quarry business plan in nigeria

Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

• Post author: Ane
• Post published: April 14, 2020
• Post category: MINING / Business Tips / BUSINESS-PLAN-AND-FEASIBILITY-STUDY
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A lucrative Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining for Nigerians. That is, a profitable venture business plan for sand, gravel, clay, and rock quarry. This plan also covers how to buy a rock quarry and how to start a gravel hauling business. So, do you want to start a Mining Quarry Business for Sand, Gravel, or Clay in Nigeria? This is Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Do you need a Mining Quarry Business Plan for Sand, Gravel, and Clay with feasibility Analysis? Here it is. In fact, here are detailed Mining Quarry Business Plan for Sand Gravel Clay business proposal for start-ups.  So, if your question is, how do I start a mining quarry business in Nigeria? Here are the answers.

A profitable venture business plan for sand, gravel, clay, and rock quarry

Table of Contents

As a matter of fact, this is a Sample Mining Quarry Business Plan: Sand Gravel Clay suitable for Nigerian miners. It is a viability study designed for a Mining Quarry Business Plan: Sand Gravel Clay business in Nigeria. In fact, it covers how to start the mining quarry business in Nigeria. A Mining Quarry Business for Sand, Gravel, and Clay involves all mining processes to mine and process solid minerals for export, local dealers, and end users.

As a matter of fact, players in the sand, clay, and gravel mining industry are basically involved in mining and quarrying sand and gravel, along with clay, ceramic, and refractory minerals. Industry processes may include the beneficiation of these minerals. That is, adding value by washing, screening, and otherwise preparing the mined sand, gravel, and clay for marketing and other usages.

Who needs this business Plan? Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

In fact, the Mining Quarry Business is lucrative.  However, it requires some reasonable capital to start. It also requires approval from the regulating body, the Mining Cadastral Office that issues mining licenses and monitors mining activities.

The Sand and Gravel Mining industry processes sand and gravel used for construction aggregates. Other usages are for industrial applications such as road building, landscaping, snow and ice control, and petroleum extraction. In addition, the industry also undertakes the extraction and primary processing of clay and refractory products for use in downstream manufacturing applications. Read more from Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Aspiring Entrepreneurs:

Any aspiring entrepreneur who is considering starting a sand and gravel mining business whether on a small scale or in a large scale should ensure that he or she, obtains all the necessary permits from the relevant local, state, and federal government office. In fact, what we mean is that all involved in this process need this business plan.

In fact, this business plan is needed to articulate the cost of establishing a Mining Quarry Business.  So, the entire solid mineral industry comprising businesses that mine and manage the distribution systems needs this business plan. Therefore, companies involved in Mining Quarry Business marketing that buy directly from the miners or depots and sell to a distribution system need this plan template.

In fact, solid mineral brokers or agents that arrange for sand, clay, and gravel to be sold via distribution systems operated by other companies also, need this business plan.

Strategic Planning: Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Furthermore, Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining for Nigerians requires a lot of strategic planning to start. You can see that it’s a highly composite business plan. Therefore, this is an opportunity to inform you that to get this properly done you will need some business development services from us, Complete Full Marks Consultants (CFMC) Limited that is to ensure that  CFMC Limited backs you up with  professional business consulting services. No matter the scope of your operation, you need our professional support.

Highlights of the Business Plan: Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Furthermore, this business plan is designed to feature certain peculiar business plan elements to solid mineral industry.  Therefore, the highlights of this business plan include a peculiar SWOT Appraisal.  Added are feasibility analyses necessary to generate unit cost of production and turnover volumes. The industry analysis is the other highlight. In fact, the variety of products and market segmentations are the other peculiar concepts that are well-defined in this business plan. In fact, follow us to see how these are reflected in the business plan.

The Executive Summary Of Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

This business plan is for Complete Mining Quarry Ltd. Complete Mining Quarry Ltd. is a legally registered company in Nigeria. It has 5 quarry sand mining licenses for 5 different mining sites. It has its head office in Uyo, Akwa Ibom State.

An Overview

This is a 5-year business forecast for Mining Quarry in Nigeria. The feasibility analysis reveals that Complete Mining Quarry Ltd. will be generating a total turnover of N280,000,000.00 annually from the first year of operation. Therefore, based on our 25% gross margin target, this gives a total gross profit of N70,000,000.00 and a 15% net margin of N42,000.000.00.

Ownership Profile – Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Complete Mining Quarry Ltd. is incorporated in Nigeria in 2004 by a group of young entrepreneurs.  It however started operation in 2016 after obtaining its mining license from the Mining Cadastral office, in Abuja.

Our Competition

This is a start-up business. Venturing into the sand, gravel, and clay quarry excavating business is a big challenge. This is because this industry is already saturated with big players. In fact, many construction companies in Nigeria mine their own gravel, sand, and clays for their construction uses. Therefore, the influence of these multinational companies in this business is a big challenge. However, our research shows that these big players only produce for their own usage. 

Therefore, they are unable to meet up with the demand from the domestic and industrial sectors of the economy. In fact, the micro sector of the economy is not adequately catered for. More so are the cottage industries and homesteads that are in the rural communities.  Therefore, our major clientele is going to come from this section of Nigeria’s economy.  In fact, this is why this Complete Mining Quarry Ltd. quarry is situated in Uyo. In fact, our expansion program will see us opening more mining outlets in other parts of Akwa Ibom State. 

Competitive Advantage

In light of the above, we are going to leverage five main competitive advantages. These are:

• Quality products.
• Our customer base is micro, cottage industry, and domestic base. 
• Quantity Availability all-year-round – availability of volumes demanded
• A highly creative, customer-centric, and proactive mining and distributive approach
• Lastly is to improve our workforce welfare based on Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

The business Objectives

The objectives for Complete Mining Quarry Ltd. are to:

• Have our products and services in most micro and cottage business outfits within our operating environment.
• Cover major towns and villages in Akwa Ibom state – This is to reach about 60% of our target market.
• Sustain gross profit margins at 25%, and 15% net profit margin.
• Develop a sustainable Solid mineral company that survives on its own cash flow.

In the light of the above, our goals include;

• Becoming a leading Solid mining company in the environment of our operations within our first three years of operation
• Expanding our company operations to cover  all parts of Akwa Ibom state, Nigeria.
• To order Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Our Visions:

Furthermore, the vision for  Complete Mining Quarry Ltd. is to;

Become the biggest Solid mining company in Akwa Ibom State.

In this connection, our vision as a sand and gravel mining company is to engage in the distribution of sand and gravel etc. across major construction sites in Akwa Ibom  States of Nigeria.

Management Team: Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Complete Mining Quarry Ltd. parades a formidable management team of experienced managers. The ownership of Complete Mining Quarry Ltd. is made up of young talented and skilled artisans who have a number of years of industry experience having worked for some of the Multi-national companies at one time or the other.

As a matter of fact, to beef up our workforce capacity, we have decided to hire qualified and competent hands to occupy the following positions at Complete Mining Quarry Ltd.;

• Chief Executive Officer (CEO)
• Quality Assurance Manager (Asst. CEO)
• Human Resources and Admin Director
• Sales and Marketing Officer
• Accountants/Cashiers
• Quarry machine operators
• Sand and Gravel Mining Casual Workers
• Tipper Drivers
• Customer Service Executives
• Security officers.

SWOT Appraisal – Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

As a way forward, we engaged a management consultant to do this. We are happy to state that our consultants, Complete Full Marks Consultants Limited, have been able to appraise our internal and external environments to determine how much strength, weakness, opportunity and threat to our existence posed by these factors.

Our Strength & Weakness – Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Our consultants highlighted the fact that in the meantime, we have the latest state of the art mining equipment and trucks. These have positioned us to meet the demand of our clients. Meaning that our present capacity is capable of meeting whatever demand. In fact, even if the demand tripled over night or if we have a massive order to meet on emergency need, we are ready.

Furthermore, one other particular factor dictated is that internal economies of scale shall be reached within the next 3 years of operation. In the light of this, we will be able to generate the lowest per unit cost of production. As at now, our present scale of operation is very efficient looking at our breakeven curve. In the light of these, the large market anticipated in Akwa Ibom state, will foster high turnover which will keep us above the weaknesses and the threats identified. Read more from Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Another factor we count on is the background of our Chief Executive Office.  He has a robust experience in the industry and also a pretty good academic qualification to manage Complete Mining Quarry Ltd.

