dump truck business plan in nigeria

Dump Truck Business in Nigeria: Opportunities, Challenges, and Success Strategies

Originally haulage was the process of transporting materials from one place to another either by road or rail.

However being as it may, the only efficient means of hauling presently is by road hence the need for haulage vehicles like dump trucks, tankers, trailers, and pickup vans. 

Table of Contents

The dump truck business in nigeria is very profitable due to the ever-increasing demand for them., daily you can barely count their numbers on the road. .

In this article, our main focus is the dump truck business in Nigeria popularly known as tipper trucks. In Nigeria, dump trucks are used majorly in the construction sector, for the transporting and distribution of granite from quarry sites, sand from rivers, asphalts for road construction, and as well construction equipment, machinery, and materials.

There is no limit to the amount of materials it can haul, it all depends on the size of the tipper truck being procured. 

Is the Dump Truck Business in Nigeria Profitable

Tipper haulage is a highly profitable venture in Nigeria especially now that Nigeria is capitalizing on infrastructural development: Bridges, Dams, Harbors, Estates, complexes, roads, and residential buildings.

We now have private companies taking up the baton and contributing to the infrastructural development of the country. This has spurred the need for construction materials across construction sites. And there is no efficient way to carry the materials other than haulage trucks, mainly dump trucks. 

While the need for infrastructural development has carved out the niche of the tipper business, you can still engage secondarily in hauling other products such as metal Scrap, waste, farm products, and other bulky materials. 

Mode of Operating the Dump Truck Business in Nigeria

There are modes of operating  in the dump truck business in Nigeria:

Independent haulage:  

In this mode of operation, you are responsible for all the daily activities of your business. You are responsible for employing drivers, sourcing for customers, and general maintenance.

The only downside of this operation is the stress of managing the business,  and it also needs much effort to get good contracts.

If you know you cannot monitor your trucks full time never send your truck to an individual, rather a third party company,  agency, or association so they can help monitor and keep track of the drivers

Contractor/subcontractor:

This is a form of alliance where you entrust your haulage vehicles to the care of a viable company (haulage agent).

This company will be in charge of your dump trucks, drivers, and the overall maintenance of the business. You don’t need to stress yourself,  you sit back and earn while the company handles your business. 

This is very similar to a subcontractor but with a few differences. Unlike in subcontractor where the company handles all the daily expenses, in leasing, the company handles the working aspect of the business while you are behind the scenes financing their daily expenses.

In return, you get paid an agreed percentage daily, weekly or monthly.

Factors Influencing Operating Cost of Dump Truck Business in Nigeria. 

Numerous factors contribute to the operating costs of dump trucks and these factors are linked; one influences the other.

For instance, the cost of fueling is a factor, however, this is vastly influenced by another factor which is bad road conditions.

The more dilapidated the road is, the higher the fuel consumption rate. 

#1. Driver’s habits:

Drivers are the major challenges most haulage businesses face. Driving requires skillfulness, concentration, and focus. Anything short of these could spell doom for the business.

Imagine your truck drivers running over people daily due to their reckless driving which is at times influenced by alcohol or drugs.  

A safe and economical driving style can reduce the costs of fuel and maintenance. Also, some drivers could use the allotted fuel inefficiently by using the trucks to run a side gig under your nose, in which at the end of the day, you spend more than you earn.

A bad driver with a cunning mechanic by his side can be a nightmare for your dump truck business, so take heed.  

#2. High cost of fuelling:

The cost of fuelling accounts for almost 40% of the total operating cost of dump trucks; one could only imagine the amount spent daily. The consumption rate of fuels depends solely on speed, acceleration, and distance. 

#3. Maintenance:

Regular maintenance is crucial to ensure the safety, efficiency, and longevity of the tipper trucks. Delayed maintenance can result in the breakdown of trucks which could even lead to deadly and destructive accidents. 

The essential area that needs regular maintenance includes the tire, engine, brake system, electrical system, cooling system, and any other maintenance that is very vital to the efficiency and safety of the trucks. 

#4. Road network:

Bad roads can greatly influence the cost of running a dump truck business. This single challenge can well influence other factors.

