From BusinessDay: Investing in Table Water Production
This article, written by Olumakinde Oni, from BusinessDay, briefly delves into the viability of table water production and how to begin, in Nigeria.
He writes: One person will consume a minimum of one litre of water per day. In this regard also, a minimum of 150 million litres of drinkable water is needed everyday in Nigeria. With the failure of government to provide drinkable water to the masses and with the change in dietary pattern of people, packaged water in sachets and bottles is bound to take sizeable portion of this market requirement.
In this regard, the project is bound to enjoy limitless demand. Water packaging is technically feasible and economically viable. Raw materials can easily be sourced, not only this, the project is highly viable, as it can solve unemployment problems. Being a kind of capital injection into the economy, other multiplier effects are increased job and income opportunities to Nigerians.>/p>
Technical information
Project site is acquired and relevant building is constructed based on consultants’ recommendation and the housing requirement of the project. Project requirements are: Appropriate building, borehole, water treatment plant, water packaging machines, project vehicles and packaging materials. Prospective investors can be assisted in the realisation of the project. The procedures are feasibility study preparation, finance sourcing, building acquisition, borehole construction, installation of water treatment plant and packaging machines. On acquisition of infrastructure, application is made to relevant authorities for the approval of the product.
To read the entire article, click here.
What do you think about the prospects of table water production in Nigeria? Share your reactions and experiences in the comments section below.
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