Opportunities

On the other hand, the opportunities available to us are unlimited. There are loads of construction sites in and around Akwa Ibom State. In fact, a marketing strategy to push our products to them is already perfected. Ordering our Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining now is a great opportunity..

Considering the business threat, the fact is that we are setting up a sand and gravel mining company in a town with other sand and gravel mining businesses. This might pose a challenge for us in breaking into the already saturated market in Akwo Ibom State.

Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining – That means, the threat that is likely going to confront us is the fact that we are competing with already established sand and gravel mining companies. And the fact that there are also going to be other incoming entrepreneurs who are likely going to launch similar businesses within the location of our business. These will also compete with us for the available market. Another threat that we are likely going to face is unfavourable government policies and economic downturn.

Our Product For Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

As a matter of fact, our products are going to be generally centred on sand, gravel, clay and rock mining. Then, their supplies and distribution. Because our clientele is going to be those of the large number of micro industries, homesteads and cottage industries, our products are to be distributed to cater for all spare of our clientele. 

Our products will generally include the following:

• Construction sand mining
• Gravel mining
• Silica or industrial sand mining
• Abrasive-sand mining
• Ball-clay mining
• Bentonite mining
• Common clay mining
• Fuller’s earth mining
• Feldspar mining

Our Target Market: Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

In fact, we are in business to engage in the mining and supply of construction sand and gravel. Others are industrial sand and gravel. Then, are common clay and other products to the following organizations;

• Building and construction companies
• Road construction companies
• Household building sites
• Cement production plants
• Blocks moulding companies
• Community building projects
• Government Projects, and
• Professional’s practice sites

The Contributions of our Products and Services to the economy are;

• Creating employment opportunities – over 200 workers will be employed in the next 3 years.
• Our activities will also create business opportunities for the population who will be involved in one way or the other in the distributive value chain of our products.
• These will generate income for the participating members of the public – a boost to the economy GDP, which give rise to
• Improved lifestyle in our communities operations, which leads to
• Improved wellbeing of the populace
• In addition, are all-year-round availability of gravels, sand etc. – there will be no artificial scarcity to be created.
• Our capacity to deliver across Akwa Ibom saves cost in building.
• A good market for Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

What we bring into the business

As you can notice from above, we bring  into the industry in Akwa Ibom State;

• Good business knowledge, skill and practical experience in the solid mineral mining sector
• The capacity to consistently deliver quality solid mineral products.
• Market watch – this is for  a good understanding of the market trends to avoid scarcity.
• Finally, our staff bring modern online operational and technical skills.

The Financial Plan for Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Furthermore, the materials and equipment required for Solid mineral business in Nigeria include mining trucks, office building, truck maintenance tools, company vehicles, weighing and measuring tools.  Others include mining license, excavating, stone crushing and selection machines.

This section take into account that the industry also has a high working capital requirement. This is because operators require sufficient capital to survive during periods of low prices.  At this period revenue may temporarily be insufficient to cover costs.

As a matter of fact, the analysis of these are in this business plan. The financial analysis segment details all of these. Therefore, included are estimates on capital funding and assets requirement. Then are, turnover and income statement forecast for the period under plan. The cash flow analysis is structured for the first three years of operation.

In conclusion:

Furthermore, we want you to understand that whether existing or intending business, you will need this business plan format when you make applications for government and non – government business capital grants. In addition, this format is also suitable for bank loan applications and for inviting investors. In fact, when you are writing your investment proposals or concept notes for business loan grant and start – up competitions, this must be handy.

Again, this is the format of business plan required for dealership approval by the regulatory bodies in Nigeria. If you have any challenges, please, contact us. Get a copy of Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining now.

Use this check list to assess your readiness so far. Mark as completed, in progress or date to commence the process.

• Business Name Availability Check
• Business Registration
• Opening of Corporate Bank Accounts
• Securing Point of Sales (POS) Machines
• Opening Mobile Money Accounts
• Opening Online Payment Platforms
• Application and Obtaining Tax Payer’s ID
• Application for business license and permit
• Purchase of Insurance for the Business
• Leasing of a facility and renovating the facility as well
• Conducting Feasibility Studies
• Generating capital from family members
• Invitation for Investors

Furthermore;

• Applications for Loan from the bank
• Writing of Business Plan
• Drafting of Employee’s Handbook
• Drafting of Contract Documents and other relevant Legal Documents
• Design of The Company’s Logo
• Printing of Promotional Materials
• Recruitment of employees
• Purchase of the needed stone quarry machines and equipment, furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV
• Creating Official Website for the Company
• Creating Awareness for the business both online and around the community
• Health and Safety and Fire Safety Arrangement (License)
• Opening party planning
• Establishing business relationship with construction companies, contractors and other stakeholders in the construction cum building industry
• Purchase of tippers and delivery trucks
• Ordering our copy of Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

READ ALSO :

• How to get your Mining Exploration Lease in Nigeria
• Where & How to get Small Scale Mining Lease in Nigeria
• Get a Quarry license here
• A 25-Year Mining Lease in Nigeria
• Small Scale Lead Mining BPlan

The Final Copy for Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Furthermore, be informed that this business plan’s final copy is always available. You can always have them on request at minimal cost. Therefore, to ascertain the cost of establishing a lucrative Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining for Nigerians you need it. In fact, if you must win the loan application or attract investors, you need this part of the business plan. This is where we generate the parameters that determine if you are capable of winning the loan application or attract the investor.

Finally, I wish to let you know that Complete Full Marks Consultants (CFMC) Limited is a firm of Chartered Accountants, Auditors, Taxation and Management Consultants. In fact, our professional expertise is always brought to bear in our business plan development. In addition, our several years of industry experience speak for us. Therefore, we can assist you with all the business support services you desire.

Our Contacts:

Call us at +234 8034347851 or email us via [email protected]

And now, if you enjoyed this, please help us share to reach your contacts. Thanks for doing that. And, thanks for reading through Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining

Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.

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HOW TO SET UP A QUARRY BUSINESS IN NIGERIA

Quarrying business is an important sub-sector of the Nigerian mining industry. The mining and quarrying sector contributed over N100 billion to Nigeria’s GDP in 2021 . The quarrying business sector is regulated by the Federal Ministry of Mines and Steel (“Ministry”) in terms of issuance of registration, permits, community development agreements and memorandum of understanding on miners. The Ministry acts  through the Mining Cadastre Office to manage and administer mineral titles in Nigeria. Below are what a prospective investor needs to know about how to set up a quarry business in Nigeria. 

What are the regulatory Frameworks for guiding the operation of Quarry Business in Nigeria?

The primary laws regulating the operating of quarry business in Nigeria are contained in the following legislations:

i. Land Use Act 1978

ii. Nigerian Mineral and Mining Act 2007

iii. National Environmental (Quarrying and Blasting Operations) Regulations, 2013. 

Note that there are other regulations applicable in the quarry business in Nigeria.

Is there any mandatory share capital for a company seeking to engage into quarry business in Nigeria?

Yes, the minimum share capital for a company seeking to undertake a quarry business in Nigeria must be N5,000.000.00 (Five Million Naira).

You can click the link below to read more on how to register a company in Nigeria:

COMPANY REGISTRATION IN NIGERIA: REQUIREMENTS, COSTS AND REGULATORY COMPLIANCE MATTERS

What are the requirements for incorporating a Quarry Company in Nigeria? 

Incorporation of a quarry company is the prerogative of the Corporate Affairs Commission (CAC) subject to fulfilling all incorporation requirements and payment applicable fees. Below are the requirements for incorporating a company seeking to engage in quarry business in Nigeria:

• Two proposed names for the company: these names will be submitted to the CAC for name search, screening and approval. Upon approval, the promoters may thereafter proceed to register the company with the approved name.
• Proposed registered address within Nigeria, email address and phone number of the company.
• Details of the Shareholders, Director(s) and Company Secretary which must include their names, Contact/Home address, Email address, Phone number, Date of birth, Occupation, National Identification Number (NIN), and electronic signature respectively. Please note that for foreigners, an international passport will be sufficient for means of identification.
• Object of company: The company must be registered as a company engaged in quarry business.

You can learn more about the requirement for registering a company in Nig eria here.

What are the post-incorporation registrations and approvals required for setting up a quarry company in Nigeria?

