Transportation And Warehousing

FERRY SERVICE BUSINESS OPPORTUNITIES IN LAGOS AND OTHER RIVERINE STATES IN NIGERIA.

Lagos, the state of aquatic splendor as it is commonly known presents a lot of investment opportunity for savvy investor that wants to take advantage of the various water bodies scattered around the state.

The government of Lagos state in order to consolidate in the gains already recorded with the launch and operations of the BRT bus service system introduced the Metro Ferry Marine Services Ltd with the mandate to boost transportation to and fro various locations in Lagos Island and other riverine parts of the state.

As a part of measures to popularize ferry transportation in Lagos, the service introduced free rides at the inception in 2009 and today the demand for the services is growing.

Some of the operational route of the service includes Ikorodu, CMS, Lekki, Falomo, Ijegun, Ebute Ero, Apapa, Victoria Island, Majidun etc. Other states where ferry services opportunities exist includes Cross River, Bayelsa, Rivers, Akwa- Ibom, Delta etc.

The operations of ferry service business also creates and deepens the market for the following products and services life jackets, ferries/boats, car parking and washing business, supply of petroleum products and printing of flyers and tickets.

To commence operates of a ferry service in Nigeria, an investor would be required to acquire state/federal government license, have the financial and technical competence to manage the business. Interested investors can also partner with Metro Ferry Marine Services Ltd under a public – private sector partnership to develop ferry services in the state.

{This article was written to promote the idea of public – private sector partnership. Investors who require further details should contact the relevant agency.}

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365 Campaigner is a complete suite of social collaboration, communication and management tools for your team.

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Should you require a feasibility study on the subject matter, please do contact us through any of the means below.

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}

Mobile Number: +234 {0} 8033782777 ;+ 234 (0) 908 335 7733 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

FREIGHT FORWARDING BUSINESS IN NIGERIA.

Freight forwarding has been one of the most successful sectors of the global logistics industry over the past decade. Substantial growth has been achieved due to the trend of globalization which has led manufacturing to locate to remote markets around the world {developing markets like Nigeria}. The development of economies such as the Chinese, Indian, Russian, Middle East and Latin America has created the demand for international forwarding services in Nigeria.

Freight forwarding is a service used by companies that deal in international or multi-national import and export. While the freight forwarder doesn’t actually move the freight itself, it acts as an intermediary between the client and various transportation services. Sending products from one international destination to another can involve a multitude of carriers, requirements and legalities. A freight forwarding service handles the considerable logistics of this task for the client, relieving what would otherwise be a formidable burden.

Air cargo volume in 2011 is expected to increase by 12.1% growth to 237,300 tonnes from 15.3% to 211,700 tonnes. Nigeria’s main bulk port at Lagos (Apapa) will see tonnage up by 6.3% to reach a total of 18.195mn tonnes. At the country’s second largest facility, the Port of Tin Can Island, growth in 2011 is predicted at 10.8% to 9.018mn tonnes.

The market for freight forwarding services in Nigeria is national. With a population of over 140 million people, an estimated national population growth rate of 5.7% per annum and an average economic growth rate of 3.5% in the past five {5}years, Nigeria has a large ,expanding and sustainable market for freight forwarding business.

Nigeria has one the fastest growing economies on the African continent. Nigeria’s major exports are crude oil, rubber, cocoa, sesame seed, solid minerals, cotton, hides and skin etc. The nations export has witnessed a steady growth in the five years. The fact that about 80 per cent of goods used in the country are imported confirms the size of freight forwarding business in Nigeria.

Nigeria has remained a strong member of various international organizations such as the Economic Community of West Africa States {ECOWAS} which allows for the free movement of people, goods and services amongst member countries hence deepening the freight forwarding business in Nigeria.

Prospective clients includes multi-national, manufacturing companies, exporters and importers amongst others.

Do you seek opportunities in freight forwarding business in Nigeria or you want to start the business , please do contact us for the conduct and preparation of detailed feasibility reports and business plans

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365 Campaigner is a complete suite of social collaboration, communication and management tools for your team.

From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities. Tightly integrated.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals. Visit www.365campaigner.com for more information.
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At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

Do you require one- on- one consultancy on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}

Mobile Number: +234 {0} 8033782777; + 234 (0) 908 335 7733 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

CABOTAGE LAW AND IT’S BENEFIT TO THE ECONOMY IN NIGERIA

The Coastal and inland shipping ACT otherwise known as the Cabotage ACT was enacted in 2003 in order to restrict the use of Foreign Vessels in domestic coastal trade to promote the development of Indigenous tonnage and to establish a cabotage vessel financing fund and for related matters.

