History of Export

All countries who export products which originate from domestic agriculture, mineral resources or manufactured goods need to be certain that the foreign exchange earnings derived are properly repatriated for the good of the country and the economic growth of the country. Those countries that best regulate this basic principle will enjoy the strongest economies and usually have the highest standard of living. Governments must promote the development of exports since, by association, the country as well as the exporter will benefit from the economic growth. Local commerce creates the associated benefits of local employment and a demand for locally produced goods and services. When this spreads to a healthy export environment there is always the added attraction of outside investment and accelerated growth. The repatriation of export proceeds can then be utilized in strengthening the National Economy, facilitating the development of infrastructure and most importantly, giving strength to the banking sector, which is the vehicle for investment and expansion. In order to achieve the goal of a strong economy, the Federal Government of Nigeria enacted the Pre-shipment Inspection of Exports Act in 1996, which specified that all export cargoes must undergo physical inspection and validation prior to shipment.

Exclusions only affect those goods that are prohibited and those that specifically fall under items exempted from inspection. Under the Pre-shipment of Export Act it is necessary to verify the quality, quantity, and price of Nigerian goods intended for export. The intention is to ensure that exporters correctly declare their exports and that the country can rely upon those exports to be fit for purpose and of a quality, which competes in the international market. This gave rise to the Nigerian Export Supervision Scheme (NESS). The NESS is unique in providing a comprehensive overview of Non-Oil Exports and Export Transactions. The inspection protocols themselves ensure correct declaration and proper adherence to NESS regulations, however, the data being gathered in the course of inspection provides a comprehensive profile of the entire trading pattern of the country. This information is invaluable to Central Bank, Customs and to Central Government when planning strategies to promote the country.

The Exporters

The following are some of numerous exporters we have in Nigeria.