Without correct knowledge of what the
Nigeria Export Promotion Council (NEPC) stands for, and its function, going
into exportation business would be as good as impossible, a venture to attempt.
We deem it appropriate to begin from
the most important part in order to determine for you how best to go about your
importation business. Or at least, you’ll have little or no difficulty taking
care of your exportation business, yourself.
So, therefore, we would like you to
read this post to the end and bear in mind, all adequate information about the
Nigerian Export Promotion Council (NEPC).
In this post, we put together some key
functions of NEPC, a governmental body for exportation business. There might be
more, please use the comment box to express your opinion on the subject matter.
And if you need help with other information about
our services, we are more than ready to work with you.
What
NEPC Stands For In Exportation Business
The Nigerian Export Promotion Council
(NEPC) is the government agency responsible for regulation, promotion,
recording and monitoring of export trade in the country. It is the organ which
the government uses to implement its export policies and strategies. NEPC is
usually in charge of distribution and redistributing incentives when new
exportation policies and incentives for exportation are given out by the
government.
The NEPC was established in and has its
offices across Nigeria. Established as a service unit to offer funding and
support to indigenous manufacturing companies and other companies. Most
especially the companies that produce exportable products so that they can get
their products into the export market easily.
They make it easier for exporters to
access the foreign market, identify products that can be exported, understand
standardization, specifications and packaging requirements.
Related: Essential Tips on Exportation
The governmental body became even more
active under the democratic dispensation. As an exporter, there are several
ways through which the NEPC can help and protect your export business.
Some of this include-:
1. Provide a list of Exportable
Products: If you are just considering going
into export business but you are unsure of what to export; you can visit
the NEPC’s
website. There, you would find a long list of products that you can
export and the countries you can export to.
You may also check out these lists of items that are exportable from Nigeria to
other parts of the world. However, if you need to see an export business
expert, get in touch with Bowa Gate Global Limited. If you have an
existing business, you can also find out where you can start exporting your
products through the NEPC.
2. They Provide Technical Support to
Exporters in the following areas:
·
Ensure proper
documentation of export transactions: Proper
documentation is very important in exportation because it shows proof and
provides a legal basis for transactions. The NEPC would let you know which
documents you need, how to get them, the need for those documents as well as
the places to send the documents to.
·
Business
Registration: Before you can carry out
exportation business; you have to register with the NEPC. This registration is
beneficial for you because the NEPC maintains a database of all Nigerian
exporters that overseas buyers can use to find legitimate suppliers. That opens
ups another avenue for buyers to reach you and buy products from you.
·
Quality and
Standards: The NEPC also monitors the
quality and standards of products goings out to ensure that they are of high
quality. Payment -: The agency also helps you suggest the best and most secure
payment methods.
3. Bring Exporters together: The NEPC also creates an avenue for exporters
to come together under one umbrella to relate and discuss issues related to
export promotion and development. It makes it easier for exporters to network
with one another.
4. Provides information on product
sourcing: If you are unsure of where to get
particular products for export, you can ask the NEPC for help. They would be
able to give you information on where to find the products you are looking for
in Nigeria.
Image from Ships and Ports
5. They Administer Grants and
Incentives: If you are registered with the
NEPC, then you can easily access some of the grants and incentives that the
government doles out regularly to help exporters in the country. Exporters of
agricultural products receive a lot of incentives from the government regularly.
6. They also help to simplify the
export procedure: If you are new into exportation,
it’s easy to get confused and misunderstand the procedure; a visit to the
office of the Nigeria Export Promotion Council would help to enlighten you and
put things in perspective. The NEPC can assist you such that you don’t have to
go through some so-called ‘export gurus’ who charge you thousands just to train
you on how to start an exportation business.
7. They Organize Trade Fairs and
Exhibitions: The NEPC also helps to organize
and facilitate the participation of Nigerians in international trade fairs and
exhibition events. If you are registered with the Nigeria Export Promotion
Council and have a solid or innovative product; the NEPC can facilitate your
participation in trade fairs and exhibition programs.
8. They Carry out research and studies: The NEPC also carries out regular studies and
research into matters concerning exporters and factors that may
affect/influence exportation in Nigeria. As an exporter, you can benefit
greatly from such research and studies.
9. They Create Awareness and Publicity: The NEPC also does a lot of local and
international advertisements and promotions which is also directly beneficial
to you as an exporter.
10. Help to Solve Problems: If at any point in your export business you
encounter some challenges or problems; the NEPC is your go-to agency for
complaints and solutions to your challenges. If you want to find out if a
company/overseas buyer is legitimate or not; you can contact the Nigeria Export
Promotion Council who would help you investigate through the buying country’s
embassy.
11. They Provide Financial Support: Lastly, you can get financial support through
the NEPC; although the NEPC might not be able to give you direct loans, they
can provide useful information on where to get loans easily for your export
business. They may also be able to guarantee a loan for you.
Selected for you: What you need to know about Customs Clearance in Nigeria.
Conclusion
The roles exportation plays in boosting
a nation’s economy and its importance cannot be over-emphasized. The functions
of the Nigeria Exportation Promotion Council (NEPC) are great values to
exporters. There is a great need to be acquainted with its functions. These
functions apply to both new and experienced exporters in Nigeria.
Contact Bowagate Global Limited Today
Want to learn more about Sea Freight Shipping, Air Freight Shipping? Or you wish to talk to us about your
Exportation Business?
Give us a call: (234) 814 7068 472 during business hours or
send us an email via info@bowagateglobal.com.
Bowa Gate Global Limited offer
Affordable, very fast (swift) and reliable quality cargo services that include
Import, Export, Freight, Clearing/Customs Duty Brokerage, Groupage Freight, Warehousing,Consolidation, Air Freight Consolidation, Shipping
Globally, Door to Door Freight Shipping, etc.
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