Shipping to Nigeria - Step by Step Import Processes in Nigeria

Guidelines & Regulations on Importation into Nigeria

Creating Shipment / Consignment, Signing Sale Contract, Documentation & Import Compliances, Using trade portal, Banker's Obligations, PAAR generation, Pay customs duty, Your Clearing Agent reponsibilities and cargo delivering to Nigerian Importer.

This post, which is rated the best shipping procedures in Nigeria by Nigerian importers answered such question as; what are Shipping procedures in Nigeria, How to Ship to nigeria, Import process in Nigeria, Procedure on how to import from one country to Nigeria, step by step to import goods into Nigeria, also details customs import duty and Taxes in Nigeria. feel free to contact us 08032241768 should you require more information or send us an email: customercare@valuehandlers.com.

Step by Step Import Processes in Nigeria - Best rated shipping procedures in Nigeria

1. Importer and Exporter sign Sale Contract upon reaching an agreement on the details of the trade transaction.

2. Exporter sends PFI and Product Certificate (if regulated by SON) to buyers in Nigeria. The

3. Bank Establishes LC (if applicable).

4. Importer collates Pre-Import Documentation ( PFI, Insurance, relevant permit, e.g Product certificate if regulated).

5. Importer fills the e- Form M online (www.trade.gov.ng), upload relevant documents and then submit.

6. Upon submission, the documents are transmitted to the selected Bank for review and endorsement.

7. The Bank reviews the documents, does KYC, and approve e-Form M and then transmit to NCS.

8. Nigerian Custom Service (NCS) registers approved e- Form.

9. Importer instructs the seller to ship the goods.

10. The seller ships the goods and sends documents to the Importer’s Bank.

11. Importer’s Bank processes Documents and transmits it to the NCS.

12. NCS issues the Pre- Arrival Assessment Report (PAAR) and sends it to the Importer’s Bank.

13. The Bank releases the shipping documents and PAAR to the Importer.

14. Importer delivers shipping documents and PAAR to the clearing agent.

15. Clearing agent obtains assessment notice from Customs to pay Duty.

16. Clearing agent pays duty, clear the goods, and deliver to the Importer

Nigeria Custom Import duty & other taxes

Import duty and taxes are due when importing goods into Nigeria whether by a private individual or a commercial entity. The valuation method is CIF (Cost, Insurance and Freight), which means that the import duty and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight, and the cost of insurance. In addition to duty, imports are subject to sales tax, and other taxes specific to certain commodities such as excise, sugar levy, rice levy, cigarettes levy, and automotive levy.

Duty Rates

Duty rates in Nigeria vary from 0% to 35%, with the average duty rate at 16.96%. Some products can be imported free of duty (e.g. books).

Sales Tax

VAT is levied on imports at a standard rate of 5% on the sum of the CIF value, duty, and excise and other taxes if applicable. Minimum thresholds There is no minimum threshold in Nigeria. Therefore, imports are subject to duty and taxes regardless of their value.

Compile by: Adetayo George-Adewoye, a Supply Chain mgt Consultant, Certified Professional Enterprise Manager and Digital Marketing Coach.

Ship to Nigeria - Professional handling of Air & Sea Freight shipping, Custom clearing & cargo Delivery Service from and to Nigeria for Packages, Item, Equipment, Machines, Raw materials, Dangerous goods, Personal effects, trucks, and Cars, etc. For more information, send a mail via info@valuehandlers.com or put a call through +234(0)803 224 1768