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Feasibility Study Of Establishing Fuel Filling Station In Nigeria

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Feasibility Study Of Establishing Fuel Filling Station In Nigeria

30,000.00

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.

Product Description

Nigeria being an oil producing nation however still relies on imported petroleum products for the servicing of the economy. Such petroleum products as Petrol (PMS), Diesel (AGO) and kerosene (DPK) are products utilized by almost everybody on daily basis at an average of 60 million litres daily usage. Due to increasing level of standard of living, more Nigerians are increasing the number of cars on the road, the need for constant power supply to aid uninterrupted production of goods and services and also for domestic use more Nigerians are increasing the demand for fuel in order to enjoy the usage of their generating sets and industrial plants

This report highlights the step-by-step procedure required for the setting up of a retail filling station. The increasing need for reports like these is conquest upon the increasing demand for petroleum products across Nigeria and the world over.

According to a world bank report in 2010″over 50 percent of the world’s population directly or indirectly depends on hydrocarbon and petroleum products for survival.

With a population of over one hundred and sixty five million { 165,000,000} people ,growing at the average rate of 2.7% per annum and an economic growth rate of about 5.7 % in the past five years, the market for refined petroleum products in Nigeria, established ,growing and sustainable.

The nations demand for refined petroleum products currently stands at an estimated sixty million {60,000,000} liters for Premium Motor Spirit {PMS}, Dual Purpose Kerosene {DPK} and Automated Gas Oil {AGO} per day.

Refined petroleum product filling station business is a very lucrative business with over 100% Return on Investment {RoI} in two {2} years.

A Wikipedia Encyclopedia (2007) report reveals that “there over a million petroleum filling stations in the world with over five thousand (5, 000) located in Nigeria”. This shows the volume of trade that will be taking place in the industry daily.

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 Value Proposition
1.5 Critical Success Factor of the Business
1.6 Current Status of Business
1.7 Description of the Business Industry
1.8 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
5.8 Viability Analysis

6.0 Business Risk and mitigation factor

6.1 Business Risks
6.2 SWOT Analysis

Report Details

Report Type: Feasibility Report
Formats of Delivery: MS WORD
No. of Pages: 35 Pages
Report Code: FORA/2016/ESTABLISHINGAPETROLSTATIONINNIGERIA/54567
Publisher: Foraminifera Market Research
Release Date: 25/06/2016; We update our reports quarterly.
Language: English
Delivery time: 24– 48hours

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To order the report, Please do pay the sum of N 30,000 into

United Bank for Africa (UBA) Plc
Account Name: Foraminifera Market Research Limited
Account Number: 101 76 603 95

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Account Name: Foraminifera Market Research Limited
Account Number: 274 20 569 37

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