Step-by-Step Guide to Starting an Agricultural Products Exporting Business in Nigeria

 

Nigeria's agricultural sector is brimming with opportunities for export, thanks to its rich resources and high demand for products like cocoa, sesame seeds, and cashew nuts in international markets. If you're looking to venture into this lucrative business, here's a step-by-step guide to help you get started:

Step 1: Conduct Market Research

Before diving into the export business, it's crucial to understand the global demand for agricultural products. Identify which products are in high demand and research potential markets. Learn about the preferences of buyers, pricing trends, and competition. This will help you make informed decisions about the products to export and the countries to target.

Step 2: Register Your Business

To operate legally, you need to register your business with the Corporate Affairs Commission (CAC). Choose a suitable business structure, such as a sole proprietorship or limited liability company, and obtain a Certificate of Incorporation. Additionally, secure a Tax Identification Number (TIN) from the Federal Inland Revenue Service (FIRS) for tax compliance.

Step 3: Obtain Necessary Certifications

Exporting agricultural products requires adherence to quality and safety standards. Obtain certifications from relevant agencies such as:

• Standards Organization of Nigeria (SON) for quality assurance.

• NAFDAC for food and drug-related products.

• Nigeria Agricultural Quarantine Service (NAQS) for pest-free certification.

Step 4: Register with Export Authorities

Register with the Nigerian Export Promotion Council (NEPC) to obtain an Exporter’s Certificate. This certificate is mandatory for exporting goods and ensures compliance with export regulations. You may also need to register with the Nigeria Customs Service (NCS) for customs clearance.

Step 5: Source High-Quality Products

Quality is key in the export business. Partner with reliable farmers or suppliers to ensure your products meet international standards. Consider investing in processing and packaging to enhance the value of your products.

Step 6: Find International Buyers

Leverage trade fairs, online platforms, and export promotion agencies to connect with potential buyers. Build relationships and negotiate contracts that are favorable to both parties. Ensure clear communication about product specifications, delivery timelines, and payment terms.

Step 7: Arrange Logistics and Shipping

Choose a reliable logistics company to handle the transportation of your goods. Ensure proper documentation, including invoices, packing lists, and certificates of origin. Familiarize yourself with shipping regulations and customs procedures in both Nigeria and the destination country.

Step 8: Manage Payments and Finances

Select secure payment methods, such as letters of credit or bank transfers, to minimize risks. Keep track of your finances and ensure compliance with foreign exchange regulations. Consider working with financial institutions that offer export financing options.

Step 9: Monitor and Improve

After your first export, gather feedback from buyers and assess the performance of your business. Identify areas for improvement and adapt to changing market demands. Continuous learning and innovation are essential for long-term success.

Starting an agricultural products exporting business in Nigeria requires careful planning, dedication, and compliance with regulations. With the right approach, you can tap into the global market and contribute to Nigeria's growing export industry.

5 Most Popular Agro Export Products from Nigeria

 Nigeria, often referred to as the "Giant of Africa," is not only rich in culture and diversity but also in agricultural resources. The country has a thriving agro-export sector, contributing significantly to its economy. Here are five of the most popular agricultural export products from Nigeria:

1. Cocoa Beans Nigeria is one of the largest producers of cocoa beans in the world. Cocoa is a key export product, primarily used in the production of chocolate and other confectioneries. The majority of Nigeria's cocoa is exported to countries like the Netherlands, Germany, and Belgium. The crop is predominantly grown in states like Ondo, Cross River, and Ekiti.

2. Sesame Seeds Sesame seeds are highly sought after in the global market due to their use in food, oil production, and cosmetics. Nigeria is among the top producers of sesame seeds, exporting them to countries like Japan, Turkey, and China. The seeds are mainly cultivated in the northern regions of the country.

3. Cashew Nuts Cashew nuts, both shelled and unshelled, are another major agro-export product from Nigeria. The country has a growing reputation in the global cashew market, with exports reaching destinations such as India and Vietnam. Cashew farming is prominent in states like Kogi, Kwara, and Oyo.

4. Palm Oil and Palm Kernel Oil Nigeria has a long history of palm oil production, which remains a significant export product. Palm oil and palm kernel oil are used in various industries, including food, cosmetics, and biofuels. The country's palm oil exports are primarily directed to Europe and Asia.

5. Ginger Nigerian ginger is renowned for its high quality and strong flavor, making it a favorite in the international market. It is used in food, beverages, and pharmaceuticals. Major export destinations for Nigerian ginger include the United States, the United Kingdom, and India.

These agro-export products not only showcase Nigeria's agricultural potential but also highlight the opportunities for growth and investment in the sector. With proper support and infrastructure, Nigeria's agro-export industry can continue to thrive and contribute to the global market.

FACTOR THAT INFLUENCE THE COST OF BOREHOLE CONSTRUCTION

 Everybody desires a cost effective and affordable Borehole in his house, office, community , etc. However, have you ever wondered why the cost of borehole drilling in Nigeria varies. In some areas, it costs as high as N500, 000, N1,000, 000 and even more, while some pay as low as N250, 000, N180, 000 and even N120, 000. I am here to give you a breakdown account for this. However, this does not rule out the fact that non professionals can issue a low quite to attract clients and deliver substandard work.

The cost of borehole is influenced by so many factors such as:

1. The Geology of the Environment:
The specific parameter to look out for here is the nature of formation in the sub surface and depth of water table. In the Niger Delta terrain where the depth of water table is as low as 150feet to 250feet, and even 80 feet, the cost of borehole varies between N120, 000 to N250, 000, but to get an accurate quote a proper geological survey is necessary or preliminary investigation is paramount to identifying the exact position of the water table.

