How to Become An Exporter In Nigeria
The export industry is one industry that has seen remarkable
increase in the number of would-be participants. Every business inclined person
with some capital must have looked for information on how to become an exporter in Nigeria at least once. Reason being that it is regarded as a very
lucrative branch of business to go into. We are going to look at a few things
that would help you in your quest to become an exporter.
Firstly, you need to register your company with the Corporate
Affairs Commission (CAC) as a limited liability company.
Secondly, you need to procure your export license depending on what
you are going to be exporting. The body in charge of exporting items like Sesame
Seeds, Bitter Kola, Cashew nuts, Ginger roots,
Cocoa, Charcoal and others is known as the Nigerian Export
Promotion Council (NEPC). The body in charge of export of solid mineral like
Zinc, Iron, Copper, Manganese etc. is known as the Federal Ministry of Solid
Minerals Development (FMSMD). So, depending on what you intend to export, you
can locate the regional office of the body closest to you and pick up your
application form. The head office of the
NEPC is located at the Export House, Kumba Street, Wuse Zone 2 Abuja while that
of the FMSMD is located at the Federal Secretariat building,5th floor, PMB 107 Suleja,
Niger state.
On getting to the commission, you will be asked to pay the sum of
N1, 000 as application fee after which you will be given a form to fill. On
returning the form you will then be asked to pay a fee of N10, 000 known as
processing fee bringing the total fees paid to N11, 000. After this you will be
given the license. The whole process takes a minimum of one week.
Now that you have your export
license, you can then go ahead to meet your suppliers to begin your business.
However, just like every other business you also need to ensure that you do
your due diligence to avoid wasting your resources on something you are not
sure of. In fact it will be in your best interest to have studied and
understood the field you are going to very well before you even set off on
registering your company with the CAC.
Also, there are products you cannot export from Nigeria. It’s in
your interest to know them so that you can avoid trouble. They are: Maize,
Timber, Raw hides and skin, Scrap metal, Unprocessed rubber lumps and latex,
Artifacts and Antiquities and Wildlife animals.
You now know how to become an
exporter in Nigeria, kick start your export business today!
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