Gas plant business

[Chibson]

Gas plant business is a very profitable business here in Nigeria. a low income earner or someone who is not reach cannot venture into such business because those who own gas plants are multi-millionaires. I also know a guy who deals in filling gas cylinders he has a small kiosk where he sells gas of course he makes a lot of profit but he's not a millionaire.

 

[MercySmith]

Maybe what you mean by gas plant is what we call here as gas station where vehicles go for buying fuel for their gas tank. A close friend just quit his gas station business with big losses incurred. The rental of the place is 100k pesos (around $2k) per month. Add to that the overhead of salaries, water, electricity and communication utilities, the station should be selling a lot. But customers are few and far between. However, having a gas station where there is no competition would be ideal.

 

[Abisola]

Starting a mini cooking gas plant maybe ideal if you have a petrol station that meets DPR requirement you can use. Your turnover for this business is usually high if you market it well. However, make sure it's strategically located, if not the purpose would have been defeated as well.

 

[Adventurer]

Like oil ,gas is also very important and valuable in all countries. We can see there are many gas plants in all cities,towns and even in villages . And we can see that there is alot of people on the plants who buy gas for their vehicles.

So do you think this business can give it's investor good profit?

Very good profit and no matter how saturated the business is you'll always have patronage, because gas is an essential commodity and almost every house uses it, but in my country gas is mainly used for cooking.

 

[MercySmith]

Gas plant business is a lucrative business that will require meeting some security standard before starting up. Many people are entering into the business on a steady state. Capital cost may be high and prevent a lot of person from going into this line of business.

 

[Abisola]

Starting a mini cooking gas plant maybe ideal if you have a petrol station that meets DPR requirement you can use. Your turnover for this business is usually high if you market it well. However, make sure it's strategically located, if not the purpose would have been defeated as well.

 

[Olahab]

Starting a mini cooking gas plant maybe ideal if you have a petrol station that meets DPR requirement you can use. Your turnover for this business is usually high if you market it well. However, make sure it's strategically located, if not the purpose would have been defeated as well.

 

[Blessedsam60]

Having a gas plant business is very lucrative as people are now in so much need of gas as a substitute for other fuels to power their house utensils, company, energy consuming machines and other things that uses gas.

 

[Luckboy]

Yes gas plants business is profitable and lucrative
Most houses in Nigeria own minor power generating plants (generators) that are sometimes used all day to power their homes and stand in the place of electricity supply. It is no exaggeration that most of these millions of generators used in the country run on either petrol or diesel. The Industries, Businesses, Schools, Hospitals, Religious Institutions and in fact everything in Nigeria depends on power generated privately from petroleum products consuming sets

 

[KvngMurphy]

I've heard people say a gas plant business is almost as lucrative as a fueling station business. I know gas became expensive bat a point but if it still was beneficial bro them ai wouldn't know but one thing is certain, getting a good location for any business makes it stands out and flourish

 

[summan]

Also, only a minimum size of 100 by 100 square feet of land space DPR can approve for the cooking gas plant setup. That’s at least a plot of Land. Although in some states you will require two plots of land to get an equivalent land size to match the DPR requirement.

 

[tuna89]

The oil and gas business is a very lucrative one and cañ either be large scale or medium scale and requires huge capitals but you can always start small as regards sales of gas in retail via a gas station, you can as well deal in the sales of engine oil which is used in vehicles ,the above options are less capital-intensive and can be easily managed ,as Time Goes On you can improve much more on the business.

 

[Alihaider]

When it comes to construction costs, most of it comes from equipment imported from Europe and the United States, but in recent years, a large amount has come from Asia and is valued at about N N250 million (USD820). , 347) falls for everything.

 

[Dubai]

Like oil ,gas is also very important and valuable in all countries. We can see there are many gas plants in all cities,towns and even in villages . And we can see that there is alot of people on the plants who buy gas for their vehicles.

So do you think this business can give it's investor good profit?

The gas business is a capital intensive one. And yes, it is very lucrative in you are involved in it on a large scale. But you will need to have about $5000 to go into it fully. So, if you decide to invest in it, be ready to spend in the beginning while the running cost is quite less.

 

[Erik4150]

Yes it is a good business. There are a lot of gas stations in the urban cities because most households in the cities use gas to cook. But you will require some capital for this business and you need to get a license or permit to operate a gas station.

 

[Adexgrace]

Most houses now uses gas cooker to cook their foods, so anyone who opens a gas plant is surely going to make lots of profit and such person has made a very good decision. Especially if It is in an urban area.

 

[Achawaskey]

Yes it can, in as much as you maintain the safety aspect of it. The location matters a lot and obtaining the necessary papers that will allow you to operated gas plant. The operators should be trained on how to fight fire.

 

[Nicklas22]

It's a very lucrative business when you're in the right location
If you build your store in a place where there is no gas plant
Then you will have many people that will patronize you

 

[Ebensco]

gas plant business is a very good and profitable business, it requires a very large amount of capital to build and own a gas plant but it's really profitable. The location is an important thing to consider too it must not be too exposes and it must be secured

 

[Sariana23]

Yes I think they are very good profits, since gas or gasoline is necessary for all the people who have cars and that is a great amount. The sales sites in my country are huge, there are up to two per block. The important thing is to have the right place, the documents in order and of course the capital.