Will Export From Africa Ever Rule the World?

Nigeria’s fledgling meals export enterprise turned into dealt a final blow last year while the EU placed a ban on beans imports – after over four instances, the suited amount of pesticide residue became detected. These come after a previous ban on melon seeds for unacceptable tiers of aflatoxin.

The EU positioned this sanction due to the fact inside years, more than 50 shipments from Nigeria had rejected at the EU border. The temporary ban, which turned into supposed to be lifted in June 2016, was extended by using an extra three years for failure with the aid of the Nigerian authorities to install structures that will guarantee such issues do no longer reoccur.

The effect of this turned into no longer only significant revenue losses for the nation but ruined popularity the world over for other exported commodities. The story of Nigerian agriculture need to function a lesson for African governments in search of to develop their agribusiness: they no longer just recognition on increasing their food production but on growing high-quality products which can compete globally.

Today, major African economies conflict due to plummeting sales from herbal sources, which include oil, gold, and coal. The argument for the various financial system and meals security has incited an elevated donor, government, and private region interest in investing in agro-enterprise. Also, with agriculture presently employing more than half of the labor pressure in Africa and a projected global population increase to extra than 10 billion by using 2050, a few traders communicate of the capacity for Africa to feed the arena.

However, despite this expanded investment, the meals enterprise in maximum Africa countries has yet to maximize its potential. Like every other enterprise, to maximize our returns on investment, we have to meet global standards. Until we do, we will hobble as a continent by way of change bans and the low pricing of our meals exports.

Training may be discovered from nations in South America who have devoted themselves to providing the sector with pleasant food products. For instance, Uruguay thought for premium beef exports which money owed for more than 1.6 of every 10 objects exported from the United States of America. They knocked their opposition (Argentina and Brazil, which each have a more significant capability) out of the game, to advantage the EU, US, and Chinese markets. This feat did now not come reasonably-priced; it took a long time of branding, meals protection and significant reforms, and investment.

Import Export Business Opportunity

The economy of Nigeria ruled via crude oil and petroleum, at the side of manufacturing and processing industries and agriculture.

Nigeria is the largest oil manufacturer in Africa, and amongst the six largest manufacturers inside the globe, with a reserve of over 20 billion barrels. Nigeria is a central member of the Organization of Petroleum Exporting Countries (OPEC).

Nigeria is wealthy in mineral and useful resource deposits, such as uranium, gold, coal, and diamond and other valuable stones, iron-ore, lead, zinc, tin, magnesium, niobium, and Nigeria is the leading producer of columbite within the international.

Rice, cassava, yams, coco yams, candy potatoes, sorghum, millet, beans, corn, peanuts, cocoa, plantains, palm oil and kernel, kola nuts, a selection of result, greens and herbs, goats, sheep, farm animals and other livestock, fish, prawns, and sea foods farmed on the market in the home marketplace and for export to countries overseas.

The primary industries in Nigeria encompass beverages, textiles, cement and bricks, meals, wooden, aluminum, leather-based, vegetation, at the side of coal, diamond, and gold mining; also crude oil exploration and refinery. Crude oil and petroleum products represent the main exports of Nigeria.

Nigeria import-export – Nigeria business investments and export opportunities consist of solar, renewable strength, style, lifestyle, FMCG, net, cell, ICT, IT, heavy equipment, building, production, and civil engineering substances and gadget

Business, Commercial & Trade Investment Opportunities in Nigeria

Nigeria received independence from Britain in 1960. It occupies a complete landmass of about 923,768 square kilometers. It is bordered to the north through Niger and Chad, to the south through Cameroon and the Atlantic Ocean, and to the west through Benin and the Gulf of Guinea. Its weather is tropical, with a median temperature of 860F or 300C.

The united states of Nigeria include various terrains, ranging from: savannah grassland, plateau, highlands, Sahara sands, flatlands, lowlands, lakes, rivers, mangrove swamps, to rich, dense tropical rain woodland.

The forests and rivers of Nigeria include: a wealth of wildlife, such as monkeys, snakes, a significant type of birds, more than one insects and butterflies, elephants, antelope, hippopotamuses, crocodiles, leopards, bears, rabbits, porcupine, ostrich, guinea chook, pythons, wild farm animals and horses, and a ramification of reptiles; together with palms, baobab, iroko, cotton, mahogany, ebony, acacia, and a large sort of other timber

Starting, Setting Up Or Developing A Business in Nigeria?

