Despite the prevalent harsh business terrain in the country, paint manufacturers said that consumption of the product is currently on the increase with the figure put at N96.50 billion as at the third quarter of this year.


According to Paint Manufacturers Association of Nigeria, (PMA), a group of the Manufacturers Association of Nigeria (MAN) this increase was hinged on current positive indicators in the country. It forecasts that the nation’s paint consumption level would hit N135.80 billion in the year 2025.

Rising from their 2018 annual general meeting (AGM) held in Lagos with the theme: ‘Strategic Roadmap for the Growth of the Nigerian Paint Industry,’ the group observed that rapid growth of the economy (especially up until 2015) had provided an anchor for growth and development across all industries.


They said it saw Nigeria become Africa’s number one destination for foreign direct investments (FDI), mainly in capital projects to develop energy, manufacturing, financial, real estate and industrial infrastructure.

Other factors include high demand for real estate properties particularly residential housing demand and growing demand for commercial real estate properties.



Some experts who spoke with LEADERSHIP said it also had positive effects on coil coatings, wood coatings, interior and exterior decorative paints, powder coatings used for extrusions and protective coatings for steel and metals. Presently, they said the deficit in the residential housing sector oscillate between 17 to 20 million units, which spells big market demand for paint products across the country.

https://www.akelicious.net/2018/11/paint-consumption-in-nigeria-hits-n96bn.html

It means Nigerians are building more houses in this buhari's regime meaning things are more better now than before...

Ok

2

Fine

There are some businesses that are just unimaginable to be successful, yet they'll be screaming Youth should go back to farming. Imagine, why not paint business?

our brothers overseas are making it big. FTC

With those their fake paints like chalk.

ok

Local painters has even mastered the act of paint production now......



With decent result and quality..... Was impressed really!

Na increase in slay mama"s and small girls with big gods cause the increment in paint consumption, dey Don use am paint their faces finish

I'm sure that's the handy work of ladies who love Makeup and Aboki wey like hard Drugs dat can consume anything......

It's alright

Mankosi:
It means Nigerians are building more houses....

No, it means Nigerians are repainting old houses and increasing house rent.

Jokes apart though, the construction industry is looking good post-recession and anything affiliated to building is a hit.

They are the chief lobbyist.....



All the PPU are the cronies, they specify that a particular paint maker be patronize without any technical proof of superior quality



Abeg check my signature jare

Slay mamas painting body with make up

cooldipo:
Local painters has even mastered the act of paint production now......



With decent result and quality..... Was impressed really!

if you know you know

Really? may be they all calculated the paints used by our ladies in painting their nails,lips and faces anyway.

Real Estate is the number one business

Their makeup is too much

i use Berger Paints....those guys make madt paints...makes the house look cool...i try to repaint every year...not easy but makes the house look new...

Country color color

Hmm.. Who doesnt know that paint production is lucrative? Read how to start this business here https://entmirror.com/paint-production-business/

Toxako:
There are some businesses that are just unimaginable to be successful, yet they'll be screaming Youth should go back to farming. Imagine, why not paint business?

Its because is extremely profitable nd a way out of our mess

Toxako:
There are some businesses that are just unimaginable to be successful, yet they'll be screaming Youth should go back to farming. Imagine, why not paint business?

Paint manufacturing may not be a bad business idea, but if I should be frank with you, farming is better and more profitable. Farming is your fastest way to becoming rich. As a manufacturer of paint, you'll need a very long time to build a brand for yourself before you could make enough money from selling your paint. Exporting your paint will also be very difficult, but selling and Exporting your farm products doesn't take time and branding. Starting a paint factory is also more difficult and expensive than starting a poultry farming, fish farming, snail farming, bee farming etc.
Farming doesn’t start and end with tilling the soil to grow crops. Instead of toiling every year to grow crops on a land that wouldn't yield well, it is better to construct a small house on that land and rear livestock. This is where Nigerians fail and believe that farming is suffering and brings very little profit.
A man in Kenya planted 200 trees of avocado pear a few years ago. Today he makes $20000 (about 7.2 million naira) annually from Exporting avocado fruits to USA and China.

sucess001:
i use Berger Paints....those guys make madt paints...makes the house look cool...i try to repaint every year...not easy but makes the house look new...

Lol...if you still see the need to repaint after every year while using Berger, then port to Dulux paint as their won't be need to repaint yearly with Dulux Paint.

people are making it real in this supposedly harsh economy, and they will still join low income earners to complain that there is no money.

There is no money, economy is hard......And people are building more houses and buying more cars.


Baba God...pls pick my call....i have been calling

sucess001:
i use Berger Paints....those guys make madt paints...makes the house look cool...i try to repaint every year...not easy but makes the house look new...

you can try my product for a changem