How to Start Import and Export Business in Nigeria 2024
There are lots of business ideas out there.
Some sectors are untapped while others are saturated. Some require a huge startup capital while others require a small amount.
No matter the type of business you intend to go into, it is important to gather information and acquire some knowledge about it before investing in it.
If you’re thinking of going into import and export business in Nigeria, you’re in the right place.
There are some procedures you need to follow to make your import or export business a profitable and hitch-free one. Read on to learn more about this.
Note: Click here to learn the export business model that generated over N10,000,000 in one year.
Import and Export Procedures in Nigeria
1. Your Decision Matters
Make a choice on whether or not to travel the import or export route.
What would your focus be? Decide if you’re ready for the chance concerned and therefore the problem of managing makers, agents, freight corporations, and customs.
Having set that, do you have the needed entrepreneurial skills to succeed? Or the sources to raise venture fund?
You have to answer these queries before deciding if the business is for you.
2. Get the Basic Skills and Tools
As a prospective businessperson or bourgeois, you’ve got to acquire the basic knowledge and intricacies of running an import or export business.
You need to be sure-handed in negotiating, finding manufacturers, establishing solid connections, and meeting consumers’ demand for products.
All you will need may be a reliable connector, as well as a high-speed internet connection for email and other over-the-web correspondence.
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3. Select Your Target Goods
You must first contemplate what your target product is/are before you’re even thoughtful on a way to begin the import-export business.
This is wherever the necessity for a practicableness study comes in.
You must ascertain the most well-liked foreign or exported product in the African country or any other country.
Should you want to interact with a particular country, you must recognize the things merchandising well over there and recognize your target purchasers of these products before shopping for them.
4. You Need a Business Plan
If you really want to succeed in the import/export business, then you’ll definitely need a business plan. This will help you strategize, plan, minimize mistakes, and prove to investors that you have done your homework well.
In fact, no bank can finance your dealings while not having a business setup.
5. Incorporate Your Business
Although you may begin commerce or commercialism product from the comfort of your home, you need to incorporate your business to boost your image or credibility. This will portray you as a loyal and professional entrepreneur and help you acquire support from banks.
6. Build Relationships
Have a decent relationship with completely different places of business outraging countries, embassies, chambers of commerce, business directories and trade associations to get information regarding foreign distributors and manufacturers. Always communicate with the diplomatic building in these countries as preparation for commerce.
You will incline an inventory of makers in the industries which will assist you to grow your business.
7. Get the Necessary License and Clearance
Contact the Bureau of tax in Nigeria and find a number from them. Know what the wants are for a license area unit to manage such a business in Nigeria.
You also have to visit the Nigerian office chamber of commerce to make sure that trade barriers and embargoes are not placed with the import/export countries.
8. Realize Makers or Consumers for Your Import/Export Business
Find contacts from relatives or friends in foreign countries perhaps a decent place to begin.
Foreign consulates in your country even have links with businesses which may need to distribute their product offerings in Nigeria or the other way round.
You can conjointly establish contacts by looking into the net with relevant queries. Sometimes, you’ll find consumers and makers on a similar platform.
Do you own a business? Do you want to own a business?
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9. Market Your Business
Another vital factor to recollect once you have started import & export business is to start a mailing campaign in order that you’ll market your business to your foreign contacts.
Get names of potential purchasers; speak to them regarding marketing their products. Tell them concerning trade shows you would like to hitch moreover as your conferences with distributors and sales representatives. Your purchasers would so build their confidence and trust in your import-export company.
Note: Click here to learn the export business model that generated over N10,000,000 in one year.
List of Import and Export Companies in Nigeria
There are so many import-export companies in Nigeria. Below are just a few of these companies in Nigeria that are into international trade.
1. Melvit.com
Melvit.com is an online portal for suppliers, importers, exporters, manufacturers, wholesalers, dealers and distributors. It’s a B2B online eCommerce marketplace making it easier for Africans to trade globally from anywhere with anyone around the world. Trading is simple, safe and secure.
2. Basa Global Impex Limited
Basa Global Impex restricted is a company established in 1998 with a focus on international trade through the importation of goods for use in the construction, interior decor and engineering sectors.
They are importers of access raised floor and accessories used in data centers, server rooms, and offices. They offer office partitioning and electrical cabling. Their export business arm focuses on agricultural products, agro-allied process, and solid minerals.
Address: 150 Ikorodu road, Lagos, Nigeria
3. AgroExpand
AgroEXpand is your number 1 online agriculture market. They expand the horizon of farmers as well as their clients by bringing them closer (and) together on one platform to advertise, bargain, buy and sell at their own comfort. You can get information, buy and sell on their website.
4. Mar Amin Nigeria Ventures Limited
Mar Amin Nigeria Ventures Limited is an agricultural consulting firm that sources affordable agro-commodities such as dried ginger, soybeans, cassava and other related commodities from local registered farmers in Northern Nigeria.
Address: No 22, Ahmed Pategi Road, Ungwan Sarki, Kaduna.
5. Simplified Corporate Logistics
Simplified Corporate Logistics serves as the right arm of successful small and medium-sized Nigerian businesses that need to source for items globally and need to export goods to the USA.
Address: 5A Banana Close, Ajao Estate, Lagos, Nigeria.
6. Cargocreed Services Nigeria Limited
Cargocreed is an experienced, resourceful and effective freight forwarding company, customs broker with proven proficiency in all aspect of transportation (sea and land), and a creative agent with expert ability around the globe.
Address: 2nd Floor, NAHCO Complex, Hajj & Cargo Terminal Airport Road, Ikeja, Ikeja, Lagos, Nigeria.
7. Surely Lifted Logistics Limited
This is an altogether Nigerian autochthonal world shipment and general supply company. An idea conceived in 2006 but came into being by merging with Solution Clientele Limited.
Address: 25, Mushin Road, Isolo, Lagos, Nigeria.
8. Payeso & Peco Nigeria Limited
Payeso & Peco Limited has been in been business for some years now. The company is into the sales of different types of containers in including cold containers, 20ft containers, and 40ft containers. They offer clearing services for sea shipped cargo, customs clearance, inland transportation, quick scanning at Lagos terminals, deliveries, distribution, and export services.
Address: 24 Adeniji Close, Off Itire Road, Surulere, Lagos.
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This firm provides a range of services in freight forwarding, warehousing, distribution, and customs brokerage.
Address: 23, Oslo Way, Ajao Estate, Oshodi Isolo, Lagos
10. Meliorem Business Solutions Limited
Meliorem is involved in the exportation of solid minerals from Nigeria to other parts of the world.
Address: Plot 234, Opposite Block Thirty, Festac Extension, Amuwo Odofin, Lagos.
Note: Click here to learn the export business model that generated over N10,000,000 in one year.
Consider Starting Other Businesses in Nigeria
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