Exporting from Nigeria
Nigeria is a country naturally blessed and endowed with items that are in serious demand in the export markets around the world. We are not only blessed with solid minerals (besides crude oil) we are also blessed with good climate and weather conditions to support the growth of commodities that are industrially useful in the developed nations. No wonder an Asian will come into this country with a briefcase and 2-5 yrs down the line, he would have become an employer of labour by harnessing our resources to build wealth for himself via export business opportunities in Nigeria.
Exportable Commodities in Nigeria
Cassava
Charcoal
Cashew nut
Chili pepper (Dried)
Cocoa beans
Coffee
Finished Leather
Ginger
Groundnut
Gum Arabic
Horns (Cow)
Hibiscus Flower
Kola nuts
Rubber
Sesame Seed
Shea nuts/Shea butter
Soya beans
Hides and Skins
Wheat Pellets
Planning and Preparing For Export
While preparing for export, the following should be considered before deciding on the type of products and volume to be exported;
Availability of products - where to get the commodity?
Availability of Market - where do I sell the commodity?
Capital- how much do I have?
Profitability- how much profit can I make from what I have?
Sustainability- for how long can I get this commodity?
How Do I Obtain An Export License in Nigeria?
To obtain an export license, you need to register a limited liability company with the Corporate affairs commission (CAC) through your lawyer. Then the following documents will be submitted to the Nigerian export promotion council.
A duly completed export license application form obtained from the Nigerian Export Promotion Council.
Copy of certificate of incorporation
Memorandum and articles of association
Certified true copy of Form C.A.C 7 and C.A.C 2
To secure an export contract for your products, the following options can be explored.
International Chamber of Commerce (ICC) Nigeria
Bilateral Chamber of commerce (e.g. Nigeria-German Business Association)
Trade Brokers
Personal contacts
Consulting firms
Referrals from other exporters
Friends and Relatives abroad
Pre-Export Documentations In Nigeria
The following documents are required by CBN to be submitted to the bank before any legal export can take place. These include;
-Completed original NXP form
-Valid Nigeria Export Promotion Council (NEPC) license (copy)
-Valid Proforma Invoice (copy)
-Completed original copy Cobalt RFI form
Post-Export Documentations
(Exchange Control Documents)
Upon shipment of the goods, the following documents (called exchange control documents) are required by CBN to be submitted to the bank;
-NXP form duly endorsed and stamped by the Nigeria Custom’s Service, evidencing shipment of goods.
-Receipt of payment for Nigeria Export Supervision Scheme (NESS) fees i.e naira equivalent of 0.5% of the FOB value of the shipment.
-Single good declaration (SGD) form issued by Customs
-Clean Certificate of Inspection (CCI) issued by Cobalt
Other documents include;
-Bill of lading
-Invoice
-Packing list
-Certificate of incorporation (copy)
Export Business Options In Nigeria
The Non-oil export business is still at its very primitive stage in Nigeria with a very high potential for growth. Since the export market is all the countries around the world, the market is therefore inexhaustible (especially for Agricultural commodities and other consumables), therefore there space for everyone that will like to earn foreign exchange via the export business. If you are interested in the export business you can start as an Armchair Exporter, or enter the business as a Part-time Exporter and finally as a Fulltime Exporter. If you enter as an armchair exporter then you should grow to become a part-time exporter and finally as a full time exporter depending on your strategy.
Export Business Options In Nigeria: (Armchair Exporter)
Armchair Exporter: these exporters depend on consulting firms, local buying agents and freight forwarders to carry out most of their export operations. This option is suitable for individuals that would like to start a business while still in a paid employment but do not have enough time to spare. The return on investment for this option could range from 10-25%. The exporter is only involved in Export Planning, Export Financing, Pre-Export Documentation and Post-Export- documentations.
Export Business Options In Nigeria: (Part-Time Exporter)
Part-time Exporter: these exporters depend on consulting firms and freight forwarders to carry out some of their export operations. This option is suitable for individuals that would like to start a business while still in a paid employment and also have some time to spare. It’s also a viable option for existing businesses that want to divest. The return on investment for this option could range from 25-35%. The exporter is involved in Export Planning, Export Financing, Export Product Sourcing, Pre-Export Documentation, Haulage To The Warehouse, Haulage To The Port Of Loading, Post-Export- documentations.
Export Business Options In Nigeria: (Full Time Exporter)
Full Time Exporter: these exporters only engage freight forwarders minimally for their port of loading operations. This option is suitable for those that are available 24hrs (retirees and those that just resigned or lost their jobs) and also existing businesses that will like to be fully involved in their export operations. The return on investment of this option could range from 30-45%. The exporter is involved in Export Planning , Export Financing, Export Contract sourcing, Export Product Sourcing, Pre-Export Documentation, Haulage To The Warehouse, Warehousing and Inspection, Freight Forwarding, Haulage To The Port Of Loading and Post-Export- documentations.
Our Nigerian Office Address & Contact Numbers:
18, Alafia Street, Off Nelson Cole Ave,
Off Iju Road, Ifako-Ijaiye, Lagos.
our email: omnibuscompany@yahoo.com
our website: www.omnibus-agro.com
our tel & whatsapp: 08185000488