First of all, start with the aid of signing up for some business making plans courses. After you’re done with that, you need to sit down and take some time to learn the way export business in Nigeria works. Nigerian export market is large and complex and you must not move in unprepared. Figure out what prison documents you may want, go-to online business forums, and ask experienced businesspersons about the pitfalls of export businesses in Nigeria. Decide on what you are going to sell, and where you’re going to get it, Nigeria is a rustic rich in matters you may promote to different continents. The listing of viable products for export consists of (however, is not restrained to): Oils. Palm oil, palm kernel oil, coconut oil, sesame seed oil, you name it. These products are always in high call for in nations with chillier weather. Countries in Asia, Europe, and the Americas have a large marketplace for this product, and Nigeria has high-quality satisfactory charcoal; Fruits and juices. Nigeria can provide masses of fruits that are taken into consideration beautiful in such countries as the United States. Also, the cotton business is currently on the upward push in Nigeria. Once you’ve decided on what you are going to export, you need to do not forget how you will get that product. You can both grow/make it yourself or buy it from a person else. If you are a primary-timer, the second option is lots more comfortable. Find a way to finance your commercial enterprise. If you have got a truckload of cash that you don’t realize a way to spend, you can pass this step. But if your concept of starting an enterprise runs totally on your enthusiasm, consider where you could get the wished funds. Take out a mortgage, however be cautious with that; there may be no guarantee your business will be worthwhile. Ask your friends and relatives for some cash, although now and again, borrowing money from human beings near you negatively affects your dating. Alternatively, find someone with masses of money who’s inclined to invest in your idea. Just be sure you are at the identical web page about your monetary dating.  After you have got figured the perfect element, it’s time to visit the following step. Register your employer and your business cope with for other human beings to take you significantly, you need to check in your enterprise.  Register a workplace on your enterprise. It doesn’t have to be a real workplace; you may use your deal with this. Register your organization with the Nigerian Export Promotion Council (NEXP). Nigerian Customs Service Get all the required allows and licenses this step calls for you. You bought the necessary licenses and let in for the government and capacity customers to recognize you as a dependable commercial enterprise.

The Development of Export Trade In Nigeria

According to Hungarian Economist BelaBalassa, “export-oriented rules, aside from supplying comparable incentives to income in both domestic and overseas markets, lends to useful resource allocation in line with comparative advantage, allows for extra potential utilization, generates technological development in response to competition abroad and hard work-surplus nations, contributes to increased employment.” four

Also, the Observatory of Economic Complexity (OEC)five, in 2015, ranked Nigeria as the 49th largest export financial system inside the world, having exported items/products well worth properly above $47.8 billion and imported items well worth $39.Five billion.

The export of commodities consisting of crude oil is the central aspect at the back of Nigeria’s economic boom, contributing substantially to the growth of export exchange in the USA. It has additionally hooked up Nigeria’s comparative advantage beneath the mineral fuels segment. While mineral fuels may be a countrywide treasure resulting in a subtle impact on net export, other commodities which can be imported into Nigeria (equipment, plastic, rubber, and motor vehicles) may be disproportionate as a result main to a global change deficit.

In a circular issued through the Central Bank of Nigeria in April 2017,6 the Federal Government permitted the reduction of documentation requirements and the timeline for import and export exchange transactions in Nigeria. The Federal Ministry of Finance among numerous features is in control of the administration of fiscal incentives following the provisions of existing statutes and International Agreements or Protocols. One of those incentives includes the exemption of export merchandise from the price of cost introduced tax. The Ministry also publishes export guidelines for non-oil exports that are revised now and then.

The Nigerian Government, through the Ministry of Industry, Trade and Investment, seeks to make sure the diversification of the useful resource base of the economic system by promoting change and funding with

Particularly emphasis on the export of non-oil and gasoline sale on the way to lead to wealth and employment creation, reduction within the fee of poverty and also make sure more benefits carrier transport in a way an excellent idea to stimulate the increase of the home economic system for self-reliance while making it higher export-orientated and included into the worldwide marketplace.