Bad roads can increase the consumption rate of fuel and also lead to the damage of vital spare parts. Another problem is the heavy traffic, which could lead to the delayed delivery of materials.

#5. Tax/Levy:  

Tax and road levies are being imposed on the dump truck business in Nigeria. In the dump truck business, you get to pay tax monthly, and also, some bodies do place a toll along the roads where they collect specific amounts per trip based on the tons of loads carried. 

Choosing The Best Dump Truck (Head)

There are many assortments of dump trucks commonly used in Nigeria, such as IVECO, SINOTRUCK, MACK, HOWO, DAF, AND MAN Diesel. Truck heads such as MACK, DAF, and MAN Diesel are only available on a secondhand basis while the rest can be bought brand new.

From the interview session, we had with one certified trailer mechanic, strongly advised that we consider MACK, DAF, and MAN diesel, due to their durability, longevity, and ability to withstand more stress than the others.

However, he further recommends IVECO as the best next option if one insists on getting brand-new ones.

Things to Consider Before Buying a Dump Truck (trailer) Head. 

#1. availability of spare parts:.

You need to buy trucks whose spare parts are easy to get when replacement is needed. Some of these trucks are not commonly used in Nigeria hence spare parts need to be ordered from China.

So popularly used products save you the stress of spare part replacements. 

#2. Engine:  

In Nigeria,  trucks are typed with grade A and fairly used. Grade A is the best because they are from foreign countries where they undergo less work and are still intact compared to fairly used ones already used by Nigerians which portholes might have dealt with. 

#3. Tonnage:

It’s important to consider the truck’s tonnage. The higher the tonnage, the more materials the truck can carry in one trip.

Also, purchasing the right tonnage is very important for avoiding damages(due to heavy loads) to the truck, such as the brakes and suspension. For tonnage, you can check the truck specifications before making a purchase

#4. Cost of maintenance:

You need to factor in the cost of maintenance, and choose a truck with a low cost of maintenance that can still deliver as expected. 

#5. Number of tires:

Trucks with more tires improve the efficiency of the truck, it can increase the truck’s load capacity and improve the maneuverability of the truck. However, more tires signify more costs and heightened maintenance as there will be more parts to be serviced and replaced. 

#6. Ease of repair and maintenance:

You need to check how easy it is for mechanics To repair and maintain the truck.  

#7. First-hand review:

Look for anyone who has experience with trucks or preferably use online platforms where people who bought trucks drop reviews,  so you can learn all there is to know about the kind of truck you ought and ought not purchase. 

Recommendations: How to Buy a Business in Nigeria: 12 Comprehensive and Practical Guide

Step-by-Step Guide on How to Start a Dump Truck Business in Nigeria

Before starting a dump truck business in Nigeria there are certain procedures to follow to avoid unnecessary mistakes and hassle. Let’s begin.

#1. Research:  

Every business starts with an idea, so to build upon this idea you are advised to make notes of what you want your business to look like, the working system, and the profit structure.

You have to stand on a platform where you can see the fate of your dump truck business in the next 10 years and that platform is research, which we believe is your purpose on this page. 

#2. Business plan:

This plan contains everything that involves the business like vision, mission, goal, financial analysis, market and product research, and generally any details that validate the operation of the tipper business.

While you can draft out this business plan yourself; it’s however advisable to send words to professionals regarding how you want the plan to be sketched.

#3. Competitor analysis:

Before starting a tipper truck business you should conduct a brief research about your competitors, majorly those offering the same service as yours and also doing great at it.

You should look out for who your competitors are, their customers, their channel of distribution, expenses, down to how much they make.  You can even take it further by looking for their weak points, the part which they slack then take advantage of that by learning from their mistakes.

#4. Market analysis:

This entails checking which type of hauling is in high demand. For example, Abuja is the capital of Nigeria with a heavy concentration of construction companies.

You can decide to venture into hauling construction materials such as sand, gravel, granite, scrap materials, machinery,  and the like. 

#5. Capital:

The tipper truck business is a capital-intensive venture that requires no small capital to begin.

As part of the research process we earlier discussed, you are expected to factor in the cost of starting the business, the cost of maintenance, the cost of obtaining a license, the cost of employing skilled workers, and other miscellaneous.

