PROPOSAL FOR LPG FILLING PLANT
Undoubtedly a vast investment potential exists in the domestic gas filling sub-sector of the Oil & Gas industry. A large proportion of the middle and upper socio-economic class of people depend on a 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 go 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 the present emphasis of the government on the development on the gas sector, the supply situation will improve tremendously and more households will definitely change to LPG.
From the LPG fillers view point, the margin between the cost of Gas and Filling price is favourable to the investor. A financial analysis of the project indicates that the payback period for the initial capital outlay is less than 3years. A decision to invest in the sector is therefore timely and financially wise.
904 total views, 1 today
Find a new Project
Kickstart your idea today
The first step to getting started on PitchOffice is to register as a member. You can either join PitchOffice as an investor or entrepreneur. Once you join PitchOffice you will have the opportunity to submit or find a project on our platform.Submit a Project Consult a Lawyer