shipping documents. tariffs concession documents other documents include: exporting requires a lot...
TRANSCRIPT
In the past, Nigeria used to be part of the developing countries that were recognised as a contributor to the global export pull in 1980. 20 years later, World Trade Organisation (WTO) conducted another research that is shocking. Though the contribution of the so called ‘developing countries”
increased from 34% to 47% , Nigeria was not recognised. Though our oil export boom but had adverse effect on non-oil export. Many questions have been asked by intending exporters that what products can be exported from Nigeria? In this short presentation, we shall look at these products and their seasons in the year
INTRODUCTION
Exportable Commodities
Exportable product in Nigeria varies depending on your area of interest. They can classified into five categories;
Manufactured Products Processed Foods Solid Minerals
e.g. Zinc Ore, Lead Ore, Copper, Calcium, Carbonate, Marble, Tantalite, Wolframite, Iron Ore, Gem Stones.
Export Destination: Europe and Asia
e.g. Cassava flour, Yam flour, Ground Rice, Vegetable Oil Export Destination: Cassava (Europe) African countries.
e.g. Alcoholic beverages, Cosmetics and Soaps, Detergents, Chemicals, Cocoa Cake, Cocoa butter, Malt drinks, Insecticides, etc
Export Destination: Cocoa Cake & Cocoa butter (Europe) African Countries.
Exportable Commodities
Exportable product in Nigeria varies depending on your area of interest. They can classified into five categories;
Handicrafts Agricultural Product
e.g. Charcoal, Chilies (Dried) Cocoa Beans, Coffee, Gum Arabic, Sesame Seeds, Shear nuts, Shear Butter, Shrimps, Cassava, Cashew nuts Export Destination: Europe
e.g. Talking Drums, Calabash Carvings, Wood Carvings, Beads, Pottery, Metals Carvings, Hand – Woven textiles, Raffia products.
Export Destination: Europe and U. S.
COMMODITY NAME January February March April May June July August September October November December
COCOA
SEEDS, SESAME SEEDS
CHARCOAL
Metals & Ores
CASHEW
RUBBER
Furniture
COTTON
All Flowers
FOODSTUFFS
EMPTY TANKS, BOTTLES AND CYLINDER
RESINS
GLASS, GLASSWARE
PLANT PRODUCTS
TOBACCO
All Gum
Fish, Frozen
INDUSTRIAL RAW MATERIALS
PERSONAL EFFECTS
BATTERIES
PLASTICS
EXPORT COMMODITY SEASONALITIES (2010 - 2012)
Low flow of commodity
Medium flow of commodity
High flow (Major focus on commodity)
CO
LOU
R
GLO
SSA
RY
Export Documents.
Transport Documents Quality Documents Commercial Documents
• Profoma Invoice • Commercial Invoices
• Consular Invoice • Certified Invoice and
• Parking list
• Certificate of Quality and Fumigation (FPIS)
• Phyto-sanitary Certificate (PQSO)
• NAFDAC Certificate of Quality
• Certificate of Quality by (SON)
• ISO Certificate
• Bill of Lading • Airway bill / Road
way bill • National Maritime
Authority Form E-3.2 • Single Goods
Declaration (SGD)
Exporting requires a lot of documentation, specifically, all exporters are expected to complete form NXP (Nigerian Export Proceeds) and pay the mandatory levy. Clean Certificate of Inspection is issued by the Federal Government appointed inspection Agent (Cobalt International Services Limited) as contained under the Nigerian Export Supervisory Scheme which requires that all exporters pay 0.5% of the FOB value of their exports.
Export Documents.
Other Documents include: Tariffs Concession Documents
Exporting requires a lot of documentation, specifically, all exporters are expected to complete form NXP (Nigerian Export Proceeds) and pay the mandatory levy. Clean Certificate of Inspection is issued by the Federal Government appointed inspection Agent (Cobalt International Services Limited) as contained under the Nigerian Export Supervisory Scheme which requires that all exporters pay 0.5% of the FOB value of their exports.
• Non oil export data form • Certificate of Origin • Certificate of Manufacture • Permit to export Solid
Minerals from Federal Ministry of Mines and Steel Development.
• Form EUR 1 • GSP Certificate • ECOWAS TLS Certificate of
Origin and Movement Certificates
• Commonwealth Stand Still Preference Certificate of Origin
Product Good Product • Market Driven Designs. Products that are
consistent with the market taste • Can be adapted to buyers specs • Designs adapted to facilitate shipping • Presented in complete line, or families of
products (important) • Consistent quality control • Solid construction • Made with quality materials • Competitive price research the market
Expansion Production Capaciity
• Able to produce in large quantities • Ability to grow as orders increase • Sufficient production staff • Appropriate tools for increased production
Up-to date Communicate • Working telephone, fax, mobile phone and email • Computer literacy • Printed materials • Brochures, pamphlets • Printed order forms, receipts, bills, etc • Print or digital photo catalogue
Documentation Administration Systems • Easy to use accounting systems • Up to date record keeping system • Inventory and stock control • Order management calendars • Costing and pricing evaluation systems
You Vision for Growth
The exporter must research markets and opportunities as well as constraints to come up with a viable vision. This
should include specific steps to growth.
What constitute export readiness
Is there market for your product outside Nigeria, and is it available? Can I easily source them without the consignee waiting? Is the demand worth the risk?
Which country will be the best that I can quickly self the goods?
How much will it cost me to export and can I afford it?
What will be the best means of transportation?
What are the basic local laws guiding the exportation?
You need to register with Corporate Affairs Commission (CAC) so anyone can verify your details.
Nigeria Export Promotion Council registration is needed for non-oil exportation.
Advertise your product in any known platform e.g. develop a website to promote your product.
Collaborate with people that are already in the business. Some may guide you on what to do but this may not come easy.
Attend seminars on the area you want to focus on and meet with people with better experience
A Market Survey Be Registered Consignee/Customer
Search
ABC steps to guide exportation.
LETTER OF CREDIT PROCEDURE WAY OF FINANCING THROUGH BANK
L/C Application
Contract
L/C Advice
Letter of Credit
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