Description

Nigeria with her current population estimated at over one hundred and sixty five million {165,000,000} growing at a rate of 3.5% per annum has a short fall in the supply of housing units that has been estimated to be between 16 – 17 million.

With an economic growth rate of 5.7% per annum in the past five {5}years ,Nigeria has witnessed a growth in the number of middle class families with the associated need to have a home of their own ,thereby further deepening the real estate market in Nigeria.

It is on record that over 60% of the entire population of the country lives on rented accommodation. This indicates another latent market in the real estate industry in Nigeria.

The increasing need to build new residential houses, factories and offices to accommodate Nigeria’s large population has made cement block molding a very lucrative business in the country.

This report seeks to confirm the financial viability or otherwise of establishing a concrete block production plant in Nigeria capable of producing various sizes of 6 inch and 9 inch blocks.

The QTY4-30Type Hydraulic ground mould is a mobile brick machine and is expected to operate for 8 hours in a day and 300 days per annum. The plant is expected to produce 960 pieces of 9 inch blocks in a day {working for 4 hours} and 1,600 pieces of 6 inch blocks in a day {working for 4 hours}.

The raw materials required for production would be locally sourced and they include crushed stone, sand, water, cement and though other materials like dust, coal fly ash and other industrial wastes can be used.

Concrete blocks popularly called ‘blocks’ are used for construction of buildings, and there are different sizes of blocks; 9 inches, 6 inches, 5 inches and 4 inches. They either come in hollow or solid.

There are two types of blocks, we have the machine vibrated blocks and the hand mould blocks.

The machine vibrated blocks are made with a vibrating machine mould, while the hand moulds are the ones done manually without machines. Machine vibrated blocks are stronger than the hand mould blocks, so they are more in demand than the hand moulds.

The price of block varies, it is determined by their strength and the location of the factory. Block with more strength will be more expensive than the ordinary blocks, such blocks are called special blocks.