Do you know that Nigeria is the Blot export economy in the world? In 2016, Nigeria exported $36.9 Billion and imported $35.1 Billion resulting in a positive trade balance of $1.81 Billion. The GDP of Nigeria was $404 Billion and its GDP per capitals was $5.86.
In 2007, the following product categories represent Nigeria’s top 10 product purchases and are still in high demand because of increase in the population. They include –
Exporting business is very lucrative in Nigeria and can be referred to as a gold mine. This is because statistics has it that the export business is worth over & 900m alone.
Nigeria is a country with a population of over 190 million people. This means it has the largest market in Africa. Hence, due to high population, there is substantial growth prospects for the following industries.
When it comes to international shipping, there are two main options: ocean freight or air freight. Air freight is basically moving cargo in airplanes from point A to point B. Ocean freight means moving the cargo in ships, either in a full container (Full Container Load: FCL), or sharing space with other