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1.4 Break-Down Capital expenses

Startup Capex

No Item Cost (N) Description
1 Concrete pond
construction
200,000
2 Bore hole 150,000
3 Bowl & Plastic 2,000
4 weighing balance 5,000
5 Dragnet & Mosquito
net
5,000
6 pH meter 10,000
7 Hand gloves & towel 2,000
8 Other farm kit 10,000
11 Other Capex 20,000
Total
404,000.00

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1.3 Proposed Capacity

The capacity selection is a critical matter that should be decided through market
research. In this pre-feasibility study, the capacity is a target of 2,000 pieces of 1kg
catfish each production cycle.

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4.2 Project Location

For setting up a Fuel filling station, location is the prime factor. As per the
requirements of the Federal Government, the filling station must be situated in a
commercial area. Fuel filling stations are not allowed to be installed in the residential
areas.

4.2.1 Land

A minimum of nine thousand (9000) square feet of land with at least 75 feet front opening
is required for installing Fuel filling station. An amount of N15 million has been allocated
for the acquisition of nine thousand square feet of commercial land in Lagos.
In this report, prices of commercial land in Ikorodu has been considered, however, prices
may considerably vary in the other places like Lekki or Maryland and other areas of
commercial nature

1.2 Opportunity Rationale

 The scarcity of foreign exchange and its concomitant effects on fish importation
is apt to aggravate the insufficient supply situation and readily lends credence to
the proposed project.
 The need for modern commercial fish farming and integrated farming methods.
 The advancement in technology has helped improved process and also reduce the
risk.
 It’s an opportunity for small investors to earn slow but steady profit
 It can serve as a part time venture as it requires less time compare to other
livestock farming.
 The demand for fish is higher than the supplies as such the market potential of
fish is inexhaustible both locally and internationally.

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Call: 08077918755 , 08105630147

3.5 Frontage:

For free flow of vehicles into and out of the fuel filling station, the site should permit
construction of wide entrance and exit with easy access. It is, therefore, desirable to have
the longest possible frontage, the minimum being 30 Metres. The minimum Entry and Exit
width should be 9 metres.

4.0 Project Inputs

4.1 Project Financing

The total cost of the project is N48.26 million including the working capital of N15.26
million. The sponsors of the project will contribute N9.652 million and the bank will finance
the remaining amount of N38.608 million.

1.0 Project Brief

The objective of this document is to provide information regarding investment
opportunity for starting a fish farm in any big city in Nigeria.

The farm would have the capacity of producing 2,000 fishes of 1kg weight every six
months. This project will require both skilled and unskilled labour.

1.1 Proposed Business Legal Status

The legal status of business tends to play an important role in any setup; the proposed
fish farm is assumed to operate on as a business enterprise

Executive Summary

Fish is the cheapest source of animal protein and because of its low cholesterol level it is
medically recommended as a good food for both the young and elderly.
Fish farming in Nigeria is currently a very lucrative business and this is boosted by the
continuous rise in the demand for Catfish.

Fish farming consists of two major subdivisions, which could either be operated
separately or as an integrated process. The two subdivisions are the nursery and the
grow-out pond operation. The nursery operation is the basis for the grow-out operation
and as such it cannot be operated without the nursery.

The demand for Fish in the country is currently estimated at about 2.66 million tons
annually, as against the local annual production of just 780,000 metric tons, giving a
demand-supply gap of about 1.8 million tons. It is very clear that the demand is far
higher than supply.

The deficit was partly augmented by massive importation of fish of about 900,000 tons
valued at over $800 million dollars. This is a big drawback on our scarce foreign
exchange. Hence, the concerted effort to ensure self-sufficiency in fish production
through aquaculture in Nigeria.
According to the Norwegian Ambassador to Nigeria, “Nigeria imports fish especially
stock fish from Norway, worth over N109.2 billion Naira ($700million dollars)
annually”.

Aquaculture has been estimated to have the potential of producing 2.5 million tons,
which if fully harnessed will almost satisfy the local demand for fish in the country.

This Catfish farming project involves starting a small scale catfish farm in any big city of
Nigeria which will produce premium quality catfish to be sold in the local market,
competing with a few existing brands. The farm will be equipped with modern
equipment & technology in order to ensure the quality of the final products.

The SWOT analysis showed that the opportunities of the business outweigh the
challenges and was concluded that catfish farming idea is healthy and feasible in Nigeria

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3.4 Guidelines for Setting up Of Motor-Fuel Filling Stations

Basic Principles

The governing consideration is to minimize, as much as possible, interference to normal
flow of traffic on the road by vehicles using the amenity and also to ensure safety.

3.4.1 General Conditions of Sitting:

 The Clear distance between two adjacent fuel filling stations (these will also include
fuel filling – cum – service station) should not be less than 300 Metres.
 Fuel filling stations should be well distributed on both sides of the road so that
vehicles do not have to cut across the traffic to reach a fuel filling station. The fuel
filling station on opposite sides shall be staggered.
 Sitting of fuel filling stations near existing check barriers should be avoided.
They should be at least 1 km away from the check barrier.
 The distance between the tangent points of the curves of the side road and that of the
fuel filling station measured in a direction parallel to the centre line of the road
should not be less than 100 metres and the station should be located only in the
outbound direction. However, on expressway and arterial road having dual
carriageway, the distance from the junction should not be less than 300 metres.

