Railway Development by Limult
Development of railway transportation infrastructure in Nigeria
The efficiency of the railway in the mass movement of people and goods over long distances by land is the major advantage of this mode of transport.
Rail transport is
cheap, energy saving and environmentally friendly. The railway provides a
significant stimulus for socio-economic growth and development.
For these reasons, railway is recommended for countries with large expense of land, people and resources such as Nigeria.
The railway cut into the interior of Nigeria and for the first time, provided direct access by a modern means of transportation from the coast to other parts of the country.
The railway network was constructed in Nigeria in order to enable it to evacuate minerals and agricultural raw materials and forest resources from the Interior parts of the country and also to enable the selling of imported manufactured goods in these interior locations.
It was used for linking up the different regions of the
country and thus for promoting inter-regional trade as well as increasing
industrial and economic development.
After the initial construction of the railway network in
Nigeria, there has not been any major modification or extensions of this
backbone. The network connects the major seaports of Lagos and Port-Harcourt
with the major urban centers in the country.
The Impact of railway to Nigerian
Economy
In spite of the deficiencies of the Nigerian railway system, it contributed a lot to the general economic development of Nigeria during the colonial and early independence period by making possible the development of all parts of the country for agricultural exports, specifically cocoa in the west, groundnuts and cotton in the north and palm produce in the southeast.
It facilitated the
evacuation of minerals for export from the interior parts of the country (such
as coal from Enugu and tin from Jos).
It encouraged the development of long-distance inter-regional trade in various products within.
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Furniture industry in Nigeria by Limult
The furniture industry in Nigeria has experienced a major challenge which is the shortage of timber supply but industry professionals have put together so much work to develop modern designs using contemporary material like wire mesh, Wicker or rattan furniture, Metal etc.
Another prevailing problem that is making the efforts of manufacturers in the industry go unnoticed is the access to reliable sources of power.
Not only is this detrimental to the production of furniture and manufacturing but also the nation’s ability to possess a sustainable GDP.
The electrification of Nigeria will liberate many of the constraints that we face as a nation as regards to our overall productivity.
This will also help in empowering local manufacturers’ abilities to produce more high-quality furniture at reduced prices.
Furniture manufacturers at the moment must rely on the electricity provided by the government as much as possible.
Although these conditions are not ideal, it does not, however, impact on the ability to provide quality, affordable furnishing, and interior design solutions.
In order to make the system more innovative, great care should be taken so as to ensure that the industry becomes more efficient and are capable of producing high-quality goods by utilizing the waste from the production process to create other goods.
With the calls for diversification of the economy, the furniture manufacturing sector has experienced growth that has been contributing to the earnings for investors and the GDP of the country.
The global furniture market has been on the rise, with analysts forecasting the compounded annual growth rate (CAGR) estimate of 3.53 percent over the period of 2012 and 2016.
Nigeria has not been left out in this global. Reuters showed that one of the key factors contributing to this market growth is the boom in real estate industry.
Are you a Retail Store Owner? Here’s how we can help you!
LIMULT GROUP is the top choice for all your furniture needs. Why? Because we put our customers first!
With our huge warehousing network, you will always be able to find our products, or suitable substitutions, in stock when you want them. This is better assurance for you that when you need a product for a customer, you will be able to get it quickly and easily.
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Ibadan Airport Development and Challenges by Limult
Ibadan Airport Development
Nigeria has about 28 airports. Twenty-three including Ibadan Airport, managed by the Federal Airports Authority of Nigeria (FAAN).
Based on research and statistics from the aviation regulatory authority, discovery shows that only three of the airports are viable.
Except the Murtala Muhammed International Airport,, Lagos; Nnamdi Azikiwe International Airport, Abuja, Port Harcourt International Airport, Rivers State, none of the other airports has sufficient revenue to cover the cost of operations alone.
The Ibadan the airport is home to one terminal and an impressive 2,400-metre-long runway.
Major Challenges Behind the Development of Ibadan Airport
The airport remains largely underutilized. Only one carrier operate scheduled flights into the terminal connecting passengers between Ibadan to Abuja and Abuja to Ibadan.
The International Air Transport Association (IATA) says that for an airport to be viable and self-sustaining, it must have at least five million passengers annually.
Only Lagos and Abuja airports could boast of at least five million passengers annually. Ibadan Airport does not meet up to the above stated qualification.
Another key factor affecting Ibadan Airport is demand. There must be demand for air services; this drive for demand that would enable airlines to make money on the route. It is clear demand for air services into the airport is low.
It is not absolutely about the air fare structure or regime, because fares do not have to be low due to volumes.
An expert said: “Ibadan Airport is not a big airport, but FAAN is yet to adjust to the realities of modern day marketing of airports.
The airport has proximity airports including Akure and Ilorin Airports and the main hub Lagos Airport. These airports are not too far and actually competing with Ibadan Airport.
