kola nut business in nigeria

Kola nut export is one of the least know money maker in some parts of this country. If you have access to Kola nuts, you are in for dollars exporting it to foreign countries. Kola nut is highly sought after because of its many usages both in pharmaceutical and soft drinks productions.In Nigeria, Kola nut is very important because it is used as a good gesture in marriages, business transactions, and in many occasions as a way of showing respect. Kola nuts are given to strangers in many parts of Igboland as a hospitality and welcome gift. But beyond that, cola nut is also capable of making millions of dollars to exporters.The prices of kola nuts vary in Nigeria markets, but when you are poised to having it exported out of the country, you will be sure to have the profit margin rounded up many times for you.

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For instance, the price you get a basket ofkola nut in Ondo state is quite different from what you would get it in mile 12 market in Lagos. In fact, the differences may be N60,000 as against the N12,000 for the same quantity of 75 kg of kola nuts in local markets.One thing that is assured is that any how you retail it in Nigeria markets, you are assured of making enough profits. This may be the reason why many of the dealers don’t seem to bother about takingthe product out of the country.Kola nut is used for many things abroad including spices. It is so useful in oversea that no amount you exported that can be enough. This where the money is.

Steps to Start Kola Nut Export to Foreign Countries

After you might have secured a buyer through referral or through internet, you can conveniently start the business with at least N50,000.When you buy the kola nuts and have taken enough time to clean it up of some unwanted spots due to Ants infections and other weather related black spots, thenext thing is to have it wrapped with a paper wrapper at the weight of 1kg per wrapper then have it 7 wrappers packed into a carton which would be 7kg in all. That is the acceptable kg per carton.So with a kola nut of N50,000, you would spend at least N10,000 to get the wrappers and other expenses to have it packaged after which you take it to a COURIER company for transporting to the destination where your kola nut export customers are.This is for a small scale kola nut export. If you are going big with the business then you would have to register with the shipping council to have your goods forwarded for you without hassles.Even as a small scale kola nut exporter, you are assured of 100% profit of any goods shipped to your overseas customers.Do not forget to look for a courier company with the most favorable prices to export your goods. Always make sure that none of the cartons exceeds 7kg to avoid being rejected by the courier. As youcan see, kola nut export is quite simple, simpler than you think.For those that want to do it in a big way, having an online presence where you can have your goods advertised is very important.

Where to Get Customers For Kola Nut Export

New Zealand, Brazil, UK, Australia, Canada, and USA. These countries are known to have large productions of energy drinks with some high rates of their consumption.Other cash crops in Nigeria like Cashew nuts and the likes can also be exported out of the country and make money by following almost the same steps as outlined above.Kola nuts can sourced from Abidjan in greater quantity for export into the foreign markets for some maximum profits. Once you have made up your mindto go into it, be sure to have it done in a big and admirable way because kola nuts exportation is a lucrative business.