How To Export Palm Oil From Nigeria. In Need Of Information On How To Export Palm Oil From Nigeria? Check This Post For More.
Are you worried on how to get fine palm oil across the shores of Nigeria? Are you in need of useful and valid information on how to export palm oil from Nigeria? Then you are on the right platform to get this information. In this article, you are going to learn how to successfully export your own palm oil from Nigeria.
Table Of Contents
- 1 What is palm oil gotten from?
- 2 How can I successfully export palm oil from Nigeria?
- 3 How To Export Palm Oil From Nigeria
What is palm oil gotten from?
Palm oil is the oil gotten out of the palm fruit. It is considered to be edible oil. This type of oil has its roots from the African origin as it is most widely used in Africa. You can get two types of oil from the palm fruit. This first type of oil is the palm oil that can be gotten from the fleshy part of the fruit while the second type of oil that can be gotten is the palm kernel oil which can be gotten out of the kernel.
How can I successfully export palm oil from Nigeria?
If you wish to export palm oil from Nigeria, you would have to follow some procedures. Some of the procedures you would have to follow before you export palm oil from Nigeria include:
- Get properly informed about the international market
- Make plans for the palm oil you would love to export and how you would get it
- Get documentation
- Identify your buyers
Read Also: How Profitable Bakery Business Is In Nigeria
How To Export Palm Oil From Nigeria
Let us now expand these points that we have noted to aid proper understanding.
1. GET PROPERLY INFORMED ABOUT THE INTERNATIONAL MARKET
The first thing you would have to do if you wish to export Palm oil from Nigeria is to get properly informed about the international market. I want you to understand that selling palm oil internationally and local are not the same thing which is the reason I am going to expand this point.
During this stage, you would need to know the port procedure as well as all the licensing requirements you are going to need. If you are confused on how to get all these information, you can ask anyone that has been in the business for a long time and you can also source for information on other platforms.
2. MAKE PLANS FOR THE PALM OIL YOU WOULD LOVE TO EXPORT AND HOW YOU WOULD GET IT
The next thing you would have to do if you wish to export palm oil from Nigeria is to make plans for the palm oil you would love to export and how you would get it. At this point, you would have to determine how you are going to get the palm oil you want to export either by choosing to make it yourself or by paying someone to do it for you.
If you want to buy it from some other person that would do it for, you should search for a place fine palm oils are made and also available at cheap rates so that you would be able to get a much profit as you want. If you want to know the state where palm oil is largely produced in Nigeria so that you would be able to get it at a cheaper rate, you can get at most of the states at the eastern part of Nigeria and they also have fine produced palm oil there.
3. GET DOCUMENTATION
The next thing you would have to do if you wish to export palm oil from Nigeria is to get documentation. In everything you do, documentation is very important to keep track of it. It is quite impossible for you to be able to export palm oil with getting proper documentation. It is at this point you would have to register your company and also do all the commercial documents.
In Nigeria, you can register your company under the Corporate Affairs Commission. However, you should note that you cannot just register your company without the following:
- You must have at least two members of your company and you must not have more than 50 members for your company.
- You cannot have a minor as part of your company. This means that the members of your company must be at least 18years old. The only exception of having less than 18 years old as part of your company is when you have at least two members that are more than 18years old.
- You would not be able p register your company if you have members that are of unsound mind or have been disqualified by CAMA or if they are also bankrupt.
- You would have to have a minimum share capital at least which is 10,000.
- You would have to fill in the Articles of Association and Memorandum
- You would need a statement of compliance from a lawyer
- You would have to fill in a notice of registered address of the business you want to start
- You would also need to provide receipt off your payment of your stamp duties.
The time frame of you getting your company registered should not take more than 3 to 6 weeks.
Apart from getting your company registered, you should also have it in mind that you would need get the shipping document. You would need to get a very good shipping company that would be able to help you ship your goods. You would also be able to get the shipping documents from them.
4. IDENTIFY YOUR BUYERS
The last thing on our list you would have to do if you wish to export palm oil from Nigeria is to identify your buyers. It is important to note that you cannot just get up with the idea of exporting things without identifying who your buyer really are. If you want to be able to make maximum profit from this business, you should export these products to countries that have very high demand for palm oil. Some of the countries that have very high demand for palm oil in the world are: India, China, Bangladesh, Pakistan, Netherlands, Italy, and Germany
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