In this article, you will learn how to start paint production in Nigeria from me. I have gathered the needed information, which I have summarized for you.
Paint production is a profitable business in Nigeria and it requires relatively low capital to start. Almost anybody can venture into paint production in Nigeria so far, they have the required paint production skills.
to start a paint production company in Nigeria, learn how to make paint, find a location, register your business with CAC (Corporate Affairs Commission), and publicize for Nigerians to patronize.
In the sections below, I highlight the basic information you require to start a successful paint business in Nigeria.
How to Start Paint Production in Nigeria
Below are the steps to start paint production in Nigeria successfully:
Acquire the Skills
I believe you acquired the needed skills to start a paint production business in Nigeria. If you have not, please do so.
It should take between 6 months and 1 year for you to master how to produce your paint in Nigeria for sale.
In case you are not aware, below are the kinds of paints you should learn to produce:
- Marble trowel
- Matte eggshell
- POP emulsion
- Flex coat
If you do not spend longer months learning how to produce paint, do not attempt to learn every brand of paint. You can pick like two to three to learn to produce.
Register with CAC
Regarding how to start paint production in Nigeria, you have to register with CAC. The registration of paint business will typically take 2 days to complete, and registering your business certifies you as the owner.
Of course, nobody will register the name of your business since once registered.
Note: Choose a unique business name to register before you visit the nearest CAC office.
Strategize the Business with a Business Plan
If the competition in your location is high, you can stand out after employing a strategy that beats your competitors.
The first principle of an excellent strategy is to come up with something that others are not doing.
Now, go around and make a brief market survey to find out what your competitors are not doing.
Somehow, you are spying on them, but it is not illegal to spy on your competitors in Nigeria.
When you find their ideas, copy the ideas, and introduce new ideas that make theirs better.
Most importantly, have a great relationship with your competitors whether you stay closer to them or not.
Get a Location
A location will determine how fast your paint production business will grow in Nigeria. A typical excellent for the business will be in the open.
You can build the production center anywhere but your shop must be visible to many eyes for patronage.
Gather Paint-Making Equipment
The basic paint equipment to buy include:
- Electric power mixer (25,000 to 50,000 Naira)
- Milling machine (45,000 to 70,000 Naira)
You also need the materials for producing paints. The minor paint production materials are:
- Pigment: Giving colour to paint.
- A customized paint container
Without chemicals, your paint will not be the best. Below are the chemicals you require for making paints:
- Marble dust
- Titherm (for white paints)
- Calcium carbonate
Above is the material for your paint production. If you have forgotten how and when to apply each material, you may search on YouTube for paint making courses.
What is the Cost of Starting Paint Production Business in Nigeria?
For small scale paint production, you need about 200,000 Naira to start. Medium-scale will demand up to 2 million Naira while a large scale will demand 10 million Naira.
The paint production business in Nigeria does not require you to build a big factory before running it. As long as you have the necessary chemicals and materials to make your paint, you can make them in an open space.
If you want to rent a store for your paints, fine. Just note that the small money you will lose will go on chemicals and containers.
Get very few containers for a start and do not brand your containers just yet because you will have to pay for the branding.