Price of Mining Pumps in Nigeria

February 5, 2024


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 pumps

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

                                     80,000.00

10HP Mining Pump

                                   150,000.00

15HP Mining Pump

                                   250,000.00

20HP Mining Pump

                                   500,000.00

25HP Mining Pump

                                   700,000.00

30HP Mining Pump

                               1,500,000.00

40HP Mining Pump

                               6,000,000.00

50HP Mining Pump

                               7,000,000.00

100HP Mining Pump

                             13,000,000.00

200HP Mining Pump

                             21,000,000.00

1000HP Mining Pump

                             50,000,000.00

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 Conditions

Economic factors, such as inflation, exchange rates, and overall economic stability, can influence the pricing of goods and services, including mining pumps.

Government Policies

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.

You can buy irrigation pumps, fire pumps, mining pump, kama pumps, diesel pumps and other types of pumps here.

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