However, you should also know that your start-up capital depends on the area of specialization you have decided upon.

Let’s say you decided to specialize in the hauling of construction machinery.  The best thing to do is to conduct a bit of research regarding the type of tipper truck needed, the cost of maintenance, the cost of fuel or diesel, etc.

The endpoint of the research will determine the capital needed to start the business. 

#6. Registration/paperwork:

Virtually every business in Nigeria is registered in one association or another. You can’t be an island, it’s either you register with these organizations or cease working within their reach because they will hunt you down wherever you are, and this could negatively impact your business.

Besides, joining these organizations is at its best very advantageous when it comes to putting your business at the forefront of productivity.  

The most common of these unions is the Nigerian Union of Road Transport Workers ( NURTW ). It’s a big umbrella body that regulates the activities of all transport and logistics activities within Nigeria.

This comes first, other unions are major subsidiaries compared to NURTW . To be on the safer side, you will want to do research by asking those in the business about the best and most effective association to register with. 

#7. Operation license

This includes all necessary licenses needed to operate the tipper truck business.

It’s also recommended to register your business with the Corporate Affairs Commission ( CAC ), all you need is a unique and catchy business name for your haulage business and a few other details.

You even need to be registered with the quarry site where you intend to source the materials from. 

To wrap it up, the Dump truck business is a capital-intensive trade due to the high cost of haulage vehicles including the cost of maintenance and other miscellaneous.

As with all businesses, you need to keep your eyes peeled for trends and be sure to tread wisely by making informed research. Importantly, never put all your eggs in a basket, test the waters before going all out.

Even if you can purchase 100 trucks at a go, you can be wise to purchase only 3 to test the water; we call this the mouse trap method.

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How to Start a Dump Truck Business in 2024

How to Start a Dump Truck Business is one the biggest search query in Google because of the rise on demand for dump truck.

Starting a dump truck business can be a lucrative venture in Nigeria, UK, or USA, but it requires careful planning, research, and execution.

As a beginner, you may be wondering where to start, what steps to take, and how to navigate the complexities of this industry.

In this guide, we will take you by the hand and walk you through the process of starting a dump truck business in Nigeria, UK, or USA.

We will cover everything from research and understanding the industry, to obtaining necessary licenses and permits, purchasing or leasing a dump truck, building your business structure,

developing a marketing strategy, securing insurance and financing, hiring drivers and training staff, and finally launching and growing your business.

Whether you’re in Nigeria, UK, or USA, this guide will provide you with the necessary information and resources to help you succeed in the dump truck business. So, let’s get started on this journey and turn your dreams into reality!

Step 1: Research and Understand the Industry

a.) Learn about the dump truck industry: Study the current market trends, demand, and competition. Understand the different types of dump trucks, their uses, and the industries they serve (e.g., construction, mining, waste management).

b.) Identify your target market: Determine which industries and clients you want to serve. Research their needs, preferences, and pain points to focus your services to meet their demands.

2. Obtain Necessary Licenses and Permits

a.) Get a Commercial Driver’s License (CDL): Ensure you and your drivers have a valid CDL with the necessary endorsements (e.g., Class B, hazmat).

b.) Register your business: Obtain necessary business licenses and permits (e.g., DOT number, business license, sales tax permit).

c.) Comply with regulations: Familiarize yourself with relevant laws and regulations (e.g., safety standards, environmental regulations).

3. Purchase or Lease a Dump Truck

a.) Buy or lease a reliable dump truck: Consider factors like payload capacity, fuel efficiency, maintenance costs, and safety features.

b.) Inspect and test the vehicle: Ensure the dump truck is in good condition and meets safety standards.

4. Build Your Business Structure

a.) Register your business: Choose a business structure (e.g., sole proprietorship, LLC, partnership) and register your business with the relevant authorities.

b.) Open a business bank account: Separate your personal and business finances by opening a dedicated business bank account.

c.) Get an Employer Identification Number (EIN): Obtain an EIN for tax purposes.