As the authentic banker of Nigeria, the Central Bank of Nigeria (CBN) is accountable for the overall manipulate and management of the economic and fiscal rules of the Federal Government. The financial institution presents financial and monetary services to the authorities and ensures that the country is on a sound monetary footing.

Also, the Bank affords brief and medium period loans to Nigerian exporters in addition to quick-time period guarantees for loans granted via Nigerian Commercial Banks to exporters as well as credit score coverage in opposition to political and commercial risks within the event of non-price by using the overseas client. Some of these loans are to be inside the form of export credit score facilities which are as follows:

Central Bank of Nigeria (CBN) has elevated the Export Credit Rediscounting and Refinancing Facilities (RRF) via N50 billion to guide the Deposit Money Banks (DMBs) inside the provision of pre- and post-shipment finance to exporters to adopt export transactions with NEXIM Bank as the dealing with the agent.

Foreign Input Facility: This offers manufacturers of export products foreign currency loans to import capital device, packaging and uncooked substances to produce finished products for export.

International Import and exporting company

  • ECOPLATINUM INTERNATIONAL LTD

Ecoplatinum International Ltd was established in 2011 and incorporated in 2016; Ecoplatinum International Ltd has come to be a primary indigenous supplier in top pleasant agro-allied products sesame seeds changed into established in 2014 along with her head office in Lagos Nigeria. We have merely assorted cashew nuts supply excessive first-class produce and export international at competitive costs. We work with farmers, the number one producers, to get high-quality yields by way of offering inputs like seeds.

  • PETMASOLA Global Resources

Supplier of: Agriculture – import-export change worldwide confined is a subsidiary of Petmasola worldwide assets. Sky top trade becomes established within the yr 2018, and Petmasola changed into established inside the yr 2015.

  • EUROPAGESADD YOUR COMPANY
  • DRUPE RESOURCES CONCEPTS LIMITED

Drupe Resources Concepts Limited is a licensed exporter of agricultural produce with the Nigeria Export Promotion Council in Nigeria. We deal in the exportation of coins plants together with the supplier of agricultural produce food manufacturer of cash provider of agrarian produce

  • MELAN ROCK LIMITED

MELAN ROCK LTD changed into incorporated in January 2009 to engage in the commodities export enterprise. The Company has various selected commodities that she specializes in to deliver value to her clients. We Supplier of Agriculture – import-export incorporated for the reason that 1999 to hold at the business of exports of Agricultural Products, including Raw cashew nuts, sesame seeds, charcoals, cocoa seeds, palm oil, and kernels nuts. The value and Supplier of Agriculture – import-export uncooked cocoa seed a valuable agriculture commodities and Hardwood charcoal processing and export corporation with enjoy and considered necessary understanding to meet your products and charcoal want. We process, briquettes and charcoal sticks

  • OROBSONS LIMITED

We are an Agricultural product deliver employer located in the Capital City of Nigeria, Abuja; we deal in Sesame Seed, Charcoal, Cashew Nuts, Maize, Wheat, Ginger, Yam, Cereal and spices, groundnuts, Supplier of Agriculture – import-export deliver from Nigeria, etc

  • P.R.I. GLOBAL VENTURES LIMITED

Trading organic agricultural produce below fair exchange policies, mainly shea butter, is our middle consciousness. Our shea butter is unrefined, organic, grade-A and produced the use of traditional methods Food – import-export merchandise shea butter

  • HAYLOFT LIMITED

We are a shea network initiative, operating with the ladies nut pickers and shea processors within the neighborhood shea producing groups. Our top-class first-rate shea butter is handcrafted shea nuts

  • ANURAMON LTD

We are primary Nigerian organization sesame seeds dealer trusted

  • STOREHOUSE INTEGRATED INVESTMENT LIMITED

We are Storehouse Integrated Investment Ltd. One of the first agricultural products delivers corporations in Nigeria with corporate affair commission registration variety RC1398457. We also are a member Supplier of Import-export – meals cocoa beans

  • EVDONA FARMS

Evdona Farms is a primary supplier of all Agricultural products, mainly tubers, and grains of different kinds. E.g. maize, millet, guinea corn, yam, cassava, potatoes, etc We supply to manufacturing Supplier of Import-export – food and agriculture pics jars for food abattoir with agreed save