The ACT is stratified into nine parts and dealing with different aspects of the ACT namely

Part 1 Short Title And Interpretation, Part II Restriction of Vessels In Domestic Coastal Trade ,Part III Waivers ,Part IV Licence To Foreign Vessel ,Part V Registration, Part VI Enforcement ,Part VII Offences ,Part VIII Cabotage Vessels Financing Fund ,Part IX Miscellaneous.

Nigeria aspires to be amongst the top 20 largest economies by the year 2020 according to the economic policy of Vision 2020 and successful implementation of the Cabotage Laws in Nigeria is critical to the success or otherwise of the plan because of the important role shipping plays in not just the movement of goods and services around the country and the revenues collected as tax from companies in the sector.

The ACT would also catalyze the growth and development of the transportation sector due to the over dependence of the nation on road transportation and the consequent damage of the roads since the collapse of the railway system in Nigeria. The growths are expected when the dredging activities currently going on in the nation’s inland waterways are concluded.

Other benefit of the ACT also includes creation of employment opportunities, development of inland waterway depot and technology transfer in the areas of repair and building of vessels in the country.

Do you seek shipping and maritime opportunities in Nigeria ,want to the full cabotage ACT or you just want to know more about the subject matter as it affects Nigeria, Please do visit our sister website www.nigeriabusinessplace.com, register and click on the maritime board and start you rewarding contributions.

Should you require a market research report, please do contact us.

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365 Campaigner is a complete suite of social collaboration, communication and management tools for your team.

From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities. Tightly integrated.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals. Visit www.365campaigner.com for more information.
————————————————————————————————————————————————————–
At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

Do you require one- on- one consultancy on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777; + 234 (0) 908 335 7733 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com
CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suite 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.

OPERATING A CRANE AND FORKLIFT SERVICE IN NIGERIA.

Though truck haulage is a viable business in Nigeria since virtually all movement and transportation of heavy goods and equipment has to be done with it due to the collapse of railway transportation in Nigeria years back but because of the non-specialized nature and relatively small start-up capital required to commerce the business, makes it easy for new entrance into the business and the competition for available services in the industry. This factor has seriously affected profit realizable from the business over the years. Succeeding in the haulage business in Nigeria requires that the entrepreneur identifies and creates a niche market / service in the industry.

The operation of crane and forklift rental and leasing services is one of such niche market in the haulage industry. Cranes are used in the lifting and transportation of heavy duty equipment like generators, PHCN transformers and poles and containers over long distances while forklifts are used in the lifting and transportation of goods over short distances.

These machines come in different design, capacity and function. For the crane, there is the twenty {20} tones cranes, that is, cranes that can carry twenty {20} tones of load and below. There is also the self loader and as the name implies, this is a crane that can load itself. The low bed crane is used in the transportation of earth moving equipments like excavators and graders.

Cranes and forklift rental and leasing services are required in different sectors of the economy which includes telecommunication, power, maritime, manufacturing and construction.

Although transportation and haulage business is as old as mankind, crane and forklift rental and leasing business seems not to be pronounced because of the unique nature of the kind of services provided.

The business has a National market but most concentrated around the commercial centers like Lagos, Abuja, Port Harcourt, Ibadan,Kaduna ,Aba ,Kano to mention a few. With the average economic growth rate put at 3.5% per annum in the past five {5} years, Nigeria surely has an expanding and sustainable market for crane and forklift rental and leasing services.

Crane and forklift services could be complemented adding excavators and graders to services the entrepreneur offers. Excavators are highly utilized in the construction and mining industry. With the exception of the quarry industry, mining in Nigeria is still done at the artisan level with crude implements like diggers and shovels and at such output is low. In order to move forward and increase the output of the mines, a lot of mine owner now demand for the services of excavator leasing companies.

There is no doubt about the market for crane and forklift services in Nigeria but the entrepreneur would have to conduct a market survey to identify potential customers ,market size and marketing strategies.

Should you require a market research report on the above subject matter, please do contact us.

————————————————————————————————————————————————————
365 Campaigner is a complete suite of social collaboration, communication and management tools for your team.

From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities. Tightly integrated.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals. Visit www.365campaigner.com for more information.
————————————————————————————————————————————————————–
At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

Do you require one- on- one consultancy on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}

Mobile Number: +234 {0} 8033782777 ; + 234 (0) 908 335 7733 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

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