Step 5: Develop a Marketing Strategy

d.) Create a website: Showcase your services, fleet, and contact information.

e.) Establish a social media presence: Engage with potential clients and promote your services on platforms like Facebook, Twitter, and LinkedIn.

f.) Network and promote: Attend industry events, conferences, and trade shows to connect with potential clients and promote your services.

6. Secure Insurance and Financing

a.) Get insurance coverage: Obtain necessary insurance policies (e.g., liability, cargo, equipment) to protect your business.

b.) Explore financing options: Consider loans, leasing, or other financing options to acquire dump trucks and fund operations.

8. Hire Drivers and Train Staff

a.) Hire experienced drivers: Recruit qualified drivers with a valid CDL and relevant experience.

b.) Train staff: Provide comprehensive training on safety procedures, customer service, and operational efficiency.

8. Launch and Grow Your Business

a.) Start marketing your services: Promote your business through your website, social media, and networking efforts.

b.) Bid on jobs: Pursue contracts and projects that align with your services and target market.

c.) Continuously evaluate and improve: Monitor your operations, gather feedback, and implement improvements to ensure long-term success.

READ ALSO: How to start a Vintage T shirts business In Nigeria

By following these steps and dedicating yourself to providing excellent service, you can build a successful dump truck business.

Dump truck business plan

a.) Company Structure: Sole Proprietorship, Partnership, or Corporation

b.) Mission Statement: Define your company’s purpose and values

2.) Objectives:

Short-term goals (first year): Build a fleet of 5 dump trucks, generate $750,000 in revenue

– Long-term goals (years two and three): Expand services, increase revenue to $1 million and $1.5 million

3.) Market Analysis:

– Industry Overview: Research the demand for dump truck services in construction, landscaping, and other industries

– Target Market: Identify your ideal customers and their needs

– Market Trends: Stay up-to-date with industry developments and trends

4. Services:

– Dump truck transportation services for construction, landscaping, and other industries

– Hauling materials such as soil, sand, gravel, and debris

– Providing experienced drivers and well-maintained equipment

5. Marketing Strategy:

– Develop a website and social media presence to showcase your services and interact with customers

– Network with potential clients and industry partners to build relationships and find new opportunities

– Offer competitive pricing and flexible services to meet customer needs

– Utilize online load boards and freight matching services to find new business

6. Operations:

– Fleet Management: Maintain a fleet of well-maintained dump trucks to ensure reliable service

– Driver Management: Hire experienced drivers and provide training to ensure safety and efficiency

– Safety Protocols: Implement safety procedures to ensure driver and public safety

7. Financial Projections:

– Revenue: Estimate your annual revenue for the first three years ($750,000, $1 million, $1.5 million)

– Expenses: Calculate your annual expenses (equipment, fuel, maintenance, insurance, labor, marketing)

– Profit: Estimate your annual profit ($200,000, $350,000, $500,000)

– Summarize your business plan and goals

– Emphasize your commitment to providing reliable and efficient dump truck services.

Is a dump truck business profitable?

Yes, a dump truck business can be profitable. Here’s a practical example using a US-based man as an example:

Mr Sam a seasoned truck driver from Texas, USA. Sam started his dump truck business with one truck and a small loan.

He identified a niche in the local construction industry and focused on providing excellent service to his clients.

Here’s a breakdown of Sam’s business:

– Initial investment: $100,000 (loan) for a used dump truck

– Revenue streams:

– Construction material transportation: $50 per hour

– Debris removal: $75 per hour

– Emergency services (e.g., storm cleanup): $100 per hour

– Expenses:

– Fuel: $10,000 per month

– Maintenance: $5,000 per month

– Insurance: $3,000 per month

– Labor (driver salary): $4,000 per month

– Average monthly revenue: $30,000

– Average monthly profit: $10,000

Sam’s business is profitable because he:

1. Identified a niche market (construction industry)

2. Provided excellent service, leading to client retention and referrals

3. Managed his expenses efficiently

4. Continuously monitored and adjusted his pricing strategy

By the end of the first year, Sam’s business had grown, and he was able to:

1. Pay off his loan

2. Purchase an additional dump truck

3. Hire another driver

4. Increase his revenue to $50,000 per month.

I used mr Sam’s story to prove to you that you can also start the business and boom too.

What Types of Work Do Dump Truck Drivers Do?

