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Exportation Of Goods In Nigeria

Discussion in 'Agriculture Business' started by Celestina Angel Serome, Aug 3, 2019.

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  1. Celestina Angel Serome

    Celestina Angel Serome Administrator Staff Member

    Nigeria is known for its exportation of goods, and it's no doubt a lucrative business. Many farmers and agribusiness owners export their goods to other countries for higher profits.

    Would you like to export your goods from Nigeria to other countries? If yes, then a lot has to be considered before doing so. Some conditions depend on the country of the buyer, means of exporting, quantities required, market strategies etc. If you want to start your own export business, you should find a buyer and have the legal documents needed for export.

    Many people want to export their goods to other countries, but don't know how to. So, here is what will help and guide you on how to export your goods from Nigeria to other countries.

    Step 1: Do a research

    When it comes to exporting any products from Nigeria to other countries, you have to research everything about the export business, as well as the goods you plan to export. Doing a survey prior to shipping goods and starting your own business is a very reasonable decision. Look at 6 tips on how to do a good research:

    Think about how quickly you can establish foreign contacts and find enough customers to sell your goods to. Research the market satiation and find the countries which will be the best to export to. Once you find it, think about advertisement and promotion of your product.

    Another thing to consider before starting the export business is cost. It is good to think about the cost of exporting products from Nigeria, which includes export duties. Calculate the cost and decide for yourself if you will be able to afford it.

    Another important stage of export business is no doubt the shipping. You have to decide on means of transportation you will need to use to export the goods. Research the most convenient shipping companies or cargo flights that are available in Nigeria.

    When you are done with transportation and market research, move to area of legal requirements. You need to find out what kind of documents you need and what are the conditions your company must adhere to. Also, pay attention to the certification process. Will the government require you to certify your goods or register them somehow?

    Remember to visit Nigerian Export Promotion Council for more professional support.

    If you know anyone that is doing the same business or plan to, it is always good to learn from them.

    Step 2: Register your export business

    If you plan to do a serious business, you will need to register your company. For this, you should head to Corporate Affairs Commissions. It is important to do this because your customer will check CAC site for more detailed information about your company. If they do not find anything, they are not likely to do business with you. They will not agree to cooperate with you. Since Nigeria has a reputation of not being a very trustworthy country, you had better register your business so that you can win the customers’ trust.

    It is also important to have a Certificate of Incorporation and register at the Nigerian Export Promotion Council (NEPC). This is done by anyone who plans to export non-oil products from Nigeria to other foreign countries. Registration in NEPC costs about N11,000. It takes only a week to get your company registered.

    Step 3: Search for foreign customers

    We all know that the most important people in business are not bosses, but customers. If there are no customers, then there will be no business. For this reason, you have to search for customers very precisely. Since you will work with foreign clients, you have to work on promotion and creating a good visual picture of your company and products you export. Come up with a website design and promote it on web search platforms, such as Google or social media. Facebook and Instagram can also help, depending on the products you plan to export.

    You should have a multi-functional website that will display all products, along with your contact information and all the necessary information that the client might need. The Internet is literally the only way for you to get connected with clients and help your business develop. Cooperation with other companies can be also a solution since they can help you to find new partners and build some useful connections.

    Documents needed to export goods from Nigeria to other countries

    After you have researched the market situation and decided on what kind of products to export, let’s move on to essential documents part. Here is the list of what kind of documents you need to have for your export business to go smoothly. This list of 10 key papers is based on both Nigerian and other countries’ required documents information. Follow up the list given below and learn which ones are most commonly used in export.

    1. The commercial invoice

    A commercial invoice is a type of document which is provided by the exporting company. It is a custom declaration for exporting the products overseas.

    2. The cargo bill

    It is a detailed list of a ship’s cargo which comes in the form of a receipt. Usually, this kind of receipt is given by a captain of the ship to the person who ships the goods.

    3. The consular invoice

    This is a document that should be submitted before shipping products abroad. It is required to be submitted to the consulate or embassy of the country to which goods are to be exported.

    4. The certificate of origin (CO)

    It is an international trade document which confirms that the goods to be shipped were produced and packed in the particular country. This type of documents is provided by the exporter and confirms goods’ origin.

    5. The inspection certificate

    One of the most important documents is the inspection certificate. It certifies that products to be shipped were in good condition at the time of inspection. The document is usually issued prior to the shipment. Such kind of pre-shipment inspection is required by many countries.