  • BGC LIMITED

We are exporters of agro products which include charcoal, shea butter, kola nut, and cassava, etc. to international locations all around the world supplier of Import-export – food and agriculture sell Sesame Seeds, Gum Arabic, and Shea Butter. Our merchandise properly refined in purity that meets all international food and components specifications within the global market. Supplier of: Import-export – food gum arabic

Export opportunity

The federal government of Nigeria has prioritized agricultural development underneath. Its monetary restoration and boom Plan, which seeks to create new jobs in labor-extensive sectors together with agriculture. Boost agriculture’s GDP contribution to more than 8% by 2020, from contemporary levels of between 3% and 4% annually, and make the U. S.A internet exporter of essential plants which includes rice, cashew, groundnuts, vegetable oil and cassava. The government is transferring to construct on a recent regular increase in each crop manufacturing and agricultural exports via some of the regulations, which include the improvement of staple crop processing zones (SCPZs) and reforms to the friendly control method. Cassava and sugarcane have an especially high capability for export growth, as evidenced by using significant non-public investments, one of with a purpose to see a new biofuel plant set up in Kogi kingdom, probably linking to certainly one of 14 planned SCPZs.

Preserving Momentum

In November 2017 the government released a document declaring that agricultural export receipts stood at N212.7bn ($687.7m) in 2016, representing 4% of total trade. In January 2018 the federal authorities pronounced that Tin Can Island at Lagos’ Apapa Port recorded a 160% increase in agricultural exports in 2017, with the government now hoping to cognizance on improved fertilizer blending and plantation crop mechanisms so that it will similarly enhance agricultural output. Nigeria produced 367,000 tons of cocoa beans in 2017, according to the Federal Ministry of Agriculture and Rural improvement (FMARD).

Exports have maintained a regular upwards trajectory, and the National Bureau of data (NBS) reviews that agricultural goods exports rose zone-on-area by way of 54.9% within the fourth region of 2017 to N44.7bn ($144.5m), and year-on-year using 170.9%. Complete-12 month’s agricultural exports rose through 180.7% over 2016 degrees to hit N170.4bn ($550.9m). Export overall performance indicators remained fine into 2018, and in may the Nigeria Customs carrier (NCS) mentioned that the free onboard fee of agricultural commodities shipped from Tin Can Island soared via 402.2% within the first quarter of 2018 to N29.2bn ($94.4m), with the entire volume of exports leaping with the aid of 558.Five% over the same period to 45,462 tones.

Even though food production and agricultural exports have each proven robust current growth, the UN meals and Agricultural Corporation of the united countries (FAO) reviews that manufacturing hurdles have negatively impacted agricultural and macroeconomic growth. With cost delivered in keeping with a capital in the quarter rising using much less than 1% annually in recent decades. In step with the FAO, it anticipated because of declining productiveness in Nigeria Loses $10bn annually in export possibilities for predominant vegetation which includes cocoa, cotton, palm oil and groundnut, at the same time as increases in food crop manufacturing outpaced by way of population growth, central to a surge in food imports (see evaluation).

Excellent manage

Improving exceptional control standards will assist Nigeria in increasing its export markets in the coming years. In a document released in November 2017, FMARD mentioned its work at the single satisfactory manipulate management Plan. This 5-12 months movement plan, running to 2021, aims to convey Nigerian agricultural exports up to international standards. As it turned into requested by the ECU, FMARD and EU officers met twice in early 2017 to speak about food protection, and the “0 rejects” purpose for Nigeria’s products. FMARD officials have said that standards and exceptional control measures now evolved to improve compliance with ECU guidelines.

One crucial intervention could be to enhance meals packaging through reforms to plastic bag production tactics. Which has been recognized as a concern after the EU rejected 24 classes of Nigerian meals imports in 2016? Some other vital pillar for advanced exports might be the development of the brand new SCPZs. We are developing a network of agro-manufacturing hubs that goal to play to the United States of America’s regional agricultural strengths, similarly to boosting private zone funding in Nigeria’s agriculture value chain.

Export zone development

In January 2014, underneath its new alternative policy, FMARD announced plans to set up this community of SCPZs to attract private agricultural funding for processing vegetation across various excessive-manufacturing areas located across the U S A.

