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.
Undoubtedly
a vast investment potential exists in the domestic liquefied petroleum gas
filling sub-sector of the Oil & Gas Industry in Nigeria. A large proportion
of the middle and upper socio-economic class of people depend on gas for
cooking purposes. So are industries, government establishments, hotels,
hospitals, restaurants, bakeries e.t.c
A
statistic for the country some years ago showed that a mere 5% of the
consumption potentials of LPG were attained. It is therefore evident that we
have a long way to saturate the Nigeria LPG Market if it were to be fully
developed because if a domestic consumer is sure of getting LPG when and where
he needs it at the right price, he would most willingly convert from firewood,
coal or kerosene to LPG.
With
huge gas reserves of 185 trillion cubic feet and the Nigerian government's
strong commitment to developing the gas industry through the Gas Master Plan,
there are a lot of emerging opportunities for investors in the sub- sector.
With
less than one kilogram me per capita consumption, Nigeria ranks among the
lowest liquefied petroleum gas consuming states in Africa despite its huge gas
resources.
Today,
Nigeria consumes about 110, 000MT per annum and we have about 130 LPG plants
and 7,000 retailing outlets. If we can move the consumption level up to
750,000MT per annum, we expect to have about 250 LPG plants and 74,970
retailing outlets.”
More
succinctly, a captive market of over 165 million people makes investment in LPG
bottling plant viable since one of the challenges the Federal Government as
well as LPG operators are forced to grapple with is how to popularize the use
of cooking gas in Nigeria.
Following
the unprecedented demand for LPG in Nigeria and attendant scarcity of the
product which has resulted in sharp and arbitrary price increases, the
distribution of gas products has been deregulated. Consequently, private individuals
and firms can now set up LPG plants.
Report Details:
Report Type: Pre- Feasibility Report
Formats of Delivery: PDF / MS WORD
No. of Pages: 29 Pages ( Text Part) / 6 Pages (Financial Part)
Publisher: Foraminifera Market Research
Release Date: 30/08/2015
Language: English
Delivery time: 24– 48hours
Table of Contents:
EXECUTIVE SUMMARY
1.0 Business Overview
1.1 Description of the Business
1.2 Vision and Mission Statement
1.3 Business Objective
1.4 Critical Success Factor of the Business
1.5 Current Status of Business
1.6 Description of the Business Industry
1.7 Contribution to Local and National Economy
2. Marketing Plan
2.1 Description of product
2.2 Product Packaging and delivery
2.3 The Opportunity
2.4 Pricing Strategy
2.5 Target Market
2.6 Distribution and Delivery Strategy
2.7 Promotional Strategy
2.8 Competition
3. Production Plan
3.1 Description of the Location
3.2 Raw Materials
3.3 Production Equipment
3.4 Production Process
3.5 Production Cost
3.6 Stock Control Process
3.7 Pre-Operating activities and expenses
3.7.1 Operating Activities and Expenses
3.8 Project Implementation Schedule
4.0 Organizational and Management Plan
4.1 Ownership of the business
4.2 Profile of the promoters
4.3 Key Management Staff
4.3.2 Management Support Units
4.4 Details of salary schedule
5. Financial Plan
5.1 Financial Assumption
5.2 Start up Capital Estimation
5.3 Source of Capital
5.4 Security of Loan
5.5 Loan Repayment Plan
5.6 Profit and Loss Account
5.7 Cash Flow Analysis
5.7 Viability Analysis
6.0 Business Risk and mitigation factor
6.1 Business Risks
6.2 SWOT Analysis
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I am a market researcher and a serial enterprenuer. I own the following companies http://foramfera.com (http://foramfera.com/) and Education websites in Nigeria (http://six33four.ng/)
