Business
NEPC Sets Guidelines For New Exporters
In a bid to encourage
new entrants into the export business, the Nigerian Export Promotions Councils (NEPC), has outlined strategies in the export of Nigerian products successful.
According to a release from the zonal office of the agency that was made available to The Tide on Friday, it stated that beginners do their homework properly with a view to knowing themselves.
The release stated that beginners need to realize that it was a commitment for a long time business.
An overview of the export trade includes what products and services that could be exported from Nigeria under categories that include merchant, Agent and Producer / Manufacturer.
One major challenge, the statement explained as a beginner in the trade include lack of product and market information, logistics management of export procedures and documentation, lack of access to fund to start export businesses, amongst others.
On how to develop an export culture, the statement listed ignorance about export culture, becoming aware of exports and doing nothing and the need to attending workshops and seminars and conferences to acquire export knowledge.
In order to start exporting, the statement said individuals, companies/ cooperatives should seek further understanding by registering with NEPC as an exporter.
Others include export quotation product sourcing, market knowledge, funds sourcing, making an export offer, payment methods as well as documentations.
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