Dump truck drivers transport materials such as construction supplies, dirt, sand, gravel, and other loose materials.

They operate heavy-duty trucks with a dump bed that can be raised and lowered to load and unload materials. Here are some specific types of work that dump truck drivers do:

1. Construction Material Transportation: Dump truck drivers transport construction materials like sand, gravel, dirt, and crushed stone to construction sites.

2. Debris Removal: They haul away debris, such as dirt, rocks, and construction waste, from construction sites.

3. Landscaping Material Delivery: Dump truck drivers deliver landscaping materials like mulch, topsoil, and gravel to landscaping companies and homeowners.

4. Mining and Quarry Work: They transport materials like coal, ore, and quarry stone from mines and quarries to processing plants or construction sites.

5. Emergency Services: Dump truck drivers may be called to assist with emergency situations like storm cleanup, flood response, or wildfire debris removal.

6. Heavy Hauling: Some dump truck drivers specialize in heavy hauling, transporting oversized or overweight loads like construction equipment or industrial machinery.

7. Aggregate Delivery: They deliver aggregates like sand, gravel, and crushed stone to ready-mix concrete plants, asphalt plants, and construction sites.

8. Waste Management: Dump truck drivers may work in waste management, transporting trash, recyclables, or hazardous materials to landfills or processing facilities.

9. Road Maintenance: They may be involved in road maintenance, hauling materials like salt, sand, or gravel for road construction or repair.

10. Environmental Remediation: Dump truck drivers may assist with environmental remediation projects, transporting contaminated soil or hazardous materials to designated facilities.

Remember, specific duties may vary depending on the employer, location, and type of dump truck operation.

How to get dump truck contracts

To get dump truck contracts in the USA, follow these steps:

1. Register your business: Obtain necessary licenses and registrations, such as a Motor Carrier Authority (MC) number and a Department of Transportation (DOT) number.

2. Build a professional network: Attend industry events, join trucking associations, and connect with potential clients and partners.

3. Develop a marketing strategy: Create a website, utilize social media, and advertise your services to reach potential clients.

4. Get insured and bonded: Obtain necessary insurance coverage and bonding to protect yourself and clients.

5. Prepare a contract bid package: Create a comprehensive package including your company profile, services offered, equipment information, insurance certificates, and safety records.

6. Search for contract opportunities: Look for contract openings on websites like the Federal Highway Administration’s (FHWA) Contracts and Grants website, state transportation department websites, or local government websites.

7. Submit bids: Respond to contract openings with a complete bid package, following instructions carefully.

8. Follow up: Contact the contracting authority to ensure your bid was received and to ask about the status of your application.

Additionally, consider:

a.) Partnering: Collaborate with other trucking companies or contractors to expand your capabilities and improve chances of getting contracts.

b.) Certifications: Obtain certifications like DBE (Disadvantaged Business Enterprise) or WBE (Women Business Enterprise) to increase eligibility for government contracts.

Remember, securing dump truck contracts takes time, effort, and persistence. Stay professional, build relationships, and continually improve your services to increase chances of success.

I have been able to share with you the best way you can kick start your dump truck business anywhere in the world and earn good profits and more contracts.

As a starter following this guide will help to scare in the industry.

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Nigerian Finder

Tipper Business in Nigeria: How to Get Started

Tippers are used for a variety of haulage in Nigeria as elsewhere in the world.  They are used to carry sand, granite, asphalt, and other items used for construction and which must be conveyed from one location to another.  One wonders how construction works generally could have been executed without the use of tippers for conveyance of items.

Getting Started

The first stage of going into tipper business is to do some feasibility studies and raise fund to buy a strong tipper.  Current estimates show that a good tipper cost ranges from Four Million Naira (N4,000,000.00) to Five Million Naira (N5,000,000.00). Added to that is the cost of vehicle particulars and registration with the National Union of Road Transport Workers (NURTW).

Options of Running Tipper Business

There are about three methods of using one’s tipper to do business in Nigeria.  The methods are explained as follows:

1. Operating as an Independent Transporter

This is the most common method where the owner may decide to operate the tipper by himself or hire a driver to operate it using the vehicle to convey items for whoever needs such services.

