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First off, congrats on accumulating that amount if you already have. It is not easy in this present Nigeria economy.
It can set up a retail gas shop with accessories but not plant. Retail gas shop with four (5) 50kg cylinders. You can get like 50kg cylinders four (4) pieces with transfer pump, then you will be used scale to sell your cooking gas. Even 700k is enough for that. To set up a cooking gas business, it depends on the location.
A good manual transfer pump is around 400k, electrical pump 200k+, before you start talking about generator. So, you can’t set up a gas plant, rather settle for a reseller retail bottle shop.
Maybe open a fixed account, start saving. You are nearly there. If you can save a million naira, then you can do 2.5m or more to get a complete setup skid.
LPG is a profit making business. Keep going. However, for a million naira, you can only set up a standard gas shop. You can buy cylinder 50kg and transfer machine with scale. By then you can move to skid from skid to plant. You can only settle for a cylinder to cylinder in the shop. That can only manage to set up gas shop.
You go and buy cylinders and a digital scale and then fill gas. Next, find small shop, even you can get small secured space and start selling your gas. If you want to be in gas business, just start before you'll finish the money due to the current situation of the country.
Are you considering venturing into the LPG gas plant business or already running one? Don't let unexpected losses derail your success. GET YOUR COPY NOW!!!👇 👇