Exportation is a striving but challenging business to embark on in Nigeria. The process of getting required documents with a faint knowledge on how to go about it would leave one stressed out and frustrated. It is, therefore, necessary to get handful information on the documents you will need for exportation.
The Nigerian government has laid down the requirements and the consequences of defaulting could lead a massive loss of investments. The Export documentation needed are as follows:
A country full of vast resources like Nigeria has been limiting her opportunities in export business. In order to increase the country’s Gross Domestic Product (GDP), the government has also engaged in activities that promote exportation in Nigeria. On 22nd of June,2017, the Nigerian Government introduced the exportation of yams to the Nigerian market. 72 tonnes of yams were exported to the United Kingdom. The long term lack of Nigerian products in other countries is alarming as the demand for Nigerian products are on the rise.
The Nigeria exports business is no doubt a very profitable one to venture into. With a whole lot of resources at our disposal, investors have continued to expand their horizons in the different states of the country. The export returns will not only increase the livelihood of the parties involved but also the economy at large. The Gross Domestic Product (GDP) will continue to grow and the heavy dependence of foreign products would soon end. However, exportation is not left out of the ills of the corrupt system in the country; leaving a scar to the country’s image.