Hence, findings show a minimum of N10 million is needed to start this business in Lagos, Abuja and Port Harcourt while less could be required in other states.To start an event centre, some steps need to be taken. They are: conducting a feasibility study, choosing a niche, writing a business plan, registering your business, choosing a location, acquiring the land, building, decorating the event centre, applying for the necessary permits, hiring your staff and publicising your business.
So, if the centre has a high occupancy rate, it can be generating between N3 million and N4 million weekly. Although, COVID-19 pandemic seems to have affected this line of business, but things would gradually come back to life as the pandemic eases off.Olufunbi Akinyosoye, a certified entrepreneur and the CEO of Dunamis Events said:”Grit and grace are what it really takes to set up a company. You just need to roll up your sleeves and get to work.