Monday, July 22, 2019

Guide To Start Up A Successful Exportation Business In Nigeria

Starting up exportation business is very profitable, you will make huge amount of money from exportation because it is one of the most lucrative business in the world. All countries in the world are into exportation of goods majorly because it is a source of boosting the economic growth and generation of more revenue for the government.

In this article we shall be given you the steps to take to start up a successful business in exportation of goods and services in Nigeria and other parts of the world. You will be delighted to read this article after seeing the step by step guide to successful exportation business, but don't forget to drop us a comment and then share to friends at the end of this article.

Nigeria is so blessed in numerous natural resources that the world needs. some of this commodities are: Kolanut, Cocoa, Coal, Palm Oil, Crude Oil, Sesame seed and a host of other agricultural products that are relevant in terms of production all over the world. 

In Nigeria, the body charged with the responsibility of regulating exportation is the Nigerian Export Promotion Council (NEPC). So, any individual or company that wants to go into exportation must first register and meet all requirements of the body before starting up the business.  
Requirements before Starting Export Business in Nigeria
  • Register the business
  • Register with the Nigerian Export Promotion Council
  • Register with Nigerian customs by filling the NXP form
  • Obtain special documents and permits for your goods (see details below)
  • Make sure your goods are not banned
  • Partner with a freight forwarding service company
  • Get an insurance cover
These are the special documents and Permits you must to obtain for your goods

  1. Insurance Certificate: It states the type of insurance and the amount covered in case of any losses during shipment
  2. Export Licenses: Export licenses can be gotten from the Nigerian Export Promotion Council (NEPC) and the federal ministry of solid minerals development. The Nigerian Export Promotion Council issues license for agricultural commodities, while the Federal Ministry of Solid Minerals Development issues for extraction and exportation in Nigeria
  3. Export Packing List: This shows the total shipment weight, volume and whether the correct cargo is being shipped.
  4. Bill of lading: A bill is a contract between the owner of the goods and the carrier (shipping company)
  5. Certificate of origin: This document shows the origin of the export item. It can be obtained from your local chambers of commerce
  6. Inspection certificate: This document shows the specification of the goods shipped
  7. Commercial Invoice: The document shows basic information about transactions example goods type, specification, address of the shipper and the seller, delivery and payment terms
  8. Consular Invoice: This invoice is used to control and identify goods from the receiving country. The invoice must be purchased from the consulate country
  9. Dock and warehouse Receipt: This document shows the list of goods taken out from the warehouse and the balance left. It is given to the international carrier
  10. Destination Control Statement: It is a statement shown on the commercial invoice, ocean or air waybill of lading, and shippers export declaration notifying the carrier and all foreign parties that the item may be only exported to certain destinations

50 Product you can Export from Nigeria to other countries and make large profit 
  1. Yam
  2. Palm oil
  3. Cocoa
  4. Bitter Kola
  5. Cola Nut
  6. Garlic
  7. Crabs/shrimps
  8. Locust Beans
  9. Soybeans
  10. Millet
  11. Sesame seeds
  12. Local Rice
  13. Beans
  14. Locust Beans
  15. Groundnut
  16. Vegetables (fresh and dry)
  17. Melon (Egusi)
  18. Ogbono seeds
  19. Cashew Nut
  20. Ginger
  21. Zobo leaves
  22. Plantain
  23. Pepper
  24. Local seasoning
  25. Cocoyam
  26. Plantain flour
  27. Cassava flour
  28. Yam Flour
  29. Alligator Pepper
  30. Walnut
  31. Dried fish
  32. Ginger
  33. Palm fruit
  34. Breadfruit
  35. Crayfish
  36. Snails/periwinkles
  37. Donkey Skin
  38. Hibiscus Flower
  39. Tiger Nuts
  40. Herbal Products
  41. Shea Butter
  42. Made in Nigeria Fabrics (Adire, Akwete, Aso Oke, etc)
  43. Lead-Zinc
  44. Broom
  45. Locally Designed Beads
  46. Kaolin
  47. Bitumen
  48. Charcoal
  49. Limestone
  50. Iron ore
Ways to Find Buyers for your Export Products in Nigeria
✿ National Exports Boards: When you register with the Nigerian Export Promotion Council, you get market entry research to foreign countries, trade information, dissemination of both domestic and international commodities prices etc.

✿ Online Search Engines: Millions of keywords are searched on the net every day. You can Google to search for buyers online.

✿ Online communities; Leverage on online communities like Nairaland, Facebook and LinkedIn.

✿ Online adverts; you can run ads on Facebook and google adwords to get potential customers

✿ Online Market portals; you can open an online community store and drive traffic to your store for just a little token.

✿ Buying agents; Buying agents are people who sought for goods to be exported.

✿ Countries Chambers of Commerce: They are the chambers of commerce for different countries located in Nigeria. Visit their online portals for inquiry.
Nigeria is so blessed in numerous natural resources that the world needs. Therefore i urge you to engage in this massive and lucrative business, do well to leave a comment and share to friends.

No comments:

Post a Comment