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 GDP shows a substantial variation and long-term decline from
60% in the early 1960s through 48.8% in the 1970s and 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 30% of the Gross Domestic Products (GDP), livestock about
5%, forestry and wildlife about 1.3% and fisheries accounted 1.2%.
One of the food crops grown in Nigeria is Maize. Maize (Zea
mays L.), or corn as it is called in USA, has a multitude of uses and ranks
second to wheat among the world's cereal crops in terms of total production.
Also, because of its worldwide distribution and lower prices relative to other
cereals, maize has a wider range of uses than any other cereal.
Maize can be processed into different products for various end
uses at the traditional level and on an industrial scale. While a large
proportion of products utilized in developing countries are obtained via
traditional processing, industrial processing meets the bulk of the demand in
developed countries.
Nigeria has an annual maize production in excess of 10.3 million
metric tons and is ranked as one of the top twenty largest producers in the
world.
This report examines the financial viability of establishing a
maize processing plant in Nigeria that would produce maize flour, maize grit, maize
bran and maize germ through the dry milling process. Maize flour is a major
ingredient in home cooking while maize bran used in animal feed production. The
germ is the primary product for making corn oil and one of the important
ingredients of animal fodder and maize grits as well as being used for food is
used in beer production.
Report Details:
Report Type: Pre- Feasibility Report
Formats of Delivery: PDF / MS WORD
No. of Pages: 38 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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