How To Invest In Interlocking Tiles Production From Plastic Wastes

Nigeria has an estimated population figure of 170 million people and is considered the largest market in the Black world. This country has natural and human resources to make her one of the first 10 great nations in the world.

But the problem has been how to optimally manage her resources for the benefit of everybody. For instance, if the oil resource is well utilised and and invested in relevant areas, problems of unemployment, hunger and wants will reduce to a very minimum level.

Utilisation of plastic wastes to produce premium and needed products is one of the ways to create employment and income opportunities for Nigerians, and also a way of cleaning our environment.

Interlocking tile is an important building and construction material used in  recent times. Now, interlocking tiles are used for compound flooring of modern houses. It’s also used for floors of modern bustops, kerbs and city work ways. In Nigeria, the demand for interlocking tiles is in the region of hundreds of millions annually.

The major material used to make interlocking tiles is the plastic moulds- which are in short supply and also in very high demand. Investors can cash on this opportunity to improve their economic well-beings and also produce jobs for lots of Nigerians.

Currently, the existing industries are enjoying good patronage and cannot meet the demand of their customers. Existing customers deposit money in advance for the supply of finished products.

The beauty of this project is the fact that plastic wastes are the major raw material, which can be procured at a very low price to produce premium products. The project is more or less like turning wastes to wealth. Other justifications of this investment are technical feasibility, economic viability and social vices reduction.

Technical information: The project entails procurement of plastic blow moulding machines, installation and test running, appointment of suppliers of plastic wastes (whole or crushed ones), installation of utility items such as generator and water supply system. Implementation procedures include feasibility study preparation, site procurement, plant and machinery sourcing including moulds, recruitment of appropriate personnel, sourcing of raw materials and project take-off. Serious minded investors will be guided accordingly.

FINANCIAL IMPLICATION

  1. Pre-investments: N500, 000
  2. Accommodation: N5, 000, 000
  3. Plant and machinery: N25,000, 000
  4. Utilities: N10,000, 000
  5. Take off working capital: N5, 000, 000

Total project cost: N45, 500, 000

PROFITABILITY ANALYSIS

  1. Annual turnover: N240, 000, 000
  2. Annual profit after tax: 30% of annual turnover
  3. %return on investment: 160%

This is no doubt a good investment opportunity for Nigerians.

Source: www.businessdayonline.com

 

Odira Onyenso
Odira Onyeso is a copywriter and curator on ekoconnect.net, and a writer of short romantic stories to boot. Her areas of interest include photography and fashion.

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