The ministry has outlined fiscal, investment and infrastructure incentives to inspire SCPZ development, with the government plans to offer tax breaks for imports of the agricultural processing system. Tax holidays for meals processors located in an SCPZ and authorities-funded infrastructure along with high-quality roads, logistics, storage facilities, utilities, and flood manage, rail and air connectivity. Under FMARD’s plan, each zone will link farmers to meals production flora, with public investment expected at the kingdom and federal ranges. Some 14 SCPZs might be developed in phases, with the first phase protecting six zones. In February 2014 the UN business development organization (UNIDO) predicted that the first segment of SCPZ improvement would value $1.06bn, with zones predicted to be hooked up within the states of Kogi, Kano, Rivers, Niger, Enugu and Anambra. In line with UNIDO, investment requirements could cover specialized aid centers including improved avenue, rail, air and seaport connectivity, with the SCPZ in Kogi country predicted to be the most steeply-priced at $314.7m, observed by that in Anambra ($186.6m), the Niger ($181.4m), Kano ($151.1m), Enugu ($149.7m) and Rivers ($sev.6m). Each SCPZ will awareness at the production of first nearby staple plants. Kogi nation’s SCPZ in Agbadu-Alape will concentrate on cassava production; the Omor, Badeggi and Adani SCPZs in Anambra, Niger and Enugu states, respectively, will specialize in rice manufacturing. The Bunkure SCPZ in Kano nation will offer rice, tomato and sorghum processing; and the Okorolo SCPZ in Rivers nation will cognizance on fisheries and agriculture.

Private sector investment

UNIDO said that individual traders had already been secured for three SCPZs as of February 2014, together with Cargill United States in Kogi, Nigeria Flour mills in Niger and Dangote organization in Kano. Extra current funding announcements have also reinforced the outlook for SCPZ increase. In November 2017 it changed into suggested that the authorities had partnered with Turkish investors to establish the $1bn Badeggi SCPZ in Niger country, with operations anticipated to begin in 2019. The unnamed Turkish investors will offer preliminary funding of $250m, with $800m of new capital to observe.

Sugarcane processing and export is likewise slated for good-sized growth. After the Nigerian countrywide Petroleum Corporation (NNPC) and Kogi nation government signed a memorandum of understanding in February 2018 to set up a gas-ethanol processing plant that may hyperlink to the Kogi kingdom SCPZ. Government also is inspecting the possibility of building biofuel flora using cassava as a feedstock, according to an NNPC press launch. The authorities file the sugarcane biofuel mission will include a cane mill and an uncooked and refined sugar plant that techniques 126,000 tons annually; the Bagasse co-era plant, to generate 64 MW annually; and a carbon dioxide healing unit and bottling plant, to be capable of processing 2000 tones of CO annually. Sugarcane feedstock may be sourced from a close-by 19,000-ha plantation, as a way to also produce 63,000 tons of animal feed yearly.

Cassava capability

Subsequent up, the authorities plan to create a unique-purpose automobile to increase the assignment, with the NNPC reporting that its renewable strength division will help with the assignment’s CO recovery element. The department was created following the discharge of a federal government directive to industrialize agriculture, the intention of that is the commercialization of biofuel production from decided on vegetation, together with cassava. Cassava also holds immense export potential in mild of the EU’s selection, taken in January 2018, to section out palm oil imports via 2021. Asian palm oil exports to the ECU can for that reason be anticipated to decline substantially inside the coming years, and Nigerian farmers may want to gain from new ECU export possibilitie.

Agriculture Export Company in Nigeria

  • ECOPLATINUM INTERNATIONAL LTD
  • INFITAGE LIMITED
  • HAZLETON GLOBAL LIMITED
  • PETMASOLA GLOBAL RESOURCES
  • DRUPE RESOURCES CONCEPTS LIMITED
  • MELAN ROCK LIMITED
  • ROYAL FAMILY RESOURCES LIMITED
  • GREENFORD RESOURCES LIMITED
  • ROBSON LIMITED
  • P.R.I. GLOBAL VENTURES LIMITED
  • HAYLOFT LIMITED
  • ANURAMON LTD
  • ALISHAINAB MULTINATIONAL LIMITED
  • STOREHOUSE INTEGRATED INVESTMENT LIMITED
  • EVDONA FARMS
  • BGC LIMITED
  • ABU-AMAD NIG. LIMITED

Export for International Trade

Nigeria often exports petroleum and other uncooked substances, which include cocoa, rubber, palm kernels, natural oils, and fats. It imports secondary products consisting of chemicals, machinery, delivery equipment, manufactured goods, meals, and animals. The dependence on oil and some different commodities for export brought about Nigeria to come to be particularly susceptible to global oil charge fluctuations.

