Start a Charcoal Business in Nigeria and Earn ₦1.7m Monthly

Do you want to start a hardwood charcoal business in Nigeria, price of a bag per kg and ton, list of importers, exporters, suppliers and buyers?

If YES, then this is the only post to read.

We had discussions with some individuals who desire to start a charcoal business in Nigeria, and we must say it’s a brilliant idea that can help boost your financial life.

The charcoal business is currently one of the most profitable and fantastic businesses to venture into.

Because you can decide not to market to only the woman who sells food in your street, your neighbors who use charcoal for cooking, when there is a scarcity of gas.

You can spread your coast and even turn it into a global business.

Reasons to Start a Charcoal Business in Nigeria

Here are the reasons you should start a charcoal business in Nigeria today:

1. Easy to Start

Starting a charcoal business is straightforward.

All you need is capital and a busy space.

Learn how to source for charcoal and market it, and you’ll be making cool cash daily.

2. High Demand

Another reason to start a charcoal business in Nigeria is its high demand.

You will always make sales no matter what.

Especially now that gas and kerosine prices are on the top side and not everyone can afford them.

People use charcoal as a substitute for gas and kerosene.

You can also look at the business from an exportation perspective.

3. Minimal Startup Capital

Instead of staying inactive with no source of income, get started already.

You don’t need to break the bank to start.

You simply need ₦50,000 for a retailer or from ₦500,000 upwards if you want to go into wholesaling.

Capital for someone interested in charcoal exploration and charcoal company will be higher.

4. No Certification

This may sound funny, but it’s not funny at all.

Some people fear starting a business because they didn’t go to school.

The charcoal business in Nigeria is for everyone who has the startup capital.

Both graduates and non-graduates can make money from it.

All that is needed is to learn the ropes, know where to get your charcoal, and learn some marketing tips, and you’re good to go.

5. They Are Not Perishable Goods

Charcoal is a substantial business that will not give you high blood pressure as an entrepreneur.

It doesn’t spoil once you don’t keep them in the rain.

Steps to Starting a Charcoal Business in Nigeria

Here are the steps to start a profitable charcoal business in Nigeria:

1. Location

Set up the business in a place where the demand is high; such places may be where low-income earners or middle-income earners live.

If you set it up in a high-class area where the residents can afford gas usage, you are on your own.

Ensure the place you are settling for has few charcoal businesses or none.

2. Explore the market

Before opening any business, research the market first.

Find out where there is a demand for charcoal and where you can buy charcoal for less to re-sell higher to make a profit.

Often, it is best to purchase charcoal in rural areas and sell it in big cities in large quantities.

3. Identify a supplier

It will be wise to identify where you will buy or who will supply you with the charcoal consistently.

When customers know they will always get charcoal from you, then you already have a steady business.

Your supplier should be someone who deals with quality charcoal so you can sell fast.

Don’t sell low-quality charcoal because sales will be low, and you will permanently lose customers.

4. Source for funds

It’s fantastic if you already have some money for your business.

If not, ensure that you source for it before starting.

You need money before you begin your business, and the charcoal business in Nigeria is no exception.

You can consider requesting loans from friends and family or getting a small loan from a bank.

Know that the business doesn’t cost much to start.

So, do not stress yourself beyond the limit.

5. Think Marketing

You can open your stall where buyers can come and buy charcoals.

If you have a large vehicle that can be used for deliveries, offer to deliver to your customers directly.

Either way, it is best if you package your charcoal in bags and place your name/logo on it so that people know where they should come to get it.

Contact food sellers and companies because they are among your target audiences.

6. Provide Excellent Customer Service

Providing excellent customer service should be at the top of your list in setting up this business.

It remains one of the best marketing strategies because they will always talk about your business to their friends and family, and anyone who cares about buying charcoal.

