Sweet Potatoes Chips Production in Nigeria; The Feasibility Report.

Sweet potato is tropical herbaceous plant which, by the nature of its temperature requirement, can be grown throughout Nigeria. States like Kaduna, Kano, Zamfara, and Sokoto in the North-west are currently leading in its production in the country.

Potatoes, the world’s 4th most popular food crop, after maize, wheat, and rice, is a widely consumed meal in every country. In Nigeria, it is consumed in over 500,000 households weekly. This highly nutritional crop belongs to the kingdom Plantae, the genus Solanum and is a starchy, tuberous crop from the perennial nightshade Solanum Tuberosum.

The explosive demand for their supply is largely triggered not just by their tasty nature, but by the highly nutritious value they contain. Depending on whether it is the sweet potato or the irish potato, a medium-sized potato gives an extremely low 110 calories, contains zero amounts of cholesterol, fat, sodium, and are rich in Vitamin C, Potassium, iron, Vitamin B6, and fibre.

Nigeria, a country blessed with diverse climatic and soil condition for the production of different agricultural produce, is the leading producer of potato in Sub-Saharan Africa, producing about 3,460,000 metric tons of sweet potatoes – a starchy, tuberous crop, which refer to the plant itself as well as the edible tuber, annually.

Sweet potato is traditionally consumed in boiled form with varying accompaniments including cowpea, rice, millet and benniseed. In the semi-arid zone, sweet potato flour is popularly used for sweetening local foods while in the urban markets of the humid south, sweet potato fried chips are produced and marketed.

Potato is a starchy, tuberous crop from the perennial Solanum tuberosum of the Solanaceae family. The word potato may refer to the plant itself as well as the edible tuber. Sweet potato is produced is almost all the states of the federation.

Frozen Potato Chips is a product derived from potato that is frozen to preserve them before actual preparation/use. Frozen Potato Chip is a product that takes off the stress as it is easy to prepare. Frozen Potato Chips when prepared/fried are called French fries. French fries are batons of deep-fried potato.

French fries are served hot, either soft or crispy, and generally eaten as part of lunch or dinner, or on their own as a snack, and they commonly appear on the menus of fast food restaurants. French fries are generally salted and are often served with ketchup; in many countries they are topped instead with other condiments or toppings, including vinegar, mayonnaise, or other local specialties. Potatoes as a world food are second in human consumption only to rice.

This report examines the financial viability of establishing a sweet potato chips production plant in Nigeria.
The demand for the product is quite enormous and very high in Nigeria. The raw material (Sweet Potato) is also readily available. The production technology is simple and the equipment’s are locally fabricated.

The proposed production volume is one (1) ton/day at 100% capacity utilization and the plant would operate at 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

EXECUTIVE SUMMARY 1.0 Business Overview 1.1 Description of the Business 1.2 Vision and Mission Statement 1.3 Business Objective 1.4 Critical Success Factor of the Business 1.5 Current Status of Business 1.6 Description of the Business Industry 1.7 Contribution to Local and National Economy 2. 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 3. 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 Project Implementation Schedule 4.0 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 5. 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 Account 5.7 Cash Flow Analysis 5.7 Viability Analysis 6.0 Business Risk and mitigation factor 6.1 Business Risks 6.2 SWOT Analysis

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