From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.
SOFT COPY SUBSCRIPTION
Annual subscription x 12 issues
Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!
You would also have 12 months access to over 50 market research reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues
Subscribe Now!
For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone
CORN FLAKES PRODUCTION IN NIGERIA; INVESTMENT OPPORTUNITY IN NIGERIA
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. Nigeria has an annual maize production in excess of 7 million metric tons and ranges as the ten largest producers in the world and this articles examines the investment opportunity in establishing corn flake production plant in Nigeria.
The major raw material used for the manufacture of corn flakes is maize. Maize is grown in all the parts of the country. Some of states that maize is produced in large quantity in Nigeria includes Plataeu, Kano, Kaduna, Sokoto, Gombe, Bauchi, Zamfara, Benue , Kogi , Nassarawa and Taraba.Sugar is another raw material used for the manufacture of corn flakes.Other ingredients including cocoa powder, salt, malt and flavors which can be sourced locally.
The production process to make corn flakes is stated below
I. Raw Material: The best material is hard dent corn, because of its transparency after gelatinization and good looking of the products.
II. Adopting the drying-degerming method. First, to regulate the moisture with the hot steam and hot water exceeding 90℃.And then to pre-grind the corn without germ. The mixture would separate out grits after evenly sieving.
III. Ingredients: To add the salt, malt and the other ingredients with the water during cooking the grits, it can make the water content up to 20％～35％, then to cook the grits with steam of 1.47X105P until gelatinized to semi-transparent.
IV. Drying: to dry and extrude the grits at 66℃ until the moisture is 19％～20％, cool it down to 30～40℃. Then to press the flake to 0.7～1mm with steel roller. Before pressing, the corns should be made dispersedly to ensure the chips evenly distributed.
VI. Roasting: Temperature: 250～350℃, Time: 20～150 seconds. to make the moisture down to 10％. To fry the chips with the temperature not exceed 200℃，the corn chips would be crispy.
VII. Spraying enhancer: To spray with nutrient substance to make it intensified corn chips or spread on sugar, flavor if necessary.
The process is simplified below
Corn →Cleaning →Peeling and Degerming →Classifying →Cooking →Drying & Rlending →Rolling, Flaking or Extruding →Toasting →Cooling →Packing →Finished Products
Depending on the production production process adopted, some of the equipments required for the production of corn flakes includes cleaning equipment, degermer, roller mills,sifters, grinding tables,Storage (Silo), Mixer, Extruder Cooker, Coating Machine, Storage Bin, Packaging Machine and aspirators.
Corn flakes are food made by combining corn with sugar, vitamins and minerals. They are usually served as breakfast largely taken with milk.
Currently corn flakes is consumed by the international community, and a portion of middle and upper income groups of the urban population.
There is high demand for corn flakes in Nigeria. With a population of over 165 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for corn flakes.
Do you know you can access to over 50 market research reports and our monthly E- Magazine for 12 months for just N 5,000?
Click on the link below to know more about this offer.
http://www.foramfera.com/index.php/membership-zone
At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.
Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.
Should you require a details feasibility report on the subject matter, please do use any of the means below to arrange a meeting
Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 {Monday – Saturday; 8 am – 6 pm}
E-Mail Address: enquiries@foramfera.com
CC: foraminiferamarketresearch@yahoo.com
Office Address:
61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suit 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.
Like and Follow us on
Facebook: http://www.facebook.com/pages/Foraminifera-Market-Research/144471568901109?ref=hl
Twitter: https://twitter.com/fmarketresearch
HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA
Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.
The training cuts across different segment of the economy to include Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism and Transportation and are facilitated by seasoned professionals in their respective fields.
Please do visit the link below to access available training programmes
http://foramfera.com/index.php/human-development-programmes-and-training-opportunity-in-nigeria
We prepare business plan, feasibility study and market report for the small and medium scale industries and develop the entrepreneurial capacity of our client with the aim of providing the much needed business data in Nigeria.
In keeping with our vision of providing services that adds value to our clients business and resources to develop their business into a strong and visible global brand, we would like to introduce to you to our sister websites
www.nigeriaoilandgasportal.com {The one stop for the oil and gas industry in Nigeria}
www.nigeriabusinessplace.com {Online Business Forum}
The
details in this article is based on
information from various sources that we
believe are reliable; however no representation
is made that it is accurate or complete.
While reasonable care has been taken in
preparing the articles, no responsibility or
liability is accepted for errors of fact or
for any opinion expressed herein. The articles
are for information purposes only.
Foraminifera
Market Research accepts no liability
whatsoever for any direct or
consequential loss arising from any use of the
articles or its contents.
