Exportation is one of the easiest multi-million naira businesses a person can accomplish in Nigeria, as I’ve mentioned in two of my prior posts. Don’t be deceived, though. This is not as simple as it may appear, but it is one of the easiest foreign enterprises to start. There is nothing like a simple business. If running a business was simple, everyone would do it and no one would fail. This article will show you how to start exportation business In Nigeria.
Do you want to start a business in Nigeria as an exporter? Do you want to work with people from all over the world? Would you like to be paid in the world’s most precious currencies? Do you want to start a company that has branches and operations on several continents throughout the world?
If you do not meet the description described in the previous paragraph, you should not waste your time. This post is designed for individuals who are willing to put in the time and effort required to create a large business. If this describes you, there are a few things you should be aware of. There is a protocol that you must follow in order to launch an exportation business in Nigeria. Once you have finished this, you’re good to go.
Steps to Follow to Start Exportation Business
Follow the steps below if you want to start exporting goods from Nigeria to other countries of the world.
1. Register Your Business
One of the hallmarks of a serious business is the registration of the company. If an exportation company isn’t registered, no one will take it seriously. You must comprehend that this company will function in the international market like any other enterprise. As a result, you must master the fundamentals.
Become a member of the Nigerian Export Promotion Council (NEPC) (NEPC)
You should register with the Nigerian Export Promotion Council if you do not want any complications with your parcels and containers once you have grown large.
2. Customs Registration
As you can see, this business necessitates a large number of registrations. To prevent all of the potential complications associated with government entities, you’ll need a lot of these registrations. Customs is one entity you don’t want to deal with since if you aren’t registered, they can seize your goods, no matter how huge they are.
3. Obtain Special Permits And Licenses
Not everyone need this, but if you deal in high-value commodities, you may require a licence or licence to export them outside of the country. Your business will be considered illegal if you do not have this licence. Don’t only get the permits that are available while doing this. Confirm that all of the items you want to export are legal. Some products are not allowed because they are illegal. Keep a safe distance from them.
4. Obtain Insurance
Any number of things could go wrong. This isn’t a case of divine intervention. Hazards and calamities must be planned for. Get insurance so you can deal with disasters when they occur.
5. To ship your products, collaborate with a shipping company
In Nigeria, there are freight forwarding companies dedicated only to assisting Nigerians in exporting goods to countries all over the world. The majority of them export to certain countries. So, look for one that exports to the country or countries you choose and make an agreement with them.
If you follow this procedure, you will be well on your way to becoming a successful exporter.