The perennial power problem in Nigeria has created income opportunities for those who have what it takes to provide alternative power supply, such as generator, torchlight, candles,lanterns and so on.
The truth is that you have over 130 million Nigerians waiting to put cash into your hand for as long as these products are available and are solving light problems. For the purpose of this write-up, we shall be looking at the candle business.
Candle Business
Candle production business is no doubt a huge market in this part of the world where electricity is in short supply. From the rural to the urban populace, there's nowhere candle is not useful as a source of light.
China has become a major source of importing candle into Nigeria, giving local producers a good run for their money.
However, it must be noted that China is yet to cover the massive candle market in Nigeria. This leaves room for smart Nigerians,whether as individuals or groups, who wish to invest in this multi-billion Naira market to do so.
Raw Materials
Candle is made up of just two materials Wax and Wick or Wool. The wax can either be petroleum wax or bee wax.
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