Exporting goods from Nigeria requires adherence to specific procedures and documentation. In this article, we will outline the necessary steps and documents required for exporting goods from Nigeria.
Documentation Requirements to export goods from Nigeria, the following documents are required:
– Phytosanitary Certificates
– Certificate from the Standards Organisation of Nigeria (SON)
– Certificate from the National Agency for Food and Drug Administration and Control (NAFDAC)
– Form NXP, completed in six copies
Form NXP Processing
The processing bank retains the first copy of Form NXP, while the second copy is sent to the Central Bank of Nigeria (CBN). The CBN then forwards the copy to the National Maritime Authority (NMA). The remaining copies are sent to the Nigeria Customs Service (NCS), which endorses them after shipment of the goods.
Repatriation of Export Proceeds
Export proceeds must be repatriated into an export proceeds domiciliary account within 90 days of shipment. The processing bank must certify receipt of the proceeds to the CBN.
Export Incentive Schemes
The Nigerian government offers various export incentive schemes, including the Manufacture-in-Bond Scheme. This scheme replaces cash incentives with negotiable Duty Credit Certificates.
Key Takeaways
– Exporting goods from Nigeria requires specific documentation and procedures.
– Form NXP is a critical document that must be completed in six copies.
– Export proceeds must be repatriated within 90 days of shipment.
– The Nigerian government offers export incentive schemes to promote exports.
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