This profile looks at establishing a project that will make portable medical first aid kits. A first aid kit is a collection of supplies and equipment for use in giving first aid. First aid kits may be made up of different contents depending on who has assembled the kit and for what purpose. It may also vary by region due to varying advice or legislation between governments or organizations.
This project will produce 260 medical first aid kits per month totaling 3120 per year, which generates total revenue of NGN 109,200,000 per year.
First aid kits are made by assembling essential medical tools & equipment and the necessary medicines & drugs. Standard kits often come in durable plastic boxes, fabric pouches or wall-mounted cabinets. It is recommended that all kits are assembled in a clean, waterproof container to keep the contents safe and aseptic. Kits should also be checked regularly and restocked if any items are damaged or out of date.
Contents of the First Aid Box
|Disposable gloves are often found in modern first-aid kits.|
|Regular strength pain medication|
|Gauze and Low-grade disinfectant.|
|Adhesive bandages (band-aids, sticking plasters).|
|Moleskin—for blister treatment and prevention|
|Dressings (sterile, applied directly to wound)|
|Saline for cleaning wounds or washing out foreign bodies from eyes|
|Soap- used with water to clean superficial wounds once bleeding is stopped.|
|Antiseptic wipes or sprays for reducing the risk of infection in abrasions or around wounds. Dirty wounds must still be cleaned for antiseptics to be effective.|
Daily Raw materials for one Kit
Direct Materials, Supplies, and costs (CBN Exchange rate – $1 to NGN 380 as of 10th of May, 2021)
|Unit Cost NGN||Qty/ Day||Pdn Cost/Day NGN||Pdn Cost/Mth NGN||Pdn Cost/Year NGN||Pdn Cost/Year USD|
General costs (Overheads)
|Cost Per Month NGN||Cost Per Year NGN||Cost Per Year USD|
|Total Operating Costs||3,319,000||39,828,000||103,989|
Project Product Costs and Price Structure
|Item||Qty/Day||Qty/Yr||Unit Price||TR/YR NGN||Total Revenue(USD)|
|First Aid Kit||10||3,120||35,000||109,200,000||287,368|
Profitability Analysis Table
|Profitability Item||Revenue Per Year NGN||Per Year
Revenue Per Year USD
|Less Prod & Operating Cost||39,828,000||103,989|
Sources of Supply of Raw materials: Raw materials are readily available on the Nigerian market.
Sources of Capital: Bank or Government Loans