Description
The Sokoto State Government is offering investors the opportunity to invest in the upgrading and running of the overnight car park at the airport.
The park currently enjoys low patronage because it is not covered and therefore exposed to the elements.
Investment opportunity
The estimated cost of upgrading the car park is around N2 000 000.
Projected cash flow
Period: 28 days
Estimated number of cars daily: 6
Current Rate: N400 a day
Estimated daily return: N2 400
Estimated monthly return: N67 200
Estimated annual return: N806 400
The above forecast is for the current rate of N400 per night. It should be noted that much more than this can be realised after the upgrading.
Market
Sokoto State has a population of close to 4 million. Arik Air operates five flights a week to Sokoto and Virgin Nigeria has four flights a week. This is in addition to other smaller aircrafts making use of the airport.
Investors interested in this opportunity should contact:
Office of the Executive Governor, Sokoto State
Contact: Nasir Shehu Zarummai
Email: zarummai@yahoo.com