During the colonial years, Britain becomes Nigeria’s leading trading accomplice. After independence, Nigeria diverse it’s trading partners. It now trades globally with approximately a hundred international locations. The United States replaced Britain as the number one trading associate inside the Seventies. However, Britain remains Nigeria’s leading vendor, selling the former colony extra than 14 percent of its imports inside the Nineties. Other essential buying and selling companions are Germany, France, the Netherlands, Canada, Japan, Italy, and Spain. Nigeria’s meager trade with Eastern Europe and the previous Soviet Union declined even further after the crumble of Euro- Communism and the breakup of the Soviet Union within the early 1990s. Nigeria’s alternate with sister African countries—specifically with different West African participants of the Economic Community of West Africa (ECOWAS)

Conclusion

Nigeria has profited from global change over the years. But, the profits of trade may be higher if the financial system and the production systems have been responsive and more adaptable to adjustments each internally and externally based on the global monetary policy. In ever converting and fairly competitive global surroundings, Nigeria desires to constantly re-take a look at, revise and re-examine resources of strengths, weaknesses, opportunities and threats. (SWOT analysis) to be able to broaden appropriate coverage techniques that can cause maximum national advantages within the context of diagnosed issues Primarily based on the findings of the study, the following tips have been made;

  1. For the reason that there is a beautiful long term relationship between exports and economic boom. The Nigerian financial system wishes to pay attention to the exportation of finished items as opposed to the exportation of primary items which ultimately. We import as finished goods on the way to enhance domestic manufacturing industries beautify productivity and boom employment, which in the long run, will increase financial growth and development and also increase exportation of completed goods.
  2. There may be a lousy courting among the balance of alternate and monetary growth. So it is counseled that the authorities need to correctly reactivate the non-oil export zone to increase the diversification of the financial system’s export area and additionally growth employment possibilities which would in flip make the stability of trade favorable.
  3. Based totally at the findings of this study alternate openness has a lousy relationship with the economic boom; therefore, it is highly advocated that government must installed area quotas and boom tariff-barriers to prevent dumping which arises from alternate openness.

How manufacturers and exporters in Nigeria benefits from ecommerce

That Nigeria is in a recession is no longer news. However, while the Central Bank and the Finance Ministry are recently just making this formal declaration, small and medium scale businesses have known long before the recent announcement of a negative growth index in the country’s GDP for the last quarter.

For SMEs, it is not the numbers on fancy excel sheets that tell them but their increasing high cost of operations, the weak currency and forex restrictions and inordinately high cost of imported goods, which form the bulk of what we consume in Nigeria. Arguably, local manufacturing businesses are the hardest hit as they have to add to their shopping list of worries, erratic power supply (the worst in decades) and a sharp fall in local demand for their goods due to the fall in purchasing power of the general populace.

That said, it is not all doom and gloom especially for local manufacturers who can potentially benefit immensely from all-time-high dollar exchange rates by pushing their products into export markets to earn export dollars. But how would they do this?

E-commerce provides an opportunity for the local manufacturer to reach the world and be found repeatedly by willing buyers within and outside Africa. While e-commerce platforms abound in Nigeria, cokodeal.com is the platform that focuses SOLELY on creating market access and linkages between local manufacturers in Nigeria and the outside world (to the best of my knowledge).

It promotes the business of its clients by creating web presence for them that can easily be found globally through optimized online search technology, saving them a fortune on advertising on alternative media or other traditional advertisement mediums. A key feature of the cokodeal.com e-commerce is its pricing mechanism which is designed to remove currency exchange barriers to trade. Buyers are able to see seller prices in their different locations in the local currency of whichever location they are searching from.

