Feasibility Report On The Export Of Sawdust Briquette In Nigeria

One major achievement of the present civilian administration in the past twelve (12) years has been the revival and growth of the non-oil export market in Nigeria.

Non-oil export has recorded a tremendous increase of one hundred and twelve point four percent (112.4%) in nine years spanning 2001 to 2010 with annual average growth figure of ten point thirty-four percent (10.34 %).

Hardwood charcoal is one of the key export commodities in Nigeria. Though a viable business but the rate at which new entrant are coming into the business is increasing depleting the rate of return on investment in the sector hence the need to diversify to a product with less competition and good rate of return on investment.

Sawdust briquette is compressed sawdust and just like hardwood charcoal is used as fuel. It has a greater advantage over charcoal and firewood because it is smokeless and combusts for longer hours. The export market for sawdust is also large, sustainable and expanding.

During the era of late Gen. Sanni Abacha, sawdust ranked amongst the leading cooking fuel in Nigeria, due to the scarcity of kerosene. Sawdust, the chief raw material in the production of sawdust briquette, is produced as waste product in the processing and production of woods.

The market for sawdust briquette is both local and international though the international market is more developed than the local market.

The growing world population continues to fuel the demand for cooking fuel around the world and due to increasing awareness on global warming and its effects on the ecosystem, sawdust briquette is cheaper, faster and better than the regular firewood, natural gas, charcoal and kerosene. Opportunities exist in the production, sales and export of the product.

The exportable nature of this product makes it a goldmine for investors who wish to go into the export of the product or for existing exporters of charcoal to make greater profit as the demand is hot abroad.

The return on investment in the export of sawdust briquette is estimated between ten to fifteen percent (10%-15%).

Table of Contents

Table of Contents 1. Introduction 1.1 Executive Summary 1.2 Business Opportunity 1.3 Country Background 2. Technical Analysis 2.1 The Project 2.2 Product Description 2.3 Product Location and Distribution 2.4 Legal Considerations 2.4.1 Pre-Export Documentations in Nigeria 2.4.2 Post-Export Documentations (Exchange Control Documents) 3. Opportunity 3.1 Market Overview 3.2 Demand and Supply 3.3 Customer Profile 3.4 Primary Competition 3.5 Competitive Advantage 4. Managing Contract Negotiations and Export Operations 5. Socio- Economic and SWOT Analysis of the Project 5.1.1 Generation of Employment 5.1.2 Source of Government Revenue 5.1.3 Foreign Exchange Generation 5.1.4 Technological Transfer 5.1.5 Increase in Gross Domestic Product (GDP) 5.2 SWOT Analysis 6. Risk Identification and Mitigation Strategy 6.2 Critical Success Factor 7. Financial Analysis

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