to secure the product and also to prepare to
load the cargo destined for Nigeria. Secondly, the European partner will also
be the one to guarantee the funds necessary to charter the Vessel that will
deliver the AGO/D2 from Gazprom, Russia to Nigeria Waters. All that we the
Nigerian Partners will be expect to do is fund the process of securing the
Financial Instruments necessary to deliver the Swift MT799 POF/BF for Product
owners (Gazprom) and The Swift MT760 BG/SBLC/LC for Vessel owners. However, the
Nigerian Partners must secure an MOU with the paying Bank as well as a commitment
from the paying bank in Nigeria, in the form of a Bank Comfort Letter (BCL)
indicating that all cash relating the consignment will be collected by the Bank
and the Supplier will and must be paid first before profit is shared among all parties to the project and agreement.
WHAT HAS BEEN SIMPLY OUTLINED....
Is that with USD$100,000 (One Hundred Thousand Dollars) for Financial
Instrument Leasing and Bank Charges; you can actually import AGO/D2 Valued at USD$10m (Ten Million Dollars Only) or more.
Other details and issues relating to the entire process will be made available
on demand and via a conference call. We are ever ready to initiate a business
process and an arrangement for trade partnership with those who can muster the
financial capability to get this business of the ground. We are a phone call
away and an email will get to us quickly. Opportunities are available in
Nigeria; Funding and Financial arrangement has been lacking greatly.
With My Utmost Regards;
Managing Consultant;
Net Allianz Global Resources Limited; RC
696007
www.facebook.com/netallianzng
+2348035762726 & +2348055960330
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