AGOA, African Growth and Opportunity Act is a window of opportunity for export that was signed into law by the former U.S President Bill Clinton on May 18, 2000 to provide preferential duty-free entry for over 6, 400 products from approximately 140 developing countries, aimed at building free markets and increase foreign investments that promote economic growth, create jobs, and raise the African standard of living.

Nigeria is among the eligible sub-sahara African countries that were granted duty-free entry for several categories of exports under the AGOA generalized system of preferences program of the United States of America. This window of opportunity for export is open until September 30, 2015. Each year the U.S Presidency evaluates the sub-sahara African countries and determines which countries should remain eligible.

But how can you take advantage of this opportunity and start a thriving export business with the help of AGOA? Read on to find out how.

The United States and Nigeria have a joint economic partnership committee for regular dialogue on trade liberalization, transparency and other important issues.

Exportable products under AGOA

Nigeria’s top exports to the U.S include cocoa beans, feed/fodder (i.e. bran, bird seed), spices, tree nuts, dried fish fingerlings, fish fillet shrimps, cassava starch, palm kernel oil, ginger, cashew nut, shea butter, garlic, snail, palm kernel cake, cocoa butter, sesame seed, groundnuts, chili pepper, honey, mushroom, gum Arabic, fruit juice, sea foods, yam, yam flour, agricultural and forestry products, foot wear, fat and oil and preparations, leather articles, solid minerals, tobacco, beverages, assorted handicrafts, and aluminum products.

All you need to do is to choose three perfect product under AGOA, discover the money making potential of each one and use them as your keys to success.
These products are in high demand in the U.S and most of the exporting countries lack the type of preferences which Nigeria enjoys.

AGOA will help you fill the necessary forms; they will also provide logistics and make sure your product arrives the U.S without any hitches.

You can start your export business with little capital. Source for these products locally and sell to major exporters and start making your money without going through the rigors of company registration or NEPC (Nigerian Export Promotion Council) registration. The profit from the first transaction can be ploughed back and an investor should be able to build up his capital base to start exporting directly to the U.S.

The export business is highly profitable. Because of the low overhead cost, most of the money you make on commission is yours. But building a truly profitable business requires dedication and a good knowledge of the business which the Nigeria Export Promotion Council provides.

Not only does this Export Business require little financial investment to start, but it offers the prestige of working with clients from all over the world.

AGOA Office is @ 30, Lugard Avenue, Ikoyi, Lagos to start your export business.