Upon incorporation, the following are the (2) post-incorporation requirements for setting up a quarry business in Nigeria:

1. Registration with the Federal Inland Revenue Service (FIR)

Although a Tax Identification Number (TIN) is assigned to a company upon incorporation by the Corporate Affairs Commission. However, a company is required to register with the Federal Inland Revenue Service (FIRS) for tax purposes.

 Below are the requirements for the registration with the FIRS:

• Application letter on the company’s letterhead paper;
• Particulars of the company directors; and
• Utility bill of the registered address of the company.

2. Registration with the Mining Cadastre Office (MCO) located in Abuja FCT.

MCO is responsible for granting Quarry Lease in respect of any area of land, not exceeding five (5) hectares, and the lease, unless previously revoked or otherwise determined, remains in force for a period of five (5) years or less from the date of lease and shall expire unless renewed, provided the application for renewal is made three (3) months before the lease expires.

A holder of quarry lease is authorised amongst other things, to carry out operation on the land within the area of the lease, remove and dispose of any mineral specified in the lease; and do all such specified in the Act which may be necessary or convenient for the carrying out of its quarrying operations. 

Please note that the area specified in an application for a lease shall be surveyed before the MCO will grant the lease.

Please note also that quarry lease is unique and only covers the certain numbers of minerals specified on the licence.

What are the requirements, conditions and procedure for obtaining a Quarry Lease in Nigeria?

The statutory conditions for obtaining a Quarry Lease in Nigeria are as follows:

• The Mining Cadastral Office (MCO), on receipt of a valid application, shall grant and issue to the applicant a Quarry Lease within the 45 days;
• The duration of Quarry Lease shall not exceed five (5) years as required, provided the renewal application is made within three (3) months before the expiration of the lease;
• The area of land shall not exceed 5km2.

The following are the documents required to register for Quarry Lease with the MCO:

• A duly completed application form;
• Pre-feasibility report with (COMEG seal and signature);
• Evidence of technical and competence persons;
• The irrevocable consent from the landowners/land occupier;
• An attestation of no conviction of a criminal offence under the Act;
• Evidence of financial capabilities;
• A certified true copy of CAC certificate of incorporation;
• Evidence of payment of processing fees;
• Names of minerals to be exploited;
• Current Tax Clearance;
• Survey plan.

What are the applicable costs for setting up a quarry company in Nigeria?

What is the timeline for completing the setup of a quarry company in Nigeria?

The entire process should be completed in two (2) months. The incorporation of a quarry company can be completed by CAC in two (2) days after submission. 

Also, tax registration with the FIRS can be completed in five (5) days.

The application for quarry lease is processed by the MCO within 45 days of receipt of the application.

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Quarry Business Plan in Nigeria

Quarry Business and Financial Plan

Our Quarry Business Plan in Nigeria is well documented and can also be used for, but not limited to:

• Grant Applications,
• Bank Loans,
• Proposal writing,
• Business Concept Note,
• Competitions e.t.c

Purpose of the Quarry Business Plan in Nigeria

Benefits of the quarry business plan in nigeria.

The Quarry Business Plan in Nigeria is beneficial because

• It helps in outlining the steps needed to achieve the business goals and ideas.
• It helps to articulate strategy to stakeholders who support the business.

Importance of the Quarry Business Plan in Nigeria

The Quarry Business Plan in Nigeria is important because

• It will assist you in making sound decision in the administration of the commercial enterprise which will make a contribution to the success of the business.
• It will additionally gives distinctive statistics on all components of the business, outlining the business desires and the steps required to achieve them.

Content of the Quarry Business Plan in Nigeria

• Executive Summary
• Introduction
• Business Description
• Keys to Success
• Products and Services
• Market Analysis
• Our Target Market
• Pricing Strategy
• Competitor Analysis
• Sales and Marketing Plan
• SWOT Analysis
• PEST Analysis
• Operational Plan
• Management plan
• Financial Plan and Projections
• Financial Diagnostics

Download The Complete Quarry Business Plan in Nigeria

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Quarry & Logistics Business Plan

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Project Description

Quarry business plan: project description.

The company has an intention to tap into the mining sector’s opportunities by engaging in the:

1) Operations of quarries,

2) Production of Polished Stones,

3) Paving Stones, and

4) Asphalt for the Construction Industry.

The Quarry site covering an area measuring two (2) cadastral units. It is located in Olodo Town in Obafemi-Owode local government area of OgunState.

Quarry Business Plan: Actions Taken

Brickstone was contracted to:

• Collection and desktop analysis of data related Nigeria Quarry Industry.
• Analyse the peer competitions within the Lagos and South West Nigerian Market
• Due diligence on the quarry equipment suppliers and equipment cost vetting
• Recommend appropriate transaction modalities and structuring and executing fund raising for the project.
• Develop a Comprehensive Financial Model to communicate the financial viability of the project to investors.
• Develop an Information Memorandum and Business Plan that would communicate succinctly the value proposition of the project to investors.
• Development of a suitable operating and maintenance model for the quarry.

Services includes the following

• Mining Industry and Market Analysis
• Project Cost Estimates Projection
• Equipment Suppliers Due Diligence
• Operation and Business Modelling
• Financial Modelling
• Information Memorandum

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Quarry Business in Nigeria: How to Get Started

Think of the number of road and building projects carried out in Nigeria yearly and you may begin to have an idea of how lucrative quarry business can be in Nigeria. Quarries are where granites, gravel and stones used in construction are produced.

The earth is made up of rocks and sand, stone, granite and such products are derived by breaking these hard rocks into smaller pieces. Naturally, this is a process that should take hundreds of years but who is willing to wait a hundred years just to get a handful of rocks?

So man in his usual innovative restlessness decides to come up with a method to speed up the process so that granites, gravel, sand and other related products are available within minutesand not centuries.

As a quarry business operator, some of your customers would include-:

• Roads and bridge building contractors.
• House building contractors including private builders.
• Cement and Brick Manufacturers.
• Marble and Tile Manufacturers.
• Granite wholesalers and retailers.

Make no mistake; this is not a cheap business to start. It is a business that requires millions of naira in capital. However, if you cannot afford to set up a quarry, you can settle for being a wholesaler. This means that you would purchase your products from quarries in bulk and then sell directly to consumers in smaller quantities. Some of the basic steps involved in setting up a quarry in Nigeria are explained below:

Lease a Piece of Land

You would need to lease a rocky land from the government where you would crush and derive your products from. These sites are usually leased for between 1 and 5 years depending on the terms of contract.

Purchase Equipment

The next step would be to purchase equipment which would be used in carrying out operations. Some of the equipment needed include crushers, excavators and excavator rubber track sale units, dumpers, pay loaders, generators and Way Bridge. These equipments can be sourced from the USA, China or Europe.

Gather Knowledge

The next thing you need is to acquire the knowledge to run the business. Running a quarry is a very technical process and you need to devote time into learning how it is done.

Of course, you can hire people to run and manage the business for you but it is advisable that you learn the nitty-gritty of the business as well to prevent being ripped off by dubious employees who may decide to exploit you when they observe that you don’t know much about the business.

This is another sub-sector of the quarry business. Infact, this is an industry on its own.Upon production of granite and other products, you would need a solid distribution system to ensure that your buyers have their products delivered to them with ease.

If you can afford it, purchase a few heavy-duty haulage vehicles like tippers or Lorries for distribution of your products but if you cannot afford it, don’t sweat it at all.

What most quarry owners do is to engage the services of third party haulage contractors who would take up the distribution aspect of the business. Some of them would lease their vehicles to you and have you pay them a specific amount monthly while some of them wouldprefer toundertake the service themselves as third-party haulage contractors.

Don’t let all the grammar scare you, with a minimum of N5 million, you can establish a small scale quarry that would earn you millions in profit yearly.

13 thoughts on “Quarry Business in Nigeria: How to Get Started”

Pls can you help me on how to get government lincencse?

Dear Guru, I already have a quarry site in ilorin kwara state. Please i will like to get detail information on how to start and set up a quarry. i will also like to know hazard involved,government regulation and other details. Thanks.

I’d like to know how 5million naira can start up a quarry for me. Thank you.

Thanks a trillion for the information. Need more info on how to start up a stone quarry (Rough Estimate).

Good day how can i post my picture on Nigeria Finder,plz help,thax

Good day how can post my picture on Nigeria Finder,plz help,thax

THANKS FOR YOUR KIND INFORMATION

WE NEED CURRENT QUARRY / CEMENT PLANT DETAILS LIKE ADDRESS AND CONTACT DETAILS

CAN YOU GIVE US?