In addition to the global visibility, cokodeal.com offers support facilities for local producers who oftentimes are not as technology savvy or informed and provides information and advisory to local business proprietors on what to do to bring their products to global standards and make it more attractive in global markets.

The value proposition is admirable in that it looks beyond the present and focuses on a future Nigeria that has come to realize its manufacturing potential, diversifying to non-oil exports. This future view notwithstanding, it offers a practical solution in present times while positioning SMEs for market leadership in the emerging context of increase border trade of non-oil export.

 

As featured on www.businessdayonline.com

Getting your first local and foreign customer with cokodeal

You have a product you want to sell and you’re looking to find foreign buyers. You’ve  heard about cokodeal.com and how it provides a platform for seamless electronic transaction and a system for smooth business transaction between seller and buyers in export trade across Africa, so you decided to create a store hoping to boost sales. Now you’re done creating your online store and you’re wondering- how do I get my first customer? This is one huddle a lot of customers face, Sometimes it takes months to get foreign buyers. So to ease your stress, this is how cokodeal would help you get your first customer: First and foremost- Optimize your store content! When setting your online store, be sure to use the right keywords that suit your niche. Keywords are the certain words your customers type on their screen to search for products they have interest in. So it’s important to know what keywords suit your business and build on it to attract customers your way. If you are a subscribed member, your store name and products will be automatically added to organic keyword search engine optimization done by cokodeal, that allows your products to rank on 1st to 3rd page on Google, making it easier for users to find you.

Cokodeal ad packages

Subscribing to Cokodeal ad package is a very useful tool to generate enough customers to your business. Cokodeal promotes your products across several of its media to reach customers for you. A simple communicating of your business offers to cokodeal fans and user base can get your business buzzing with buyers.  Although it costs a few bucks for subscribing but it fast tracks your possibility of getting customers sooner than you expect. Cokodeal homepage host 10 banners on site that can feature your business to our daily visitors. Creating an awareness that spur leads to your business. This has proven to be a guarantee method to generate both local and foreign buyers. cokodeal ads premium banner pageCokodeal twitter page has over 12000 followers and it keeps growing. Just a mention of your business on this platform can get you in front of your customers in no time. Cokodeal host 150 social media influencers with over 1,000,000 followers to list your keywords on twitter trend list that will reach over 10million impression of people that get to see it. cokodeal twitter Cokodeal can feature your business on one of its blog posts which boosts your presence online and optimize it to rank in first 3 pages of Google for your keywords. Creating multiple organic search for your business, that often lead to sales. 7 ways to find foreign buyers for your Nigerian productsBlog feature of a kola-nut supplier

 

Cokodeal can Land your business in the press Landing your business in the press is a huge step in getting customers. It is a bold statement that says you have resources to get your business to your customers. You can tap into this opportunity when you signup for ad and get a mention in one of our publications. Its just all about your budget, your target market and how best to reach them.

Cokodeal is an evolving business model and as time goes on more options would evolve to give customers the best experience.

Don’t hesitate to leave any question in the comment box below.

7 Ways you can find foreign buyers for your Nigerian export products

Cokodeal platform supports hundreds of businesses to connect with international buyers and succeed daily. If you find this article valuable, kindly share with others. “We rise by lifting others”  SELL HERE

 

Exportation business is a big business around the world. When you see the volume of imports into Nigeria, you would see how much business people in other countries have made by selling to customers outside the shores of their lands. No country has it all, hence there’s bound to be trade among countries.

It is no exaggerating when we say Nigeria is blessed with loads of resources in demand around the world; Palm Oil, Cassava, Sugar cane, Charcoal, Maize, Cocoa, etc these are resources in abundance in Nigeria that have ready markets outside Nigeria. With Exportation projected to be worth $30 billion according to Nigerian Export Promotion Council (NEPC), and with the recent economic downturn faced by the country in which many have blamed it on our sole dependence on oil export as Nigeria’s only source of economic sustenance, it is expected that Nigeria move towards more exportation of non-oil resources.

