Until
the late 1970’s when hydrocarbon was discovered in commercial quantity in
Oloibiri, present day Bayelsa state, Agriculture remained the mainstay of the
economy contributing over 90% of the Gross Domestic Product (GDP) of the
country as against the less than 40% it now contributes with crop production
accounting for an estimated 85%, livestock 10% and the balance made up by
fisheries and forestry.
Oil
palm in Nigeria grows in the coastal belt which varies in depth from 100 to 150
miles and a riverine belt which follows the valleys of the Niger and Benue for
a distance of about 450 miles from the sea. The main palm oil producing states
includes Ogun, Ondo, Oyo, Edo, Cross River, Anambra, Enugu, Imo, Abia, Ekiti,
Akwa-Ibom, Delta and Rivers.
Palm
oil forms an important part of the local diet in Nigeria because animal fats
such as milk and butter are hardly consumed. It is used both as a cooking
material and as an ingredient in soups, sauces and a variety of local dishes.
Consequently, there had long been a thriving market for palm oil both within
the main areas of production in eastern and western Nigeria and between these
regions and the non-palm oil producing northern region.
Palm
kernel oil {PKO} is an important and cheap source of oil for soap manufacturers
,bio-fuel, cooking oil, vegetable ghee, Shortenings, Margarine, CBS,CBE, ice
cream, dough, creaming, coating, and other specialty fats while palm kernel
cakes are used in animal feed production. The market for Palm Kernel Oil (PKO)
is very large. About 80% of all the edible vegetable oil consumed in Nigeria is
made from refined palm kernel oil.
In
Nigeria, the major buyers of palm kernel oil are vegetable oil refineries and
soap making companies and our focus would be on vegetable oil refineries and
soap making companies. We shall narrow down to vegetable oil refineries since
their demand is far above supply.
It is
estimated that only about 75% of the demand for palm kernel oil by local
vegetable oil refineries and soap making companies is being meet in Nigeria.
Extensive
market research has revealed that palm oil, palm kernel oil {PKO} and palm
kernel cake are everyday goods used by individuals as well as Industries. Thus,
the market is ongoing and is not dependent on economic cycles and can be described
as a FMCG (fast-moving consumer goods) commodity market.
This
report seeks to examine the financial viability or otherwise of establishing a
oil palm seed processing plant in Nigeria which involves the sourcing of fresh
fruit bunch {FFB} and processing same to yield palm oil, palm kernel oil and
cake.
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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