Looking for a comprehensive and up-to-date guide that elucidates the price of drilling a borehole in Nigeria? Read on.
One of the most important natural resources in the world today is water. Aside from the fact that no one can live without it, water is essential to all life. Even though the world has been incredibly blessed with a lot of abundance, the key challenge is maintaining and conserving the abundance of our resources. Drilling boreholes is one of the most effective ways to do this.
This article will examine the current cost of drilling a borehole in Nigeria.
Cost of Borehole Drilling in Nigeria
In Nigeria today, one of the most effective and popular methods of water storage is borehole drilling. Different stages and drilling techniques are used, and their costs vary. The procedure of digging a borehole may be difficult and expensive. In addition to the financial expense, it also requires a lot of labor, albeit this depends on the sort of borehole drilling technique you choose.
In most places of Nigeria, water boreholes are typically between 100 and 200 feet deep, depending on the local water supply. It should be mentioned that the real cost of a typical borehole drilling procedure depends on the different forms of borehole drilling, which will be covered in the next session. The typical cost of drilling a borehole ranges from N120,000 to N600,000, depending on a few key parameters that are covered in the following section.
READ – DOWNLOAD THE BUSINESS PLAN AND FEASIBILITY FOR BOREHOLE DRILLING
Factors Affecting Borehole Drilling Costs in Nigeria
There are several borehole drilling methods, and these methods largely determine how long the drilling operation lasts. Many additional elements also influence the final pricing that they command. These factors—which are described below—have particular influence on the process’s final cost, therefore if you want to reduce costs, you need to look at these procedures and find a way to do so while maintaining excellent quality. These are a few of these elements.
1. Type of Borehole drilling process
This is the factor that has the biggest impact on how much the procedure really costs. The manual drilling technique and the heavy-duty borehole drilling process are the two primary forms of borehole drilling that are used in Nigeria. The borehole must be drilled manually, which takes more than ten persons.
This method needs more people and takes longer, but it finally reduces costs to the absolute minimum. This method is often slower and used in low-budget locations where the topography and drilling procedures are not as complicated. The normal price range for this is N120,000 to N300,000. The heavy-duty approach is the second strategy.
The heavy-duty approach is the second strategy. Due to the use of powerful equipment to drill the borehole, fewer workers are needed in this procedure. In contrast to the manual technique, this approach is quicker and more dependable. It is more expensive than the manual approach, though. Although they occasionally cost much more, the heavy-duty borehole drilling technology typically costs between N300,000 and N600,000 in Nigeria.
2. Location
The location also has a significant impact on borehole drilling costs. The cost of living varies greatly between cities. You wouldn’t, for instance, compare the cost of borehole drilling in Lagos and Abuja to the cost in some other regions of the nation. This is mostly due to the higher cost of living in these areas, which drives up the cost of the supplies required for the procedure.
Additionally, the price may greatly increase if the use is highly commercial and there are several individuals present. Both the manual approach and the powerful way are impacted by this.
The Things You Need to Know About Borehole Drilling
Borehole Drilling is exactly what it sounds like: creating a borehole, or narrow, deep hole in the ground. There are several methods for drilling a borehole, and the ideal one depends on the location. It is important to confirm that there is a workable water supply before digging a water borehole. The water that was stored there may have remained there for many years or it may have fed another stream. You can get at the water by digging into it thanks to the pressure from below.
If you live somewhere with easy access to public water, you might find it strange that someone would want a well dug. However, people who live in places where water is scarce and not very clean could have a different experience. Since it may be difficult for residents in this area to acquire water, they have developed various methods to manage their supplies, with borehole drilling being one of the most practical.
Many geological businesses have recently shifted their attention to borehole drilling. Not only is this viewed as a fantastic commercial opportunity, but it’s also a fantastic chance to use powerful equipment to help people during the drilling process.
How To Download The Borehole Drilling Business Plan Template PDF (with financial analysis)
Above is a part of the borehole drilling business plan template in Nigeria. If you need the complete business plan, follow the procedures to download it.
Pay the sum of N8000 (eight thousand naira only) to the account detail below:
Bank: GTBank
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
Ac/No: 0238933625
Type: Saving
Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the borehole business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the business plan in Nigeria to your email address where you can easily download it.
