Tuesday, September 22, 2015

PRE-FRIED FROZEN POTATO CHIPS {FRENCH FRIES} PRODUCTION IN NIGERIA, THE FEASIBILITY REPORT.

Nigeria a country blessed with diverse climatic and soil condition for the production of different agricultural produce, is the leading producer of irish potato in Sub-Saharan Africa with plateau state producing about 200,000 MT of Irish potatoes annually.

Potato {Solanum tuberosum L.} belongs to the tuber crops and there are two main types – Irish potato and sweet potato (Ipoema batata) which is raised through Vines, whereas the former are raised through tubers.

Irish potato was first introduced in Nigeria in the late 19th Century, through missionary activities. Irish potato is one of Nigerian staple foods. It requires cold water for its growth and hence is chiefly grown on and around Jos, Plateau State and other areas in Benue and Kaduna States. It is a very rich source of starch and it has a high calorific value.

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.

Despite being first introduced outside the Andes region four centuries ago, today potatoes have become an integral part of much of the world's cuisine and are the world's fourth-largest food crop, following rice, wheat, and maize.

The main producing state in Nigeria is plateau state where about 90% of the nation’s production is domiciled and where an altitude ranging from 1200-1400 m above sea level and summer temperatures that rarely exceeds 35 degrees makes for a climate well suited for potato production.

Apart from Plateau state, potato is also be grown on the Obudu highlands in Cross River State, Mambilla Plateau in Taraba State and Biu Plateau in Borno State. During the cold harmattan months of November – February, potato can also be grown in about eleven Northern States, such as Borno, Yobe, Zamfara, Bauchi, Katsina, Kano, Gombe, Jigawa, Sokoto, Kaduna and Kebbi under irrigation.

This report examines the financial viability of establishing a frozen potato chips {French Fries} processing and packaging plant in Nigeria.

The installed capacity of the proposed factory is 600kg/h of frozen potato chips {French fries} operating at 75% installed capacity 

Report Details:

Report Type: Pre- Feasibility Report

Formats of Delivery: PDF / MS WORD

No. of Pages: 39 Pages ( Text Part) / 6 Pages (Financial Part)

Publisher: Foraminifera Market Research

Release Date: 30/08/2015

Language: English

Delivery time: 24– 48hours

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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