7 Production of candle

With erratic power supply in the country, there is no doubt that production of candlestick is still a money-spinner. A sizeable group of Nigerians rely solely on candle to battle the erratic power supply. With N10,000 you can have a candle mould, which produces 16 candle sticks at a time and go about 50 times a day translating into 800 per day. This is a situation when you are starting with N20,000 to N25,000. To produce the 16 pieces does not take you more than 10 minutes, just melt your wax, throw it in the mould, and it congeals in 5 minutes, throw in another wax, which you must have melted, while the previous one congeals and you go on and on. So instead of starting with N100, 000 – N200, 000, you can actually start with N45,000. The startup requirements are mold, which cost about N30,000, Wax N1,000, Thread N1,000, heat source N600, Bowl, Packaging Nylons N1,500, Ceiling Machine N2,000 and logistics.