Asked on 15th July, 2020
6 months ago
6 months ago
Nigeria has got good economic ties with China, hence trade between both countries will not be a big deal at all.
Goods are either imported via ship through the waters or via airlines. A guide of product you can import from China are:
i. Electronics appliance and gadget
ii. Fashion Accessories
iii. Home and Office appliances
Some products have been prohibited from being imported into the country. They are:
- Pork Meat
- Nuclear industrial waste
- Alcoholic substances
- Drugs and narcotics
- A medicament which falls under the headings of 3003 and 304. You need to confirm which ones are they before importing them
- Waste pharmaceuticals
- Corrugated paper and paperboards
- Used motor vehicles above 15
- years from the date of manufacture
- Bagged cement
- Certain furniture items
- Water including mineral water
- Carpets and certain textile floor covering
- Used compressors and used fridge and freezers
- Second-hand clothing
To start with, you need the following documents to be able to import goods:
- Form M. This can be obtained from the Central Bank of Nigeria, through the commercial bank you deal with.
- Insurance certificate: It covers goods against risk
- Agency Certificate: The agency supervising the dealings of the goods you produce will hand you a certificate (e.g NAFDAC certificate for importing drugs)
- Commercial Invoice: This is issued from China and would be requested by the Nigerian Customs at entry points.
- Bill of Lading/Airways Bill: Your carrier will issue your customs agent with this document.
- In making payments, the following are the acceptable means:
Telegraphic Transfer, Western Union, PayPal, AliPay, Escrow, Letter of Credit.