The price of mining pumps in Nigeria ranges from ₦1 million to ₦50 million depending on the capacity and other factors. For instance, the price of a 100HP mining pump in Nigeria is ₦11 million – ₦20 million.
This mining pump is a 50 Horse Power (HP) diesel powered pump used for the movement of water, minerals and ore from mining pits or ponds. This mining pump comes with a diesel engine, automatic key starter placed on a cart with tyres.
The mining pump is rugged and can work in tough and rough terrains. It can also be used in farming operations, irrigation operations, construction and flood management.
Price of Mining Pump in Nigeria
The table below shows the price of mining pumps in Nigeria:
Type of Mining Pump
Price of Mining Pump in Nigeria (₦)
5HP Mining Pump
10HP Mining Pump
15HP Mining Pump
20HP Mining Pump
25HP Mining Pump
30HP Mining Pump
40HP Mining Pump
50HP Mining Pump
100HP Mining Pump
200HP Mining Pump
1000HP Mining Pump
Factors affecting the price of mining pumps in Nigeria
The following are some of the factors affecting the prices of mining pumps in Nigeria:
Brand and Quality
Established and reputable brands often command higher prices due to their track record and reliability.
Higher quality materials and manufacturing processes can contribute to a higher price. For example, the prices of German made mining pumps are usually higher than the price of Chinese made pumps.
Capacity and Performance
The capacity and performance specifications of a mining pump, such as the pumping rate and pressure, can significantly impact its price. Higher capacity pumps with advanced features may cost more. The price of a 5HP mining pump is usually lesser than the price of a 20HP mining pump.
Technology and Features
Advanced technological features, such as smart monitoring systems, automatic controls, and energy efficiency, can contribute to a higher price.
Import Duties and Taxes
Import duties and taxes imposed by the government on miningfighting equipment can affect the final price of mining pumps. These costs are often passed on to the consumers. The recent increase in import duty in Nigeria is already affecting the prices of mining pumps.
Local Regulations and Standards
Compliance with local safety standards and regulations may necessitate additional manufacturing processes or materials, affecting the cost of production and, subsequently, the price of mining pumps.
Distribution and Logistics
The cost of distribution, including transportation and logistics, can impact the final price of mining pumps. Factors such as shipping costs, import/export fees, and local distribution expenses play a role.
Market Demand and Supply
The basic economic principle of supply and demand affects prices. If there is high demand for mining pumps and a limited supply, prices may increase.
Economic factors, such as inflation, exchange rates, and overall economic stability, can influence the pricing of goods and services, including mining pumps.
Government policies related to miningfighting and safety regulations can impact the pricing of mining pumps. Changes in policies or new requirements may lead to adjustments in prices.
Where to Buy Mining Pumps in Nigeria
Veggie Concept is a reputable dealer of mining pumps in Nigeria. You can also get mining pumps from other accredited pump dealers in Nigeria.
To order or buy a mining pump, please call us on 08066437109.