Yam exports from Nigeria is capable of fetching you untold amount of dollars on regular basis. One fact about Nigerians is that they are travelers but even as that, another thing that had remained true with them is their choices of food which their home foods takes precedence in.
The rate in which Nigerians in UK, America and other foreign countries hustle for their home foods is indeed something to be beheld and they are ever ready to pay you dollars to have it brought to them.
Nigerians abroad do not joke with their native foods at all and the exporters from home are seriously supplementing their export commodities with agricultural goods which yam happens to be one of the leading produce taken across the seas.
We all know that yam business at home is already a big investment that the Northerners are making millions of naira from, but another eye opener is the huge amount of dollars that other clever Nigerians are legally making from exporting yams to Europe and America.
There’s no two ways about it, yam business is getting hotter than ever in the UK as 2kg of yam goes for 3.5pounds and you know what one pound is to naira at the present rate. The point here is that, any capital you starts yam exports with is sure to run multiples with dollars exchanges for maximal profits.
The flour is open for a big scale exports of yams to America and UK. The simple thing there, is for one to prove how capable he is in terms of capital for a big start up, as yam exports is not for small players.
Some say that you can start this with N100,000 but that is not true because there are conditions to be met and to get proper certifications which would enable one to even have access to big contracts from abroad and to ensure that his yams meet the standards for being taken abroad for good amount of dollars in exchange.
Here at WealthResult.com, we try as much as we could to present our readers with what is obtainable in the current market and not what is sweet to the ears.
Presently, there is an embargo on yam export to some countries in the Western world till June 2016 due to some sharp business practices of some exporters in trying to cut corners by shipping unhealthy yams and other agricultural commodities out of the country.
Till the embargo expires by June this year and the business resumes back to normal, any one that is interested in yam exportation business should be gearing up now trying to obtain all the necessary documents that would ensure that his goods encounters less scrutiny at the ports.
Meanwhile, for those with less start up capital, we are not telling you to go into borrowing but you can still start with the little you have at least a reasonable amount of about N.5million and have your goods packaged in cartons of 20kg each and have it forwarded to your customers abroad.
As time goes on, and if you maintain the needed trust from the other ends, you could even be given a contract to supply in a bigger quantity at a go and that is when you can go all the way to source out for funds in any way you could because your business has gained enough ground because of your sincerity in having nothing but quality yams shipped out to the Western world.
Just like every other exportation business, you are required to have good valid means of identification, like international (domiciliary account) bank account, e-mail address, and do your best even if you are dealing with an individual outside the country, do your best to register with NEPC, Nigeria Export Promotion Council.
This is good because an issue would definitely arise that may warrant your valid identifications for doing what you do. Get all your documents ready, for your venturing into yam exportation is not a backyard business.
N/B. Make enough findings and see what types of yams or the species are acceptable. Do your best to surmount the expectation of the stringent requirements involves in having agricultural products moved out of the country.
Enough emphasis has to be laid on this because any Nigerian made products going abroad are known to be always subjected into some strict surveillance tests which little things could disqualify, but when an exporter is known to exceed the expectations on regular basis, your good reputations stands to speak for you whenever goods bearing your initials arrives the port.
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Source : Wealthresult.com