Plantain Flour Production In Nigeria,The Feasibility Report.

Nigerian agriculture is characterized by considerable regional and crop diversity.  Analysis of this sector, particularly the food sub-sector, is fraught with serious data problems.  However, the available statistics provide a broad overview of development in agriculture upon which we can make some broad generalizations about its role in economic development and structural change in Nigeria.

In the 1960s, the agricultural sector was the most important in terms of contributions to domestic production, employment and foreign exchange earnings.  The situation remained almost the same three decades later with the exception that it is no longer the principal foreign exchange earner, a role now being played by oil.

The sector remained stagnant during the oil boom decade of the 1970s, and this accounted largely for the declining share of its contributions.  The trend in the share of agriculture in the gross domestic product (GDP) shows a substantial variation and long-term decline from sixty percent (60%) in the early 1960s through forty-eight point eight percent (48.8%) in the 1970s and twenty-two point two percent (22.2%) in the 1980s.

Unstable and often inappropriate economic policies (of pricing, trade and exchange rate), the relative neglect of the sector and the negative impact of oil boom were also important factors responsible for the decline in its contributions.

On its diversity, Nigerian agriculture features tree and food crops, forestry, livestock and fisheries.  In 1993 at 1984 constant factor cost, crops (the major source of food) accounted for about thirty percent (30%) of the Gross Domestic Products (GDP), livestock about five percent (5%), forestry and wildlife about one point three percent (1.3%) and fisheries accounted one point two percent (1.2%)

One of the food crops grown in Nigeria is plantain. Plantain is among the foremost sources of carbohydrates in humid tropical Africa and contained thirty-five percent (35%) CHO, zero point two to zero point five percent (0.2 to 0.5%) fat, one point two percent (1.2%) protein, and zero point eight percent (0.8%) ash. In terms of gross value of production, plantain is one of the most important fruit in developing world.

Central bank of Nigeria (CBN) data (2003) indicates that plantain is one of the major stable food in Nigeria, it had the highest percentage increase in output over years 1999 to 2003, implying the existence of market potential but increase production in the country and Foraminifera Market Research seeks to expose the financial viability of producing plantain flour from raw plantain in Nigeria.

Plantain flour apart from been used as a substitute for garri especially for diabetic patients, also serve as a raw material used in the production of cakes, puff-puff, biscuit, bread and pan cakes.

The various uses which the product can be put to couple with the nutrition and medicinal effects of plantain, makes plantain a high soughed after product. Plantain flour is a cheap source of iron, protein and vitamin A and the product can be marketed through market women, food canteens, hotels and supermarkets.

The demand for the product is quite high in Nigeria and the raw material is also available in commercial quantity.

The proposed production volume is one and half tons (1.5) tons per day at one hundred percent (100%) capacity utilization and the plant would operate at eighty percent (80%) of the installed capacity for a single shift of eight (8) hours per day for three hundred (300) working days per annum.

Table of Contents

Table of Content 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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