NIGERIA’S 25 HOTTEST NON-OIL PROFITABLE EXPORT PRODUCTS
Hundred millions of dollars are
being made today in home-based export biz
The federal government recently
said its non-oil exports recorded unprecedented growth of 60 percent in the
last quarter of 2008, mostly in agricultural products.
Only
very few Nigerians for now have penetrated the lucrative market of non-oil
export and reaping cool big profit without stress. The KNOW-HOW of Non-Oil
Export secrets had been covered up and seriously guided for sometime, but now,
your number one life changing magazine SUCCESS DIGEST has decided to reveal the
top 25 most profitable non-oil product in Nigeria,
these products are in high demand in the international markets
Quick guide
* assess your company's export readiness
* build an export plan* research and
select your target market* create an export marketing plan*determine the best
methods of delivering your product or service to your target market*develop a
sound financial plan; and *understand the legal aspects involved in
international transactions
A lot of Nigerians are operating a highly lucrative
home based exporting Company and they are making a steady income between
N50,000 - N500,000 monthly regularly with no capital investment, no risk and at
their spare time. The profit from the first transaction can be ploughed back
and an investor will be able to build up his capital base.
Here are
the 20 hottest money spinning non-oil exportable products in Nigeria
Cassava flour: Cassava flour has very close substitute
in gari, yam flour, plantain flour etc. This notwithstanding it is a very
popular food item that is easy and fast to prepare, has long shelf-life, and is
preferable to the unpleasant and putrefying odour associated with the wet
process of cassava preparation. 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, siever, 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 market in Europe, America,
Far East by notable industries
Cotton: Cotton is
the most important natural fibre 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. Dangote group recently assured all cotton farmers that the company will
assist the processing of their cotton including exportation as arrangement has
reached advanced state with some foreign firms on the purchase of all processed
cotton in the Country.
Snail: 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. If your start up capital is N100,000 you can generate
the sum of one million naira in one year. 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: 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 flavour and colour vary
with its origin and harvesting, storage and processing conditions.
Traditionally ginger is mostly sun dried in production centers, and it is often
under dried in order to meet supply schedule, as a result it is often found to
be moulded after shipment, and the colour of the dried and powdered ginger is
sometimes dull with musty smell.
Leather and Footwear:
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:
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:
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 export, 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.
Investors can also export directly. In fact, an established
factory will always have customers depositing in advance of production.
Yam flour: 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:(a) Yam peeler (b) Milling
machine (c) Boiler (d) Scale (e) Dryer (f) sealing machine (g) 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.
Textiles and
Garments: 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.
Cocoa butter: 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 it's 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: 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.
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