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Local Raw Materials’ Supply Business

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At the peak of Nigeria’s recent economic recession, which lasted for five consecutive quarters, many manufacturing companies had to implement diverse in-house strategies to remain in business and adequately reward shareholders, especially with the unfavourable foreign exchange situation. Nigeria’s economic recession was a blessing in disguise to the nation and her citizens. It opened many […]

To venture into this kind of business is not difficult but there are criteria you must possess to become a raw material supplier in a manufacturing company in Nigeria, especially those into processing of consumable goods such as:-Company registration name : You must have a registered company name with a traceable address

because companies deal with cooperate entities not individuals.Financial capacity: you must have financial capacity because most companies into processing usually pay after 30-36 days of supply. Having the ability to supply on weekly or monthly basis depending on your capacity or agreement is key to this type of agribusiness.

 

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