How To Establish And Run Cassava Farm Plantation In Nigeria (One Hundred Hectare); The Feasibility Report

Nigerian agriculture is characterized by significant regional diversity and a wide range of crop and livestock activities. While the sector—particularly the food sub-sector—faces challenges related to data availability and accuracy, existing statistics provide a useful overview of its development and its role in Nigeria’s economic growth and structural transformation.

In the 1960s, agriculture was the backbone of the Nigerian economy, contributing significantly to domestic production, employment, and foreign exchange earnings. Although the sector remained a major source of employment in subsequent decades, its role as the primary foreign exchange earner diminished with the emergence of the oil sector.

During the oil boom of the 1970s, the agricultural sector experienced stagnation, which contributed to a steady decline in its share of the Gross Domestic Product (GDP). Agriculture’s contribution fell from about 60% in the early 1960s to 48.8% in the 1970s, and further declined to approximately 22.2% in the 1980s. This downward trend was largely driven by inconsistent and often inappropriate economic policies relating to pricing, trade, and exchange rates, as well as the relative neglect of the sector and the distortions caused by the oil boom.

Despite this decline, Nigerian agriculture remains highly diversified, encompassing crop production, livestock, forestry, and fisheries. As of 1993 (at 1984 constant factor cost), crop production—being the primary source of food—accounted for about 30% of GDP, while livestock contributed approximately 5%, forestry and wildlife 1.3%, and fisheries about 1.2%.

Cassava stands out as one of the most widely cultivated and consumed food crops in Nigeria and across Africa. It is highly adaptable, thriving in a variety of soil types and ecological conditions. Cassava can be cultivated as a sole crop or intercropped with others such as maize, groundnuts, vegetables, and rice, making it a versatile option for farmers.

As the most important root crop in Nigeria, cassava plays a dual role as both a staple food and a key source of income for farmers and processors, particularly in rural areas. It contributes significantly to the agricultural sector, accounting for about 45% of agricultural GDP in terms of food and domestic utilization. However, despite its importance, industrial processing and value addition remain relatively underdeveloped.

Nigeria currently produces approximately 40 million tonnes of cassava tubers annually. These are used in the production of a wide range of products, including garri, starch, ethanol, flour, and adhesives. Given the strong and growing demand for cassava and its derivatives, there is substantial opportunity for investment across the value chain.

This report seeks to examine the financial viability of establishing a commercial cassava plantation in Nigeria. The proposed project will cover 100 hectares of farmland, with an expected yield of 20 tonnes of fresh cassava per hectare, utilizing improved, fast-maturing cassava stem varieties with a maturity period of approximately six (6) months.

Table of Contents

EXECUTIVE SUMMARY 1.0    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 2.0    Agricultural Practice 2.1.0 Collection of stems 2.1.1 Planting 2.1.2 Manures and Fertilizers 2.1.3 Weeding 2.1.4 Climate / Irrigation 2.1.5 Harvesting and Yield 2.1.5.1 Herbicides 2.2 Factors of Production/ Cultivation 2.2.1 Soil Type 2.2.2 Diseases and Pests 3. Marketing Plan 3.1 Description of product 3.2 Product delivery 3.3 The Opportunity 3.4 Pricing Strategy 3.5 Target Market 3.6 Distribution and Delivery Strategy 3.7 Promotional Strategy 4. Cultivation / Production Plan 4.1 Description of the Location 4.2 Stems / Raw Materials 4.3 Cultivation / Production Equipment 4.4 Cultivation / Production Process 4.5 Production Cost 4.6 Stock Control Process 4.7 Pre-Operating activities and expenses 4.7.1 Operating Activities and Expenses 4.8 Milestones 5.0 Organizational and Management Plan 5.1 Ownership of the business 5.2 Profile of the promoters 5.3 Key Management Staff 5.3.2 Management Support Units 5.4 Details of salary schedule 6. Financial Plan 6.1 Financial Assumption 6.2 Start - up Capital Estimation 6.3 Source of Capital 6.4 Security of Loan 6.5 Loan Repayment Plan 7.0 Business Risk and mitigation factor 7.1 Business Risks 7.2 SWOT Analysis

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