Most Complete Transportation Business Plan In Nigeria Pdf
Published On:December 3, 2021
Transpportation-Business-Plan-in-Nigeria-Pdf

This is the most complete Transportation Business Plan In Nigeria pdf Guide to read.

Did you know that the transportation industry is one of the fastest-growing industries in Nigeria?

This Transportation business plan in Nigeria pdf entails all you’ll need to successfully plan, start and run a profitable transportation business in Nigeria and also scale it to the next level when the time comes, but before this, you need ground knowledge about the transportation business in Nigeria so as to get a good base foundation of your business and this is the first step in starting this business.

Transportation Business In Nigeria Overview

The movement has always been a part of basic human character which is also an undeniable fact all over the world. Nigeria’s population is currently more than 180 million people, this is a huge business advantage for anyone starting a transportation business in Nigeria. This is just the count of people not to mention the business activities which happens every day and also will involve the movement of goods from one location to another.

Nigeria’s make use of transportation instruments like, Bus, Rail, Bikes, Airplane, Boat, to move around. And this is the reason why the transportation business is one of the best and profitable business to start in Nigeria, and here’s why:

  • Profit margins are high
  • Market Demands are incredibly high in Nigeria
  • Low running cost
  • Two way earning potential
  1. Motor cycling (Okada): This transport model make use of motor cycle to carry passengers within a town, city and villages. Motor bike, are popularly known as okada in Nigeria. It can carry one or two passengers at a time, though it is discouraged in some state in Nigeria as a means of transportation due to high rate of accidents that occurrs but still some state still use it to manipulate through lots of traffic.
  2. . Tri-cycling (keke napep): This is a breed of both Moto cycle and cars this type of transportation is officially meant to carry three passengers, some drivers carry four passengers, while some stubborn ones in some states can carry five passengers. Keke napep is the future of Moto cycle and it is likely to be used as a means of transportation in the foreseeable future.
  3.  Commercial luxury bus and mini-bus : This model of transportation is capable of moving people and goods both towns and inter-city services. Most people who commute to work or others travelling outside the state use this means.
  4. Car town service (taxi): This is also used to convey people and goods within and out of the state. It is a more secure means of transport than the unregistered and unpainted kabu-kabu cars because each owner registers the car with the state government agency and other transportation Unions which regulate transportation practices.
  5. Haulage transport service: This model of transportation invouls the use of different types of automobile to carry goods for a charge. The types of vehicles used in haulage transport service include, tanker, trailer, tipper, etc. They are mostly used to convey different kinds of bulky goods within a country.
  6. Offer hire purchase services: This a different type of transportation business in Nigeria. The strategy basically involves you purchaing a taxi, Bus or even a bike and then hiring it out to driver, who in turn drives the car for a specific period of time before he buys it off you at a higher amount of money that you initially purchased it. The payment for hirer purchase is done installmentally for an agreed price. For example, you buy  ten tri-cycle at ₦600,000 each and hire each one out at ₦800,000 each with ten months instalment of ₦80,000 each month, after which the hirer becomes the owner. So with the instalment payment of₦80,000 per month, the total amount payable at the end of the 10 month is ₦800,000. Assuming the entrepreneur received all the instalments, he makes ₦200,000 from each of the tri-cycle which then amounts to 2M naira in ten months.

Transportation Business Plan In Nigeria Pdf Outline

1. Executive Summary
2. Description of Problem and Solution
   2.2 Vision
   2.3 Mission
   2.4 Value Proposition
   2.5 Business Objectives
   2.6 Critical Success Factor
   2.7 Current Status of Business
   2.8 Legal Requirement
   2.9 Contribution to Local and National Economy
   2.10 Contribution to SDG

3. SWOT Analysis

4. Market Analysis

5. Competitive Analysis & Risk Analysis

6.  Marketing Plan
 6.1  Description of Product (S) or Service (S)
 6.2 Potential challenges in the business industry
 6.3The Opportunity
 6.4Target Market
 6.5Marketing and Sale Strategy

7 .Production Plan/Operational Plan
 7.1 Description of the Location/Factory
 7.2 Equipment/Capital Expenses
 7.3 Equipment/Depreciation Table
 7.4 Pricing strategy
 7.5 Stock Control Process
 7.6 Pre-operating Activities and Expenses

8. Organization Structure and Responsibilities
 8.1 Salary Schedule

9. Financial Plan
 9.1 Start-Up Capital Estimation (Expansion Capital Estimation)
 9.2 Loan Details
 9.3 Business Risk and Mitigating Factor
 9.4 Financial Projections
 9.5 Sales Forecast And Sales Assumption
 9.6 Income Statement (P&L) Account
10. Conclusion

If you want to create a Transportation business plan in Nigeria then all these listed above should be well detailed in your transportation business plan in Nigeria document.

