₦airaland Forum

iamGholdaniel:
am into buying and selling of foreign rice at lagos, but I now decided to further! and I am admitted to study agricultural economic at ebonyi state university. " and I want to setup a new business, which business is advisable for me with 400k capital. I mean business that would not obstruct my academic activities.

Get a space in n your school and set up a fast food joint (noodles, chips, fried yam, plantain, etc.)

8 Slots left.

available

kongobros:
I will like knowledgeable Nairalanders to help with suggestions to the following questions

1. Procedures to owning a petrol/gas station

Find below the procedures and requirements as provided by DPR, the regulatory body in charge of all filing station operations.

Procedure and conditions for granting approval for the construction and operation of
Petrol Station; these guidelines are in compliance with Petroleum (Amendment decree
no. 37 of 1977 safety rules and regulations).

1. SUITABILITY INSPECTION
The intending Marketer should submit an application to DPR for site suitability inspection. The inspection shall among others issues report on the following basic requirements:-

(i) Size of the proposed land site.
(ii) The site does not lie within pipeline or PHCN high tension cable Right Of Way (ROW).
(iii) The distance from the edge of the road to the nearest pump will not be less than 15 meters.
(iv) Total number of petrol stations within 2km stretch of the site on both sides of the road will not be more than four including the one under consideration.
(v) The distance between an existing station and the proposed one will not be less than 400 (four hundred) meters.
(vi) The drainage from the site will not go into a stream or river.
(vii) In some instances where site is along Federal Highway, a letter of consent from the Federal Highway is required.
(viii) DPR guided/supervised EIA study of the site by DPR accredited consultant.

2. APPROVAL TO CONSTRUCT
(i) If suitability report on the above preliminary issues is favorable, the under listed documents shall be required for submission to DPR office for review without any obligation on DPR to grant ATC if any negative change to the suitability situation of the site occurs before the grant.

DOCUMENTS REQUIRED
(a) Application letter addressed to the Operations Controller of the DPR Zonal/Field office nearest to where the location of the proposed station site.
(b) Two (2) photocopies of Certificate of Incorporation.
(c) Two (2) photocopies of Memorandum and Article of Association.
(d) Two (2) photocopies of Current tax clearance.
(e) Original and photocopy of Police report.
(f) Original and photocopy of Fire report and Certificate.
(g) Two (2) original copies of Approved building plan.
(h) Two (2) photocopies of letter from Land & Survey.
(i) Two (2) photocopies of Deed of conveyance.
(j) Environmental Impact Assessment (EIA) report for underground storage tank capacities greater than 270,000 litres.
(ii) After “Approval to construct” is granted, it is mandatory that some meaningful development be made on site within three (3) months from the date approval was granted. The approval expires if no development commences within the time frame.
(iii) Sign Post should be installed on site immediately after approval to
construct is granted. The sign post should indicate the name of the company and the reference number of the approval letter.
(iv) Companies involved in building of Petrol Stations, construction and fabrication of U/G storage tanks and canopy shall have DPR Permit to operate as Oil Industry Service Company.

3. STORAGE AND LICENCE TO OPERATE A PETROL STATION
After ATC and the construction of the station during which it is mandatory to invite officer(s) of DPR to witness the burial and Pressure/Leak test of the U/G tanks, an application for storage and sales licence to operate the station must be obtained.
The following requirements must be met.

REQUIREMENTS FOR ISSUANCE OF STORAGE AND SALES
LICENCE

The following conditions must be met before storage and sales licence can be granted.

(i) A minimum of three (3) underground storage tanks (one each for PMS, DPK, and AGO.)
(ii) A minimum of three (3) dispensing pumps(one each for PMS,DPK and AGO)
(iii) Office building: Two (2) offices, sales room, toilet, lube bay/store (Optional).
(iv) Well concreted forecourt “IN/OUT” drive way inclusive.
(v) Wall fence demarcating the station (minimum height of 1.5m high).
(vi) Good drainage Network.
(vii) Safety facilities (Fire Extinguishers, Sand Buckets, strategic display of “NO SMOKING” warning signs.
(viii) Station Sign post/logo of company/outlet.
(ix) Standard canopy over PMS pumps (mandatory) with company name and logo boldly written.
(x) Standby Generator.
(xi) Accessible Potable water source.
(xii) Standard (51” x 30”) price bill board with changeable price mechanism

DOCUMENTS REQUIRED
(a) Products U/G tanks pressure test report/Certificate and Leak detection test (original printout).
(b) Photographs of the station 8” X 10” (not computer generated photographs (snapped from different angles such that in/out driveways pumps and other facilities are clearly shown).
(c) Current Fire certificate.
(d) Application form with Bank draft attached (amount depends on storage capacity).
(e) Evidence of trained attendants.
(f) Application letter addressed to: The Operations Controller, Department of Petroleum Resources

2. How much you think initial capital needs to be

Varies greatly, depending on location and intended scale of operation. However, for a modest station, budget (30 to 50) million naira.

3. What kind of business can someone start with N10M?

Poultry farming, palm oil production, feed milling, fish farming, vegetable farming, transportation, etc.

Pls i need input from experienced people in the house

Thanks

Welcome

olasun4u:
ok, details

Send a mail to menama9ja@gmail.com or call/Whatsapp 09075223742

We are into waste recycling, with a functional factory. we need to scale up operations.

We offer 8.33% of your invested sum every month for 12 months and u get ur principal back in full.

No ponzy, no scam. Contact for our business plan. If interested, come visit our factory and we take it from dia.

Meanwhile, only 8 Slots left.

