Wednesday, April 16, 2014

GRANITE SUPPLY BUSINESS IN NIGERIA; INVESTMENT OPPORTUNITY IN NIGERIA.


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The ever increasing deficit in housing supply in Nigeria which is estimated at over sixteen million {16,000,000} units and the need for the construction of other important infrastructure if the country is to meet up with the vision 20:2020 project of becoming amongst the top 20 economies in the world by 2020 continues to drive the need to granite, an essential construction raw material.

In 2008, It was estimated that the granite chipping demand in southwestern Nigeria was about 24.2 million tons while the total production was about 18 million tons leaving a supply gap of 6.2 million tons. This translates to an annual market size of over N48 billion.

The supply gap has been identified to continue to expand as construction activities in the region continue to grow at a faster rate than the increase in production of granites. According to The Netherlands Development Finance Company (FMO) Nigeria’s housing deficit to date is 17 million housing units on a total population of 140 million with virtually no organized mortgage market.

In addition, infrastructural development particularly with the Federal Government commitment is expected to further expand demand for granite aggregates which are a major input in the construction industry.

It should be noted that the different sizes of granite aggregates can be used for different purposes. They are used to achieve strength and durability in the construction industry. 3 ¼, 1/2 and 7/8 are usually used in the construction of residential accommodation . 

To achieve strength especially in high rise building ,dust and rice are usually mixed with cement to produce strong concrete slabs. They are also used in the production of poles used in the power industry. 

In the construction of roads, dust, rice and ½ are mixed together in the right proportion to get the desired strength and durability.

The 3 ¼ and ½ inch sizes is the most sorted sizes because of the several uses of these sizes.

Lagos, the largest market for granite chips in the country, is not an igneous environment where granite could be found, all the real estate developers, contractors and Civil Engineering and Construction companies gets their granite need from nearby towns.

Granite are usually priced per ton and one ton equals 1,000 KG. Prospective clients could be charged based ex-site delivery{that is the clients would take care of transportation of the product} or quoted inclusive of transpotation to the site of the prospective client.

The average ex-factory price of granite in Nigeria is around N 2,200/ ton.


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At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.


You can order our detailed feasibility report on the supply of building materials [ Cement, Sand and Granite} in Nigeria by clicking on the link below.

Report Title: HOW TO MAKE HUGE PROFIT SUPPLYING BUILDING MATERIALS {CEMENT, GRANITE AND SAND} IN NIGERIA.

Report Code: FORA/2014/BUILDINGMATERIALS/88835542662

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HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA

Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.

The training cuts across different segment of the economy to include Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism and Transportation and are facilitated by seasoned professionals in their respective fields.

Please do visit the link below to access available training programmes

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We prepare business plan, feasibility study and market report for the small and medium scale industries and develop the entrepreneurial capacity of our client with the aim of providing the much needed business data in Nigeria.

In keeping with our vision of providing services that adds value to our clients business and resources to develop their business into a strong and visible global brand, we would like to introduce to you to our sister websites

www.nigeriaoilandgasportal.com {The one stop for the oil and gas industry in Nigeria}
www.nigeriabusinessplace.com {Online Business Forum}

The details in this article is based on information from various sources that we believe are reliable; however no representation is made that it is accurate or complete. While reasonable care has been taken in preparing the articles, no responsibility or liability is accepted for errors of fact or for any opinion expressed herein. The articles are for information purposes only. 

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