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S

Sobandemojisola:
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2. mosquitoes killer night cream
3. antimalarial soap
4. antimalarial body cream
5. writing of different business proposals
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3.2 Certificate (by DPR)

After the installation of the required equipment for the Fuel filling station, DPR will inspect
the working of the equipment, and once satisfied, will issue a certificate verifying that the
installed equipment is up to the required standards. The cost associated with this
certification is N1 35,000.

3.3 NOCs

No Objection Certificate will be required from the following departments prior to the
commencement of the business:

 Certificate of incorporation of company
 Approval to construct/letter of release
 Police report
 Certified true copy of memorandum and article of association
 fire report
 Current three year tax clearance certificate
 pressure test certificate
 Approved building plan Certificate of incorporation of company
 Approval to construct/letter of release
 Police report
 Certified true copy of memorandum and article of association
 fire report
 Current three year tax clearance certificate
 pressure test certificate
 Approved building plan

check your mails

2.4 Industry Growth

There has been a tremendous growth in the transportation sector as well as the fueling
station or retail outlets over the past years. Due to the growing demand of petroleum
products new marketing companies are commencing their operation.

3.0 Regulations & Licenses

3.1 License

Obtaining a license from Ministry of Petroleum and Natural Resources and
Department of Petroleum Resources (DPR) is a pre-requisite for setting-up the Motor Fuel
Filling station. The cost associated with this license is N1 25,000

2.1 Target Customers

The target customers for the proposed project would be the private and commercial
vehicles running on Petrol fuel, private and commercial motor cycles, owners of generating
sets for private and commercial usage.

2.2 Market Demand

At present there are more than 15,000 vehicles plying MILE 12 – IKORODU route as it is
the only route from Lagos mainland to ikorodu and its environs , being a FEDERAL
GOVERNMENT road & also inter-state route underscores the economic viability of the
project.

Also , Due to the increasing epileptic nature of power supply, the demand for
petroleum products have been on the rise as almost every business and residential
apartment in ikorodu and its environs now rely more on generators for constant and
uninterrupted power.

2.3 Market Supply

Breakdown of Retail fuel station for petroleum products in all the States of the Federation,
(a total of 24,226 outlets), namely:

S/N State No of fuel Station
1 ABIA 778
2 ABUJA 303
3 ADAMAWA 390
4 AKWA IBOM 784
5 ANAMBRA 695
6 BAUCHI 385
7 BAYELSA 68
8 BENUE 635
9 BORNO 913
10 CROSS RIVER 550
11 DELTA 742
12 EBONYI 190
13 EDO 465
14 EKITI 210
15 ENUGU 697
16 GOMBE 291

17 IMO 867
18 JIGAWA 298
19 KADUNA 1126
20 KANO 1034
21 KASTINA 442
22 KEBBI 526
23 KOGI 385
24 KWARA 827
25 LAGOS 1751
26 NASSARAWA 348
27 NIGER 522
28 OGUN 2,207
29 ONDO 743
30 OSUN 970
31 OYO 1,657
32 PLATEAU 552
33 RIVERS 719
34 SOKOTO 337
35 TARABA 336
36 YOBE 276
37 ZAMFARA 207

kingralph:
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sent

sugarsoul:
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sent

1.6 Project cost

Cost of Project 48,260,000.00
Loan 38,608,000.00
Equity 9,652,000.00

2.0 Market

The efficient distribution of petroleum products has always been part of the Government’s
petroleum policy, which is reflected in the efforts made by the government establishing
NNPC mega stations across various states in the country in order to meet the increasing
demand for petroleum products.

Geo political zone Major marketer Independent
Marketer
TOTAL NO OF
OUTLET
North central 355 1318 1673
North east 163 726 889
North west 265 1023 1288
South east 194 1227 1421
South south 224 1519 1743
South west 1017 2135 3152
Total 2218 7948 10166

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1.5 Break-Down Working Capital

Start-up Opex & Opening stock

No Item Cost (N) Description
1 Salaries(one month
175,000.00
2 Product supplies ( one week)
15,000,000.00
3 Electricity/Diesel monthly
25,000.00
4 Maintenance
30,000.00
8 Other Opex
30,000.00
Total
15,260,000.00

1.3 Proposed Capacity

The capacity selection is a critical matter that should be decided through market research.
In this pre-feasibility study, the fuel service station will be capable refueling up to 40cars
per hour.


1.4 Break-Down Capital Expenses

Startup Capex

No Item Cost (N) Description
1 Land 10,000,000
2 Civil works 5,000,000
3 Dispenser & Underground
tanks & other equipment
15,000,000
4 Office equipment 150,000
5 furniture & fittings 150,000
6 license & Permit 1,500,000
7 Pre-operating expenses 1,000,000
8 Other Capex 200,000
Tot
al
33,000,000.00

trav:
Thank you for the write up.
Please send to travgate@ymail.com

Sent

1.2 Opportunity Rationale

Transport is one of the most essential sectors of an economy and direct customer for this
project.