Having said that, how we go about getting foreign buyers is a tough task as one has to consider tough factors like trust, and tedious activities like logistics and paper works  This post is to give you options on how to locate foreign buyers for your Nigerian Export products, so let’s get to it right away:

  1. National Export Boards

NEPC Zero-Oil Plan
NEPC Zero-Oil Plan

Pics Credit: NEPC website

 

The NEPC is committed to driving the zero-oil export of made in Nigeria. Registering with the NEPC allows the agency to confirm your status as an exporter on any inquiry and also refer you to buyers on inquiries and facilitate global partnerships. This is mostly done by conducting events like trade shows in which sellers connect with prospects for their products. They are encouraging business people in Nigeria to export more. As a registered member you benefit things like Market entry research to foreign countries, trade information, dissemination of both domestic and international commodities prices etc. The good thing is you can register online on their online portal

 

  1. Countries’ Chamber of Commerce

There are Chambers of Commerce for different countries in Nigeria. We also have bilateral Chambers of commerce to help foster trade between Nigeria and other countries. Nigeria has trade relationships with countries like India, China, Holland, United states, etc. These days it is easier to reach these centers from the comfort of your home by visiting their web portals. A simple google search can help you locate their web address.  When contacting these people you have to have all necessary information they need to convince them you are a genuine business.

 

  1. Buying agents

Buying agents are procurement agents. They represent businesses from other countries looking to procure the necessary resources. Most foreign Buyers work based on research and knowledge that the resources they need is present in the country. So they go about sourcing these resources. You can contact their buying agents in Nigeria and let them know of your products.  Some of the private consultants can be buying agents for other countries in Nigeria since they know more of the markets than the companies abroad do.

 

  1. Online Search Engines

There millions of searches on google everyday while you’re thinking on how to get buyers, a simple positioning yourself for your prospects to find your business on google search can even do the trick for you. If you’re familiar with SEO, It is all about ranking well at the top of any search i.e. when browsers input certain keywords related to your business anywhere in the world, they can find your website among the search results. Some level of investment is needed here to come up with a web page and also to hire SEO experts who can help your web page rank high on the first page. Let’s say for example a company in Europe has identified Nigeria to be cocoa rich, and they need establish connection with suppliers, in the course of their research online, they would probably have visited google to type something like this “cocoa in Nigeria” let’s see the result below:

'Cocoa in Nigeria' Google search result
‘Cocoa in Nigeria’ Google search result

 

 

 

 

 

When you click the first search result, it takes you to the following web page of a business which sells agro-products somewhere in Nigeria:

royalfarmproduce.com cocoa-farming-marketing-and-export

 

 

 

 

So imagine you had created a nice blog post relating these keywords on your web page, what happens is your blog post would appear on the search and it directs your prospects to.

In coming up with your own platform, you have to worry about cost of developing the platform, maintenance, and constant update of content- this can be time and resource consuming sometimes.

  1. Online social communities

You can get busy on social media platforms like LinkedIn and Facebook. I have seen people contact me on LinkedIn from other countries about what product they have and how they’re looking for distributors for their products. Of course there are trust issues, but you should be able to approach people in such a way that it gets their attention.  A lot of things come to play when connecting with people on social media for the purpose of getting quality business network; you should be able to show your business is built with integrity. So starting from you profile information, they all have to be up-to-date and genuine.

  1. Online ads

Google and Facebook ads are most suitable. Depending on your budget, you can run online ads to target several audiences. This is a useful tool to get your products in there for customers to see you. Although it might cost you, but you can really use this means to get quality leads for your products online. Once you get these prospects, be sure to put things in place where your prospects can contact you- if possible get their email address for further follow-up.

Issues with this method is you can spend much and still fall in the hands of wrong people who can scam you off your money. Also, most buyers already have proven network through which they are relatively safe getting buyers and suppliers, they wouldn’t want to try something new. So you have to be really persistent and patient over period of time to see dividend for your effort.

  1. Online marketplace Portals

In the world of eCommerce, sourcing and connecting with businesses across the globe just got easier. It seemed to be the easiest way to do business these days especially when you think of global trading. Instead of travelling across the world to meet or connect with business people, you can do full business transactions and make your money. The beautiful thing about these eCommerce marketplaces is; for a monthly subscription fee, they amass huge amount of traffic to your online store which helps you get more buyers to do more business.

 

To register as a supplier – follow this link –

http://www.cokodeal.com/seller-registration.htm

Credit Source: Raymond from cokodeal

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