In this system, the amount per trip is negotiated and the number of trips is calculated for daily payment. It is calculated that if there are no serious mechanical problems, a tipper owner operating under this system can make up to Four Hundred Thousand Naira (N400,000.00) per month as net profit.

2. Running The Tipper Business As A Contractor Or Subcontractor

In this method of operation, the tipper owner will look for a big multinational company or a construction company which will use the tipper. The company may decide to manage the vehicle as well as the process of hiring and paying the driver; or it may ask the owner to provide a driver with the tipper and work under the direction of such company.

At the end of each month, the company will pay the owner an agreed amount of money, which ranges from Three Hundred and Fifty Thousand Naira (N350,000.00) to Six Hundred and Fifty Thousand Naira (N650,000.00) depending on the type of tipper.

Alternatively, the company may decide to pay a fixed amount for each trip made on a particular distance, if that is to the liking of the owner.  This alternative method, calls for logging of daily operations.

To engage in this method of tipper operation, the owner would have to register the vehicle with the client company and also be obliged to service or maintain it regularly.

3. Leasing The Tipper to a Company

In this method, the owner leases the tipper fully to a company, especially a construction firm, to be used for a particular period.  Depending on the work on hand, some firms could hire a tipper for six months, one year or even more.

Under the leasing arrangement, the client company may take care of fueling expenses and monthly maintenance, except for major repairs.

Under this arrangement, the owner may be paid monthly, quarterly, semi-annually or annually depending on his preference and what is convenient for the client company.

A tipper owner who leases out a tipper to a company, can rake home between Four Hundred Thousand (N400,000.00) and Seven Hundred Thousand (N700,000.00) monthly on the average.

1 thought on “Tipper Business in Nigeria: How to Get Started”

How do I get an MoU to lease my truck to a respectable company, for a long period?

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Ask the analyst for, nigeria dump trucks market (2024-2030) outlook | value, trends, revenue, growth, size, industry, analysis, forecast, share, companies.

• Report Description
• Table of Content
• Related Topics

Key Highlights of the Report:

• Nigeria Dump Trucks Market Outlook
• Market Size of Nigeria Dump Trucks Market, 2020
• Forecast of Nigeria Dump Trucks Market, 2030
• Historical Data and Forecast of Nigeria Dump Trucks Revenues & Volume for the Period 2020 - 2030
• Nigeria Dump Trucks Market Trend Evolution
• Nigeria Dump Trucks Market Drivers and Challenges
• Nigeria Dump Trucks Price Trends
• Nigeria Dump Trucks Porter's Five Forces
• Nigeria Dump Trucks Industry Life Cycle
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Rear for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Side for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Roll- Off for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By On-Road Dump Truck for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Off-Road Dump Truck for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Engine Type for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Internal Combustion Engine for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Electric Engine for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By End-users for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Construction for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Mining for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Infrastructure for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Military for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Agriculture for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Engine Capacity for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By 5L for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By 5L to 10L for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By More Than 10L for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Building Construction for the Period 2020 - 2030
• Historical Data and Forecast of Nigeria Dump Trucks Market Revenues & Volume By Mining Industry for the Period 2020 - 2030
• Nigeria Dump Trucks Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Engine Type
• Market Opportunity Assessment By End-users
• Market Opportunity Assessment By Engine Capacity
• Market Opportunity Assessment By Application
• Nigeria Dump Trucks Top Companies Market Share
• Nigeria Dump Trucks Competitive Benchmarking By Technical and Operational Parameters
• Nigeria Dump Trucks Company Profiles
• Nigeria Dump Trucks Key Strategic Recommendations

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Europe Dump Trucks Market

United States (US) Dump Trucks Market Outlook

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Haulage business plan in nigeria (complete guide).

Haulage means transporting of goods (products) from one place to another. This distance (mileage) between the places of origin to the final destination is what the haulage business charges for. The Haulage business is therefore the business of making goods available when and where they are needed. This haulage business plan and sample proposal will be of great value for anyone interested in haulage business.

Haulage starts from the point of extraction or loading to the point of delivery of the goods (products) for the satisfaction of the final consumers.

