In this article, I will give you the breakdown of the capital needed to set up a petrol station in Nigeria. I earlier published an article on the how to own a petrol filling station in Nigeria. In that article, we outline the various steps you will need to register and kick-start your filling station business.
Before you start a petrol filling station, you need to know the estimated amount that will be needed to complete the task considering the cost of living in Nigeria. Today, we want to give the full break capital needed to set up a petrol station in Nigeria.
Please note that this breakdown is just an estimate. What I mean is that the amount stated here may be more or less than the real amount you will spend if you are setting up a new filling station.
Please confirm and crosscheck the prices before you make any financial transactions with anybody.
Capital Needed to Set Up a Petrol Station in Nigeria
Here are the basic things you need and their prices;
In total, you should hold nothing less than 55 Million naira (rough estimate). This amount may be increased or reduced depending on your accessibility to materials and bargaining power.
Please if you are looking for the capital needed to set up a petrol station in Nigeria, you are advised to contact any trusted filling station owner. Liaise with him/her about the general cost.
In fact, you need to hire a consultant if you are totally new in this field. This will help you to stay away from unnecessary mistakes.
If you have any question, let us know in the comments sections below. We will answer them as soon as possible.
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