What really is DTI? Or rather, what is DTI in the Nigerian import/export business? How can you invest in DTI in Nigeria? Have you heard the term before? Player in the Nigerian export and import business, probably know the answer to what DTI is. This article will focus on how you can make cool profit from running this cafe.
WHAT IS DTI?
The term DTI stands for Direct Trade Input, and describes a means through which the Nigerian Customs processes import or export documentations or declarations. Unlike the practice in the analogue days, the DTI affords shipping companies, importers and Custom Agents (regarded as declarants) the opportunity to submit manifest and declare their goods electronically to the Nigerian Customs. This electronic declaration made possible by the ASYCUDA platform is really helping those in the Nigerian logistics business play active roles in the process of cargo clearing with the government agencies.
The benefits of allowing declaration of goods via an online platform to the Nigerian Custom include the following:
- Trade facilitation: the dti tool has allowed the Customs focus on more urgent issues that has enhanced speedy cargo clearance.
- Participation opportunity: all involved in the trade can now participate and understand how things work in terms of documentation or goods declaration with the government agency.
- Entrepreneurship opportunity: DTI tool has indeed created opportunity for my thinking minds. We shall discuss the opportunities made possible by the direct trade input and how you can tap-in.
The Nigerian Customs allow the shipping lines (also called carriers), the trader and the Customs Agents access to the DTI platform. However, there is this group of private business owners who are trained to help in manifest monitoring, goods declaration, etc. This is exactly the group I am interested in amplifying to your notice – the DTI Cafe.
WHAT IS DTI CAFÉ?
Put simply, DTI cafe owners are like every other cyber cafe operators. They are private businesses with the right technology, environment and training to do the work of manifest submission and goods declaration for the shipping lines and the traders or Custom Agents. The cafe is a very lucrative business that offers important services in the clearance process. Operators are documentation specialists, who combine other services in and around the cargo clearance to render valuable services.
In my next article, I will give a clear and simple way of investing in this niche of the import value chain. I will expose you to opportunities yet untapped in this area. Until then, thanks for reading this article. Lastly, feel free to drop a constructive criticism.