These are the things you need to put into consideration when importing goods from overseas into Nigeria
- Can you afford to do it?this the point you need to raise some money for the importation of foreign product because it can sometimes be capital intensive.
- Find a genuine supplier to avoid falling into hands of those that sales fake or contraband products
- Consider asking needful and necessary question among those merchant who are into importation line of business
- Will the product you are about to import be of high demand by your prospective customers
- How does the product you intend to import change people's life positively.
- Get to know if the product is trusted and reliable from pre-existing merchant.
- Write down the total budget you have in mind,this can be achieved if you have ask for the amount of the product from your supplier.
- Compare the currency rate exchange to Nigeria currency rate, to avoid running out of some funds
- Consider the quality of the product,it matters alot.
- How much it will cost you to import those goods into Nigeria?in terms of conveyance of the product into Nigeria
- Nigeria custom levy fees,this levy are sometimes heavily imposed on foreign product mostly car importation it will be on the high side.
- Consider the risks of importing foreign products.We have heard the sad story about some missing imported goods,either the ship sunk or went missing.
- Choose the country you want to import from depending on the type of business you manage.China,Germany,Italy and Cotonou(Benin Republic)these are mostly where oversea products are purchased
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