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CASSAVA FLOUR PRODUCTION IN NIGERIA; THE OPPORTUNITIES.
Cassava tubers is one of those agricultural products that can be cultivated in any part of the country . This is possible because they grow in relatively poor soil and in low rainfall areas.Nigeria remains the largest producer of cassava in the world producing both varieties {Sweet Cassava,Manihot Palmata and Bitter Cassava ,Manihot Utilissima} in large quantity.
Cassava can be processed into garri,fufu,flour and livestock feeds for human and animal consumption.The market demand for cassava derivatives is increasing by the day especially in the flour mill industry ,where the governement policy of making composite bread flour mandatory, combining 10% of unfermented cassava flour with 90% wheat flour since January 2005 ,has created a market valued at over twenty-eight billion naira { N28 Billion}.
This has created an opportunity for cassave farmers to add value to the product and make more money before selling. The investor can choose to process the product into cassave cake and sell to cassava flour miller or producing cassava flour directly from fresh cassava tubers and selling to the wheat flour millers directly.
The plant for the processing of fresh cassava tubers to flour can be fabricated locally and the cost would be dependent on the scope the investor wants to operate.
To process the fresh cassava tubers into cake the machine required is a grater and an hydraulis press. For the manually operated plant, the financial requirement is about N300,000 while the electrical driven cassava cake production plant would cost about N 800,000 producing two {2} tones of cassava cake per hour.
An ideal cassava flour mill can produce a minimum of three {3} tones of cassava flour per day and would need an input of 12 tones of fresh cassava tubers.That is,two {2} tones of fresh cassava tubers will produce one {1} tone of cassav cake and two {2} tones of cassava cake will produce one {1} tone of cassava flour.
The estimated total project cost for the cassava flour production plant is given below.
Preliminary Expenses N150,000
Plant and Machinery N3,000,000
Accomodation N750,000
Furniture N300,000
Vehicle N850,000
Working Capital N500,000
Total N 5,500,000
From the investment analysis an average turnover of N25,000 Net is expected per day and the return on investment is expected within a year of operations.
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CASSAVA FLOUR PRODUCTION IN NIGERIA; THE OPPORTUNITIES.
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