Goods that are Usually Carried Include:

• Petroleum products such as Premium Motor Spirit (PMS), Dual Purpose Kerosene (DPK), Automotive Gas Oil (AGO), Low Pour Fuel Oil (LPFO) and other Petrochemicals.
• Building materials such as sand, clay, granite, cement, iron rods etc.
• Agricultural products
• Containers/cargoes from the ports
• Heavy duty equipments like generators, transformers, pole etc
• Solid minerals and other finished products
• Commodities like sugar, flour, salt etc.

Haulage distance charged can be within the state of operation e.g. Lagos and is called (Local) or outside the state called (Interstate) or within a geographical region e.g. Southwest, South south etc.

The Economic Value of Haulage Business

Haulage involves the movement of goods by both rail and road, but since the collapse of rail system in Nigeria, road haulage has taken the lead. The country has enough population and a good network of roads linking the 36 states and Abuja, though not in very good condition.

The transport sector is an important component of the economy impacting on the development and the welfare of the huge population of about 140 million. When transport systems are efficient, they provide economic and social opportunities and benefits that result in positive multipliers effects such as better accessibility to markets and additional investments. Transport also carries an important social and environmental load, which cannot be neglected.

Haulage has the Following Importance

1. Moving of material from the natural stage.

2. Conveying raw materials to the factory and helping the producers to convey their goods to wholesaler or distributors.

3. Helping the producers to reduce the content of the warehouse. An efficient transport system offering cost, time and reliability advantages permits goods to be transported over longer distances. This facilitates mass production through economies of scale because larger markets can be accessed. Thus, the more efficient transportation becomes, the larger the markets that can be serviced and the larger the scale of production.

4. Helping the wholesalers (distributors) to get their purchased goods to their stores. Improvement in the efficiency with which firms have access to raw materials and parts as well as to their respective customers. Thus, transportation expands opportunities to acquires and sell a variety of commodities necessary for individual and manufacturing systems.

Other Benefits of haulage

5. Increased competition. When transport is efficient, the potential market for a given product and or service increase, and so does competition. A wider array of goods and services becomes available to consumers through competition which tends to reduce costs and promote quality and innovation.

6. Increase land value: Land which is adjacent or serviced by good transport services generally has greater value due to the utility it confers to many activities.

7. Haulage also contributes to economic development through job creation and its derived economic activities. Accordingly a large number of direct (freighters, managers, shippers) and indirect (insurance, finance, packaging, handling travel agencies, transit operators) employment are associated with transport.

Producers and consumers take economic decisions in products markets, cost, location prices which are based on transport services, their availability costs and capacity.

8. In conclusion, haulage makes goods and services available where and when they are needed. It provides market accessibility by linking producers and consumers.

Types of Haulage Business and Vehicles Required

This means the different sections of haulage business one can venture into depending on one capability and other factors. The type of vehicles or equipment used in haulage business differs on the type and nature of haulage.

Quarry Breaking

This involves the use of heavy equipment to break mass deposit quarry into smaller granite sizes. In a quarry site which has been acquired by a quarry company with license from the government to break and sell to the public. These equipment, most often are been rented from leasing company and a certain amount is paid at the end of the month as per contract agreement between the two parties. The quarry breaker is the equipment used. It is costly; hence it is usually purchased by leasing companies or banks and rent out to quarry companies.

Tipping Haulage

This is the use of tippers of different sizes to transport granites from quarry site or sand from the leave or sea for use in construction industries/sites. Tipping trucks or dumping trucks are used to convey granite or sand. They are usually in 20 or 30 tons capacity.

Pay Loading

There is the business of using tractors to load granites for trucks at the quarry site or sand at the lake. Pay loader is capital intensive and as a result many investors ignore it, but it is a money spinning investment.

Craning Haulage

These are equipment use in lifting and transporting of heavy duty equipment like construction equipment, poles, transformers, generators etc. the craning truck has dual purpose, it is use to load and transport cargo.

Tankering (Petroleum Haulage)

It is transporting of petroleum products such as kerosene, diesel, petrol, and other petroleum products from depots to their required destinations to satisfy the final consumers. You are bond to make fortune in this section of haulage business because Nigeria is an oil producing country, so there will always be job for you.

