Economical Strategies for Setting up a Quarry Plant in Nigeria
Setting up a quarry plant is like injection into the real (productive) sector of the economy. Nigeria is richly endowed with granite stone and other related solid minerals like Marble, Dolomite and Basalt, etc. It is found in Enugu, Ebonyi, Kogi, Plateau, Ogun, Oyo, Osun, and Ekiti, etc. Hence, granite is among the most available and affordable building material in Nigeria. Every year, numerous entrepreneurs embark on the journey to establish a quarry plant. However, frequent visits to the site are crucial during the first year of operation.
This article discusses the strategies on how to set up a quarry plant in Nigeria. It highlights the three basic steps involved in setting up a quarry and the revenue generation advantage of its products.
The three basic steps:
First, you must locate a site with ample deposit of rocks, such as granite or basalt. Depending on the location of the site, the rocks might be extracted by bulldozers, excavators, or manually, and then transferred to the crusher. Once the rocks are crushed, they are sent through various stages of process like cooling, sorting, cleansing, and bagging.
Secondly, you need to obtain necessary permits and licenses to operate a quarry from local authorities and regulatory bodies. Depending on the location of the quarry, you may need an Environmental Impact Assessment (EIA) report, business license, mining license, exploration license, and mineral sales license.
The third step is to obtain the machinery needed to operate a quarry. This can be purchased or leased depending on your financial capabilities. Some of the basic equipments needed include crushers, excavators, dumpers, pay loaders, generators, and Waybridge. These equipments can be sourced from numerous suppliers in Nigeria or international machinery brokers.
Revenue Generation Potential:
The demand for granite and other solid minerals in Nigeria is increasing day by day. The market is beyond what individual suppliers can handle. Investors can leverage on this demand by investing in a quarry project. With the availability of vast deposits of granite and other solid minerals in Nigeria and ample time for investment, entrepreneurs can set up a lucrative quarry business.
To engage with the market, entrepreneurs should follow the following strategies:
1. Offer quality products: The quality of granite aggregates produced is crucial in marketing. Choose the right machinery supplier to ensure optimum output and quality.
2. Strategic Advertising: The demand for granite products is driven by construction companies and individuals looking to build homes or infrastructure. Therefore, advertise your quarry business prominently to key players in the industry.
3. Collaborate with construction companies: Establish strong relationships with construction companies to ensure a steady demand for granite products.
4. Invest in proper infrastructure: Develop proper infrastructure such as road networks and warehouses for easy transportation and storage of your products.
5. Diversify your product range: In addition to granite aggregates, consider producing other granite products like granite slabs, tiles, and countertops. This will help to meet the diverse needs of your target market.
In conclusion, setting up a quarry in Nigeria is a viable business opportunity that will enable you to tap into the growing construction industry and generate substantial revenue. By following the strategies discussed above, entrepreneurs can successfully set up a quarry plant and thrive in this lucrative sector of the economy.
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