WAITING REPLY

My name is olabode am a business man, here in Nigerian and I also have a licensed to establish quarry, and I have the deposit here in ondo in case you wanted to call or text 0803827#### or 0705049####

let nme have ur phone no pls

I have crusher and other quipments. It is used for 3 years and want to sell them. If anyone interested, I can give details.

Hello, I read your article here and it’s quite interesting, and I would like to know how N5million naira can start up a quarry business for me please. I will appreciate your quick response, thanks.

Are you a consumer? I’m currently helping my dad looking for consumers both large and small consumers.

Good day. I will like to get detail information about how to set up a quarry site.

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How To Establish A Quarry Plant In Nigeria; The Feasibility Report.

Home → Product → How To Establish A Quarry Plant In Nigeria; The Feasibility Report.

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In 2008, it was estimated that the granite chipping demand in southwestern Nigeria was about 24.2 million tons while the total production was about 18 million tons leaving a supply gap of 6.2 million tons. This translates to an annual market size of over N48 billion.

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The mining of minerals in Nigeria accounts for only 0.3% of its GDP, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore. Rights to ownership of mineral resources is held by the Nigerian government, which grants titles to organizations to explore, mine, and sell mineral resources.

About thirty-four (34) minerals deposits have been identified in Nigeria and one of such is Granite. Granite is a coarse-grained intrusive igneous rock composed primarily of light-coloured minerals.

Crushed granites are small chips of granite, used as a base layer for paving. They are rock-aggregate used in building and general construction.

In 2008, It was estimated that the granite chipping demand in southwestern Nigeria was about 24.2 million tons while the total production was about 18 million tons leaving a supply gap of 6.2 million tons. This translates to an annual market size of over N 48 billion

The supply gap has been identified to continue to expand as construction activities in the region continue to grow at a faster rate than the increase in production of granites. According to The Netherlands Development Finance Company (FMO) Nigeria’s housing deficit to date is 17 million housing units on a total population of 140 million with virtually no organized mortgage market.

In addition, infrastructural development particularly with the Federal Government commitment is expected to further expand demand for granite aggregates which are a major input in the construction industry.

For example, the Lagos – Ibadan expressway modernization and expansion project awarded to Bi-Courtney at a cost of N89.5 billion ($610million) is expected to offer an immediate market opportunity for the investment.

The major commercial and economic nerve centers around the project site are Lagos, Ibadan, Abeokuta, Sagamu etc.

The quarry will process rocks into granites aggregates including stones and sand dust. The stones output will be in variety of sizes ranging from ¾ inch to less than ½ inch (stones) and are rich in quartz and K-feldspar, all of which are standard sizes in the construction industry.

The capacity of the proposed plant is one hundred (100) tons per hour and comprises of the Jaw Crusher, Vibrating Feeder, Cone Crusher and Vibrating Screens. Other auxiliary equipment’s include excavator, wheel loader, wagon drill, air compressor, dumper truck, power generator and weigh bridge.

The plant would operate at seventy percent (70%), seventy-five percent (75%), eighty percent (80%), eighty-five percent (85%) and ninety percent (90%) of the installed capacity working a single shift of eight (8) hours per day working for three hundred (300) day per annum in the first, second, third, fourth and fifth years of operations and producing one hundred and sixty-eight thousand (168,000) tons, one hundred and eighty thousand (180,000) tons, one hundred and ninety-two thousand (192,000) tons, two hundred and four (204,000) tons and two hundred and sixteen thousand (216,000) annually.

The plant would produce twenty percent (20%) of stone dust 0-1/4 inch, thirty-five percent (35%) of 1/2 inch and forty-five percent (45%) of 3/4 inch as output.

EXECUTIVE SUMMARY

1. Business Overview

1.1 Description of the Business 1.2 Incentives / Government Policy 1.3 How to Obtain a Mining Lease in Nigeria 1.4 Occurrence and Distribution of the mineral in Nigeria 1.4 Critical Success Factor of the Business 1.5 Description of the Business Industry 1.6 Contribution to Local and National Economy

2. Marketing Plan

2.1 Description of product 2.2 Location 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. Technical Analysis

3.1 Description of the Location 3.2 Raw Materials 3.3 Production Technology / 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 4.3.1 Strategic Business Units 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 5.6 Financial Projections

6.0 Business Risk and Mitigation Factor

6.1 Business Risks 6.2 SWOT Analysis

Are you interested in purchasing this report?

Please do pay N 150,000 into

United Bank for Africa (UBA) Account Name: Foraminifera Market Research Limited Account Number: 101 76 603 95

Eco Bank Plc Account Name: Foraminifera Market Research Limited Account Number: 274 20 569 37

After payment call us on 01 -29 52 413 / 08033782777 or email us at [email protected] with the payment details.

After payment confirmation, the soft copy of the report would be sent to you within 24 hours.

Report Type: Feasibility Report Language: English Release date: September, 2014; Updated Every 3- Months Number of pages: 47 pages Format of Delivery: Ms Word / Excel Product Code: FORA/2013/0804 Delivery time: Within 24– 48 hours of payment confirmation

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pls I need full plan of the business

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Stone Crusher and Quarry Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Construction & Engineering

Are you about starting a granite mining business? If YES, here is a complete sample stone crusher & quarry business plan template & FREE feasibility report.

Okay, so we have considered all the requirements for starting a stone crusher & quarry business. We also took it further by analyzing and drafting a sample stone & granite marketing plan template backed up by actionable guerrilla marketing ideas for quarry businesses. So let’s proceed to the business planning section.

Why Start a Stone Crusher & Quarry Business?

As an aspiring entrepreneur with an interest in the construction cum building industry who is looking towards starting a business, one of your best options in making a launch into the industry is to start a stone quarry business. This business does pretty well in some parts of the world and wouldn’t do well in others.

In Nigeria for instance; Part of what you would need to launch this type of business is your mining license, your excavating, stone crushing and selection machines, trucks cum tippers and employees. A stone quarry business isn’t a child’s play at all as it requires that you are armed with all the basic knowledge about the industry and how you plan to run your Quarry company.

In as much as people can start this business at a local level on a small scale, it will be a wise decision to write a good business plan document- especially if you choose to start the business on a large scale and as a standard business that can employ more than a handful of people. Below is a sample stone quarry company business plan that will help you successfully launch your own business;

A Sample Stone Quarry Business Plan Template

1. industry overview.

A stone quarry business is a business that involves the excavation of different dimension of stones, rocks, ripraps, construction aggregates, slates and gravels for the constructions industry.

Players in this industry basically extract rocks from an open-pit mine and the rocks are crushed to produce construction aggregate, which is them screened into different size categories either for immediate use in construction sites, or taken for further processing.

No doubt, the stone quarry line of business is a key sector in the building cum construction industry; they supply important building cum construction raw materials. There are locations where such business can hardly thrive either due to lack of natural resources (rocks and quarry mines) or due to environment hazard in such locations.

The Stone Quarry line of business is indeed a thriving line of business and pretty much active in key locations in North America, Africa, Asia and South America they generates several billions of US dollars annually from several registered and unregistered small – scale, medium scale and big stone quarry companies scattered all around Africa, Asia, North America and South America.

This line of business is responsible for the employment loads of people directly and indirectly all around the world. Any aspiring entrepreneur that is considering starting a stone quarry business whether on a small scale or in a large scale should ensure that he or she, obtains all the necessary permits from both the local government, state government and the federal government.

He or she should ensure conducts thorough market survey and feasibility studies so as to get it right. The truth is that, this type of business do pretty well when it is strategically positioned. Any location that is close to communities with rich deposit of stone mines cum rocks.

Over and above, stone quarry business is a profitable business venture and it is open for any aspiring entrepreneur to come in and establish his or her business; you can chose to start on a small scale on a large scale with robust distribution network all across major construction sites and cement factories in Nigeria.

2. Executive Summary

Joseph Ileaboya & Sons Stone Quarry Company is a standard and licensed stone quarry company that will be based in Okpella – Edo State, Nigeria. We are registered under the Nigerian Corporate Affairs Commission (CAC).

Although we intend starting out on a small scale as a cottage company, but that will not in any way stop us from maximizing our potential in the stone quarry line of business by supplying building and decorative stones, crushed granite, dimension granite, paving slabs, slates, gravels, aggregates – stones, rocks, ripraps, limestone, lime burning (calcimine) – used as cement with sand, to make mortar and also in agriculture for the purpose of improving soil quality and cement et al not just to small construction companies cum sites but to larger construction companies cum sites all across Nigeria.