“The major attraction at the airport is the Abuja route, the only operator on that route is offering high fares. He said Ibadan Airport lack basic aeronautical facilities as the runway light only permits visual flights.
Ohunayo said after 6pm operators are not favorable disposed to operate flights because they have to pay extra charges for the runway airfield lighting to be switched on.
The Way Forward
The Oyo State Governor, has assured that his administration is trying to expand the Ibadan Airport runway.
“We believe that the airport in Ibadan should serve as a true alternative airport to Lagos. We have a project that we are incubating right now.
Also trying to expand the runway so that bigger aircraft can land in Ibadan. “We looking at Ibadan as actually becoming the hub for regional air transportation.
Contact us at +2347052446249 for more information on our redefining industry development services or visit our store at www.limult.com/shop to see more products that we make available for the people.
What you need to know about the Nigeria Footwear Industry by Limult
The footwear Industry is made up of footwear manufacturers, wholesalers, and retailers. They major in footwear products which are commonly made of leather, textile, and a range of synthetic materials.
Major
wholesalers in this industry are owners of brand names and typically
source their shoes from independent manufacturers.
The retail segment of the industry ranges from owners of large multinational chains to small local businesses. Many shoe companies operate in both the retail and wholesale arenas.
The Footwear industry is one of those industries that address basic needs. The industry is very lucrative and can be a source of wealth creation.
Main
Strength of the Industry
For over twenty years, the footwear sector has been standing out in international markets and progressing in the value chain. The industry has reinvented itself, responding more quickly to needs and becoming more flexible.
Moreover, the footwear industry has strengthened its capacity to develop the product and raised its quality standards. Today, the Nigeria footwear industry has a solid reputation in manufacturing skills, and that is one of its main strengths.
LIMULT’s footwear expertise will help your brand ensure the quality and safety of every type of footwear, including fashion and formal shoes, athletic footwear, specialized and professional footwear, and children's shoes.
Contact us at +2347052446249 for
more information on our refining industry development services or visit our
store at www.limult.com/shop to see more products that we make available for
the people.
The Effect of Covid-19 on the Food and Beverage Industry in Nigeria by LIMULT
The Food and Beverage Industry consists of all the organizations involved in transforming raw agricultural products into consumer food.
The overall industry supply chain includes food processing, packaging, and distribution. It does not cover raw food production.
This industry includes fresh food, packaged food, and beverages (both alcoholic and non-alcoholic).
From food sold at the grocery store to cooked meals served at restaurants, institutions, and events, this industry serves a huge variety of retail outlets.
The Effects Of COVID-19 To The Industry
The major challenges almost all businesses are facing has been from the effects of the pandemic. Some businesses flourished overnight, while others struggled to adapt.
Managing supply chain disruption is not new to manufacturers and industrial companies. Still, the effects of the COVID-19 pandemic made it more paramount for processes and operations to change.
In the past few months, countless pictures of empty grocery store shelves were shared verifying that grocery store supply chains were not prepared for the spike in demand.
It’s important for manufacturers to understand the consumer’s mindset and apply innovations to minimize further disruption in the supply chain.
As a result of the change in consumer demands, larger companies have been acquiring smaller companies to tap into their resources that appeal more to the market.
Big companies seek smaller companies for many factors like innovation, sustainability, corporate social responsibility, and sometimes for simple healthy ingredients.
Role of LIMULT Group in the Construction of Food and Drink Industry
From process and packaging to food safety, automation and more, our solutions help customers increase production, solve labor shortages, mitigate costs, and ensure FSMA compliance.
Whether you need everything or just one thing, we can design, build, or optimize a turnkey solution.
Contact us at +2347052446249 for more information on our redefining industry development services or visit our store at www.limult.com/shop to see more products that we make available for you.
Fertilizer Industry and its Importance to Human Life by LIMULT
The fertilizer industry consists of organizations that represent the entire supply chain from production to distribution to retail, all working together to deliver fertilizer to farmers in a safe, timely, and sustainable manner.
The Goal of the fertilizer industry is to feed the world. Because without modern-day fertilizer, the world would not exist.
Farmers are able to meet up with the demands of feeding a growing population, but only through a modern-day-fertilizer.
In fact, almost all our food consumed today is only able to be grown because of the availability of fertilizer.
Why is fertilizer important for feeding the world?
Without the addition of fertilizers, agricultural productivity and crop yields would be significantly reduced. That’s why mineral fertilizers are applied into the soul to supplement the soil’s nutrients.
Hence, fertilizer is used to:
- Provide nutrients not available in the soil.
- Replace nutrients removed at harvest.
- Balance nutrients for better product quality and higher yield.
Our core business in fertilizer production is intimately connected with agricultural productivity and food production.
LIMULT GROUP mission in the fertilizer industry is to ensure timeliness in production, distribution, retailing and working together to deliver fertilizer to farmers.
Contact us today at +2347052446249 for more information on our redefining industry development services or visit our store at www.limult.com/shop to see more products that we make available for you.