Borehole Drilling Business Plan in Nigeria

Even though Nigeria is blessed with so many resources including water, not every part has sufficient water. There are certain parts of the country where people have to walk miles to fetch water. What does this point us to? A clear opportunity to make a huge income if properly managed.

Also Read: Plumbing Business Plan in Nigeria

This is where the borehole drilling business comes in. Even though this business is quite capital intensive, there are ways to get involved without spending so much. Have you been in search of information about this sector? We wrote this post just for you.

You will learn how to start this business and why you should invest in this business. Before we dive into that, here’s a sample business plan to help you.

Sample Business Plan for Borehole Drilling Business in Nigeria

You can make use of this sample for several purposes including grant applications, loan applications, and proposals. It can also be used as a template to run your business and get new investors. Since this is only a sample, it will be abridged.

If you will like the complete plan, you can reach out to us. Paying a small token will get you the full borehole drilling business plan. Now, let’s take a look at the plan.

Business Name: Drips Drilling Company

Business Industry: Construction/Manufacturing

Business Location: Kogi State

Drips Drilling Company will be established to provide borehole drilling services for a variety of needs. It is clear that even though the State where this business will be located has a lot of water, some parts suffer drought. This is not so strange as it is located in the middle belt of the nation.

Several people need this service, from shopping malls to residential apartments, offices to hotels. The scope is quite vast and we can enjoy a lot of profit in this zone if we handle our marketing efficiently.

Asides private individuals, we will also undertake government projects at the local and federal levels. This means we will be introducing our business to government agencies in different parts of the State. Our drilling services will also extend to providing irrigation systems for farms.

To achieve all of this, we have signed a partnership with a Chinese company to supply drilling rigs, drill rods, bits, hand pumps, and other equipment. With all of these at hand, we project that Drips Drilling Company will be making close to N10 million within the first six months.

To ensure that the business is sustainable, we will handle key aspects of the business. These aspects include scheduling, budget control, estimating, value engineering, onsite supervision, cost control, and quality control. Part of our modus operandi will be to offer consultancy services on demand as well as training services.

Business vision

To be recognized as the biggest borehole drilling company in Kogi State and the whole of the middle belt region.

Business Mission

To surpass the expectations of our customers through the provision of outstanding products, efficient delivery, and personalized service.

Business objectives

To achieve the business mission and vision statements, we need to state and achieve business objectives. After much research, here is a list of objectives that will drive us to achieve our goals at Drips Drilling Company.

A consistent increase in sales through constantly improved services and marketing.
Ensuring customer satisfaction at all levels.
Provide exceptional services at very affordable prices.
Increasing our customer base by 20% each year through effective marketing and efficient services.
Engaging in efficient management practices that will ensure that the business becomes sustainable after the first year.

Keys to success

Having stated a list of objectives that we hope to achieve, here is a list of factors that we are sure will contribute to our success.

Continually improve the quality of services.
Investing in quality drilling equipment.
Employing efficient and experienced hands to handle our operations.
Setting up an efficient and highly-motivated marketing team to help spread the word about the business.
Explore the internet space to publicize Drips Drilling Company.

Our services

At Drips Drilling Company, we will not only focus on drilling boreholes. We are interested in providing a complete set of services to benefit our clients. Here is a list of our services:

Borehole drilling
Borehole rehabilitation
Core Drilling
Pump testing
Supply and installation of submersible pumps
Supply and installation of hand pumps
Geophysical survey

Competition analysis

Before starting any business, a detailed market survey is imperative. After carrying out ours, we have come up with a list of factors that will determine an increase in patronage. They include:

An eye for detail and a high level of professionalism.
Efficient and timely service delivery.
Exceptional and excellent customer service.
Efficiency, consistency, and integrity all knitted into the fabric that forms the organization.
Online presence.

To this end, we have discovered how to develop our competitive advantage. It will center on our ability to provide top-notch services at very affordable prices.

Get your Sample Borehole Drilling Business Plan in Nigeria. To place an order, pay N20,000 to

Bank Name: Guaranty Trust Bank (GTB)

Account Name: Chibuzor Tochi Onyemenam

Account Number: 0044056891

After payment, send your full name, email address and topic (e.g. feasibility study borehole drilling) to 07033378184. Your business plan will be sent to your email within 15 minutes.

The borehole drilling business in Nigeria

Unlike several developed countries, there is no law against the drilling of boreholes. In the United States or the United Kingdom, for example, there are restrictions because of the possibility of natural disasters. These countries do not have a challenge of water supply.

However, in Nigeria, not every location has access to a potable water supply. In some States, the Water Board doesn’t even exist. This means citizens have to look for water to meet their different needs.

One of the ways to do this is by drilling boreholes. Boreholes ensure that water is available even during the dry season. They also save you the stress of pulling water from a well or carrying water over long distances.

Nigerians understand these advantages which are why they are interested in patronizing these services. When a person wants to rent a new home, most times they ask if the home has a borehole installed.

How to Start a Borehole Drilling Business in Nigeria

By now you must be intrigued about this idea and you are wondering how you can start your business. Truth be told, the best way to learn is from an existing credible borehole company. While you search for one, let us share a few tips on how to start this business.

Carry out a detailed feasibility study

A detailed feasibility study shows you the different pitfalls that may arise as you operate this business. The first thing you should know is that this business will not work in every location. You must discover the best locations for your business.

Asides this, you must find out who needs your services most in that location as it will influence your marketing campaigns. It is also important to find out the kind of equipment you need and how much it will cost to run the business.

Acquire technical skills

Without a doubt, this line of business is very technical. This means that you need to acquire the necessary technical skills. Even if you won’t be carrying out the drilling process by yourself, you still need base knowledge.

From your feasibility study, you should find a reliable place to acquire training. It is worth every dime spent as you are investing in the future of the business.

Write a business plan

Business plans, contrary to what many people think, are not overrated. There are several advantages that business plans bring to the table. Asides being instrumental in raising capital for your business, this document will act as a map for you and your team to run the business. you can reach out to us to write a detailed business plan at a pocket-friendly cost.

Register the business

This is not the sort of business you want to run without registering. Your registration shows how credible the business is. The more credible you portray your business to be, the more clients you can get. You cannot even get a government contract if you are not registered.

Acquire equipment and employ staff

Without these two, this business cannot work. You need equipment to drill and you need staff to man those pieces of equipment. Finding the right pieces of equipment and staff will depend on how efficiently you carried out your feasibility studies.

Market your business

There are several ways to market this business. Here is a list of methods you can try out:

Write introductory letters to companies and government agencies.
Billboards and flyers.
Using digital marketing techniques.

Profitability of this business

Without a doubt, the borehole drilling business is capital intensive. It means that without a lot of cash at your disposal, you cannot even start this business. However, when you do, you can make as much as N10 million to N20 million in a year depending on how well you market.

How can a layman get involved?

As a young graduate who has little or no capital, you must be wondering how to get involved in this business. Here’s an idea you can adopt. You can become an agent.

Strike a deal with a company to market their services for a commission. This will help you grow a client base even if you don’t have funds.

Conclusion

It must look pretty easy to start the borehole drilling business in Nigeria after this piece of information. We also believe that the sample business plan must have been helpful. If you will like a customized business plan, reach out to us and we will provide one at a small token.

Get your Borehole Drilling Business Plan in Nigeria. To place an order, pay N20,000 to