Nigeria, with a population of about 165,000,000 people is grossly underprovided with an essential food component, which is protein. For example, data from the FOS, CBN, and FAO indicate that from cattle, less than 2kg of beef is available to an average Nigerian per year and just mere 4kg of eggs per annum is available to each Nigerian.
In fact, milk production has been nose diving or at best has remained constant since 1994.This scenario is compounded more so when the volume of egg supply is very low, being 10.56g per person per day as compared with the usual recommendation that an egg should be consumed by an adult per day. This recommendation would imply a crate of 30 eggs per month. This story also holds for other meat products including, chicken.
To ameliorate this problem of low-level of protein intake, there is the need for concerted effort, among the various stakeholders to bring about the massive production of protein based food items at competitive costs so that they would be affordable to the general masses. Aside from the other necessary economic reforms, massive investment poultry farming is one way of resolving the problem and invariably in the production of livestock feeds.
Poultry birds require different food formations at different stages of their lives. Some of the feed required is chicks mash, layers mash, broiler mash and growers mash.
However, the advancement in the poultry sector in Nigeria is currently being undermined by the escalating cost of feeds. Previous studies have shown that the high cost of compound feeds for poultry is derived largely from the exorbitant prices of feed ingredients, increasing competitive demand for them and scarcity of the conventional ingredients.
In order to reduce the feed cost which accounts for about 70% of the total cost of poultry production indigenous poultry feed enterprises came into existence. Most small scale poultry enterprises now depend on these indigenous feed rations. The raw materials are sourced locally. The feed constitutes mainly of maize, sorghum spent grains, groundnut cake, soya bean meal, fish meal and bone meal.
This report examines the financial viability of establishing a livestock feed processing plant in Nigeria. The installed capacity of the proposed factory is 2.5 tons of poultry feed operating for 8 hours which translates to 100 bags of 25kg livestock feed.
Report Type: Pre- Feasibility Report
Formats of Delivery: PDF / MS WORD
No. of Pages: 35 Pages
Publisher: Foraminifera Market Research
Release Date: 30/08/2015
Delivery time: 24– 48hours
Table of Contents:
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
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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