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Cargonaija offers freight services from Woolwich, Peckham, London UK to Nigeria. We offer free pick up from Woolwich,   Peckham  and then deliver  your consignment to  Lagos, Abuja , Porthacourt or anywhere in Nigeria. If quick and efficient service is what you want, then you want to call cargonaija to deliver your cargo from Woolwich to Nigeria. Please note though. Your item should reach us by Thursday of the week you’re willing to send your item to Nigeria otherwise we won’t send it. If your item is bound for outside of Lagos, such as Ogun state, Oyo state, Abuja and other part of Nigeria it may take longer than 7 days please see our  FAQ and our terms and conditions for other important information. Please contact  if you need any other information.

OUR SOUTH EAST LONDON OFFICE:

24 PLUMSTEAD ROAD WOOLWICH

LONDON

SE18 7BZ

YOU CAN BRING YOUR GOODS TO THE ADDRESS

MONDAY -FRIDAY : 9:30AM  – 7:00PM

THE OFFICE IS ON BREAK BETWEEN 3:00PM – 4:15PM

SATURDAY : 12:30PM -5:30 PM

Your Ultimate Guide on Exporting to Nigeria From the UK

 

 

If you’re interested in expanding your British business to the Nigerian market, you have many things to consider. Things such as business dynamics between the two nations, opportunities and challenges, legal and startup considerations, and even travel requirements.

 

Here’s the good news. We’ve curated valuable insights from credible sources to guide you on all those matters and more. By the end, you’ll know everything you need to make an informed decision.

 

So without any delay, let’s jump right in.

 

 

Nigerian Economy Overview

 

With a population of approximately 200 million people, Nigeria is the largest market in Africa with a GDP of over £322 billion and a growth rate of 2%. In fact, the state of Lagos alone is ranked as the 5th largest economy in Africa.

 

There are many reasons for that. For starters, the demographics are attractive for businesses as 40% of the population is 25 or under and the median age is just 18 years — with around 48.1% of residents living in urban areas.

 

Nigeria also has an abundance of natural resources, including tin, coal, limestone, lead, zinc, natural gas, and oil. But it’s the last two that matter the most. The Nigerian economy is heavily dependent on the vast deposits of oil and natural gas, with oil accounting for 90% of all export earnings and over 70% of all government revenues.

 

As oil prices plummeted around the world in 2016, Nigeria experienced a contraction in its growth rate and officially entered a recession. The government reacted quickly by rolling effective policies to expand its economy beyond natural resources. And that’s exactly where the opportunities for foreign businesses came in.

 

Today, Nigeria is experiencing a healthy growth rate thanks to the rising middle class and the resulting opportunities across many sectors. According to a 2018 World Bank report, Nigeria is on course to join the top 10 economies in the world by 2050 with a projected GDP of £5.15 trillion.

 

In other words, now is the perfect time to expand your business and bring your products to Nigeria.

 

 

Nigeria and UK Business Relationship

 

The ties between Nigeria and the UK date back to the historical and political origins. But today, the business relationship between the two nations is stronger than ever.

 

In the year 2018-2019 alone, the countries traded total goods and services worth £5.1 billion, with a year-on-year growth of 14.4%. Exports from businesses in the UK accounted for £2.7 billion of that figure.

 

In fact, some of the most extremely well-known and sought after brands in Nigeria are UK companies, especially in the luxury goods department.

 

 

Incentives of Exporting to Nigeria

 

To understand why Nigeria is the second-largest export destination in Africa for the UK, and why so many British companies are thriving there, consider the following incentives:

 

  • Similar Legal System: Nigerian judiciary and legal system are based on the UK’s.
  • Common Language: English is the generally-spoken language in Nigeria.
  • Familiar Culture: Both countries have ties deeply rooted in their histories and origin.
  • Favourable Reputation: Nigerians favour British products because of their widespread reputation for quality, especially with luxury products.
  • Investment Schemes: Nigeria offers many investment schemes, ranging from free trade zones and tax holidays to state-sponsored development programs.
  • Lucrative Demographics: Nigeria has a growing middle class, with almost half of the population under 26 years of age and living in urban areas.

 

 

Challenges of Exporting to Nigeria

 

As with any other country, exporting to Nigeria comes with some challenges. The most prominent ones include:

 

  • Infrastructure Limits: There’s a nationwide shortage of power supply along with poor infrastructure for transportation and ICT.
  • Capital Restrictions: Due to the plummeting oil prices, there’s a shortage of foreign currencies in Nigeria. To counteract, the government has made it harder for businesses to transfer profits out of the country with outflow capital restrictions.
  • Underhand Dealings: From widespread corruption to bureaucratic awarding of government contracts, underhanded dealings are nothing out of the ordinary.
  • Staffing Difficulties: Due to a general lack of training and poverty, skilled and talented workers are high in demand but low in supply.

 

 

Top UK Exports to Nigeria

 

Despite the challenges, businesses from the UK are thriving in Nigeria. The following export figures from 2018 prove as much:

 

 

United Kingdom exports to Nigeria Value
Mineral fuels, oils, distillation products $260.71M
Machinery, nuclear reactors, boilers $228.60M
Electrical, electronic equipment $181.03M
Cereal, flour, starch, milk preparations and products $59.26M
Articles of iron or steel $40.60M
Essential oils, perfumes, cosmetics, toiletries $31.02M
Beverages, spirits and vinegar $30.92M
Vehicles other than railway, tramway $30.04M
Pharmaceutical products $30.01M
Optical, photo, technical, medical apparatus $23.39M

Source: https://tradingeconomics.com/nigeria/imports/united-kingdom

 

 

Business Opportunities in Nigeria for Investors

 

With the Nigerian government focused on expanding the economy and reducing its dependency on oil, the following sectors offer a lucrative opportunity for investors:

 

 

1. Infrastructure

 

Nigeria is lacking in quality infrastructure in terms of transport, urban development, healthcare, waste management and many other areas.

