Metal Scrap Trading In Nigeria; The Feasibility Report.

Proper management of solid waste is critical to the health and well-being of urban residents. In Lagos metropolis, like most cities in the developing world, several tons of municipal solid waste is left uncollected on the streets each day, clogging drains, creating feeding ground for pests that spread disease and creating a myriad of related health and infrastructural problems.

A substantial part of the urban residents in the city and suburban informal settlements of Lagos metropolis also have little or no access to solid waste collection services. This is due to lack of proper land use planning which resulted in the creation of informal settlements with narrow streets that make it difficult for collection trucks to reach many areas.

The result is that a large portion of the population is left without access to solid waste management making them particularly vulnerable.

Presently, the rate of waste generation in Lagos (with estimated population over 10 million in 2012) is nine thousand (9, 000) tonnes/day (source- Lagos State Waste Management Authority – LAWMA) while in Kano State, the rate is three thousand, eight hundred and forty nine (3, 849) tonnes/day (source- Bayero University Kano Consultancy Unit).

Generally, the average rate of generation is estimated as 0.5kg/capital/day. Some of the waste generated includes paper, glass, metal scrap, waste tyres and plastic and with the use of technology, these products can be transformed into useful products again.

Metal scrap trading entails the buying and selling of metal scraps to its users. The report highlights the rudiments of the business giving an overview of the business, technical requirement, legal requirement, socio-economic importance, risk and mitigation strategies as well as the financial analysis.

The nation’s national steel consumption rate which is presently estimated at two million (2,000,000) metric tons annually is been meet through the recycling of metal scraps due to the fact that our mining sector in comatose thereby making demand exceed supply.

At Foraminifera Market Research we seek to expose this investment opportunity so that willing and capable investors can take advantage of it.

Metal scrap trading in Nigeria is very lucrative in the sense that the demand for the product outweighs the supply.

In Nigeria, the demand for metal scraps can be traced to the very increasing growth of building construction where they are used as steel bars.

Approximately, about seventy percent (70%) of recycled metal product in Nigeria end up been used in the construction industry.

The business has been analyzed to be a huge source of income for traders due to its increasing demand by metal recycling companies.

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 3. Opportunity 3.1 Market Overview 3.2 Demand and Supply 3.3 Customer Profile 3.4 Primary Competition 4. Socio- Economic and SWOT Analysis of the Project 4.1.1 Generation of Employment 4.1.2 Source of Government Revenue 4.1.3 Foreign Exchange Generation 4.2 SWOT Analysis 5. Risk Identification and Mitigation Strategy 5.2 Critical Success Factor 6. Financial Analysis

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