2. Number of Casing: A casing is a lining given to a borehole to avoid collapse of the hole, interference of formation on the transmitted water, and more so, to prevent contamination with the aquifer. In an area where the water table is between 80ft to 250ft, you may require 8 to 25 number of casing, which unit cost is about N6, 000. So the more the casing, the more the cost of casing, which overall influence the overall cost of the borehole. For a bore hole with water table depth of ove 1000feet, you can expect to pay more for the casing and more so bore hole construction.

3. Type of Drilling Equipment: There are 2 major equipment used for drilling equipment are the manual rig and the motorized rig depending on the parameters of interest. The tripod is used for the manual drilling and does not go beyond 250ft, and as such when you are drilling and does not go beyond this depth, you need the motorized rig. The cost of using a Tripod is N30, 000 for daily use, while for a motorized rig, you need N500, 000 for a daily use. This will overall impact on the cost of Borehole Construction. More so drilling a borehole in a basement terrain, clay or more difficult environment, we recommend a motorized rig. This rig is also required in terrain where water table is as high as 1000ft and more.

4. Type of Submersible Pump: There are types of submersible pumps used for borehole construction, depending on the expected pump rate for the borehole. This pump rate of this system is determined by the horsepower of each submersible pump. A submersible pump with a horsepower of 1.5 cost between N16, 000 and N20, 000 and will not add much to the cost of the borehole construction, but a pump of 9.0 and above horsepower, which cost N85, 000 and above, it will considerably add to the cost of borehole construction. We recommend a pump of 1.5 to horsepower for domestic use, and 9.0 horsepower submersible pump for a commercial pump.

5. Other factors include Water Analysis and Treatment, etc.

Prices of COVID-19 Products in Nigeria Skyrocket

Demand for face masks, hand sanitizers and Chloroquine have skyrocketed in Nigeria, following reported cases of COVID-19 in some parts of the country.

In March 22, the Nigeria Centre for Disease Control (NCDC) confirmed 30 cases, with two cases being discharged while no death recorded from COVID-19 in the country.

The surge in the demand for these commodities has led to a sudden hike in the prices of face masks, hand sanitizers and soap dispenser, Chloroquine by over 110%.

A survey conducted around the markets on Monday, reveals that Chloroquine, which was previously used to mainly prevent and treat malaria and sells for N5, 000, now goes for N12,000 per 1,000 tablets.

The price of face mask has increased from N10,000 to N150,000 per carton while hand sanitizers rose from N300 to N600 for foreign products and from N150 to N400 for local products.

Mr Chimezie Okpara, a dealer in the drug market said Chloroquine had hardly been sold in the market following its ban for treatment of malaria by the World Health Organization (WHO) and the Nigerian Government.

These prices keep changing but you can always click on these links to get information on any corvid 19 products and their prices

Price of hand sanitizers in Nigeria

Price of automatic soap dispensers in Nigeria

Prices of nose masks in Nigeria

Price of Disposable latex hand glove in Nigeria

Price of infra red thermometer in Nigeria

Price of Disposable coverall in Nigeria

Price of Face shield in Nigeria

Price of Hand Dryers in Nigeria

Price of 2Sure hand sanitizers in Nigeria

Birthday Cake Delivery in Lagos

EloquentGift is the home for people who care about quality, it’s for people who want to give only the best to their love one, it’s for people who passionate about great gifts! We offer birthday cake delivery in Lagos. Handcrafted with patients and love, each perfectly shaped chocolates looks gorgeous and taste absolutely stunning. Nothing could be greater as a gift to your beloved one.

Alcohol & Lard Free

At Eloquent, all process and ingredients are properly screened through to ensure that all chocolates, cakes or cookies from ELOQUENT do not contain alcohol or lard at all. It’s our responsibility to ensure our customer enjoy our cakes at peace of mind. Try our cake delivery service in Ikeja Lagos

call 09090330915

PALM OIL

Palm oil is the most widely-used vegetable oil in the world. Palm fruit oil, generally known as palm oil, is produced from the pulp of the fruit of the oil palm tree. This tropical fruit is reddish in color because of high beta-carotene content. The fruit is about the size of a large olive. The fruit has a single seed or kernel, which is used to produce palm kernel oil. Each palm fruit contains about 30-35 per cent oil. Palm fruit oil and palm kernel oil differ significantly in their fatty acid composition, but have the same botanical origin.

WHERE IS CASHEW GROWN IN NIGERIA?

We are in another season of cashew nuts business. It is time for local farmers, local agents/distributors, suppliers and exporters to make money. The National Cashew Association of Nigeria, NCAN, once said, Nigeria earned N144.7 billion ($402 million) from the export of raw cashew nuts to Vietnam and other countries in 2017.

Nigeria currently, is the 6th largest producer of cashew nut in the world. There is so much potential within the cashew industry.  However, with the potential comes the need for a good understanding on how the industry works.  Cashew is a perennial crop that grows seasonally. Unlike other fruits, its seeds are externally attached to the flesh of the cashew fruit. In Nigeria, the are many farmers in different regions of the country that have cashew plantation farm of which covenantseed solutuion ltd is in partnership with. Many individual and companies both locally and abroad do not know where to buy Cashew nut in Nigeria and in large quantity, at affordable price.  Cashew just like any other food has a season when it is harvested. Cashew plantation farms are grown in different part of Nigeria and covenantseed has access to about 95% of them. With covenantseed, you can get the cashew nuts in Nigeria at best price no matter the quantity you desire. It’s our responsibility to deliver to various cashew processing companies worldwide.  With our head office in Lagos, Nigeria, we exist to meet the needs of every market both locally and internationally.

To get in touch with us, you can call us on +234-8096836651