Description

Since the collapse of the rail system in Nigeria, inter-city transport has assumed a wider dimension and has become the most utilized way of intercity movement of people, goods and services.

The market for inter-city transport services in Nigeria is national .With a population of over one hundred and sixty five million (165,000,000) people and an estimated national population growth rate of 5.7% per annum , average economic growth rate of 3.5% per annum in the past five (5) years ,Nigeria is a large ,expanding and sustainable market for inter-city transport.

This report seeks to examine the financial viability or otherwise of providing inter-city transport services on the Lagos – Onitsha and Onitsha – Lagos routes in Nigeria. The proposed business would be start with ten {10} brand new 15-seater Toyota Hiace bus. The company hopes to grow the business into global and visible brand in the inter-city transport business in Nigeria.

Revenue will be generated from the tickets for the passenger buses. The project is justified because it is one of the most lucrative businesses in the country. The business will progress as the population of the city is increasing. It is everlasting one as more buses would be bought as profit is coming in.