What
are the top hottest non-oil export products in Nigeria? How do I make
money by exporting non oil products? How do you tap into the
multi-billion dollar non-oil products export industry? Well, if
you have interest in the non-oil export sector of Nigeria, or you are a
foreign investor looking for a high yield business opportunity; then
read on.
According to statistics by the Chamber of Commerce, the
non-oil product export sector is rapidly on the rise. Thanks to the
Federal Government’s policy and support for the non-oil industry
especially agriculture. Now to make money as a non-oil products exporter
in Nigeria, you must first assess your company’s export readiness.
Are
you really prepared for the challenges and protocols of exporting? Are
you prepared to adhere to strict international standard and client’s
specification? These are questions you must answer before venturing into
the export business.
Secondly, you must prepare an export
marketing plan. To do this, you must research and select your target
market. Your plan must also include details that will help you determine
the best methods of delivering your product or service to your target
market. Next, you need to develop a sound financial plan; and understand
the legal aspects involved in international transactions. Now since I
have made the above points clear, below are 25 hottest profitable
non-oil export products in Nigeria.
25+ Hot-in-Demand Non-Oil Products to Export from Nigeria
Cassava
flour has very close substitute in garri, yam flour, plantain flour
etc. This notwithstanding, it is a very popular food item that is easy
and fast to prepare. The raw material for this project is cassava
tubers. The raw material is available all over the federation.
The
machinery, accessories and equipment needed to produce good quality
cassava flour are cassava peeler, cassava tuber, grinder, sieve, dryer,
fermentation tank, sealing /sewing machine and international standard
measuring scale. All of the above can be fabricated locally for any
capacity required by investors. There is a ready market in Europe,
America and Middle East.
Cotton
is the most important natural fiber of the 20th century. The efforts of
the Federal Government of Nigeria towards the development of the
nation’s cotton sector received a boost recently, as the National Cotton
Association of Nigeria (NACOTAN) got a lifeline of N33 million to
enable the sector bounce back to life.
Nigerian
snails are in high demands in America and Europeans Countries. The only
thing the snails may constantly demand from you is your attention and
care but they hardly fall sick.
You don’t have to buy their food
and you may not have to spend much to create an abode for them. The
beauty of it all is that the snails reproduce rapidly. They are capable
of producing hundreds of eggs, which hatch into snails. It is now
possible to produce 1,000,000 snails worth more than N5 million twice a
year.
Ginger is one of
the most important articles of trade in the world spice market, where it
is found fresh, dehydrated, preserved powdered and other forms. Though,
Nigeria is among the World’s largest producers of ginger. Ginger’s
flavor and colour vary with its origin and harvesting, storage and
processing conditions.
Presently
the world footwear and leather products sector is moving from high-cost
industrialized countries to developing countries and many developing
countries (Nigeria inclusive) have strong potentials in this sector
regarding raw material and human resources, but have mainly remained
suppliers of raw and semi-finished products.
The raw materials for
leather and its products are mainly from livestock, and Nigeria is
endowed with the third largest livestock population in Africa. Raw
materials availability has been acknowledged as a basic comparative
advantage towards the export of leather and leather products.
Palm kernel oil (
PKO)
is extracted from the kernel of palm. It should not be confuse with
palm oil, which is obtained from the pulp of fruit of the palm. Palm
kernel oil has a light yellow color and it has a milder flavor than palm
oil. It is often used in the manufacture of various cosmetic,
confectionery and pharmaceutical industries.
Palm Kernel Oil
Crushing is a viable investment because raw materials can be sourced at
ease, the production technology is simple and feasible, and the market
for end products are automatic.
Palm kernel cake (
PKC)
as a by-product in the milling of palm kernel oil. Palm kernel cake is
considered a medium grade protein in feed, containing 14.6% to 16.0%
crude protein, useful for fattening cattle either as a single feed, with
only minerals and vitamins supplementation or mixed with other
feedstuff. It has also become the main ingredient in daily cattle
ration.
Palm kernel cake is commonly exported, mainly to Europe.
It is delivered in bulk via vessel or pack in bags for easier handling
and distribution. Lately, it is also used as Biomass fuel in Europe
especially United Kingdom to provide heat and energy. The cake is
demanded by feed millers and by exporters.
There
is no doubt that Nigeria produces yam in abundance. In every state of
the country, yam is available. It is estimated that over 30% of the
harvested yam tubers are lost as waste, but due to the availability of
processing and preservation mechanism it is easy. The machinery and
equipment needed to process yam flour are:
- Yam peeler
- Milling machine
- Boiler
- Scale
- Dryer
- Sealing machine
- Packing machine
If
there is a country that should take this project very seriously, it is
Nigeria. It is the world’s largest producer of yams (over six million
metric tones) accounting for over 50% of its output. Of this output,
only about 5% (300,000 MT) is put into industrial use by way of chips
and flour.