There are various capacities and sizes of tankers with capacities ranging between 5,000 – 20,000 liters are used to transport basically diesel and kerosene. The larger capacity tanks 30,000 – 46,000 capacity, however, can be used to carry any of the petroleum products.

Trucking Haulage

This is the commonest type of haulage business. And it involves the use of different sizes of truck to convey goods, containers, cargo etc from one place to the other until it gets to the final consumers destinations. Different tonnage of trucks is used for different purposes.

Haulage Business Proposal

The market for haulage is wide; hence demand for the services is always per seconds. As a result of the high rate of importation the demand for the dispatch of containers boxes is high. Also with the current form or our refineries that rely heavily on the importation of petroleum products the demand for petroleum products haulage is high. Hence our proposal is based on TANKERING & TRUCKING.

Trucks for container haulage can be short framed. Trucks for 20 feet containers or ling framed trucks for the 40 feet containers. The cost varies between N3m – N12m depending on the size and age of trucks.

The users of truck services are: companies, individuals, agencies among others.

The Requirements

You will require the following for container haulage: Tractor : Which is the head, the truck itself Body of the truck : The flat bed where the container boxes will sit on Fourteen tires

The Net Income

The Return On Investment (ROI) is high because the patronage is always there. The haulage is a 6 days a week, 30 days in a month and 365 days in a year.

The rate of income is also based on the turn around time of the truck. Because of the constraints such as traffic congestion on the road, mechanical faults, etc one could experience a little hiccup. But, with proper management, the haulage service is a high yielding investment enterprise.

The Income Analysis

The port management services expects a trucker to go at least two trips of dispatching containers to allocated bonded terminals outside the ports.

Per trip, the truck is paid between N15,000 – N16,000 Running cost per trip is around N6,500 Projected profit per trip N9,500

N9,500 per trip x 2 trips per day N19,000 per day N19,000 x 6 days N114,000 Per week N114,000 x 4 weeks N456,000 per month

This is monthly income within Lagos.

For trucks plying within the southwestern zone Add 50% of the monthly income

i.e. N456,000 = N228,000

Monthly return = N456,000 + N228,000 = N684,000

Therefore monthly income for trucks plying the southwestern axis will be N684,000

annual income = N684,000 x 12 = N8,208,000 Less 30% Depreciation/Maintenance = N2,462,400

Annual Net Income N5,745,600

The Income Analysis For Tankering

For trips within Lagos, a medium size tanker charges between N30,000 – N45,000

Let’s assume N35,000 per trip For an average trip an expense of N6,500 Net profit per trip N28,500 An average of 20 trips per month N28,800 x 20 N570,000

Annual income N570,000 x 12 = N6,840,000 Less 30 % Depreciation/ Maintenance = N2,052,000 Net Annual Income = N4,788,000

Popular Risks In Haulage Business

Just like any high yielding business, haulage has it’s own problems too. Some of the challenges facing this business opportunity are:

• The Drivers: This is a major problem with this great business
• Your manager
• The state of your truck
• The Mechanic handling the repairs of the truck

Winning Tricks

The solution to these problems are:

• Get a good driver, or put you truck under a fleet manager that will take care of the running of the truck on your behalf at an agreed fee.
• Tracker: If you put all your trucks on a trucker, the moment your driver put on the ignition for the day you will get all his movement through, text messages.
• You can also seek the service of an experience mechanic to inspect your trucks before purchase. Also seek counsel from people already in the business.
• Have a central mechanic to do all your repair jobs.Also to ensure that all your trucks are of the same brand.

Our Fleet Management Services

Under this service, the following conditions prevails:

• You buy the truck, get it insured, get it registered and ready for business. You lease the truck to us, for an agreed amount that will be paid into your account on monthly basis, and we take care of the driver and maintenance
• We manage the truck for you and pay all income into your account, you are responsible for the driver and maintenance and you pay us 20% of your month income while we manage your truck.
• You make straight investment of N5million with us, we pay you N250,000 monthly as profit for 20 months. You get your N5million investment capital back at the end of the 20 months or anytime you wish to terminate after six months.

The agreement can be terminated by either party by giving one month notice.

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