Hi. I'm a student and recently learnt of feasibility studies. Online and in the books, it sounds like mere theory. But in real life when people take the risk of starting a business their dreams caused them to do, I never seem to hear of any feasibility studies. When I study biographies too, non of that is often mentioned. What can you say about this? Now I want to start a business, but all that feasibility study is nowhere to be found in my dreams. It's like another headache of the formal world. Please advise. Thanks.

Hello. I'm a student of electrical and electronic engineering and wish to know the requirements for producing electricity in Nigeria. Inotherwords, I'm asking for the standard. The international standard would be appreciated too.

Perfectly understood. I'm satisfied now. Thanks.

Alright, thanks. But I also don't get this: There are some companies like Honeywell , Cadbury, etc that manufacture in Nigeria. I don't suppose they export the products (that is, no foreign exchange) and yet they make their profit, the same industries that I thought should better the economy. So how do these category of foreign industries (e.g. Cocal-cola in Nigeria) better the economy since they don't export their produce made in Nigeria, but still make profit in this same Nigeria ?

No confusion at all. Thanks. I'm a mere student at the Federal University of Technology Akure (FUTA). So the above mean I'm right to say that manufactured goods in the country, which aren't exported but sold in the country, doesn't cause enough demand for the naira then.

Thank you. It was enlightening. But as you said, I'd anticipate more replies. Thanks again.

Greetings. My name is Eyitope.

I would like to learn a few things about manufacturing or production. I don't understand how a company or organisation that's into production make their profit. A person may send a prototype to China for mass production, then bring the finished goods to Nigeria for sale. I then wonder how profit is made in this case since the Nigerian Naira is used to purchase the Chinese Yen, which is much stronger than the Naira. In such case, (1) how does the business affect the economy of the country? (2) To the producer, how does he make profit? Lastly, (3) why and how come is it cheaper to manufacture abroad than at home?