Nigerians
can now tap into the $31bn US Booming Garment Market. When AGOA
(African Growth and Opportunity Act) came into effect, many Nigerians
saw a window of foreign exchange earning in the textile and garment
section of the act and keyed into it.
Such Nigerians now earn
millions of dollars from garment and textile exports to the US annually.
Nigeria’s textiles and apparels have been granted duty-free passage
into the United States’ where a large market exists for ethnic African
fabrics and designs.
Like
many trees, the cocoa tree produces fruit. Inside this fruit are seeds
known as “cocoa beans.” When cocoa beans are crushed and pressed, cocoa
butter and cocoa powder are released, both of which are essential to
chocolate making. The smooth texture, sweet fragrance and emollient
property of cocoa butter make it a popular ingredient in cosmetics and
skin care products, such as soaps and lotions.
Because of its high
stability, cocoa butter is also used in a variety of health and beauty
products as well, such as lotions, facial products, cosmetics and
pharmaceutical products. This product is in high demand in UK and
America.
Gum Arabic
is produced by Acacia trees and occurs within the Sahel Ecological zone
of Nigeria. We are currently the third largest exporter of Gum Arabic in
Africa, after Sudan and Chad. Its annual exports are estimated at 5,000
metric tons. The highest quality of Gum Arabic—Grade 1—is used in a
wide variety of food, beverage, cosmetic, and pharmaceutical products,
making the market for this grade of gum quite robust.
The Nigerian
Gum Arabic season is December to April of the following year and the
trading period of the product takes place between January and June of
every other year. Newly established National Association of Gum Arabic
Producers, Processors and Exporters of Nigeria (NAGAPPEN) chapters in
each state have been the vehicle through which informal training has
been conducted.
Cashews
are found wild and cultivated in about 14 States in Nigeria but it has
potential for cultivation in almost all part of the country. Actual
production figure is not available, but is estimated to be around 50,000
tons annually. Over 80 per cent of it is exported raw and unprocessed
to India, Vietnam and Brazil, where they are processed into kernels and
sold for higher value in Europe and North-America.
In recent
times, world market price of kernels has stabilized at $1.7 per pound
for the benchmark grade – W320. This consumer-friendly price is likely
to sustain continued demand for the product, even as new low cost
suppliers enter the international market. One cashew tree produces
between 200 and 300 cashew nuts in a year.
The
cry for alternative energy source has put CHARCOAL in the forefront in
the global market. A large market exists in EU, USA and ASIA with prices
ranging from $700 to $800 per ton, with about 40% return on Investment.
This product is virtually available all over Nigeria as many local
communities have perfected the technology of charcoal production.
Some
known charcoal deports are found in places like Oyo, Isheyin, Saki
Igbo-Ora, Ogbomosho- all in the western part of the country. We also
have depots in Jebba, Omu Aran, Egbe, Kabba in the Central States.
Charcoal is found in abundance also in Minna, Jos and Kaduna. Besides,
an individual can produce his own charcoal wherever he/she is located.
The
technology and art of making soap has been with us for a very long
time. It is only the technology that has improved globally, which
Nigeria investors can as well imbibe. Cosmetic and soap production,
whether laundry or toilet, can be carried out in any part of the
country. One can conveniently set up a virile and dependable plant using
locally manufactured machinery and equipment.
Apart from the big
Nigerian market, one can cash in on the high demand from the neighboring
countries (whose citizens travel several kilometers to Nigeria to
purchase their daily essentials) to embark on export, once the quality
is good and price competitive.
Gallstone
is clay-like solid substance found in the gallbladder of a matured cow
or oxen. It is about the size of a peanut and can be as big as a pigeon
egg. At times, they could be as big as ordinary eggs and can weigh
between 15 and 18 grammes. They are collected by pharmaceutical
companies abroad for medical purposes.
A good quality gallstone
should be dried upon collection of some quantity say 100g, you can then
parcel them and send to buyers abroad who then pay with hard currency
immediately the parcel is received. Gallstone has a well-established
market in Asia and America. The market is guaranteed and can take up as
much quantity as supplied without any adverse effect on the price.
25 Hottest Profitable Non-Oil Export Products in Nigeria
The
Rubber Research Institute of Nigeria (RRIN) has acquired costly
equipment to act as a designated Central Testing Laboratory (CTL) in
Nigeria. This accreditation would ensure that the Institute examines and
certifies rubber produced in Nigeria for export.
