The Export Brief 1 | Page 18

03 Tidbits for Exporters Getting started in Export Why Small Businesses in Nigeria should get into the export market If you own a small business in Nigeria, you really should consider exporting your goods to other markets. Because, why not? Nigeria’s population is huge but how large is your market within Nigeria’s huge population? Even though available data shows that Nigeria’s economy has exited its worst recession in recent years, domestic customers are still struggling to recover from it and this might just be time for small business owners to consider diversifying their market base by exporting their products or services. For starters, the scale of the export opportunity is huge as more than 95% of consumers and global spending power resides outside Nigeria. It’s easy to think that exporting is reserved for large companies with significant financial backing. For many small business