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Paint Consumption In Nigeria Hits N96bn - Properties - Nairaland

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Paint Consumption In Nigeria Hits N96bn by sophsia62: 5:01am On Nov 06
Despite the prevalent harsh business terrain in the country, paint manufacturers said that consumption of the product is currently on the increase with the figure put at N96.50 billion as at the third quarter of this year.


According to Paint Manufacturers Association of Nigeria, (PMA), a group of the Manufacturers Association of Nigeria (MAN) this increase was hinged on current positive indicators in the country. It forecasts that the nation’s paint consumption level would hit N135.80 billion in the year 2025.

Rising from their 2018 annual general meeting (AGM) held in Lagos with the theme: ‘Strategic Roadmap for the Growth of the Nigerian Paint Industry,’ the group observed that rapid growth of the economy (especially up until 2015) had provided an anchor for growth and development across all industries.


They said it saw Nigeria become Africa’s number one destination for foreign direct investments (FDI), mainly in capital projects to develop energy, manufacturing, financial, real estate and industrial infrastructure.

Other factors include high demand for real estate properties particularly residential housing demand and growing demand for commercial real estate properties.



Some experts who spoke with LEADERSHIP said it also had positive effects on coil coatings, wood coatings, interior and exterior decorative paints, powder coatings used for extrusions and protective coatings for steel and metals. Presently, they said the deficit in the residential housing sector oscillate between 17 to 20 million units, which spells big market demand for paint products across the country.

https://www.akelicious.net/2018/11/paint-consumption-in-nigeria-hits-n96bn.html

1 Like

Re: Paint Consumption In Nigeria Hits N96bn by Mankosi: 7:12am On Nov 06
It means Nigerians are building more houses in this buhari's regime meaning things are more better now than before...

2 Likes 1 Share

Re: Paint Consumption In Nigeria Hits N96bn by temmy6996(m): 7:13am On Nov 06
Ok
Re: Paint Consumption In Nigeria Hits N96bn by Mankosi: 7:13am On Nov 06
2
Re: Paint Consumption In Nigeria Hits N96bn by miqos02(m): 7:13am On Nov 06
Fine
Re: Paint Consumption In Nigeria Hits N96bn by Toxako: 7:13am On Nov 06
There are some businesses that are just unimaginable to be successful, yet they'll be screaming Youth should go back to farming. Imagine, why not paint business?

3 Likes

Re: Paint Consumption In Nigeria Hits N96bn by WeJCKs(m): 7:13am On Nov 06
our brothers overseas are making it big. FTC

2 Likes

Re: Paint Consumption In Nigeria Hits N96bn by Articul8(m): 7:14am On Nov 06
With those their fake paints like chalk.

1 Like

Re: Paint Consumption In Nigeria Hits N96bn by sojayy(m): 7:14am On Nov 06
ok
Re: Paint Consumption In Nigeria Hits N96bn by cooldipo(m): 7:14am On Nov 06
Local painters has even mastered the act of paint production now......



With decent result and quality..... Was impressed really!

6 Likes

Re: Paint Consumption In Nigeria Hits N96bn by emmykey0128(m): 7:14am On Nov 06
Na increase in slay mama"s and small girls with big gods cause the increment in paint consumption, dey Don use am paint their faces finish

1 Like 1 Share

Re: Paint Consumption In Nigeria Hits N96bn by inoki247: 7:15am On Nov 06
I'm sure that's the handy work of ladies who love Makeup and Aboki wey like hard Drugs dat can consume anything......

1 Like

Re: Paint Consumption In Nigeria Hits N96bn by cinoedhunter: 7:15am On Nov 06
It's alright sad
Re: Paint Consumption In Nigeria Hits N96bn by Hotfreezer: 7:16am On Nov 06
Mankosi:
It means Nigerians are building more houses....

No, it means Nigerians are repainting old houses and increasing house rent.

Jokes apart though, the construction industry is looking good post-recession and anything affiliated to building is a hit.

7 Likes

Re: Paint Consumption In Nigeria Hits N96bn by cooldipo(m): 7:16am On Nov 06
They are the chief lobbyist.....



