If you’re looking to export your FMCG products to Nigeria, you should know a few things first. For starters, you’ll need to find an accredited Nigerian distributor that meets the Nigerian National Standards Organization (NOSON) specifications. Once the FMCG Export To Nigeria is found and approved, they will provide all necessary paperwork for classification and importation.
Unfortunately, exporting goods is not straightforward, and you must know what problems could arise when exporting to Nigeria.
Role of FMCG Export To Nigeria
1. Find A FMCG Export To Nigeria
Many exporters need to understand a distributor’s role in the Nigerian market. NOSON, the Nigerian standards organization, must accredit distributors before they can legally import products into Nigeria. In addition, distributors have to be officially approved to serve as an agent between the importer and Nigerian Customs.
2. Trade License
Nigerian Customs provide an import license if your goods are classified properly and don’t fall under items prohibited in the country. FMCG Export To Nigeria will provide the necessary documents for classifying and importing goods.
3. Value Added Tax (VAT)
Exporters who plan on selling their goods in Nigeria will also have to pay value-added tax (VAT). FMCG Export To Nigeria charges VAT on top of the price stated on your invoice. VAT taxes most goods and services in Nigeria, including imported goods.
4. Commodity Control
Goods exported to Nigeria are subject to importation taxes. These taxes include, but are not limited to, fees for shipping goods by sea and fees for importing goods by air. These importation duties vary depending on the classifications of the goods being imported into Nigeria, and they may also be subject to other regional taxes that Nigerian Customs impose.
5. Customs Clearance
Nigerian Customs requires that any goods imported into Nigeria be cleared through customs before they are allowed to be sold in the market. Exporters must pay the appropriate duties on the imported goods or face a penalty fee. It is important to note that Nigeria Customs has the right to confiscate and destroy goods illegally smuggled into Nigeria.
6. Documentation Issued By Nigerian Authorities
FMCG Export To Nigeria will provide all necessary documents related to your importation needs in Nigeria. These documents are required for the importation of goods into Nigeria. In addition, they can provide all the documents necessary for importing goods into Nigeria.
7. Transshipment
Transshipment is a term used to describe the export of goods containing one or more different sets of packaging and labeling. Nigeria Customs follows strict rules regarding classification and transshipment duties. FMCG Export To Nigeria will provide the documentation for transshipment requirements in Nigerian laws and regulations.
Conclusion:
Doing business in Nigeria is only sometimes the easiest due to the many rules, regulations, and high customs duties. However, if you are willing to take the time and have patience, there are many opportunities for FMCG exports to Nigeria in both the private and public sectors. That is because they want to increase their economy by increasing their domestic consumption. As a result, Nigeria is rich in many natural resources.
