How to set up a lucrative block industry in Nigeria

The block industry business involves the production and supply of concrete blocks, which are widely used in the construction of residential and commercial buildings, as well as infrastructure projects such as roads, bridges, and dams. With a growing population and increasing urbanization, the demand for affordable housing and infrastructure development is expected to drive the growth of the block industry business in Nigeria and Africa.

According to the National Bureau of Statistics, the Nigerian construction industry grew by 1.74% in the fourth quarter of 2020, indicating a steady increase in demand for building materials such as blocks. Additionally, the Africa construction market is projected to grow at a CAGR of 6.50% during the forecast period (2021-2026), according to Mordor Intelligence.

You can start a block industry by renting, leasing, or purchasing land in a new or developing site. It can be a plot or more depending on what you can afford. This land should not be in a swampy or waterlogged area because it can affect the quality of your block. Aside from that, it can make driving in that condition very difficult for suppliers and customers.

Here are some of the common types of Block Industry Businesses in Nigeria and Africa:Concrete Block Manufacturing Business, Interlocking Paving Stones Manufacturing Business, Bricks Manufacturing Business, Decorative Concrete Block Manufacturing Business, Hollow Block Manufacturing Business, Precast Concrete Products, Foam Concrete Block Manufacturing Business, Aerated Concrete Block Manufacturing Business, Lightweight Concrete Block Manufacturing Business, Solid Concrete Block Manufacturing Business. Each type of Block Industry Business requires different production methods, equipment, and raw materials, and entrepreneurs can choose the type of business that suits their interests, resources, and target market.

In this business, labourers are usually paid daily based on the number of blocks or the types of block they make.

There’s a certain number of blocks that can be made from a bag of cement; about 35 – 40 (9 inches), 50 – 55 (6 inches), and 60 – 65 (4 inches) blocks. They are sold at different prices.

Starting on a small scale: A local manual moulder cost about N15,000 to N12,000 naira while the vibrating machine goes for about N150,000 to N200,000. You also need to buy a lister generator and other equipment. Depending on your scale, you can buy 1 or 2 moulders for a start. A well-established block industry can produce over 10,000 blocks per day, providing a significant return on investment. With the right equipment, skilled labor, and proper marketing strategy, the block industry business can thrive in Nigeria and Africa.

Given the current rate of inflation, with an investment of N2,000,000 or even less, you can set up a manual block industry, using a manually operated machine.

There is a potential for export opportunities for block industry businesses in Nigeria, given the high demand for building materials in neighboring countries such as Chad, Niger, and Cameroon. With proper branding and marketing strategies, block industry businesses in Nigeria can tap into these markets to increase their revenue and expand their operations.

The block industry business in Nigeria and Africa has significant potential for investment and growth, and with the right knowledge, resources, and strategies, entrepreneurs can establish successful ventures that contribute to the development of the construction industry and the economy at large.

Get our information, this guide reveals key insights on profitability in setting up your own lucrative block industry, you will learn the step-by-step guide to starting your block industry business, and tips on how to succeed. Also, you will learn the best way to market and profit from the block industry business. Most especially, you will learn the exact costs of the materials and equipment you need for your block industry business. The body of this work is formed from consulting experienced and relevant people running the block industry business to get first-hand information about the success secrets and marketing strategies deployed to achieve business success

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