The impact of COVID-19 pandemic and ensuing restrictions and toll on the economy have changed the nature and types of investments to embark on.
With the rise in cases of respiratory diseases, as witnessed in the Corona Virus pandemic, where many of the hospitals cannot meet up with demand, setting up oxygen gas producing firm becomes an essential venture. It is important to note that the few companies producing oxygen gas in the country cannot meet local demand. This can be confirmed with the recent pronouncement by the Lagos State Governor, Babajide Sanwo-Olu, that demand for oxygen gas at one of its main hospitals has increased fivefold in recent weeks to 350, six-litre cylinders a day and that the demand is on the increase.
Based on findings, within August 2020 and January 2021 the price of oxygen gas rose to N18, 000 and N20, 000 per cylinder, depending on the hospital. For details on comprehensive and workable feasibility studies, business plan, procurement and installations of strong and durable machines, standard packaging methods, funding arrangements, recruitment and training of manpower contact the writer.
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