SFSNIPER:
Any manufacturer or recycler that needs satchet water or plastic waste should send a mail to lordbaruka@gmail.com

Do do have waste non PET plastics, ?eg jericans, buckets, etc. injection, blowing, car bumper? We buy any quantity you have, minimum of 5tons though

menama:
I have a 2 tone per day used oil expeller machine for sale in kaduna state.

Price is 500k slightly negotiable


menama9ja@gmail.com

Call/Whatsapp: 09075223742

Available

safe physical business. no ponzy

Hmm

Good-morning

Paulordiah:
for ground nut oil

Yes. can be used to mill groundnut or soyabean to produce groundnut oil or soya oil

“Whatever the mind can conceive and believe, the mind can achieve.” -- Napoleon Hill

"The best time to plant a tree was 20 years ago. The second best time is now." -

Chinese proverb.

menama:
Good-morning.

8 Slots left

available

SFSNIPER:
Any manufacturer or recycler that needs satchet water or plastic waste should send a mail to lordbaruka@gmail.com

What type of plastic waste do you have?

I have a used 200Kg/hr used oil expeller machine for sale in kaduna state.

Machine is in good working condition

Can be used for the production of groundnut oil, soyabean oil, cotton seed oil, palm kernel oil, etc

Price is 450k (negotiable)


menama9ja@gmail.com

Call/Whatsapp: 09075223742

Do you have waste non PET plastics,? eg jericans, buckets , car bumper, etc

8 slots left

almeida3:
Hello Manama
Am Currently having 495 birds @ 9 weeks n feeding them with 1bag (25kg) per day. Are they underfed? + if not, when am I expected to increase the feed supply.
PS: I am a first time farmer.

Hello. Find below a recommended feed intake for your birds from 9wks old till lay.




Week Qty of feed per bird (grams)
9 54
10 57
11 60
12 64
13 68
14 70
15 72
16 78
17 80
18 85
19 90
20 95
21 100
22 105
23 108
24 115
25 120
26 125


Note: First column, 9,10,11,12...... represent age of birds in weeks. Second column, 54, 57, 60........... represents the quantity of feed per bird, per day.

The federal government of Nigeria believes substitute sources of revenue generation will grow the economy out of its current situation provided areas such as Agriculture and Manufacturing are ventured into passionately. The World Bank Global Economic Prospects report released shows that the sub-Saharan African growth is projected to slightly increase by 2.9 percent “while the global economic growth would pick up moderately to 2.7 percent in 2017,” Jim Yong Kim, World Bank Group President cited.

The report for 2017 projected stronger global economic prospects after years of disappointing global growth, the World Bank is encouraged to see stronger economic prospects on the horizon, Jim stressed.

Consequently, a London-based World Economics report declared Nigeria’s economy is showing prospects and that the economic will recover from the recession by months to come.

Before now, oil prices in the Nigerian market was at an all-time low and with oil being the major source of revenue, Nigerian’s economic outlook indicated signs towards a recession and if not averted would go beyond 2016.

However, the World Bank prediction that Nigeria will get out of recession and grow its Gross Domestic Product by one percent is another forecast by a global body, as reputable individuals and companies also have an outlook for the economy.

Also, the World Bank projects growth in advanced economies, which would edge up to 1.8 percent in 2017, and growth in emerging market and developing economies should generate up to 4.2 percent this year from 3.4 percent in 2016 amid steadily rising commodity prices.

A moderate growth rate at 6.2 percent is expected in East Asia and the Pacific, likewise for the Middle East and North Africa, the economy is projected to recover modestly at 3.1 percent. Latin America and the Caribbean is expected to expand and grow positively by 1.2 percent and a moderate pickup of 7.1 percent and 2.4 percent in South Asia and in Europe and Central Asia respectively.

With the power shift in the United States, changes in policies are inevitable. However, Ayhan Kose, the World Bank Development Economics Prospects Director reports that growth in the U.S. is expected to slightly increase to 2.2 percent, as the forecast is a borderline for policies in major economies.

In a discussion with CNBC AFRICA, Taiwo Oyedele, Partner and Head of Tax Regulatory Services, PwC says the non-oil sector has not performed as expected in 2016. However, he made emphasizes on the Nigeria Customs Service which generated less than 1 trillion naira (about $3 billion), also, Personal Income Tax (PIT) for the whole country was about 700 billion naira (about $2 billion), both Companies’ Income Tax (CIT) and Value Added Tax (VAT) was less than 1 trillion naira.

Oyedele made claims that South Africa’s Personal Income tax alone is more than all the taxes combined, remitted in Nigeria, unemployment rate between both countries are comparable and at least, Nigeria has more population than South Africa.

“Even with the recession, for instance, Lagos State got more revenue in 2016 than in 2015. The partner and head of tax at PwC, said we need to consider and focus on the key taxes such as PIT, VAT, and CIT. Also, the government needs to fix all the loopholes and linkages in the Nigeria Customs Service and expand the tax base, implement fiscal policies that would jump-start the economy so that when people get more jobs, there will be an increment in the remittance in VAT and PIT. We need to look at the non-oil sector in this manner,” Taiwo Oyedele stressed.

To this effect, the Senate President posed a Made-in-Nigeria challenge, mainly to reward zealous entrepreneurs and tenacious local manufacturers in the country.

The federal government earnestly assured citizens that the country would recover from the recession and grow the non-oil revenue sector in 2017. Therefore, individuals are advised to manage available resources within their means.




http://venturesafrica.com/world-bank-forecast-for-nigeria-in-2017/