This sector facilitates the peoples not only in traveling but also in the transportation of
goods and services throughout the country. The population of Nigeria is growing with the
rate of around 2.54 percent per annum which shows an increase of 5.1 Million people each
year. In order to facilitate the growing population not only the number of motor vehicle is
increasing e.g. The total number of registered vehicles within Lagos is estimated at 240,963
in 2012 compared with 210,798 vehicles registered in 2011. These figures represent an
increase of 30,165 or 14.31% over the 2011 figures, and the functional petrol filling stations
were 1,751 at the end of year 2012. By the year 2016 they would have tremendously grown
up to 2300 functional Stations and over 500,000 vehicles as a result of increasing
commercial activities and the buildings in Lagos.

Motor vehicles registered for private use in year 2012 numbered 186,429 as against 153,181
in 2011, representing an increase of 33,248 or 21.71%. Out of the total motor vehicles
registered for private use in 2012. 169,659 or 91.0% of the number were saloon/station
wagons.

The number of vehicles registered for commercial use increased from 32,490 in 2011 to
32,978 in the year 2012 representing an increase of 488 or 1.50%. Minibuses and
Omnibuses accounted for 12,966 and 764 or 39.32% and 2.32% respectively of the vehicles
registered for commercial use while saloon/station wagons including taxi cabs represented
7,357 or 22.31% of the total figure registered in 2012.

The above growth rates present an opportunity for the new entrants to earn profits by
setting up new petrol filling stations to meet the growing demand.

1.0 Project Brief

This objective of this document is to provide information regarding investment opportunity
for starting a fuel service station in any commercial city in Nigeria.
The station would have the capacity of refueling 40 cars / hour

1.1 Proposed Business Legal Status

The legal status of business tends to play an important role in any setup; the proposed
service filling station is assumed to operate on as a private limited company.it is mandatory
for petroleum traders to be registered as a limited liability company.

Executive Summary

A lot of investment opportunities abound in the oil and gas industry in Nigeria and one of
such opportunities is in distribution, storage and marketing of refined petroleum products.
Petroleum products are among the most valuable natural resources abundantly available in
our country. Nigerians and people everywhere use petroleum products as a fuel in their
automobiles, generating sets, industrial plants and for cooking purposes, thus making
petroleum products an essential commodity that is needed for the daily operations of
individual, industrial and national activities.


Nigeria being an oil producing nation however still relies on imported petroleum products
for the servicing of the economy. Such petroleum products as Petrol
(PMS), Diesel (AGO) and kerosene (DPK) are products utilized by almost everybody on
daily basis at an average of 10 million litres daily usage.

Due to increasing level of standard of living, more Nigerians are increasing the number of
cars on the road, the need for constant power supply to aid uninterrupted production of
goods and services and also for domestic use more Nigerians are increasing the demand for
fuel in order to enjoy the usage of their generating sets and industrial plants
Currently, the demand drive daily average consumption of the three main refinery product
streams is as follows:

Premium motor spirit (Petrol) 40,000,000 Liters
Automotive Gasoil (Diesel) 18,000,000 Liters
Household kerosene 13, 000,000 Liters

Thus, the need for service filling station is on the rise. More succinctly, the growing
population of car owners and increased movement of the populace from one place to
another have been on the increase lately and this has not been matched by the number of
filling stations on the up-spring, making the market under-serviced.

This filling station project involves starting a fuel service filling station in any big city in
Nigeria which will market petroleum product (AGO, PMS&DPK). The service filling station
will be equipped with modern dispensing pumps & generators.

The SWOT analysis showed that the opportunities of the business outweigh the challenges
and was concluded that fuel service station idea is healthy and feasible in Nigeria

http://nairamarkets.com

Drop your mail here to get the full report :
what's app or call for more info :08077918755 ,08105630147

8.3 Key Assumptions
 A tuber of yam weighs 8-10kg
 100 pcs will cost an average of N9,000
 On the average - 8kg yam will produce 1kg of poundo yam flour
 Average price of poundo yam flour is N300/kg
 Interest rate is at 20% per annum
 Repayment duration is 5 years
 Loan is 80% of the project cost, equity is 20%
 Revenue is projected to increase by 20% annually
 Expenditures is projected to increase by 5% annually
 Income tax at 30% / annum

Drop your mail to get the full report including the financial summary

sonnie10:
I will like to know the yam peeling machine you listed. Thanks.

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Opportunities
 Fast growing middle class population within Nigeria
 Increasing purchasing power of average Nigerian consumers living abroad
 Huge population of Nigerians living abroad
Threats
 Cheap imitation poundo yam flooding the market
 Non-compliance with strict NAFDAC regulations on production
 Infectious disease outbreaks

7.0 SWOT Analysis

Strengths
 Availability and easy accessibility to raw materials
 Access to cheap labour
 Thorough knowledge of target market and their peculiar needs


Weaknesses
 New entrant in a competitive business requiring initial high marketing costs
 Semovita is generally considered a more suitable alternative to Poundo yam since
poundo yam is often seen as artificial