由 caicai8478 Exporting to Nigeria: Certification and fraud prevention are equally important
SONCAP certification: Nigeria’s SONCAP certification covers 90% of industrial products, including laptops. Goods that have not been certified may face the risk of destruction. Enterprises need to check the HS code corresponding standards through the SON official website and prepare for certification 6-12 months in advance.
Fraud prevention measures: There are fraud risks in Nigerian trade, such as customs and customers colluding to take away goods, buyers defrauding advance payments, etc. Enterprises should stipulate “zero tolerance corruption clauses” in the contract, and employees should receive training on the Anti-Bribery Law. When trading, DDP trade terms can be adopted, and the seller shall bear the customs clearance risk and purchase political risk insurance.
Foreign exchange risk: Nigeria is short of foreign exchange, and it is possible to consider signing a RMB-denominated contract and settling through the Lagos Branch of the Bank of China (the trade term must be DDP). At the same time, we must pay attention to changes in Nigeria’s foreign exchange policy and adjust strategies in a timely manner.