    6. The dock receipt

    The dock receipt is issued by the sea freight carrier to prove that your goods are at the carrier’s shipping terminal.

    7. The warehouse receipt

    When goods are stored in a warehouse, the warehouse receipt is issued as a proof. The document states the ownership of commodities that are stored in the warehouse or in any other place for safekeeping. Keep in mind that warehouse receipts might be negotiable or non-negotiable.

    8. The destination control statement

    This document can be issued as part of commercial invoice, ocean or air waybill. It can be also in Shippers Export Declaration (SED). The main purpose of this document is to notify the carrier and all foreign parties, that the item can be exported only to certain destinations.

    9. The insurance certificate

    Of course, while shipping your goods abroad you will have to arrange for the insurance certificate for the shipment. This document provides information on a particular insurance coverage, in case of any emergencies. The certificate is your proof of insurance police and usually contains some detailed information on types and limits of insurance coverage, your insurance company’s contact information, policy number, and the insurance’s expiration date.

    10. The export license

    Once you begin to export any products from Nigeria, it is desirable for you to get a license from the government agencies. This document will be a good evidence of legal business for your customers.

    These are the ten documents, which any exporter should have before starting the export business and shipping the goods abroad. But before you move to documents part, you still need to decide what to ship!

    It is no doubt that exports from Nigeria to other countries of the world is a very profitable type of business. Although, you have to think very carefully about what kind of goods you can ship. People used to think that you can only export oil related products, but these days the situation is different. There are so many different products you can export and earn some good money. Exporting non-oil products to foreign countries is not very complicated, you just need to have a company, necessary documents, and come up with a product you want to export.

    list of someagriproducts you can export.

    This crop is rich in carbonhydraye, calcium, vitamin BC, and essential minerals. One thing you have yo know is that nutriet composition differs according to variety, climatic conditions, soil conditions and the age of the harvested crop. It is mostly grown by small scale farmers who are into subsistence farming. The farmers most time sell our the supplies gotten from their harvested casava.

    2. Palm kernel.
    Those is the edible seed of the oil palm fruit. The fruit produces two distinct oils; palm oil derived from the outer parts of the fruit and palm kernels oil derived from the kernel. The pulp that is gotten from the kernelis used to produce palm kernel cake. Used in the feeding of cattles.

    The two major by-products of palm kernel are:
    Palm kernel expeller (palm kernel cake)
    Palm nut shells used as a biofuel.

    3. Millet.
    Millets are a group of highly variable small seeded grasses, widely grown around the world as cereal crops or grains for human food.

    4. Soyabeans
    This is a leguminous crop that is well grown for IRS edible bean. Soya bean are processed for their oils and meal.

    5. Plantain
    This can be used for cooking, either ripped or not. The more it rippens the sweeter it becomes. Green plantains are firm, starchy and resemble potatoes in flour.

    Exporting plantain from Nigeria is profitable; as a matter of fact, plantain farming in general is a wealth producing venture.

    Do you know that Nigeria is the highest producer of plantain in Africa; at the same time, Nigeria is the seventh largest producers of plantain in the world.

    You too can join in this lucrative business of plantain exportation.

    6. Yams
    Yams are perennial harbaceous vines cultivated for the consumption of their starchy tubers in many temperate and tropical word regions.

    When it comes to export of agricultural products for profit, Yam tuber exportation should be on top of your list.

    7. Maize
    Maize also known as corn is a cereal grown and eaten by many people. The leafy stalk of the plant produces pollen inflorescences called ears that yield kernels or seeds which are fruits.

    8. cocoa
    Cocoa or simply cocoa bean is the dried and fully fermented seed of theobroma cacao. From which cocoa solids and cocoa butter can be extracted. Cocoa is a food crop exported in Nigeria, you as well can join in the exportation of cocoa to other countries by venturing into cocoa business.

    9. Groundnut.
    This crop is a legume crop grown mainly for its edible seeds. It is widely grown in the tropics and sub tropics, it is also important to both small and large commercial producers.

    10. Beans.
    This is a seed of a flowering plant which are used for human and animal food. It is also of the leguminous plants that is exported in Nigeria.

    There are two major varieties of beans that are popularly known to people in southwest Nigeria. They are; sweet beans or honey beans and Nigerian brown beans. The botanical name for it is "Vigna Unguielata", and it's grown in the semi-arid tropics which cover Asia, far East Africa, central and South America.

    For those who do not know how to go about exporting their goods, i hope this thread comes in handy for you. Follow the necessary legal steps, and go make your dreams of Exportation a reality!

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