Cassava Based Adhesive Production In Nigeria; The Feasibility Report

Nigeria currently produces approximately 40,000,000 tonnes of cassava tubers annually, making it the largest producer of cassava in the world. Recognizing the strategic importance of cassava in promoting self-sufficiency and reducing reliance on imports, the federal government has launched national programs aimed at increasing the production of high-quality cassava flour (HQCF). One of the key objectives of these programs is to substitute cassava flour for imported wheat flour in various industrial applications, thereby conserving scarce foreign exchange and fostering local industrial development.

Research has shown that high-quality cassava flour can serve as a versatile raw material for industrial adhesive production. Adhesives are substances capable of bonding materials together through chemical or mechanical attraction. They are widely used across construction, furniture manufacturing, packaging, footwear, woodworking, paper, and many other industries. Adhesives may take the form of ready-to-use liquids, dry powders, or gums, and can be formulated to meet specific functional requirements such as water resistance, heat tolerance, or bonding strength.

This feasibility report seeks to examine the financial viability of establishing a cassava-based adhesive production plant in Nigeria. By leveraging abundant local cassava resources, the project aims to produce high-quality adhesives that can compete with imported brands while meeting growing domestic demand.

The demand for adhesives in Nigeria is robust and expanding. With a population exceeding 165 million people, an estimated national population growth rate of 5.7% per annum, and an average economic growth rate of 3.5% over the past five years, the country presents a large and growing market for adhesive products. Industries such as construction, furniture, packaging, automotive, and consumer goods continue to drive the need for adhesives, while increasing urbanization and infrastructural development further boost demand.

The adhesive business is highly versatile due to the variety of formulations that can be produced. A manufacturer may choose to specialize in a particular type of adhesive—such as white glue for woodworking, PVA adhesives for paper and packaging, or industrial-strength bonding agents for construction—or produce a diverse product range to meet the needs of different end users. This flexibility allows producers to adapt to market trends, customize products for specific industries, and capture a larger market share.

Currently, a significant portion of Nigeria’s adhesive demand is met through imports, while domestic production accounts for only a small fraction of the total supply. It is estimated that the national demand for adhesives exceeds 350,000 metric tonnes annually, creating a substantial gap that local producers can exploit. By establishing a local adhesive manufacturing facility, this project would not only reduce the country’s reliance on imports but also generate employment, stimulate value addition within the cassava value chain, and contribute to the development of downstream industries.

In summary, cassava-based adhesive production in Nigeria represents a highly viable and strategic industrial opportunity. The combination of abundant raw material supply, growing domestic demand, and favorable government policies supporting local content presents a strong business case for investment.

This project, therefore, explores the potential for establishing a mechanized cassava farm linked to an adhesive production plant, with the aim of producing high-quality adhesives for diverse industrial applications while contributing to Nigeria’s economic growth and industrialization goals.

Table of Contents

EXECUTIVE SUMMARY Business Overview 1.1 Description of the Business 1.2 Vision and Mission Statement 1.3 Business Objective 1.4 Value Proposition 1.5 Critical Success Factor of the Business 1.6 Current Status of Business 1.7 Description of the Business Industry 1.8 Contribution to Local and National Economy Marketing Plan 2.1 Description of product 2.2 Product Packaging and delivery 2.3 The Opportunity 2.4 Pricing Strategy 2.5 Target Market 2.6 Distribution and Delivery Strategy 2.7 Promotional Strategy 2.8 Competition Production Plan 3.1 Description of the Location 3.2 Raw Materials 3.3 Production Equipment 3.4 Production Process 3.5 Production Cost 3.6 Stock Control Process 3.7 Pre-Operating activities and expenses 3.7.1 Operating Activities and Expenses 3.8 Milestones Organizational and Management Plan 4.1 Ownership of the business 4.2 Profile of the promoters 4.3 Key Management Staff 4.3.2 Management Support Units 4.4 Details of salary schedule Financial Plan 5.1 Financial Assumption 5.2 Start up Capital Estimation 5.3 Source of Capital 5.4 Security of Loan 5.5 Loan Repayment Plan 5.6 Profit and Loss Analysis 5.7 Cashflow Analysis 5.8 Viability Analysis Business Risk and mitigation factor 6.1 Business Risks 6.2 SWOT Analysis

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