Inter-State Transport Business In Nigeria; The Feasibility Report

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.

Table of Contents

EXECUTIVE SUMMARY 1.0 Business Overview 1.1 Description of the Business 1.2 Vision and Mission Statement 1.3 Business Objective 1.4 Value Proposition 1.5 Critical Success Factor of the Business 1.6 Current Status of Business 1.7 Description of the Business Industry 1.8 Contribution to Local and National Economy 2. Marketing Plan 2.1 Description of product 2.2 Product Packaging and delivery 2.3 The Opportunity 2.4 Pricing Strategy 2.5 Target Market 2.6 Distribution and Delivery Strategy 2.7 Promotional Strategy 2.8 Competition 3. Production Plan 3.1 Description of the Location 3.2 Raw Materials 3.3 Production Equipment 3.4 Production Process 3.5 Production Cost 3.6 Stock Control Process 3.7 Pre-Operating activities and expenses 3.7.1 Operating Activities and Expenses 3.8 Milestones 4.0 Organizational and Management Plan 4.1 Ownership of the business 4.2 Profile of the promoters 4.3 Key Management Staff 4.3.2 Management Support Units 4.4 Details of salary schedule 5. Financial Plan 5.1 Financial Assumption 5.2 Start up Capital Estimation 5.3 Source of Capital 5.4 Security of Loan 5.5 Loan Repayment Plan 6.0 Business Risk and mitigation factor 6.1 Business Risks 6.2 SWOT Analysis

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