Establish a transport business in northern Nigeria
Fri, 16 May 2008 10:21

Region
Nigeria
Sokoto

Sector
Automobiles
Travel and Leisure

Summary:
Local and foreign investors have the opportunity to operate an inter and intra city transport business in Sokoto State.
Contact
Nasir Shehu Zarummai

Email
zarummai@yahoo.com

Description

The Sokoto State Government is offering investors the opportunity to invest in an inter and intra city transport business.

A transport business is capable of attracting revenue by utilising either used or brand new vehicles:

USED VEHICLE - 10 seater bus

Projected monthly cash flow:

Period: 28 days

Gross daily return: N10 000
Gross monthly return (10 000 x 28): N280 000

Total monthly expenses: N73 500

Net monthly turnover (280 000 – 73 500): N206 500

 

BRAND NEW VEHICLE - 50 seater bus

Projected monthly cash flow:

Period: 28 days

Gross daily return: N30 000
Gross monthly return (N30 000 x 28): N840 000

Total monthly expenses: N135 000

Net monthly turnover (N840 000 - N135 000): N705 000

Additional expenses:

  • 4% of the monthly balance will have to be paid to the National Union of Road Transport Workers.
  • N2 000 monthly gate fee at the airport
  • Insurance premiums
  • Investors interested in this opportunity should contact:

    Office of the Executive Governor, Sokoto State
    Contact: Nasir Shehu Zarummai
    Email: zarummai@yahoo.com

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