Welcome to Royal Timburg
Seeing a need, filling the need.

   
Introduction

Royal TimBurg Nigeria Limited is a Business Services and Investment Company registered in Nigeria by the Corporate Affairs Commission under the companies and allied matters act of 1990. We are poised to delivering quality and impeccable services as regards our wide range of Business and Investment projects which enhances development and productivity in major economic sectors in Nigeria.

Royal TimBurg is a fast growing firm, with interests in Engineering and Construction, Procurement and Haulages, Real Estate and Property Management, Business and Consultancy Services. We wish to partner with a number of individuals and corporate organizations which are equally economic stake holders in order to aid growth and development of our firm, partners and the Nation’s economy in general.

The major focus of our daily business activity is the Construction and Building Materials Industry which we have been developing in the last two years. We have been doing this by the establishment of a trade (merchandise) platform to identify specific needs in the Industry and provide quality niche products that will meet the special needs for a selected consumer group. 

We can boast of quality building blocks and inter-locking bricks which are arguably the best in the industry, thus we are not shy to expand. Our underlying objective is to pursue consumer satisfaction through value creation and ultimately achieve repeatable and sustainable market patronage for maximizing profits.

Trading activities popularly known to be peculiar to Nigerians of Igbo extraction has been a major source of income and wealth. For the fact that the huge Nigerian market lacks enough quality standards and strong trade regulations which has led to the influx of sub-standard products in almost every product line ranging from building materials to auto spares, we consider this a major business opportunity to offer quality-conscious buyers or consumers the channel to high-quality products at the most reasonable prices.

With a population of about 180 million people growing at an average annual growth rate of 2+% and a huge housing deficit of between 18 – 20 million housing units, Nigeria is no doubt a huge market for building materials. Royal TimBurg Nigeria Limited has been able to identify unique market potentials in the merchandising of housing materials specifically concrete products - blocks and interlocking bricks thereby intending to pursue this product line vigorously henceforth. According to UN-Habitat, the vast majority of over one billion human beings lacking adequate shelter are living in developing countries.  

Key Assumptions

The key assumptions in support of this business decision are highlighted below:

1.   The Nigerian population is huge and growing, currently put at 180million people and annual population growth rate at about 2.8% (2014 growth rate). This implies that construction of houses for residential, business and industrial use will continue to growth in the years ahead.
2.    There is a huge housing/homeownership gap in Nigeria, with not less than 18million housing deficit. This important industry will continue to witness huge commitment of resources from Government, corporate organizations and individuals in the years ahead.
3.    Housing otherwise known as shelter is one of the physiological needs of man. It is assumed that about 25% of an individual income goes on housing needs. This explains the importance given to shelter at the global level.
4.    Owing to the absence of industry regulation, there is an influx of substandard products in the housing sector. This trend offers us the unique opportunity to stand out to produce standard, quality and value-added products to quality conscious customers.
5.    The market segmentation reveals that there exist quality-conscious consumers who are willing to pay the price of standard products.
6.    Advancement in technology has greatly affected concrete products especially the blocks and interlocking bricks.

  
Oluwatimilehin Dare-Alao
Head, Operations and Business development
08163323035, 08098130986