Providing employment for a large section of the
population, agriculture remains a major source of economic activity in Nigeria.
Nigeria produced 242 000 tonnes of cocoa in 2008. The National Cocoa
Development Committee (NCDC), made up of the 14 cocoa producing states in the
country, has distributed new high yield cocoa seedlings to cocoa farmers, and
continues to allow the purchase of chemicals and inputs at 50% subsidy.
Cocoa ( Theobroma cacao L. ) is a native of
Amazon region of South America. The bulk of it is produced in the tropical
areas of the African continent. There are over 20 species in the genus but the
cocoa tree Theobroma cacao is the only one cultivated widely.
Cocoa is the second major non-oil foreign
exchange earner in Nigeria after leather. It is produced in fourteen {14}
states of the federation namely Ondo, Cross River, Oyo, Osun, Ekiti, Ogun, Edo,
Kogi, Akwa Ibom, Delta, Abia, Kwara, Ebonyi and Rivers with an annual
production rate of 240,000 metric tons {MT}.
Over 98% of the product is exported and it's
provides means of livelihood and employment to over five million {5,000,000}
people.
In the year 2005 alone, export revenue from the
sales of cocoa amounted to US $ 136.7 Million with Netherland, UK, France,
Germany, Spain, Italy, USA and Japan being the major export destination. Other
emerging markets include China and India.
Between 1962 and 1968, Nigeria’s major foreign exchange earner
was the agricultural sector. However, even though trade was liberalized during
this period, agricultural exports declined and the sector did not benefit from
the relaxed trade environment. Thus the kind of liberalization at that time
(which favoured import substitution and consumption of foreign made goods),
reduced the threat that an expanding agricultural exports sector may have had
on the environment.
Nigeria realized $882,812,813 from the exportation of Cocoa
and cocoa products in 2010, as against $662,295,907 realized in 2009.
Nigeria is third largest cocoa grower in Africa and producing
about 400,000 MT of the commodity.
This report seeks to examine the financial
viability or otherwise of establishing cocoa processing plant in Nigeria which
involves the sourcing of raw cocoa seed and processing same to yield cocoa
liquor, cocoa butter and alkalized cocoa powder with fat percentage 10-12%
after pressing in the cocoa cake.
The
project entails the treatment of the cocoa beans, separating the shells from
the nibs, roasting the cocoa nibs, pre-grinding to liquor, fine grinding,
pressing, butter filtration / packaging and the cake crushing.
The
plant size is laid out for 96 T/d based on working in 3 shifts of 8 hours,
though the plant would operate at 90% of the installed capacity working 300 day
per annum processing 4,320 ton of raw cocoa seed bi-monthly, producing 405 tons of cocoa liquor, 879 tons of
cocoa butter and 968 tons of alkalized cocoa powder bi-monthly for export with fat
percentage 10-12% after pressing in the cocoa cake.
The
offered plant consists of the equipment mentioned in following sections Cocoa beans treatment
section, Cocoa liquor grinding section, Liquor blocking section, Cocoa
pressing, Butter filter section, Butter filtering and blocking section, Cake
handling section, Pulverizing section.
The
equipment would also include the scada control concept - This control system
can be equipped with an overall monitoring and management system that links all
the control areas. This kind of system makes it possible to control a plant
from one control room. The operators get all information they need to control
the production facilities. The system comprises control for all equipment,
production reports and integrated alarming.
Utilities
and lab equipment- A complete set of utilities existing of generator, fuel
tank, LPG tank, steam generator, air compressor, chiller and cooling tower,
pipes for utilities, un-interruptible power supply, power transformer (10 kVA),
distribution cabinets and laboratory equipment.
Piping
and cabling - A complete set of materials for product pipes, auxiliaries,
valves, field components, cables, cable ducts etc, based on a standard lay-out.
Report Details:
Report Type: Pre- Feasibility Report
Formats of Delivery: PDF / MS WORD
No. of Pages: 54 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 Value Proposition
1.5 Critical Success Factor of the Business
1.6 Current Status of Business
1.7 Description of the Business Industry
1.8 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.
Technical Analysis
3.1 Description of the Location
3.2 Raw Materials
3.3 Production Process
3.3.1 Pre-Export Documentations in Nigeria
3.3.2 Post-Export Documentations (Exchange Control Documents)
3.4 Machinery and Equipment
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
6.0
Business Risk and mitigation factor
6.1 Business Risks
6.2 SWOT Analysis
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