They are to disappear from major highways. Medium and high-capacity buses are replacing them. YEARS after the idea was mooted, the popular intra-city yellow commercial buses are to be restricted from plying major roads in Lagos. The minibuses, known in Lagos parlance as Danfo, will henceforth render feeder services from the suburbs to designated bus termini nearest to their areas of operatiions.
Transportation business is a profit making business in Nigeria. It is so important to the extent that anyone who is being restricted to move, either by nature or conviction, is assumed to be among people having a disability in the world.
In this modern day, the existence of different kinds of vehicles has improved transportation and transportation business tremendously. How Profitable is Transportation Business in Nigeria?
A transport business is that business that has something transport business plan in nigeria newspapers mind — how to meet the demands of commuters.
This demand can only be met by a good supply of transport vehicles which leads to service provision.
Aside that, this part of the world really needs trust and integrity to carry out a business successfully without any hitch.
Hence, transportation business goes beyond provision of buses, you will also need a trusted competent team to make the business successful. A transport business can be costly and attention-seeking especially when you consider all the components needed to start the business but the profit you get at the end of the day is always worth it.
Consider this example; you move 14 passengers from Lagos to Anambra at the rate of Nthat will give you a whooping sum of 84, for a trip. If a trip takes about 6 hours, then you can make a minimum of 3 trips per day; do the arithmetic!
Now, imagine making millions per month in a hitch free manner. It is a business that many people in the country are in need of. You can start this business anywhere in the country, either in the rural or the urban centres.
All you need is people. It is advisable to operate long-distance travels which will take people to far areas. This will fetch you more money than short-distance travels. For instance, transporting people from Lagos to Abuja is more productive than running the business within a town or city.
Necessary Feasibility Studies Before you venture into this business fully, ensure that you, first of all, do a good feasibility study. This will make you know the government policy of each state of the federation. Additionally, you will get to know the cost of living.
Business Structure There are different ways in which you can run this transportation business in Nigeria. You can run the business with a bus which takes people from one place to the other within and outside your region.
Give your transportation business a leg up on the competition by writing a winning business plan. Get a head start by checking out these sample business plans for the airline and aviation industry, trucking, freight, taxi and limousine services. After many years of being a major means of public transportation for Lagosians, the yellow minibuses are set to pull the brakes – for good. They are to disappear from major highways. The scope in the transport and logistics industry is varied – from a one-man show using a small truck to transport goods and offer services, to a fleet of transport vehicles which travel the length and breadth of South Africa’s roads.
Where you have enough money to buy more vehicles, you can diversify the business. You can buy trucks, lorries and more buses and lease them out for those who need them for the transportation services in Nigeria. Location and Vehicles You need to get a good location to do this business efficiently.
It should be near the road and close to high human and vehicular traffic. Get an open space where your clients will be able to easily locate you and patronize your business. You also need at least one functional car to commence and successfully run this business.
Are still afraid of investing in the business? There is no need for any anxiety. Consider the following advantages to whet your appetite for the business: Transportation business is lucrative because it is service you render for the people.
You charge any amount of money you desire from your clients and continue growing rich every day. Due to the fact that this job is yours, you are free from any insults, queries, quarrels etc.
You are your own boss.Create your own business plan Business planning has never been easier.
With complete sample plans, easy financials, and access anywhere, LivePlan turns your great idea into a great plan for success. Give your transportation business a leg up on the competition by writing a winning business plan.
Get a head start by checking out these sample business plans for the airline and aviation industry, trucking, freight, taxi and limousine services. The scope in the transport and logistics industry is varied – from a one-man show using a small truck to transport goods and offer services, to a fleet of transport vehicles which travel the length and breadth of South Africa’s roads.
ABC Transport PLC has taken transport management to the next level and is widely regarded as the best transport company in Nigeria, raking millions of naira on daily bases from their operation throughout Nigeria and West Africa.
REASONS WHY TRANSPORTATION BUSINESS IS LUCRATIVE. You might be asking; “Henry, why should I start a transportation business here in Nigeria? Won’t I fail?” Well, there are tons of reasons any you should consider this line of business. Remember In Nigeria, we have three means of transportation which is Air, Water and Land.
Aug 02, · Business Plan Set clear goals and objectives for profits by listing fares and anticipated market locations.
Itemize expenses, such as labor, vehicles, insurance, fuel and maintenance.