N, With this rough estimation, you have been able to understand what profit possibility that is opened to you if you decides to setup your own haulage company in Nigeria.
You should take your time to digest this article.
Africans who do not own vehicles are finding it more and more difficult to move around town these days. Every day, more than million Africans depend on commercial transportation to get them to their places of work, school or business.
In the absence of reliable public transportation systems to serve these people, several opportunities have become available to smart entrepreneurs who want to exploit this huge and lucrative demand. This article explores these business opportunities and provides useful tips you could use to your advantage in the mass transport business in Africa!
How huge is the demand for human transport services in Africa? In a previous article, we looked at the lucrative opportunities in trucking and haulage of goods in Africa. The factors responsible for the huge volumes of goods being transported across Africa are also responsible for the bursting demand to move people around human transport.
In the s, the population of Africans living in cities was less than million. The proportion of Africans who now live in cities is higher than India 30 percent and roughly equal to China 45 percent.
At the current rate at which Africans are flocking to the cities, more than million more of us will become city dwellers within the next 20 years.
At the moment, more than 50 African cities have a human population over one million.
What does a higher city population mean, you ask? People come to the city for a reason — to find work, go to school, or start a small or big business. As a result, there is a lot more movement in cities and towns than in the rural areas. City people wake up in the morning and go to a job they already have, or move around town searching for one.
Many other city people are either self-employed or own a small or medium-scale businesses. The ones who do not belong to either of these groups have to get to school. Like food and water, we cannot do without it!
Because millions of people and their goods NEED to move around every day in Africa, there exists a huge demand for transportation services. Given the inadequate and poorly maintained road networks on the continent, it would be hell if everyone had their own car!
Where it exists, the public transportation systems in many countries on the continent are inadequate, unreliable and poorly maintained.
To address this shortfall, many countries license and allow private bus companies, taxi operators and ferry services to help meet the huge demand. This has opened some interesting opportunities for African entrepreneurs to make good money while providing transport services that help to move people around.
We shall look at these opportunities in greater detail below. Most of them require little capital to startup and will work for both aspiring and established entrepreneurs. In fact, it is estimated that motorcycles make up more than 40 percent of all vehicles you can find around including cars, buses, trucks etc.In Nigeria, haulage business and even logistics is a billion dollar business with an insatiable market.
This is because transporting goods across long distances has become a necessity and an important industry. How to start fuel haulage business in Nigeria Filed in Business Idea, Business in Nigeria, Business Plan, Business Research by Ekemini Ekpo on August 21, • 2 Comments Haulage business: Welcome Friend!
How Do I Start A Transport Or Logistics Business? An all in one guide to starting a transport and logistics business.
Published. Forecasts indicate that the demand for freight transport will grow in South Africa by between % and % over the 15 to 20 years.
Submit a business plan to the Authority including the location and activities;. Well, haulage is one of the best business you can do in Nigeria despite the hardship involved.
Transportation of goods from one location to the other has been a major challenge in Nigeria due to the very poor state of the Railway system in the country. Hello Nairalanders!!!! I know someone has posted information regarding this topic but I wanted to get a clear message by starting a topic dedicated to Transport and .
Starting a Trucking Company – Sample Business Plan Template The haulage and logistics business is one of the most lucrative businesses. But most people shy away from this business because of its risky and capital intensive nature.