Ummigal
Active member
Firewood sales business is a lucrative and rewarding business that alot of people tend to ignore as they view it as a business that is not compatible with the 21st century and digital age. Many don't know that this business is very profitable. This is because Nigeria as a developing country have its larger population whi still consider and are dependent on firewood as the number one source of immediate energy. This is because it is way easier to use, cheaper and not as hazardous as gas cookers and electric stoves.
When going into the supply of firewoods, You would need a capital of about 200- 500 thousand Naira.
And by each month, you would be able to make profits of about 50 thousand Naira, especially when you supply to major markets and densely populated areas in the suburbs of cities. In firewood business, be rest assured of a steady profit as people must cook what they would eat and firewoods are the most readily available and cheapest way of energy to the population, majority of whom are in the lower middle class.
You could get your firewoods at very cheap prices from rural areas that have abundant trees. Then look hire trucks that would help you transport your woods to different states where the demand is high. Then you could sell at any market price you desire and still get alot of buyers especially if your wood is of good quality.
When going into the supply of firewoods, You would need a capital of about 200- 500 thousand Naira.
And by each month, you would be able to make profits of about 50 thousand Naira, especially when you supply to major markets and densely populated areas in the suburbs of cities. In firewood business, be rest assured of a steady profit as people must cook what they would eat and firewoods are the most readily available and cheapest way of energy to the population, majority of whom are in the lower middle class.
You could get your firewoods at very cheap prices from rural areas that have abundant trees. Then look hire trucks that would help you transport your woods to different states where the demand is high. Then you could sell at any market price you desire and still get alot of buyers especially if your wood is of good quality.