Let us talk exports today this will be a long article, but it’s an article written as a reference for you should you ever want to go into exporting.
What is exporting?
Exporting is selling and earning in a foreign currency. Exporting engages in foreign currency transactions by selling local goods and services to buyers. This means if you sell services such as proof-reading manuscripts on a site like Fiver, and you are paid in a currency other than your local currency, you are exporting.
Why is exporting important?
When you export, you earn in foreign currency, diversifying your earning sources and providing a perfect hedge against local currency inflation in your local currency. If you already engage in buying and selling locally, exporting should be a natural progression because of the benefits of diversification and hedging it provides.
How can I export?
Exporting is a business that involves lots of rules, guidelines, and requirements across two or more borders. For instance, if you export Cocoa to the Netherlands from Nigeria, you must satisfy the Nigerian export and Dutch Import requirements. Exporting thus implies a higher level of organization and record-keeping on yours. It also involves a lot of reading and understanding of rules and regulations.
https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-9989943825802996
I will give a step-by-step guild on how you can export from Nigeria. First, I must give a special thanks to the Nigeran Export Promotion Council (NEPC) for creating a one-stop portal to guide potential exporters from Nigeria. https://nepc.gov.ng/get-started/export-guide/
0 Comments