 

To overcome those challenges, the government allocated over $1.5 billion for works, power, and housing projects and over $700 million for transport infrastructure in the Nigerian budget for 2016 alone.

 

Furthermore, the Public-Private-Partnership (PPP) Department of the Nigerian Federal Ministry of Works has outlined programs for various infrastructure projects to attract foreign direct investment.

 

These programmes along with the government budget present a favourable opportunity for UK companies — allowing them to carve a share of this market by leveraging their expertise and drive for innovation.

 

 

2. Energy

 

Nigeria has one of the largest deposits of natural oil and gas in the world. Despite these resources accounting for the vast majority of the country’s exports and revenue, there are still plenty of untapped resources waiting for the right companies to tap into.

 

The reason is simple. A big part of the energy sector in Nigeria is using outdated equipment and technology to mine these natural resources. As a result, British businesses can leverage the latest innovations in technology and processes to gain a competitive edge.

 

On top of that, the government has created many schemes to assist businesses willing to invest in rehabilitative, innovative, and renewable energy. These schemes are also backed by the African Development Bank.

 

As a result, the energy sector presents many valuable opportunities for UK companies.

 

 

3. Agriculture

 

With over 80 million hectares of arable land and a climate suitable for the growth of many types of crops, the agriculture sector is ripe with opportunities for investors.

 

For instance, the government has taken multiple pro-investment initiatives within the last few years and has provided support to farmers at single-digit interest rates. As a result, there’s a rising demand for advanced farming equipment, storage facilities, and high-grade fertilisers.

 

When you combine that rising demand with Nigeria’s preference for British products and services, you can see why this sector is ripe with opportunities for UK companies.

 

 

Legal Considerations for Licensing Your Export Business

 

To expand your UK business to Nigeria, you’ll have to take care of various legal requirements, some of which include:

 

  • Exports Declaration: The UK government has made it mandatory for all businesses to declare their exports to HMRC through the National Export System (NES). You’ll have to classify your goods by including a commodity code and a Customs Procedure Code (CPC), which you can find on the official website.
  • Nigerian Customs: Apart from outlining clearance processes and documentation requirements for imports, the Nigeria Customs Administration has prohibited certain items from entering the country, including living or dead birds, beef, eggs, pork, pasta, bottled water, and cement powder. You can see the latest list here.
  • Capital Importation: To transfer your funds to Nigeria, you need to get a Certificate of Capital Importation from a Nigerian bank first. This certificate will also serve as statutory evidence of your investment.
  • Business Registration: Just like your business is registered with the authorities in the UK, you have to register your export operation with the Corporate Affairs Commission in Nigeria. You can either partner with a local company, set up a Nigerian subsidiary, or register as a foreign company.
  • Intellectual Property: To register your trademark, patents, and any other intellectual properties, you’ll have to apply to Nigerian Trademark Patents and Design Registry. This process can take months or even years sometimes, so it’s best to start this process as soon as possible to ensure the safety of your assets.
  • Tax Registration: There are many taxes you need to account for. These include Companies Income Tax (30%), Personal Income Tax (7% to 24%), Education Tax (2%), and Value Added Tax (0% to 5%). There’s also a refundable Withholding Tax between 5% to 10%.

 

 

Travelling to Nigeria for Business

 

To fulfil those legal requirements and establish your export business, you will inevitably have to travel to Nigeria. That’s because important business is typically conducted face to face in this African country.

 

To enter Nigeria, you will need a passport valid for at least six months from the date of entry. Unless you qualify for an exception, you’ll also have to apply for a visa in advance. You should preferably get a business visa, but if that’s not possible, you can also make it work with a tourist or visit visa.

 

While there are many dialects spoken throughout the dozens of states, English is commonly spoken and you won’t have a hard time communicating. Getting around will be easy as well thanks to ride-hailing services like Uber and Taxify.

 

As with any other country, you must remain diligent and follow common-sense safety precautions to keep yourself and your belongings outside the reach of shady characters.

 

 

The Nigerian States Where Businesses Are Likely to Thrive

 

The Doing Business in Nigeria report by the World Bank is full of insights that can help you choose the best state in Nigeria for your business. Here’s a quick overview of some of the top states:

 

  • FCT Abuja: Abuja is hands down the best place to do business in Nigeria. It offers one of the easiest and fastest processes to start a new business, and ranks fairly well for registering property and enforcing contracts.
  • Lagos: Being the capital of Nigeria, Lagos state is the economic hub of Nigeria and is the second easiest state to start a business in. However, if your business requires a construction permit, you should look elsewhere as Lagos is the worst place to secure a construction permit.
  • Kaduna: Kaduna is not only one of the easiest states to start a business in, but it also offers the most freedom and convenience in terms of registering property and enforcing contracts. In fact, it’s ranked as the number one state for those factors by the World Bank.
  • Jigawa: This northern state of Nigeria scored highly in all categories, including ease of starting a business, transferring properties, and enforcing contracts. Furthermore, Jigawa has a free trade zone and the state government has partnered with international bodies to develop the local infrastructure. These factors collectively make Jigawa a top destination for investors.

 

 

 

 

 

 

4 Responses to “Cargo to Nigeria From Woolwich,Peckham London UK
Read them below or add one

  1. Funke Bakre says:

    How much will 23kg bag cost to Nigeria (Lagos )?

  2. Chiemeka says:

    How much will 10kg cost to Lagos?

  3. Henrietta says:

    Please how much to ship kids used clothing 325kg from London to Nigeria

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