Small Scale Export Business In Nigeria 2019/2020 | Nigeria Exports Products
- 1 Small Scale Export Business In Nigeria 2019/2020 | Nigeria Exports Products
- 1.1 11 Hot Items You Can Export From Nigeria And Make Dollars
- 1.2 Other Amazing Business You Can venture Into Today
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There are so many products which you can export out of Nigeria to other parts of the world for real profits. However, not many people know about these products. Sometimes, people know what to export but have no idea how to export them. These and more continue to hinder a lot of people from going into exportation business in Nigeria and making gains.
Exportation business earns one much returns on investment (RoI) in foreign currencies (a.k.a. hard currencies), which when exchange to the Naira is most times between 100 – 500 times the value of the Naira. That is why many people go into exportation business in Nigeria.
A good number of Nigerian-made products (a.k.a. Made in Nigeria Goods) sell very well outside the shores of this country due to their high qualities. In the country here though, we may not value them. Yet, on the international market, they are hot cakes.
Below are some of the items you can export outside the country and make a lot of money from:
11 Hot Items You Can Export From Nigeria And Make Dollars
Nigeria happens to be among the largest producers of Ginger in the world. Ginger is also one of the most traded spices in the world. Sadly, in spite of the huge demand for Ginger in the international market, we as a country are not exporting this product as much as we should and I do not know the reason. Trans-Sahara or Trans-Atlantic trade is one of the popular trading grounds where you can leverage on and goods dollars on a regular basis exporting Ginger from Nigeria.
2. Palm Kernel Oil
What is palm kernel oil? Simply put, Palm Kernel oil is the oil extracted from the pulp (nut) of palm fruits. Palm Kernel oil is not palm oil. While palm oil is the oil extracted from the flesh of palm fruits, Palm Kernel oil is extracted still from the palm fruits, but from the kernel (or nut as some may call it).
Palm Kernel Oil has multiple uses. On the international market, Palm Kernel oil is demanded by industries overseas as an additive in the manufacturing of stuff such as:
- Pharmaceutical products and,
The uses of Palm Kernel oil are numerous and there is much income to be generated from it.
3. Textiles and Garments
Textiles and Garments industry in Nigeria has been estimated to generate close to $32bn as revenue when exported from Nigeria. One of the biggest advantages of this business is that Nigerian textiles enjoy duty-free passage into countries like United States, Canada, UK, Mexico, etc.
The United States has been voted as having the largest market in the world for Textiles and Garments. The reasons for the continuous patronage of Nigerian-made fabric (i.e. Textiles and Garments) include its unique, ethnic African and superior designs.
4. Cocoa Butter
Cocoa Butter can be used as sources of chocolates of all nature. What are cocoa fruits used for? Cocoa fruits can be used for the production of products like:
- Skin care products.
- Health products and,
- Pharmaceutical products as well.
Nigerian Cocoa is highly needed in America and the UK and for this reason, cocoa farming is very important in Nigeria
What is a Gallstone? Gallstone is a clay-like solid substance which is usually derived from the gallbladder of matured cows and oxen. Gallstone size is sometimes big or bigger than a chicken’s egg. It is a product demanded like a hotcake by foreign private hospitals, pharmaceuticals etc. due to its wonderful medical uses.
Have you been able to lay your hands on a good quantity of properly dried gallstone? If you have a Gallstone of about 100g well packaged, you will be making a lot of money as buyers are on standby, ready to buy it in either Asia or America.
Rubber is yet another excellent export product from Nigeria. In Nigeria, there are many good Central Testing Laboratories established by the government or private licensing bodies to ensure that only certified products leave the country to Europe and/or America.
Nigeria is lucky to be one of the highest producers of rubber in Africa. One cubic meter of rubber sales for between $400 and $600 while composing this article. This may have, however, changed due to the fluctuation of dollar rate in the international market.
7. Sesame Seed
Sesame seed may sound a bit strange, especially to those who do not know its financial/economic worth. Yes, it will definitely sound strange if you are not from where it is manufactured or processed. Places were Sesame seed can be found in large quantities include Benue and Jigawa states in Nigeria.
In terms of export volume and foreign exchange earnings, Sesame seed product ranks second after cocoa in Nigeria. In the world rating, Nigeria is considered the 5th largest producer of Sesame Seeds. Just imagine the money which you can make exporting this priceless product.
Honey in the international markets at the moments sales for over $150 per Kg. Why is honey such a priceless product for the international market? It is because of its multifarious nutritional benefits? Pure honey is rich in:
- Vitamins and,
- Essential Amino acids etc.
If you sale one liter of honey it can fetch you good dollars in the international market.
Where in Nigeria can we see Shrimps? Yes, we conducted a research and from the research, we discovered that the Niger Delta region of Nigeria is blessed with rich organic deposits of Shrimps in large quantities.
Countries such as Portugal, France, Belgium, Spain, and the USA do not really have these products. So, they opt to import them for their many nutritional, health and allied benefits. This is a chance of making real income exporting shrimps from Nigeria.
Garlic is a hot cash crop in Nigeria today. You can make much money exporting it. Garlic can be used to prepare stew source, used medically for cure/managing certain ailments, and also for making drugs or food supplements, etc.
Normally, Garlic is grown in the Savanna region of Nigeria. Having a large volume of garlic is a sure way to generate foreign currencies in large quantities.
11. Yam Tubers
Do you know that Nigeria is the highest producer of yam as at when this post was written? In 2009, for example, a report has it that the country made about US$450 million exchange this priceless cash crop.
However, due to low-quality of Nigerian yam at the time, the country seems to have dropped to second or third on the list of top yam exporters in the international market. You can leverage on this and generate cool income from exporting high-quality yams abroad.
So, that has been it on items you can export from Nigeria and make good cash in hard currencies. There you have it. Which would you like to start?
That’s the much we can take on the topic “Small Scale Export Business In Nigeria 2019/2020 | Nigeria Exports Products”.
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