Dried hibiscus flowers can be exported for profit, as there is demand in foreign markets. To export dried hibiscus flowers from Nigeria, a company must first register with the Corporate Affairs Commission and obtain an export license from either the Nigeria Export Promotion Council or the Federal Ministry of Solid Materials Development. With the proper documentation and licenses in place, a company can export dried hibiscus flowers that meet specifications for around $1500-2000 per ton to markets in Europe, America, and Asia.
Dried hibiscus flowers can be exported for profit, as there is demand in foreign markets. To export dried hibiscus flowers from Nigeria, a company must first register with the Corporate Affairs Commission and obtain an export license from either the Nigeria Export Promotion Council or the Federal Ministry of Solid Materials Development. With the proper documentation and licenses in place, a company can export dried hibiscus flowers that meet specifications for around $1500-2000 per ton to markets in Europe, America, and Asia.
Dried hibiscus flowers can be exported for profit, as there is demand in foreign markets. To export dried hibiscus flowers from Nigeria, a company must first register with the Corporate Affairs Commission and obtain an export license from either the Nigeria Export Promotion Council or the Federal Ministry of Solid Materials Development. With the proper documentation and licenses in place, a company can export dried hibiscus flowers that meet specifications for around $1500-2000 per ton to markets in Europe, America, and Asia.
A hibiscus flower is an ornamental plant with great medicinal properties that he
lps reduce blood pressure, control cholesterol and other health challenges when used correctly. There are more that 300 species of hibiscus flower found worldwide but in Nigeri a, the red Hibiscus flower is very common. Hibiscus flower plant is grown more by farmers in the northern part of Nigeria a nd it is usually from late December /early January. When dried, the red Hibiscus flower popularily called Zobo leaves is used to pro duce a popular health drink/tea called Zobo in Nigeria. the Hibiscus flower is a very lucrative export business that can be exported to Europe, America and the Asian market. Foreign buyers in these countries need Dried Hibiscus flower. it sells for $1500 to $2000 per ton in the international market. Foreign buyers may request either FOB or CIF qoutes from suppliers. To start exporting this goods, there is need to have a registered company with t he Corporate Affairs Commission and also get the Export License from the Nigeria Export Promotion Council. SOURCE Dried Hibiscus Flower of Nigeria origin has the following specifications: Impuries- 0.7% Total Ash- 10% Appearance- Cleaned petals Colour- Red Moisture content- 12% maximum The local market price from the dried hibiscus per MT ranges from N140, 000 to N 160, 000 to deliver to Lagos during the season. It may be as high as N180, 000 when the season is over. PROBLEM STATEMENT 1. How to contact foreign buyers of the Nigeria Dried Hibiscus flower 2. How to get them to sign the product export contract 3. How to contact local seller of cheap Dried Hibiscus flower in Nigeria 4. Method of payment recognized in export business 5. Export business documentation. HOW TO OBTAIN THE EXPORT LICENSE Before the start of export business in Nigeria, there is need to obtain a licenc e from relevant government agencies saddled with the issuance of licence to exp orters. Having the licence allows to legally carry out shipment of commodities a pproved by government There are two government agencies vested with the power to grant export licences in Nigeria. they are The Nigeria Export promotion council (NPEC) and Federal Mi nistry of Solid Materials development FMSMD. NPEC is saddled with the responsibility of issuing export licences for agricultu ral commodities and manufactured goods while the FMSMD is responsible for granti ng licences for extraction and exportation in Nigeria.
BELOW ARE THE CONTACT INFORMATION OF THE GOVERNMENT AGENCIES
Nigeria Export promotion council (NPEC) Head office- Export House, Kumba street, Wuse Zone 2, Abuja. Zonal Office- no. 13/15 Oladipo Oluwole Street, Apapa, Lagos Tel: 01- 5460027, 5872335 Federal Ministry of Solid Materials development FMSMD Head office- Federal Secretariat building, 5th floor, PMB 107, Suleja. Abuja NPEC REGISTRATION REQUIREMENT Duly registered Limited Liability company certificate copy Application form N1000 Registration fee N10, 000 Period of registration- 1week minimum