How To Export Agricultural Produce In Nigeria
Nigeria is not tapping effectively from its exporting potential and the oil boom makes some government in Nigeria see oil as the only way for the Nigerian economy and this is not so. Entrepreneurs and the government can tap into this potential and more hands are needed.
The government of Nigeria should do something about this oil mentality since Nigeria can become an agricultural exporting giant.
The mentality of seeing oil as the only way for the Nigerian economy is not the best for Nigeria. Nigeria ought to tap into their potential.
Steps To Export Agricultural Produce
1. Conduct research and good business plan for your agricultural exportation business
You first get a good business plan and the business plan should contain necessary details like:
a. Who is it meant for?
b. What are you exporting?
c. What is your starting capital?
d. What is the location of the raw material?
e. How much do you have for it?
f. Is it profitable? What is the ROI is Return on Investment
g. What about payment? What is the rate of exchange and how long does it take to receive payment?
h. How do you add value to the product?
i. Is this product seasonal or preservable or frequently in use?
j. How do you ship and transport?
2. Business name registration for your agricultural exportation business
Ensure that the name you give your business is unique and is not used elsewhere to avoid confusion. Your business name is your business name and get the necessary registration.
Getting a business name helps you to obtain more credibility and is necessary for your license. This business can be a cooperative society, Limited Liability Company or NGO.
3. Obtain the export license (NEPC) for your agricultural exportation
a. Purchase the registration form for the exporters and the cost for this should be around N1000.
b. Payment of a processing/registration fee of N10000.
c. Submission of completed form of registration and this should be to the NEPC and also attach with it the
For Document:
i. Articles of Association and the Certified True Copy of Memorandum.
ii. A photocopy of the Certificate of Incorporation of the company.
iii. Copy of the Law forming the agency and this is obtainable for a government organization and also a Certified True Copy of the Form CO7. You can also register by going to their website.
4. Sourcing Buyers For The Agricultural Produce
a. Websites for international trade: Sourcing of buyers through some international websites.
b. Relatives and friends: Some business colleagues like relatives and friends can engage in this business with you.
c. Obtain the recommendations for buyers and the rest of consulting firms can be useful.
Conclusion
This article shows you how you can export agricultural produce in Nigeria and diverse economy is preferable to mono economy and exportation of agricultural products is one thing that benefits the exporter and also the country and there are many agricultural products where you can choose from.
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