Our business goal as a stone quarry company is to become the number one choice of construction companies cum construction sites in Nigeria where we intend supplying building and decorative stones, crushed granite, dimension granite, paving slabs, slates, gravels, aggregates – stones, rocks, ripraps, limestone, lime burning (calcimine) – used as cement with sand, to make mortar and also in agriculture for the purpose of improving soil quality and cement et al.

As a business, we are willing to go the extra mile to invest in owning our own world – class and environmental friendly stone quarry and also to hire efficient and dedicated employees. We have been able to secure permits and license from all relevant departments both at local government level and state level in Edo state.

Joseph Ileaboya & Sons Stone Quarry Company is set to redefine how standard stone quarry business should be run, not just in Edo State, but also in the whole of the Nigeria. This is why we have put plans in place for continuous training of all our staff at regular interval.

No doubt the demand for dimension of building and decorative stones, crushed granite, dimension granite, paving slabs, slates, gravels, aggregates – stones, rocks, ripraps, limestone, lime burning (calcimine) – used as cement with sand, to make mortar and also in agriculture for the purpose of improving soil quality and cement et al is not going to plummet any time soon which is why we have put plans in place to continue to explore all available market around construction sites where we intend supplying our products.

In the nearest future, we will ensure that we create a wide range of distribution channels all across Nigeria. With that, we know we will be able to maximize profits in our business.

Joseph Ileaboya & Sons Stone Quarry Company will at all-time demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our customers ‘needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our customers.

Joseph Ileaboya & Sons Stone Quarry Company is a family business that will be owned by Mr. Joseph Ileaboya and his immediate family members. Mr. Joseph Ileaboya is an astute businessman who has been able to start and grow several businesses before starting Joseph Ileaboya & Sons Stone Quarry Company.

He has a degree in Civil Engineering from the University of Benin, Edo State. He has well over 10 years’ hands on experience in the construction cum building industry prior to starting Joseph Ileaboya & Sons Stone Quarry Company

3. Our Products and Services

Joseph Ileaboya & Sons Stone Quarry Company was established with the aim of maximizing profits in the construction cum building industry. We want to compete favorably with the leaders in the industry which is why we have but in place a competent team that will ensure that our products are of highest standard.

We will work hard to ensure that Joseph Ileaboya & Sons Stone Quarry Company is not just accepted in Edo State but also in other states all across Nigeria where we intend supplying our products. Our products are listed below;

• Building and decorative stones
• Crushed granite
• Dimension granite
• Paving Slabs and slates
• Aggregates – stones
• Lime burning (Calcimine) – Used as cement with sand, to make mortar and also in agriculture for the purpose of improving soil quality

4. Our Mission and Vision Statement

• Our vision as a stone quarry company is to engage in national distribution of building and decorative stones, crushed granite, dimension granite, paving slabs, slates, gravels, aggregates – stones, rocks, ripraps, limestone, lime burning (calcimine) – used as cement with sand, to make mortar and also in agriculture for the purpose of improving soil quality and cement et al across major construction sites in Nigeria.
• Our mission is to establish a standard and world class – environmental friendly stone quarry company that in our own capacity will favorably compete with leaders in the industry on the global stage. We want to build a stone quarry company that will be listed amongst the top 5 stone quarry company brands in Africa.

Our Business Structure

Ordinarily, we would have succeeded in running a stone quarry business with few employees, but as part of our plan to build a top flight stone quarry production company in Okpella – Edo State, we have perfected plans to get it right from the onset which is why we are going the extra mile to ensure that we have competent employees to occupy all the available positions in our company.

The picture of the kind of stone quarry company we intend building and the business goals we want to achieve is what informed the amount we are ready to spend to ensure that we build a business with dedicated workforce and robust distribution network.

In view of that, we have decided to hire qualified and competent hands to occupy the following positions at Joseph Ileaboya & Sons Stone Quarry Company;

• Chief Executive Officer (Owner)
• Stone Quarry Manager/Quality Assurance Manager

Human Resources and Admin Manager

• Sales and Marketing Officer
• Accountants/Cashiers

Stone Quarry Casual Workers

• Truck/Tipper Drivers
• Customer Service Executives

5. Job Roles and Responsibilities

Chief Baker/Chief Executive Officer – CEO (Owner):

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization

Stone Quarry Manager

• Responsible for overseeing the smooth running of the stone quarry site
• Makes sure that quality is maintained at all times
• Maps out strategy that will lead to efficiency amongst workers in the stone quarry
• Responsible for training, evaluation and assessment of the workforce
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Ensures that the stone quarry site meets the expected safety and health standard at all times.
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Oversees the smooth running of the daily business activities.

Sales and Marketing Manager

• Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Models demographic information and analyze the volumes of transactional data generated by customer purchases
• Identifies, prioritize, and reach out to new partners, and business opportunities et al
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with customers
• Develops, executes and evaluates new plans for expanding increase sales
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company
• Responsible for operating stone crusher, cement mixers, excavators and other machines and equipment in the stone quarry site
• Responsible for the production of building and decorative stones, crushed granite, dimension granite, paving slabs, slates, gravels, aggregates – stones, rocks, ripraps, limestone, lime burning (calcimine) – used as cement with sand, to make mortar and also in agriculture for the purpose of improving soil quality and cement et al
• Assist in loading and offloading of our products into and out of the tippers /trucks

Accountant/Cashier

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the organization
• Serves as internal auditor for the organization

Distribution Truck/Tipper Drivers

• Assist in loading and unloading Building and decorative stones, crushed granite, dimension granite, paving Slabs, aggregates – stones, limestone, lime burning (Calcimine) – Used as cement with sand, to make mortar and also in agriculture for the purpose of improving soil quality and cement et al.
• Maintain a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators.
• Keep a record of vehicle inspections and make sure the truck is equipped with safety equipment
• Assist the transport and logistics manager in planning their route according to a delivery schedule.
• Local-delivery drivers may be required to sell products or services to stores and businesses on their route, obtain signatures from recipients and collect cash.
• Transport finished materials over land to and from stone quarry site to construction sites all across Nigeria
• Inspect vehicles for mechanical items and safety issues and perform preventative maintenance
• Comply with truck driving rules and regulations (size, weight, route designations, parking, break periods etc.) as well as with company policies and procedures
• Collect and verify delivery instructions
• Report defects, accidents or violations

Client Service Executive

• Ensures that all contacts with customer (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the store manager in an effective and timely manner
• Consistently stays abreast of any new information on Joseph Ileaboya & Sons Stone Quarry Company, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries

6. SWOT Analysis

Because of our drive for excellence when it comes to running a standard stone quarry company, we were able to engage some of the finest business consultants in Nigeria to look through our business concept and together we were able to critically examine the prospect of the business and to assess ourselves to be sure we have what it takes to run a standard stone quarry business that can compete favorably in the stone quarry line of business in Africa.

In view of that, we were able to take stock of our strengths, our weakness, our opportunities and also the threats that we are likely going to be exposed to in Nigeria . Here is a of what we got from the critically conducted SWOT Analysis Joseph Ileaboya & Sons Stone Quarry Company;

Our strength lies in the fact that we have state of the art stone quarry and processing facility and equipment that has positioned us to meet the demand of building and decorative stones, crushed granite, dimension granite, paving slabs, slates, gravels, aggregates – stones, rocks, ripraps, limestone, lime burning (calcimine) and cement et al in Nigeria even if the demand tripled over night or if we have a massive order to meet and emergency need.

Another factor that counts to our advantage is the background of our Chief Executive Office; he has a robust experience in the industry and also a pretty good academic qualification to match the experience acquired which has placed her amongst the top flight business men in Nigeria.

We are not ignoring the fact that our team of highly qualified and dedicated workers will also serve as strength for our organization

We do not take for granted the facts that we have weaknesses. In fact, the reality that we are setting up a stone quarry company in a town with other smaller and larger stone quarry businesses might likely pose a challenge for us in breaking into the already saturated market in Nigeria.

In essence our chosen location might be our weakness. But nevertheless, we have plans to launch out with a big bang. We know with that, we will be able to create a positive impression and we have a proper handle when it comes to building on already gather momentum.