As well. you don’t have to go through the stress of creating a Transportation business plan in Nigeria, We have done the research for you,  just reach out to us to get a well comprehensive transportation business plan in Nigeria that is very accurate with a clear Finacial Forecast that will help you understand the profit margin of the transportation business in Nigeria

Transportation Business Plan In Nigeria Pdf Sample Breakdown

Executive Summary

In this section, you will give a summary of everything written in your transportation business plan in Nigeria because some investors or banks do not want to go through the whole document rather they want a summary of the business, Projected revenue and Profit/loss.

Description Of Problem And Solution

Here You basically Share the problem your transportation business in Nigeria is trying to solve and how you intend to solve it.

Description Of Problem And Solution

Here You basically Share the problem your transportation business in Nigeria is trying to solve and how you intend to solve it.

Transportation Business Plan In Nigeria Pdf SWOT Analysis

In this section of your transportation business plan in Nigeria doc, you share the strength, Weaknesses, Opportunities, Threat your business will likely face when you start. This section is very important in your transportation business plan In Nigeria, investors want to understand this before giving you a dime.

Market Analysis

This is where you talk about the size of your market and how many percentage share you intend to capture

Competitive Analysis & Risk Analysis

In this section, you basically do a breakdown of your competitors, their pricing strategy and how long they have been existing. This can come in a table format in your transportation business plan in Nigeria pdf document.

Marketing Plan

Any serious businessman/woman should have a marketing plan or strategy in place to start and grow their business. For your transportation business plan in Nigeria to be comprehensive enough then it must contain a marketing plan. Usually, investors and banks check for this in your business plan in Nigeria as well.

Production Plan/Operational Plan

Depending on which type of business you intend to start, A breakdown of the equipment that is necessary for the running and operating of business should be contained in this section of your transportation business plan document. Your transportation business plan is incomplete if you don’t cover this.

Organization Structure And Responsibilities

A breakdown of your employee hierarchy and structure with their various responsibility should be listed in this part of your business plan document.

Most investors want to understand the team of your business as they do believe that one of the critical factors for the running of a successful business more especially in a country like Nigeria is the team.

So do make sure you cover this in your transportation business plan in Nigeria.

Financial Plan

This is the most important section of your transportation business plan in Nigeria, 90% of investors purpose of investing in your business is to make a profit and the earlier you realize this the better for you. This section of the document can be very complicated and can be the hardest

This section is basically where you give your revenue projections for the business as well as the profit and loss you think the business will incur usually in the first 3 years of running the business.

Conclusion

We have done countless research and found out that the transportation business is one of the best and lucrative businesses to start in Nigeria. It is very profitable and also has a very long life span. It is no doubt that people and goods will have to move from one location to another, and this will require the service of a transport company for conveying. This is a very big industry which has lots of business models and good profit potential and In order to start your own transportation business in Nigeria, the first thing you’ll need is a business plan so as to evaluate your capital, Location and business structure.

Writing a business plan is very important and I encourage you not to listen to anyone who says a business plan is not important because with a business plan you will be able to understand your industry as well as know if the business is profitable or not.

You don’t need to stress yourself when it comes to working on your transportation business plan in Nigeria as we at NaijaCEO can handle this for you.

We are one of the leading business development and business plan writing agency in Nigeria, You can click on the button below to contact us for any of your transportation in Nigeria business plan documents.

MICAH ERUMAKA aka NAIJACEO
Micah Erumaka

Micah Erumaka

About Micah Erumaka

Micah Erumaka is the Founder of LiaonCEM solutions which owns NaijaCEO. He is an Internet Entrepreneur and a content creator. After the failure of his first company at age 18 he started NaijaCEO to help entrepreneurs with the information they need in operating a successful business in Africa

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