Charcoal Price per Ton in Nigeria

Charcoal Type Wood Type Price per Ton
Restaurant Grade Hardwood (Ayin) ₦120,000
Restaurant Grade Softwood ₦80,000
Barbeque (BBQ) Hardwood (Ayin) ₦60,000
Barbeque (BBQ) Softwood ₦40,000
Shisha Hardwood (Ayin) ₦195,000

Price of a Bag of Charcoal in Nigeria

Charcoal Type Wood Type Price per 25 kg Bag
Restaurant Grade Hardwood (Ayin) ₦5000
Restaurant Grade Softwood ₦2000
Barbeque (BBQ) Hardwood (Ayin) ₦1,500
Barbeque (BBQ) Softwood ₦1000
Shisha Hardwood (Ayin) ₦9000

List of Charcoal Buyers in Nigeria

Here is the list of charcoal importers, exporters, suppliers, and buyers in Nigeria:

  • A.J Charcoal (Nig) LTD.
  • Sizco N Grace Enterprises
  • Masroyal
  • Pcharcoal
  • Ameeyna Charcoal Distributor
  • Biu Women Castor and Jetropha Farmers Association
  • A & T Charcoal Industry
  • Idowu Farms
  • Bethel and Peniel Global Services Limited
  • H R Duro and Son’s Farm Enterprise
  • Aquarius13 Ltd
  • DMM Agro Products

Charcoal Business Cost

The cost of starting a charcoal business in Nigeria will vary depending on several factors, including the size and location of your business and the level of service you provide.

Expect to spend within ₦50k to ₦1m to start your charcoal business in Nigeria.

Countries to Export Charcoal to from Nigeria

Here are the countries you should export your charcoal to from Nigeria:

  • Belgium
  • Denmark
  • Egypt
  • France
  • India
  • Iran
  • Israel
  • Italy
  • Jordan
  • Lebanon
  • Netherlands
  • Norway
  • Oman
  • Spain
  • Turkey
  • United Arab Emirate
  • United Kingdom (UK)

Is Charcoal Export Banned in Nigeria?

No, there is nothing of such.

The exportation of charcoal is not banned in Nigeria.

There is now regulation guiding business affairs by the National Environmental (Control of Charcoal Production and Export) Regulations.

To export charcoal from Nigeria, get a permit from the Federal Department of Forestry.

You must ensure the charcoal you sell is manufactured using environmentally friendly methods.

Is Charcoal in High Demand in Nigeria?

There is an enormous market for charcoal in Nigeria, which makes it in high demand.

It is one of the primary fuel sources for preparing meals, heating, and other domestic and commercial uses.

With an approximately yearly production of over 3 million metric tons, Nigeria is one of the most significant producers and exporters of charcoal in the world.

How to Market Your Charcoal Business in Nigeria

Here are the ways to market your charcoal business in Nigeria:

  • Understand who your target audiences are.
  • Know how to describe the benefits of charcoal, and now it can help people spend less on gas and kerosine.
  • Consider social media to market your business.

Charcoal Export Business in Nigeria

The charcoal export business in Nigeria is a lucrative business with a lot of potential.

Nigeria is the world’s second-largest producer of charcoal, and the demand for charcoal is booming around the world.

To start a charcoal export business in Nigeria, follow these steps:

1. Business Registration

Register your business with the Corporate Affairs Commission (CAC) online.

2. Get the Permits and Licenses

Get the permits and licenses from the Nigerian Export Promotion Council (NEPC) and the Nigerian Customs Service.

3. Find Reliable Suppliers

Find reliable suppliers of high-quality charcoal online or through your local chamber of commerce.

4. Find Buyers

Find buyers for your charcoal online or through trade shows and exhibitions.

5. Arrange Shipping and Logistics

Arrange shipping and logistics for your charcoal.

Do this yourself or hire a freight forwarder.

Once you have taken these steps, you will be ready to export charcoal from Nigeria.

Here are tips for success in the charcoal export business in Nigeria:

  • Make sure that you are exporting high-quality charcoal. This will help you build an excellent reputation and attract repeat customers.
  • The charcoal export business is competitive, so offer competitive prices.
  • Provide excellent customer service to your buyers. This will help you build long-term relationships with your customers and grow your business.


Starting a charcoal business in Nigeria can be a challenging but rewarding experience.

With careful planning and execution, you can build a successful business that meets the needs of your customers.

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Saint Chinedu

My GOAL is to equip you with the right strategy and working information to improve your academic performance, financial situation, and health this month.

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