All the PPU are the cronies, they specify that a particular paint maker be patronize without any technical proof of superior quality



Abeg check my signature jare
Re: Paint Consumption In Nigeria Hits N96bn by deepwater(f): 7:16am On Nov 06
Slay mamas painting body with make up
Re: Paint Consumption In Nigeria Hits N96bn by Etranshub(m): 7:17am On Nov 06
cooldipo:
Local painters has even mastered the act of paint production now......



With decent result and quality..... Was impressed really!
if you know you know
Re: Paint Consumption In Nigeria Hits N96bn by phorget(m): 7:18am On Nov 06
Really? may be they all calculated the paints used by our ladies in painting their nails,lips and faces anyway. undecided
Re: Paint Consumption In Nigeria Hits N96bn by Naughtysite: 7:19am On Nov 06
Real Estate is the number one business cool

2 Likes

Re: Paint Consumption In Nigeria Hits N96bn by slapacha: 7:19am On Nov 06
Their makeup is too much
Re: Paint Consumption In Nigeria Hits N96bn by sucess001(m): 7:19am On Nov 06
i use Berger Paints....those guys make madt paints...makes the house look cool...i try to repaint every year...not easy but makes the house look new...

2 Likes 1 Share

Re: Paint Consumption In Nigeria Hits N96bn by sunnywhyt007: 7:20am On Nov 06
Country color color
Re: Paint Consumption In Nigeria Hits N96bn by HenryDion: 7:20am On Nov 06
Hmm.. Who doesnt know that paint production is lucrative? Read how to start this business here https://entmirror.com/paint-production-business/

1 Like

Re: Paint Consumption In Nigeria Hits N96bn by adegeye38(m): 7:21am On Nov 06
Toxako:
There are some businesses that are just unimaginable to be successful, yet they'll be screaming Youth should go back to farming. Imagine, why not paint business?
Its because is extremely profitable nd a way out of our mess
Re: Paint Consumption In Nigeria Hits N96bn by gentlegenius(m): 7:26am On Nov 06
Mankosi:
It means Nigerians are building more houses in this buhari's regime meaning things are more better now than before...

Re: Paint Consumption In Nigeria Hits N96bn by gentlegenius(m): 7:28am On Nov 06
Toxako:
There are some businesses that are just unimaginable to be successful, yet they'll be screaming Youth should go back to farming. Imagine, why not paint business?
Paint manufacturing may not be a bad business idea, but if I should be frank with you, farming is better and more profitable. Farming is your fastest way to becoming rich. As a manufacturer of paint, you'll need a very long time to build a brand for yourself before you could make enough money from selling your paint. Exporting your paint will also be very difficult, but selling and Exporting your farm products doesn't take time and branding. Starting a paint factory is also more difficult and expensive than starting a poultry farming, fish farming, snail farming, bee farming etc.
Farming doesn’t start and end with tilling the soil to grow crops. Instead of toiling every year to grow crops on a land that wouldn't yield well, it is better to construct a small house on that land and rear livestock. This is where Nigerians fail and believe that farming is suffering and brings very little profit.
A man in Kenya planted 200 trees of avocado pear a few years ago. Today he makes $20000 (about 7.2 million naira) annually from Exporting avocado fruits to USA and China.

3 Likes

Re: Paint Consumption In Nigeria Hits N96bn by MaziOmenuko: 7:29am On Nov 06
sucess001:
i use Berger Paints....those guys make madt paints...makes the house look cool...i try to repaint every year...not easy but makes the house look new...

Lol...if you still see the need to repaint after every year while using Berger, then port to Dulux paint as their won't be need to repaint yearly with Dulux Paint.

4 Likes

Re: Paint Consumption In Nigeria Hits N96bn by jericco1(m): 7:31am On Nov 06
people are making it real in this supposedly harsh economy, and they will still join low income earners to complain that there is no money.

1 Like

Re: Paint Consumption In Nigeria Hits N96bn by lonelydora: 7:32am On Nov 06
There is no money, economy is hard......And people are building more houses and buying more cars.


Baba God...pls pick my call....i have been calling
Re: Paint Consumption In Nigeria Hits N96bn by milvet(f): 7:32am On Nov 06
sucess001:
i use Berger Paints....those guys make madt paints...makes the house look cool...i try to repaint every year...not easy but makes the house look new...
you can try my product for a changem

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