With dwindling oil revenue in Nigeria, instability of crude oil prices, scarcity of FX and import irregularities and instability, price instability etc, there is a massive shift by investors into the non-oil sector investments and exports.

The Nigerian export business and investment is driven primarily by the Agricultural commodities and the mining sector.

This article intends to provide a basic export education for the Agricultural export for intending and prospective exporters.

First of all, do your homework and know yourself. Realize that it is a commitment for a long, long term. Know your strengths and go for it. Outlined below is a guide to export trade:

An overview of Export Trade

Categories of Exporter
You can export Products/Services from Nigeria under the following categories:
– Merchant
– Agent
– Producer/Manufacturer

Challenges
As a beginner in the trade, you may experience some challenges. Some of which are:
(i) Lack of product and Market information
(ii) Logistics Management of export trade

(iii) Non conversant with export procedures and documentation

(iv) Lack of access to fund to start export business

(v) Lack of export culture

How to develop an export culture

(i) Start attending workshops/seminars/conferences to acquire export knowledge and
(ii) Focus on one or two commodities.
(iii) Get extensive education and training and investment information on commodities of interest.
(iv) Pick up trial contract and begin to export.

To start exporting, individuals, companies/cooperatives should seek further understanding on the following subjects:-

Continue reading;http://www.edition.agronewsng.com/agro-business/agro-export-basics-for-beginners/