The reality
right now is that the increasing cost of sourcing rubber wood has made
companies in Asia and buyers in the U. S. and Europe to search for
cheaper sources particularly among rubber producing countries, of which
Nigeria is a significant producer. The export market takes first quality
rubber wood almost exclusively; a cubit meter of wood goes for between
$250 and $350 depending on the quality
Shea
butter or Shea nut butter is a slightly yellowish or ivory-colored
natural fat extracted from fruit of the Shea tree by crushing and
boiling. Sometime ago, the former Nigerian First Lady, Hajia Turai Umaru
YarAdua invited Japanese Shea Butter experts to set up a factory that
will train Nigerian women who have been known to be actively involved in
the production of Shea butter in the country.
Capitalizing on
Shea butter global popularity, Nigeria and Japan will team up to bolster
female entrepreneurs in Nigeria and strengthen the country’s economy by
increasing production of the nut-based fat. It is hoped that with Japan
support and intervention and additional support from government, Shea
butter production will witness new heights as a foreign exchange earner
for Nigeria.
Sesame
seeds (sesamum indicum) belong to the plant family Pedaliaceae. It is an
important oilseed crop believed to have originated from tropical
Africa. 25% of world sesame seed hecterage is planted in Africa and
Nigeria is one of the major producers of sesame seed in Africa.
It
is found predominantly in Benue and Jigawa States in Northern Nigeria.
It is one of the oldest food and cash crop in Nigeria which is produced
in 21 states of the Federation. The commodity ranks second to cocoa in
terms of volume of export and foreign exchange earnings.
Global
production in 2005 was put at 2.4 million metric tonnes with China and
India as leading producers. Nigeria is the 5th largest producer of the
commodity in the world with an estimated production of 120,000 metric
tones annually.
Garlic is
usually grown under irrigation by farmers as a cash crop in the Savanna
zone of Nigeria, between the months of November and March. In Nigeria,
however, reliable production figures are not readily available due to
paucity of published information on the production of this crop. Garlic
is a product that can earn you foreign dollars in America and EU
Countries.
Nigeria
is known to be one of the major producers of pepper in the world. The
implication of this is that we have the good weather that can readily
support the growth and production of pepper in Nigeria. There are
hundreds of different types of chili peppers that vary in size, shape,
color, flavor and hotness. This fleshy berry features many seeds inside a
potent package that can range from less than one inch to six inches in
length, and approximately one-half to one inch in diameter. Chili
peppers are usually red or green in color.
Honey
is primarily composed of fructose, glucose and water. It also contains
other sugars as well trace enzymes, minerals, vitamins and amino acids. Honey is manufactured in one of the world’s most efficient factories, the beehive.
Honey is currently priced between US$ 10.00 AND US$12.00 per kilogram
at international market. At the Nigerian market, genuine pure natural
honey cost between N1000-N1,500 per litre.
The
term poultry is generally used to refer all the domestic birds kept egg
or meat purposes. Neighboring West East and Northern Africa Countries
also depend on poultry eggs from Nigeria, as the weather for the
production of poultry eggs is highly conducive in Nigeria compared to
these neighboring countries.
Irrespective of the abundant animal
feeds, which are readily available, there is also the export potential,
which has not been tapped fully. For any person or corporate bodies
looking for a project that will generate income on a daily basis,
poultry egg production is one of such project.
The
Nigerian market provides huge export market opportunities for U.S.
exporters of fruit juice concentrate. Nigeria’s fruit juice market has
grown 60 percent over the last five years and this growth is due to
increasing incomes of Nigerian consumers, an expanding middle class, and
greater health-consciousness of consumers. The federal government on
the 29th January 2003 announced the total ban of importation of fruit
Juice (either in bottled or packaged form).
However, investors can
import such in big drums or containers as raw materials in their
industries, for repacking or rebottling in Nigeria. There are lots of
natural fruit in the country namely: Mango, Citrus, Tomato, Paw-paw,
guava, Pineapple to mention but a few. These fruits are produced
abundantly in almost all states of the Federation and available in all
Nigerian markets.
Nigeria
is one of the tropical countries endowed with rich shrimp resources.
With rich organic deposit arising from runoff, the Niger Delta region is
the heartland of shrimp and oil production in Nigeria; having a
production capacity of 12,000 metric tons (
MT) per year. The
major markets for the Nigerian shrimp in Europe are Belgium, Portugal,
Spain, France and the USA. All are usually packaged in 2.2-kg packets
into master cartons.
Nigeria realized N56 billion (
US$380 million) from yam exports during 2008 according to figures released by the Nigerian Export Promotion Council (
NEPC).
World production of yam is 51.4 million tonnes per year out of which
Nigeria accounts for an average of 36.7 million tonnes, Ghana for 3.6
million tonnes and Cote d’Ivoire for 4.8 million tonnes.
There are
no specific standards for yam export, but intending exporters must seek
information on the quality and phytosanitary regulations of the
importing country as well as the product specifications required by the
importer
Please remember, preparing for the world of international
trade is a complex process. But with the proper knowledge and strategy,
you’ll soon be on your way to world wide success.
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