• Opportunities:

The opportunities available to us are unlimited. There are loads of construction sites in Nigeria and all what we are going to do to push our products to them is already perfected. Okpella in Edo state is just ideal for chalk stone quarry business because the rich deposit of rocks and stone mines and readily available and affordable labor in Okpella – Edo State.

The threat that is likely going to confront us is the fact that we are competing with already established stone quarry companies in Edo State and also there are other entrepreneurs who are likely going to launch similar business within the location of our business.

Of course, they will compete with us in winning over the available market. Another threat that we are likely going to face is unfavorable government policies and economic downturn. Usually economic downturn affects purchasing / spending powers and unfavorable government policies.

7. MARKET ANALYSIS

• Market Trends

It is common trend in the stone quarry line of business to find stone quarry companies positioning their business in locations and communities where they can easily have access to rocks and stone mines and labor.

If you make the mistake of positioning this type of business in a location where you would have to travel a distance before you can access rocks and stone mines in commercial quantities, then you would have to struggle to make profits and maintain your overhead and logistics.

So also, another trend in this line of business is that most registered and well organized stone quarry companies look beyond the market within their locations or state; they ensure that they strike business deals with leading construction companies in Nigeria.

The truth is that if as stone quarry company you are able to become a vendor to one or more construction giants in Nigeria, you will always continue to smile to the bank.

8. Our Target Market

When it comes to supplying product from a stone quarry, there is indeed a wide range of available customers. In essence, our target market can’t be restricted to just a group of people or organizations. This goes to show that the target market for products from a stone quarry companies and far reaching, you can create your own make niche yourself to serve a specific purpose.

In view of that, we have conducted our market research and we have ideas of what our target market would be expecting from us.

We are in business to engage in supply of building and decorative stones, crushed granite, dimension granite, paving slabs, slates, gravels, aggregates – stones, rocks, ripraps, limestone, lime burning (calcimine) and cement et alto the following organizations;

• Building and construction companies
• Road construction companies
• Cement production plants
• Blocks molding companies

Our Competitive Advantage

The fact that anybody with interest in the stone quarry business can decide obtain the required license and permit to start the business means that the business is open to all and sundry hence it is expected that there will be high – level competition in the industry.

This is so because the technology involved in stone quarry line of business is not complicated. As a standard and licensed stone quarry company, we know that gaining a competitive edge requires a detailed analysis of the demographics of the surrounding area and the nature of existing competitors.

And even if you are successful at first, new competitors could enter your market at any time to steal your regular customers. Hence we will not hesitate to adopt successful and workable strategies from our competitors.

We are going to be one of the very few stone quarry companies in Okpella – Edo State that will also engage in distribution of building and decorative stones, crushed granite, dimension granite, paving slabs, slates, gravels, aggregates – stones, rocks, ripraps, limestone, lime burning (calcimine) and cement et al all across Nigeria.

Another competitive advantage that we have is the vast experience of our management team, we have people on board who are highly experienced and understands how to grow business from the scratch to becoming a national phenomenon.

Our large and robust distribution network and of course our excellent customer service culture will definitely count as a strong strength for the business.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups stone quarry companies) in the industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Joseph Ileaboya & Sons Stone Quarry Company is established with the aim of maximizing profits in the construction cum building industry both in Edo State and throughout key cities in Nigeria. We are going to go all the way to ensure that we do all it takes to sell our products to a wide range of customers.

Joseph Ileaboya & Sons Stone Quarry Company will generate income by simply supplying the following;

10. Sales Forecast

One thing is certain when it comes to stone quarry business, if your business is strategically positioned and you have good relationship with players in the construction industry, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.

We are well positioned to take on the available market in Nigeria and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base.

We have been able to critically examine the stone quarry line of business and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Edo State – Nigeria.

Below are the sales projections for Joseph Ileaboya & Sons Stone Quarry Company, it is based on the location of our business and other factors as it relates to small scale and medium scale stone quarry company start – ups in Nigeria;

• First Fiscal Year-: N1million
• Second Fiscal Year-: N2.5Million
• Third Fiscal Year-: N5Million

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same product and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

Before choosing a location to start Joseph Ileaboya & Sons Stone Quarry Company, we conduct a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market in Nigeria. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time and also for to compete with other stone quarry companies.

We hired experts who have good understanding of the stone line of business to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market for our products.

In other to continue to be in business and grow, we must continue to sell our products to the available market which is why we will go all out to empower or sales and marketing team to deliver our corporate sales goals. In summary, Joseph Ileaboya & Sons Stone Quarry Company will adopt the following sales and marketing approach to sell our chalks;

• Introduce our business by sending introductory letters to construction cum building companies, building contractors and other stakeholders both in Nigeria
• Open our business with a party so as to capture the attention of residence who are our first targets
• Engage in road show in targeted communities  from time to time
• Advertise our products in community based newspapers, local TV and radio stations
• List our business and products on yellow pages ads  (local directories)
• Leverage on the internet to promote our product cum business
• Engage in direct marketing and sales
• Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

Regardless of the fact that our stone quarry company is a standard one that can favorably compete with other leading stone quarry companies in Nigeria and in any part of the world, we will still go ahead to intensify publicity for all our products and brand. We are going to explore all available means to promote Joseph Ileaboya & Sons Stone Quarry Company.

Joseph Ileaboya & Sons Stone Quarry Company has a long term plan of exporting our product all across the Nigeria. This is why we will deliberately build our brand to be well accepted in Okpilla – Edo State before venturing out to other cities all across Nigeria.

As a matter of fact, our publicity and advertising strategy is not solely for selling our products but to also effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Joseph Ileaboya & Sons Stone Quarry Company:

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community programs
• Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, et al to promote our brand
• Install our Bill Boards on strategic locations all around major communities in Nigeria
• Engage in road show from time to time in targeted communities
• Distribute our fliers and handbills in target areas
• Position our Flexi Banners at strategic positions in the location where we intend getting customers to start patronizing our chalks.
• Ensure that all our staff members wear our customized clothes, and all our official cars and distribution trucks/tippers are customized and well branded.

12. Our Pricing Strategy

At Joseph Ileaboya & Sons Stone Quarry Company we will keep the prices of our products below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from well – established construction companies that would require constant supply of building and decorative stones, crushed granite, dimension granite, paving slabs, slates, gravels, aggregates – stones, rocks, ripraps, limestone, lime burning (calcimine) and cement et al.

In addition, we will also offer special discounted rates to all our customers at regular intervals. We are aware that there are some one – off supply contracts especially from government contractors or construction giants which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

• Payment Options

The payment policy adopted by Joseph Ileaboya & Sons Stone Quarry Company is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the Federal Republic of Nigeria.

Here are the payment options that Joseph Ileaboya & Sons Stone Quarry Company will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via online bank transfer
• Payment via Point of Sale Machines (POS)
• Payment via mobile money platforms
• Payment via check
• Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for the purchase of our products.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The machines, tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a stone quarry business; it might differ in other countries due to the value of their money. We know that no matter where we intend starting our stone quarry company, we would be required to fulfill most of the items listed below;

• The Fee for registering the business (venture) in Nigeria –N15,000
• Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – N30,000
• Marketing promotion expenses for the grand opening of Joseph Ileaboya & Sons Stone Quarry Company – N150,000
• Cost for hiring Business Consultant – N50,000
• Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – N50,000
• Cost for payment of rent for 12 month and renovation inclusive – N240,000
• Other start-up expenses including stationery and phone and utility deposits – N5,000
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – N300,000
• The cost for machines, equipment and start-up inventory (Stone crusher, excavators, separator machines and other stone quarry machines, equipment and tools) – N320,000
• Cost for store equipment (cash register, security, ventilation, signage) – N10,000
• Cost of purchase of distribution trucks/tippers – N750,000
• The cost for the purchase of furniture and office equipment (Computers, Printers, Telephone, Fax Machines, tables and chairs et al) – N150,000
• The cost of Launching a Website – N25,000
• The cost for our opening party – N20,000
• Miscellaneous – N10,000

We would need an estimate of N2million to successfully set up a standard and world class stone quarry business. Please note that this amount includes the salaries of all the staff for the first 3 month of operation.

Generating Funding/Startup Capital for Joseph Ileaboya & Sons Stone Quarry Company

No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. Finance is a very important factor when it comes to starting a business such as stone quarry business.

No doubt raising start – up capital for a business might not come cheap, but it is a task that an entrepreneur must go through.

