Engine oil business plan in nigeria

From: Darral S.
Category: start quote
Added: 17.04.2021
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Do you want to start a profitable lubricant manufacturing business? Find here a sample engine oil production business plan with other allied products. Basically, engine oil and grease are the most important items in the automobile industry. Actually, these items come under the petrochemical segment. According to the use, there are two different types of lube you can find in the market. These are the lubricant for automobile use and another is for industrial use.
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Engine Oil companies in Nigeria

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Engine Oil companies in Nigeria

He says in the last five years, he has made money selling lubricants to Keke Marwa tricycle operators, commercial motorcycle owners and operators, private motorists and other users around the area. His words: "I started the business with about N10, in , but today, on a good day, after deducting my expenses, I could make about N3, or more". Adebisi disclosed that a 35cl coke bottle of engine oil is sold to customers for N, while some bigger bottles are sold from about N upwards. The obviously elated Adebisi, married with three children, is not alone in the seemingly booming roadside engine oil business in the State of Aquatic Spelendor. Oduduwa findings around parts of Lagos showed that the likes of Adebisi, dot everywhere, selling their products to customers by the roadsides, bus-stops and garages.
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Find the right oil

Engine oil business has been found by a lot of Nigerian as a lucrative and profitable one; yet, so many people still remain in the dark in the course of looking out for the best and most profitable entrepreneurial businesses in the country. Engine oil is sold at filling stations in kegs, gallons and through funnels while some individuals also sell the same product the same way. The people that deal in engine oil business are silent money makers and such people will never shout it loud that they are earning big from the business.
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In this article, we will look at the most lucrative businesses in Nigeria that anyone can start with small capital or big capital. These lucrative business ideas are very profitable. They have the capacity to make anyone successful if well handled. A lot of them are not well explored in Nigeria.
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Joosh D. 27.04.2021
She is detail oriented and researched quite a bit to understand my field of work.