17 WAYS TO CREATE WEALTH FROM DREDGING IN NIGERIA

The Orange Island in Nigeria

When thinking about dredging and wealth creation, amazing developments such as the creation of the largest artificial man-made lake in West Africa which is the Lakowe Lakes golf club and country homes, construction of the Banana Island and the Orange Island in Lagos, then the Suez canal and the Palm Island in Dubai comes to mind.

With these projects comes the enormous possibilities and potential that dredging has to offer. With the Banana and Orange Islands in Nigeria, we show how we are able to redefine and shape our environment for those seeking highbrow residential and office areas.

Although these are all great examples these projects are just a fraction of what the business of dredging is all about. Dredging has many areas both large and small in which an individual with large to little or no capital could generate wealth from. Among the most common are:

The Banana Island in Lagos Nigeria

1. Land reclamation
2. Sand and gravel Dredging
3. Lakes and reservoir construction maintenance
4. Port or harbour construction
5. Ports and estuary maintenance
6. Coastal protection
7. Offshore trenching including oil well sweeping and cleaning
8. Mining
9. Site sourcing
10. Equipment sourcing including ‘dry plants’
11. Site analysis (investigation, sand search, clearing, excavating, etc)
12. Equipment maintenance
13. Timely procurement/supply of spare parts
14. Canal and channel construction and cleaning
15. Diesel procurement/supply
16. Workforce training/certifications
17. Licensing/Permits

In subsequent posts, I will expatiate on each of these areas of wealth creation in the business of dredging and how to generate wealth through them so you can identify where you fit in with your level of capital or information making the most out of it.

For more information as regards to wealth creation through dredging, contact the dredge consultant on contact@chineduetokwudo.com.ng or chineduetokwudo@gmail.com