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<\/p>\nExport business is one of the most lucrative ventures in Nigeria. In this post, we take a look at the 10 hottest agricultural exports products in Nigeria.<\/p>\n
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But first, let\u2019s take a look at how to launch your own export business<\/a>.<\/p>\n First, you will need to have your business registered with the Corporate Affairs Commission (CAC). You will also need to register with the Nigerian Export Promotion Council (NEPC). The purpose of the NEPC is to promote Nigerian export products and ensure proper documentation of export transactions. Registering with the NEPC will help you connect with buyers while also presenting your export produce in foreign trade fairs.<\/p>\n Once you\u2019re registered with the CAC and NEPC, you can get your export documents and begin contacting buyers. The documents include commercial documents, quality documents, shipping documents, and the tariff concession documents.<\/p>\n Another important step is finding suppliers. You will need to consider the location of the supplier, the quality of the product provided by the supplier as well as the price of the product. Once you have found suppliers, the next step is locating your buyers. These buyers are usually located in different countries and you will need to have a community of buyers if you want your export business to be successful. You can use the internet to find international buyers. Another option is to locate buyers by attending international trade fairs. Some of these fairs are organized by NEPC and they serve as an excellent meeting point for buyers and sellers.<\/p>\n Ginger is one of the most traded spices in the world and Nigeria is one of the largest producers. Interestingly, the process of export ginger isn\u2019t so difficult; you just need to know what to do.<\/p>\n The first step is to do your research; then you must register your business and find buyers for your product as stated above.<\/p>\n Palm Kernel Oil (PKO) is another highly sought-after export product. It is the oil extracted from the pulp of palm fruit which is different from palm oil.<\/p>\n PKO is used to manufacture cosmetics, pharmaceutical products, and confectioneries. Nigeria is one of the major exporters of oil palm producers alongside the likes of Malaysia and Indonesia.<\/p>\n Each year, Nigeria exports an estimated 1 million metric tons of palm oil per year which has a value of $1.8 billion.<\/p>\n Nigeria is one of the major producers of cocoa products, and cocoa butter is one of the prominent products that is often exported.<\/p>\n Cocoa<\/a> is the second major non-oil foreign exchange earner in Nigeria after leather. It is produced in 14 states of the Federation namely Ondo, Cross River, Oyo, Osun, Ekiti, Ogun, Edo, Kogi, Akwa Ibom, Delta, Abia, Kwara, Ebonyi, and Rivers. In Africa, Nigeria is the third largest cocoa grower in Africa and producing about 400,000 MT of the commodity.<\/p>\n Over 98% of the product is exported and it provides means of livelihood and employment to over five million {5,000,000} people.<\/p>\n Rubber is one of the prominent export products in Nigeria. It is one of the three cash crops alongside palm oil and groundnut that is exported in Nigeria.<\/p>\n In 2013, Nigeria earned over N300 billion within the first three months of the year. The country exports about 60,000 tons of natural rubber annually.<\/p>\n Currently, rubber is grown in Edo, Delta, Ondo, Ogun, Abia, Anambra, Akwa Ibom, Cross River, Rivers, Ebonyi and Bayelsa States where the amount of rainfall is about 1800 mm to 2000 mm per annum.<\/p>\n According to the International Rubber Study group, the global demand for natural rubber may reach 14.2 million tons by 2020, while the production of natural rubber can reach only 13.6 million tons\/ year in 2020. Demand for natural rubber for the automobile industry in China and India is also expected to increase further, this makes the export of rubber a lucrative venture for businessmen. You can check this article by California Industrial Rubber Co.<\/a> for more information.<\/p>\n10 Hottest Agricultural Export Products in Nigeria<\/strong><\/h2>\n
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Ginger<\/strong><\/h3>\n<\/li>\n<\/ol>\n
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Palm Kernel Oil<\/strong><\/h3>\n<\/li>\n<\/ol>\n
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Cocoa Butter<\/strong><\/h3>\n<\/li>\n<\/ol>\n
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Rubber<\/strong><\/h3>\n<\/li>\n<\/ol>\n