Joseph Ileaboya & Sons Stone Quarry Company is a family business that is owned and financed by Mr. Joseph Ileaboya and his immediate family members. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

These are the areas we intend generating our start – up capital;

• Generate part of the start – up capital from personal savings and sell of stocks
• Source for soft loans from family members and friends
• Apply for loan from my Bank

N.B: We have been able to generate about N500,000 (Personal savings N400,000 and soft loan from family members N100,000) and we are at the final stages of obtaining a loan facility of N1.5 million from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Joseph Ileaboya & Sons Stone Quarry Company is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to retail our products a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Joseph Ileaboya & Sons Stone Quarry Company will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

• Business Name Availability Check:>Completed
• Business Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Leasing of a facility and renovating the facility as well: In Progress
• Conducting Feasibility Studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• writing of business plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Purchase of the needed stone quarry machines and equipment, furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party / launching party planning: In Progress
• Establishing business relationship with construction companies, contractors and other stakeholders in the construction cum building industry: In Progress
• Purchase of tippers and delivery trucks: Completed

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• Business Plan on Quarry Executive Summary

Business Plan on Quarry Executive Summary in Nigeria

Introduction.

As an aspiring entrepreneur with an interest in the construction cum building industry who is looking towards starting a business, one of your best options in making a launch into the industry is to start a stone quarry business. This business does pretty well in some parts of the world and wouldn’t do well in others. In Nigeria for instance; Part of what you would need to launch this type of business is your mining license, your excavating, stone crushing and selection machines, trucks cum tippers and employees.

A stone quarry business isn’t a child’s play at all as it requires that you area armed with all the basic knowledge about the industry and how you plan to run your Quarry company. In as much as people can start this business at a local level on a small scale, it will be a wise decision to write a good business plan document- especially if you choose to start the business on a large scale and as a standard business that can employ more than a handful of people.

NCS Quarry produces and sells types and grades of gravel to public and private customers in Abuja and its surrounding State. We are into extraction of primary aggregates like sand and gravel, or hard rock. We are a very promising start up, and in just two months of operation, we operated at a profit of over 10million naira in sales selling over 2000 tons of gravel products.

The Company

NCS Quarry manufactures numerous types of gravel products from base rock.  These products are 3/4″ and 3″ ABC, 3/8″, 1/2″, 3/4″ 1-11/2″ screened and washed rock, 1″-3″ cobble, and 4″-6″ cobble. In addition, we provide, pre-washed sand, fill dirt, topsoil, bedding materials and crusher fines, along with various sizes of boulders.  These products are sold to municipalities, business entities and end users in all the regions of our factory base, with much concentration around Abuja.

We rent a quarry site in a locally owned gravel pit in Kabusa, of over 15 years in FCT Abuja.  We have greatly expanded the base of customers in the last three months.

To become the largest, most patronized Quarry Company in Nigeria.

• Our aim is to ensure we are providing the most up to date industry requirements in terms of both production and quality.
• We communicate our commitment to quality and customer appreciation through outstanding product quality, personal service and efficient delivery. Our commitment to our customers is reflected through honest and responsible business practices.
• Establish strategic working relationships with the major gravel and asphalt users in the region.
• Develop initial sales of 45.5k tons of gravels, resulting in first year sales of N122, 850, 000.
• To drive awareness and drive sales through referrals and word of mouth campaign.
• Continue to develop strategic working relationships with the 10-15 major institutional users.
• Continue to exploit the weakness inherent in the major area competitors to increase our presence in the local market area.
• Increase Sales over a three-year period to 77,000 tons per year.

KEYS TO SUCCESS

The keys to success for NCS Quarry, Inc.:

• Establishing and maintaining working relationships and contractual agreements with municipality and business sector clients.
• Increasing our facility to maximum production within the next three years.
• Continuing our position as a customer-service-oriented company with competitive pricing.
• Increasing our profit margins and decreasing our production costs.
• Developing a presence in the asphalt market with area users.

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Products and Services

NCS Quarry Inc. deals exclusively in providing gravel and gravel-related products, including but not limited to the following:

3/4″ ABC, 3″ ABC, 3/8″ screened and washed rock, 1/2″ screened and washed rock, 3/4″ screened and washed rock, 1-11/2″ screened and washed rock, 1″-3″ cobble, 4″-6″ cobble, Pre-washed sand, Fill dirt, Topsoil, Bedding materials, Crusher fines, Boulders–various sizes

The company provides consulting and products.  Customers can either provide their own trucks for products, or the company will deliver for a fee.  Our standard average delivery fee is N15, 000 within Abuja with maximum related expenses of N8,000.  The only product costs will be associated with production.  Our company trucks can’t handle all deliveries, so our trucking is subcontracted to independent trucking companies.

In addition, we plan to provide SX grade asphalt.

The market for asphalt, gravel and gravel-related products has grown at a steady rate for the past seven years, and shows no signs of abating. There are trends toward both more institutional and private road development and more private end-user interest in quality and customer service. The market in construction products has grown at 12% per year for the past three years, and is projected to increase.  More important is the increased need for road-related products.  With an almost 45% population increase in Abuja in the last 10 years, it is estimated that over 40% of existing country roads will require maintenance in the next four years while 35% of roads are under construction. Likewise the massive building structures being erected in this region on monthly basis are a trigger for investors in this field.

Competition

The terrain of our business area is a region where “Word-of-Mouth” endorsements are unusually important. Most private end-user customers seem to choose their provider based on quick delivery, friendliness and customer service. Business and construction-related users choose based on the establishment of a mutually beneficial and trustworthy relationship.

Management Team

Desmond Elliot – President, owner of an excavating, landscaping, trucking and road grading business, He has extensive experience in all phases of gravel and rock hauling, production and industry practices. He oversees operations of the corporation, and additionally, is a major consumer of plant products.  He also will be a consumer of asphalt products.

Ifeanyiachukwu Igbokwe – Vice-president, sales and marketing, educated in natural resources management, and with extensive customer-service experience, He focuses on developing public accounts.

Mr Orisafemi Kush – Production, Mr. Femi has many years of crusher and asphalt-related experience.

Jackson Jumat – Delivery, Mr. Jumat has been instrumental in developing a revolutionary delivery plan to save money for our customers, as well as increase revenues for our trucking division.

Nathaniel Kush – Administration, He is responsible for the day-to-day company operation, as well as coordinating all the departments.

Mr Jude Okon– (B. Agric., MBA, and PMP): He has over 15 years’ experience in business management, business start-up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.

Financial Considerations

NCS Quarry seeks N300 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital.

Funding for the launch of the business will be provided primarily by equity from the partners and investors.

Our market survey and research shows that NCS Quarry holds the promise of reaching positive cash flow in its 7th month of operation. The advantage of this, is the provision it makes for accelerated repayment of its loan obligations, as well as for dividends to be paid to the owners.

Revenue is expected to amount to N120,000,000 and profit N90,000,000 in our first year of operation.

Getting this comprehensive business plan COST ₦8,000. For more details, whatsapp: 08137981072

What will be needed from you after payment is:

• Your location/State
• One or two details from you depending on the purpose you’re using the business plan for

CLICK HERE FOR MORE BUSINESS PLAN

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Nigerian Queries

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• Business Ideas

Quarry Business In Nigeria: Guide On How To Start (2024)

by Oluchi Chukwu

Last updated on August 3rd, 2023 at 12:11 am

Do you have money to invest? Then Quarry business might be one of the profitable idea you can venture into.

For those that might not know what a quarry and quarrying business is, a quarry is simply a site where stones, limestones or slate and even sand is excavated from.

Quarrying is simply the act of mining this mineral from the ground. With the population of the country and the numerous construction companies found in it each having projects to execute, then being an agent providing raw materials for them will make you a lot of money.

TABLE OF CONTENTS

Do you know Dangote is also into this business? and it is the bedrock of his cement factory? You can now see how profitable quarry business is in Nigeria.

However, being profitable does not mean you should jump into it so that you don’t jump out of it. This business is capital intensive and if you don’t have enough, it is best to venture into it as a middleman.

As a middleman, you just need to link quarry business owners and those in need of it product and get paid. However, being a quarry site owner pays more and if you have money to invest, it is best to venture into it.

Follow the steps below to start your own quarry business in Nigeria.

Draw up business plan

This should be the first step as you would need a quarry business plan to start with. Drawing a business plan on this granite or rocky venture helps you to know the direction the business will go.

