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%.
Any nation that requires economic development
must look inwards to identify areas where it has comparative advantage over
other nations and seek to develop the identified areas.
With a lot of fresh water bodies spread across
Nigeria, the nation surely have comparative advantage in the production of
crayfish. Crayfish, a crustacean of higher order found in fresh water is a very
popular spice in the tropics where they are used in the preparation of food. It
is estimated that about 12,000 MT of crayfish is produced annually in Nigeria.
Crayfish in Nigeria is presently sold in the
conventional markets in very unhealthy environments. Usage of packaging
technology is less competitive; even though crayfish consumption has increased
since 1996 by 79.1% (this amounted to an annual 12,000 metric tons in 2012).
The consumption will triple by 2017 when
Nigeria's population would be almost 170.56 million and medical benefits of
consuming crayfish are more realized in homes beyond its recipe.
The major
emphasis of this study is the commercial grinding and packaging of crayfish
making it available in hygienic condition and in readily accessible packages to
the growing middleclass in the country who combine their roles as mothers,
workers and cooks, and who scarcely have enough time to engage in daily
grinding of the crayfish they need.
Report Details:
Report Type: Pre- Feasibility Report
Formats of Delivery: PDF / MS WORD
No. of Pages: 38 Pages
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
Are you interested in purchasing this report?
Pay N 30,000 into
Please do contact us for our banking details.
Before payment, please do call us on 01- 29 52 413 / 08033782777. After payment, text your e-mail address to 08033782777 or send us a mail with the scanned teller to admin@foramfera.com .
The soft copy of the report would be delivery to your e-mail address within 24- 48 hours of payment confirmation.
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
