Operating a Granite Quarry in Nigeria

13 Aug 2010 • by Natalie Aster

The ever increasing deficit in the housing supply in Nigeria estimated at over sixteen million {16,000,000} units and the need for the provision of essential infrastructure continues to drive the demand for granite chippings to record high.

Also the quest of Lagos state ,south western Nigeria ,which is basically sitting on a sedimentary environment to be amongst the top mega cities in the world is also deepening the marketing and has lead to the establishment of more quarry in the Lagos-Ibadan corridor in the past seven {7} years.

In 2009, There was a net production of about fifteen million {15,000,000} MT of granite chippings whereas about sixteen million, two hundred thousand {16,200,000} MT was demanded in the Abuja axis of the market showing a net deficit of one million, two hundred thousand {1,200,000} MT indicating a ready market for the product that has been estimated at N2, 400,000,000 Billion {exchange rate at the time of writing $1 = N150}

The report Operating a Granite Quarry in Nigeria; The Business Plan is must have for interested investors because it would provide details of the market segmentation, legal requirements,estimated cost of set-up and the expected returns on investment.

The SWOT analysis of the project is given below

Strength

• There is a ready market for aggregates all year round
• Availability of labour locally
• The presence of the equipment suppliers and technical partners
• Professional input through professional managers and Consultants
• Central and accessible location

Potential Weaknesses

• Unavailability of raw materials
• Availability of experts for plant maintenance
• Lack of adherence to business plan recommendations

Opportunities

• Proximity to the busiest construction market
• Competitive pricing
• Government incentive supports mining business – Duty free import of equipment, 3 year tax holiday et.c
• There is a large demand of crushed rock aggregates
• Potential to create employment opportunities.
• Possible business expansion into stone processing
• Improving national economic environment.
• High prospects due to continuing economic stability.

Threats

• High Interest Rates
• Availability of quality spare parts
• Political instability in the years to come
• Instability in Government’s policies
• Disruption of power supply thereby causing over-reliance on generators
• Other competing fruit quarry plants

The report Operating a Granite Quarry in Nigeria; The Business Plan is up to date and would enable the investor to make sound investment decision.

To order the report or ask for free sample pages, please contact [email protected]