Introduction:
Terrazzo floor tiles have gained significant popularity in Nigeria due to their durability, aesthetic appeal, and versatility in design. This executive summary presents the findings of a comprehensive market and feasibility study conducted to assess the viability of establishing a terrazzo floor tiles production venture in Nigeria.

Market Overview: 
Terrazzo floor tiles have been a timeless flooring system, tracing their origins back to ancient Greece and reaching their zenith in Venice. In Nigeria, Terrazzo tiles have seen a resurgence due to their durability, aesthetic appeal, and versatility. The Nigerian market for Terrazzo tiles is driven by the construction boom, the need for high-quality flooring solutions, and the renovation of existing infrastructure.

Demand Analysis: 
The demand for Terrazzo tiles in Nigeria is robust, The market is segmented into institutional (30%) and retail (70%), with the latter showing a higher profit margin. The current housing deficit, estimated at over 16 million units, and the SDG for housing underscore the urgent need for construction materials, including Terrazzo tiles.

Supply Chain and Production Capacity: The proposed Terrazzo tile production plant aims to fill the supply gap by producing a wide range of tile sizes. The plant is expected to operate for eight hours a day, 300 days a year, ensuring a steady supply to meet the market demand.

Technical Feasibility:
The technical feasibility analysis evaluates the production process, required machinery and equipment, raw material sourcing, and production capacity. With advancements in technology and access to quality raw materials locally, establishing a terrazzo floor tiles production facility in Nigeria is deemed technically feasible.

Financial Analysis:
Financial projections demonstrate the economic viability of the proposed venture, including startup costs, operating expenses, revenue forecasts, and return on investment. This study assesses various financial scenarios, sensitivity analysis, and risk factors to provide stakeholders with a comprehensive understanding of the project's financial implications.

Overall, the market for terrazzo floor tiles in Nigeria presents a promising opportunity for new entrants. The growing construction industry, import reliance, and availability of raw materials create a favorable environment. However, success hinges on effective competition strategies, stringent quality control measures, and technical expertise in production.