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An Export Compliance Policy sets the rules and guidelines your company follows to legally export goods from Nigeria, ensuring you meet both local and international trade requirements. It helps businesses navigate Nigeria's Export (Prohibition) Act, customs regulations, and foreign trade policies while avoiding potential fines and trade restrictions.

This policy outlines specific procedures for export documentation, product classification, restricted items screening, and trade sanctions compliance. It's particularly important for Nigerian companies dealing with oil and gas exports, agricultural products, and manufactured goods, as these sectors face strict oversight from the Nigerian Export Promotion Council and Customs Service.

Your business needs an Export Compliance Policy when starting to export goods from Nigeria or expanding into new international markets. This becomes crucial when dealing with regulated products like agricultural commodities, minerals, or manufactured goods that require permits from the Nigerian Export Promotion Council.

The policy proves essential during customs inspections, trade finance applications, and international contract negotiations. It's particularly important when exporting to countries with strict import requirements or when handling dual-use items that could have military applications. Having this policy ready helps avoid shipment delays, regulatory fines, and potential trade sanctions violations.

• Comprehensive Export Policy: Covers all export activities with detailed sections on documentation, screening, and compliance across product types
• Industry-Specific Policies: Tailored for sectors like oil and gas, agriculture, or manufacturing, with unique requirements for each
• Product-Based Policies: Focused on specific commodity types, addressing unique handling, documentation, and export control requirements
• Market-Specific Policies: Customized for exports to particular regions or trading blocs, incorporating relevant trade agreements and restrictions
• Risk-Level Policies: Structured based on export risk levels, with basic versions for low-risk goods and enhanced versions for controlled items

• Export Companies: Must implement and follow the Export Compliance Policy across their operations, from documentation to shipping
• Compliance Officers: Create, update, and monitor the policy's effectiveness while ensuring staff training and adherence
• Legal Teams: Draft and review policy content to align with Nigerian export laws and international trade regulations
• Customs Brokers: Reference the policy when handling export documentation and clearance procedures
• Nigerian Export Promotion Council: Reviews policies during export permit applications and compliance audits
• Operations Staff: Follow policy guidelines daily when processing export orders and preparing shipments

• Export Profile: List all products, destinations, and trading partners to determine scope of compliance requirements
• Regulatory Research: Gather current Nigerian export laws, international trade agreements, and sector-specific regulations
• Risk Assessment: Identify potential compliance risks in your export operations and existing control measures
• Stakeholder Input: Collect feedback from legal, operations, and customs teams about practical compliance challenges
• Documentation Review: Compile required export permits, licenses, and certificates for your product categories
• Training Needs: Map out staff roles requiring compliance training and create awareness programs

• Policy Scope: Clear definition of covered export activities, products, and geographical markets
• Legal Framework: References to Nigerian Export Promotion Act and relevant international trade laws
• Compliance Procedures: Detailed steps for export documentation, screening, and restricted party checks
• Roles and Responsibilities: Assignment of compliance duties to specific positions within the organization
• Record Keeping: Requirements for maintaining export documentation and compliance records
• Violation Reporting: Procedures for reporting and addressing compliance violations
• Training Requirements: Mandatory staff training schedules and certification processes

While both documents focus on regulatory adherence, an Export Compliance Policy differs significantly from a Compliance Policy. The key distinctions lie in their scope, application, and specific requirements under Nigerian law.

• Scope and Focus: Export Compliance Policies specifically address international trade regulations, customs requirements, and export controls, while general Compliance Policies cover broader organizational conduct and regulatory adherence
• Legal Framework: Export Compliance Policies must align with Nigerian Export Promotion Council regulations and international trade laws, whereas Compliance Policies typically reference domestic business regulations
• Documentation Requirements: Export policies include specific procedures for shipping documents, permits, and customs declarations, while general compliance policies focus on internal controls and corporate governance
• Risk Management: Export policies emphasize international trade risks, sanctions compliance, and cross-border transactions, while general compliance policies address broader operational and regulatory risks