For example, the granite quarry business plan should outline the needs of the business, how profit would be made, equipment to purchase, whether it would require loan or grants, and so on.

Get required capital

This venture is a capital intensive business. Infact, it would cost you millions of naira to start this business. If you know that you cannot afford the capital needed in starting of this quarry business, you can take a loan from the bank.

This is the only source we believe can fetch you the desired money you would need to kick start unless you have the money already.

Site Selection

The next step after having the required capital for the business is for you to select a suitable location for your business. As you should know already, this entail quarrying of minerals which are not found everywhere so you need to either buy or rent a site that has the required mineral you want to excavate and sell.

If you want to deal in limestone then getting a site with just rocks that are not limestones is a waste. You might decide to rent it since after excavating what you are after, the site becomes useless.

Register Your Quarry Business

Your business need to be registered to be legal in Nigeria and for a quarry business since you deal with mineral resources, the law is stricter on it as a result of the government interest in it.

You need to register your business with the Corporate Affairs Commission (CAC) as well as the Federal Ministry of Solid Minerals. Depending on the state your business is located, you need to register with several other bodies.

Purchase Equipment For Your Business And Securing Labour

To some, they prefer doing this step before even registering their business. whichever step you follow is ok but you need to secure the equipment and also know that equipment are expensive.

You can decide to lease them. It is important to note that the equipment you should secure depend on the fund at hand, type of operation and mineral to be excavated. Generally, for a granite quarry, you will need an excavator, granite crusher, pay loader, dump trucks aka tipper. For a sand quarry, you need just an excavator and a tipper.

After securing equipment, you need to employ workers to help with work on site such as those that will operates the machines, those doing the manual labour and those involved in administrative task. Just know that team work is a key in this business.

Advertisement And Marketing

Just starting a quarry business does not mean customers will come knocking. In fact, just know now that most people that will be in need of your products already have suppliers and you need your marketing skills to break through but with determination and letting people know of your business existence, you will make it in this business.

Oluchi Chukwu

Oluchi is a seasoned Information blogger, content developer and the editor of Nigerian Queries. She is a tech enthusiast who loves reading, writing and research

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Mzintlava Quarry BUSINESS PLAN

Document uploaded to demonstrate efforts of women in male dominated industry. Support may enhance this woman's quest to contribute to economic growth of the rural area utilizing local resources.

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Journal of Applied Business Research (JABR)

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victor munnik

The Waterberg is punted as South Africa’s next coal frontier by industry and government. It has already seen two rounds of boom and bust driven by mega projects. The first was in the 1980s when the original Grootegeluk mine and the very large Matimba power station were constructed. The second boom kicked off in 2007 with a major expansion of Grootegeluk, to create one of the largest open cast mines in the world, and the construction of Medupi – advertised by Eskom as the fourth biggest power station in the world. It is also the biggest threat to Eskom’s future and to the national economy. These mega projects have reshaped the Waterberg. The first turned the remote apartheid village of Ellisras into a town, now called Lephalale, of fragmented parts. The second initiated a dream of creating South Africa’s ‘first democratic city’. But the boom tore into the local social fabric, benefitting the rich at the cost of the poor and entrenching brutally unequal gender relations. The bust is now compounding the ill effects. Meanwhile, the Mokolo River has been irreversibly damaged and the air is heavily polluted. A third boom is now hoped for. The coal bosses dream of ripping out hundreds of square kilometres of the delicate bushveld while government aims to “unlock the mineral wealth of the Waterberg” by delivering Gauteng’s sewer water to this arid area and massively expanding the coal line from Lephalale to the Highveld and on to Richards Bay for export. For this, they must ignore air and water pollution; pretend that climate change is small change; and maintain ignorance of the impacts on people. This report argues that coal’s next frontier looks more like coal’s last ditch. It is facing stiff resistance on a battlefield for our energy future and its own positions are crumbling. Another energy future is necessary as a matter of survival and requires a rapid phase out of coal and a just transition to people’s power and a more equal society.

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How to start a stone quarry business in Nigeria

Looking for a guide on how to start a stone quarry business in Nigeria with a business plan to boot alongside?

Starting a stone quarry business in Nigeria requires careful planning and consideration. Here are the steps to follow to start a successful stone quarry business in Nigeria:

• Conduct Market Research: The first step is to conduct market research to determine the demand for stone quarry products in the area you intend to operate. This will help you determine the size of the market and potential competition.
• Choose a Location: Choose a location that is easily accessible to the market and has a good supply of quality stone materials.
• Secure Funding: Stone quarry businesses require significant funding for equipment, labor, and operational expenses. You can secure funding through bank loans, investors, or personal savings.
• Obtain Licenses and Permits: Obtain all the necessary licenses and permits required to operate a stone quarry business in Nigeria. This includes a mining lease, environmental permit, and land-use permit.
• Purchase Equipment: Purchase the necessary equipment for the quarry operation, such as excavators, loaders, crushers, and conveyor belts.
• Hire Employees: Hire experienced and skilled employees to operate and manage the quarry, such as geologists, miners, machine operators, and administrative staff.
• Develop a Marketing Strategy: Develop a marketing strategy to promote your quarry products and services to potential customers. This can include advertising, attending trade shows and industry events, and networking with industry professionals.
• Establish Relationships with Suppliers: Establish relationships with suppliers of raw materials, such as cement and sand, to ensure a steady supply of materials for your quarry operation.
• Implement Safety Measures: Implement strict safety measures to ensure the safety of your employees and the environment. This includes providing safety equipment, regular training, and maintaining a safe work environment.

Starting a stone quarry business in Nigeria can be challenging, but with careful planning, hard work, and dedication, it can be a profitable venture.

How Much Does it Cost to Start a Quarry in Nigeria

The cost of starting a quarry in Nigeria depends on the size of the quarry, the location, and the equipment and materials required. Here is an estimated cost breakdown:

• Land acquisition – N10,000,000 – N15,000,000 The first step is to purchase or lease land where the quarry will be located. The cost of land acquisition can vary depending on the location and size of the land.
• Mining Lease – N5,000,000 – N10,000,000 To legally operate a quarry in Nigeria, you need a mining lease from the Mining Cadastre Office. The cost of obtaining a mining lease can vary depending on the size of the quarry and the duration of the lease.
• Equipment – N20,000,000 – N40,000,000 The cost of equipment depends on the type and size of the quarry operation. You will need excavators, loaders, crushers, conveyor belts, and other equipment for the quarry operation.
• Labor – N5,000,000 – N10,000,000 per year The cost of labor depends on the number of employees and their salaries. You will need skilled and experienced workers such as geologists, miners, machine operators, and administrative staff to operate and manage the quarry.
• Operational Expenses – N5,000,000 – N10,000,000 per year This includes expenses such as fuel, maintenance, repairs, insurance, and administrative costs.
• Marketing and Advertising – N5,000,000 – N10,000,000 per year To promote your quarry products and services, you will need to invest in marketing and advertising, which can include attending trade shows, advertising, and networking.

Overall, the cost of starting a quarry in Nigeria can range from N50,000,000 to N100,000,000 or more. This is a significant investment, but if managed properly, a quarry can be a profitable business that provides a steady income. It is essential to conduct proper market research and seek professional advice before embarking on this venture.

Now that you know How to start a stone quarry business in Nigeria, are you ready to get a business plan to kickstart operations?

How To Download The Complete Granite Stone Crushing Business Plan Template

Above is a part of the Quarry granite stone business plan template in Nigerian. If you want the complete business plan with the full financial plan, calculations and more, follow the procedures to download it. 

Pay the sum of N8000  ( Eight thousand naira only)  to the account detail below: Bank: GTBank Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us) Ac/No: 0238933625 Type: Saving

Thereafter, send us your email address through text message to  +234 701 754 2853 .  The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the granite stone crushing business plan in Nigeria to your email address where you can easily download it.

Dr. Abi Demi is a skilled technical writer and author with specialties in the martech and fintech space. Featured on Tekedia, Coin Review, Business Insider, Fintechna, Cryptocoin.news, Date 360 and several other sterling online publications, Demi is an astute technical writer that specializes in finance, marketing and technology - with over 500 published pieces across the internet ecosystem. Contact Abi Demi - [email protected]

DOWNLOAD EVENT MANAGEMENT BUSINESS PLAN

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I have link for a quarry business, there are many rocks ( igneous) even neglected quarry sites in my home town. Please if you have any link you can contact me for business.

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