Exporting from Nigeria – Obligations of the NEPC to You

The Nigerian Export Promotion Council (NEPC) is the Nigerian government agency in charge of regulating, promoting, recording and monitoring of export trade in the nation.

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Exporting from Nigeria – NEPC’s Obligation to You

The Nigerian Export Promotion Council (NEPC) is the Nigerian government agency in charge of regulating, promoting, recording and monitoring of export trade in the nation.

The government uses the NEPC to execute its export policies and strategies.

When the government issues new exportation policies or grants incentives to exporters, it is the NEPC that gives out these incentives.

There are several offices of the Nigerian Export Promotion Council in Nigeria. The head office is in Abuja with offices across the 6 geopolitical zones in Nigeria.

The Exportation and National Development

For any country’s economy to develop, it must engage in commerce and trade.

Exportation is basically moving out goods, services or anything of commercial value out of a country to sell in another country. So a main feature of exportation is the crossing of goods across national borders.

Exportation has the potential to boost economic growth, bring in foreign exchange and create jobs. This will raise the standard of living of citizens because the per capita income increases.

Exportation should be diversified. For too long, Nigeria switched from exportation of multiple produce and focused on exporting majorly crude oil and forgot the other even more valuable natural and agricultural resources like palm oil.

We are a blessed country with so many other cash crops and minerals that could also be exported raw and even better processed and the exported.

Becoming a mono-economy is the reason we are in a recession today and not the fall in the price of crude oil.

The current economic hardship has refocused government efforts on the need for the diversification of Nigeria’s export portfolio for sustainable growth of the economy.

It will also serve as a buffer against any commodity that is performing badly in the global markets.

The Nigerian Export Promotion Council was established to help with the funding and aiding of domestic manufacturing firms and other companies that produce exportable produce/products so that they easily export their goods in accordance with global best practices.

The council helps exporters to gain access the foreign markets, identify exportable products, and understand standardization, specifications and packaging requirements so that the exports can meet global standards

14 Ways Nigerian Export Promotion Council Helps You

The NEPC became increasingly active since Nigeria’s return to democratic rule.

If you are an exporter, the NEPC can help you grow and protect your export business in many ways.

  1. The NEPC updates a list of what to Export

So you are considering getting into the export business and don’t know what to export. Don’t worry; just visit NEPC’s webpage to see an up-to-date list of what you can export and what has been banned.

The webpage is the most reliable source of export information and you will see the comprehensive list of what can be exported to what countries.

Of course you need to you have an existing business. If you are a manufacturer or creator of anything valuable and exportable like videos, audios, clothing, packaged foods and beverages etc, you can also find countries where you can start exporting your products to from the NEPC.

There are materials you can download on their website as well as those you can get from their offices for more information.

 

  1. The NEPC helps with proper documentation for export

Complete and proper documentation is very vital in exportation because it proves are an exporter and provides a legal basis for your export related transactions. The NEPC would let you know the documents you need, how to get them, what the documents are needed for and where to send them to.

  1. The NEPC helps with Business Registration

Before you can export, you have to be registered with the NEPC as an exporter. Registering as an exporter is of benefit to you because the NEPC includes your company name in the database of all exporters they maintain so that foreign buyers can use to find legitimate suppliers.

This gives you more credibility and opens up an opportunity for buyers to reach you and buy products from you.

There is also a premium service that lists your company name directly on the NEPC page.

As at the time of this write-up, registering has an exporter will cost you a total of N13, 500 (Thirteen Thousand Five Hundred Naira only) while being listed as a preferred exporter costs N35, 000 (Thirty Five Thousand Naira only)

 

  1. The NEPC helps with information on getting funding

Note that the NEPC DOES NOT GIVE LOANS.

They can give you relevant information on where and how to get loans for your export business.

 

  1. The NEPC helps with Payment

The agency advices on the best and most secure form of payment exporters can use for receiving funds.

 

  1. The NEPC organizes Trade Missions, Trade Fairs, Roadshows and Exhibitions

The NEPC at set times organize and facilitate the participation of Nigerian exporters in international tradeshows, fairs and exhibitions.

These events are best suited to show case businessmen-exporters that are registered with the NEPC and have a solid or innovative, well-packaged products.

These events re about showcasing Nigeria’s best on a global stage. The NEPC can facilitate your participation in trade fairs and exhibition programs once you meet these criteria.

 

  1. The NEPC connects exporters

Through the NEPC, avenues are created exporters to meet together to relate and discuss issues export-related issues, export development and export promotion. It also serves as a great networking opportunity for exporters and also an avenue for new exporters to meet with and learn from already established ones.

 

  1. The NEPC gives access to product sourcing information

As an exporter, you need to be close to the NEPC. The council is willing and ready to help you with information related to sourcing for products if you are uncertain of where to get products to export.

They have a database of where to find the exportable products in Nigeria.

 

  1. The NEPC helps with meeting global export Quality and Standards

The export council helps to guide and connect exporters to organizations that inspect for quality and standards of export products out to ensure that they are of high quality.

 

  1. The NEPC helps make the export process easy

As a new exporter, you can easily get mixed up or misunderstand the export process. However if you visit any NEPC office, you will be assisted to put things right.

The NEPC’s assistance will save you from wasting money of export ‘gurus’ who are more concerned with charging exorbitant training fees than in seeing you export successfully.

Watch out for a review of some of the major export training companies in Lagos here soon

 

  1. The NEPC helps with research

You need to know what the latest in the international trade is especially in terms of commodity prices. The council does regular research in these areas and in areas affecting exportation in Nigeria.

 

  1. The NEPC helps in problem-solving

Challenges are an integral part of life. Whenever your export business meets with them, the export council is your first point of call for complaints and solutions – from verifying the legitimacy of companies abroad via their embassies to having the right contact of other agencies involved in the export process.

 

  1. The NEPC administers grants and Incentives

By registering with the export council and exporting regularly, you can easily get access to grants and incentives the Nigerian government gives out to help exporters. Exporters of agricultural products receive a lot of incentives from the government regularly.

  1. The NEPC helps in creating public awareness

The Council also does a lot of local and international advertisements and promotions which is also directly beneficial to you as an exporter.

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