Our well developed Dry Fish Processing And Packaging Business Plan in Nigeria, has been designed to meet the requirements for the establishment of a Dry Catfish Fish Processing and packaging Plant here in Nigeria. This business has to do with the buying of Fresh Catfish and further process using Modern Fish Drying technology as recommended by the National Agency for Food drug administration and Control (NAFDAC) and selling it.There are lots of economic significance of the proposed project, but one if it’s major lurpise is geared towards narrowing down the fish demand-supply lucana deficit in Nigeria as well as the supply of portentous nutrients for feeding the ever increasing population of Lagos and Nigeria at large.
Our Dry Fish Processing And Packaging Business Plan In Nigeria can be used to access bank loans, proposal writing and grant applications. The business plan was complied after a thorough feasibility study on Hotel Business in Nigeria was done.
Hurry now and get your own Dry Fish Processing And Packaging Business Plan In Nigeria feasibility study.
To place an order, pay N10,000 to:
BANK NAME: GUARANTY TRUST BANK (GTB)
ACCOUNT NAME: Ogumka Innocent
ACCOUNT NUMBER: 0153723721
After payment, send your name, email address and title of business plan (e.g. Dry Fish Processing And Packaging Business Plan In Nigeria ) via text to 07017130778. Your business plan will be sent to your email within 10 minutes after payment. Thank you.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
The Proposed Dry Catfish Processing Program for the first year
Production Assumptions
Year 1 Operating days/ month20Operating days per annum240Production AssumptionRatio of wet fish to Dry catfish4-1NAFDAC Recommended Moisture Content6% to 8%Average Fat Content on dry12- 13Average Ash Content6 – 6.40Moisture Lost in wet fish( Recommended)70% – 75%Year 1Plant Capacity Monthly(Dry Fish)3,000 kgCapacity utilised83%Dried Fish monthly produced2,500 kgDried Fish Yearly produced30,000 kgPackaging Size500 gramsPackages monthly of 500g / Pack5,000 PacksPackages Yearly of 500g / Pack60,000 Packs
The industry we want to operate in
Estimated annual per capital fish consumption of 19.3 kg/ person/ annum in 2019.
It’s on record that fish plays an important role in our daily lives. It provides one of the most important dietary element and one of the few sources of animal protein available to many Nigerians.
According to research, the total fisheries production in 2019, was estimated at 1 027 000 tons, to which marine catches contributed 36 percent, inland waters catches contributed 33 percent and aquaculture 31 percent. Also, the Fishery sector in Nigeria as it where, contributed 0.5 percent of the national GDP in 2019.
Out of the total volume of aquaculture in Nigeria 69% is Catfish, 23% is Tilapia and 8% others
According to research, the Total amount of fish demanded in 2019 amounted to about 3.8MT
Hurry now and get your own Dry Fish Processing And Packaging Business Plan In Nigeria feasibility study.
To place an order, pay N10,000 to:
BANK NAME: GUARANTY TRUST BANK (GTB)
ACCOUNT NAME: Ogumka Innocent
ACCOUNT NUMBER: 0153723721
After payment, send your name, email address and title of business plan (e.g. Dry Fish Processing And Packaging Business Plan In Nigeria ) via text to 07017130778. Your business plan will be sent to your email within 10 minutes after payment. Thank you.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
Also, it is on record that fish Exports was valued at USD $43 million in 2019, which means is a major source of foreign earnings for many scale Processors in Nigeria
In 2019, the Total fish exports is valued at USD $390 million.
Nigeria as it where, is a major importer of fishery products.
Just in Lagos alone, Fish production amounts to 155,262 metric tons (mt) a year, and this is compared with demand of 374,000 mt for Lagos alone
It should be noted that the main driver of the Nigerian fish economy is the private sector. Although research has indicated that, its potential has not yet been fully exploited. Many people are policies not aware of the the various policies that has been set up by the Federal Government of Nigeria for private investors to take advantages of. This is very important.
Fish farming is a major economic sector, it employs over 8.6 million people directly and a further 19.6 million indirectly. According to studies, the fish supply, demand and consumption over the past 35 years, (aquaculture production in Nigeria) has seen a growth rate of 12 percent a year making the country the largest aquaculture fish producer in sub-Saharan Africa. Like I have initially insinuated, private investors has been the major driving force.
Project Justification
This project was motivated by the following considerations:
The large population growth in Nigeria (estimated at 200 Million with 5 % annual growth.
The increase if economic development which has resulted in the improved standard of living
It’s on record that about 18% of fish in Nigeria are sold and consumed in Lagos alone, which makes the city the largest market for our Products
Do you know that the total fish import alone amounts to about USD 1.6 billion, which means there is a need to fill that Laguna in other to reduce the level of the imports
With Exports valued at USD 300 million in2019 alone, it is a source of foreign earnings for Nigeria and operators.
Record of Loses are minimal in the Industry
Route to the Market
The reason we are developing this Marketing strategy is to deliver our customers with quality table size Tilapia Fish which should come at the lowest possible cost and at a reasonable profitable Margin for us too.
The Marketing tools to be utilized will be a combination of promotional, social and electronic media marketing, and excellent relationship marketing.
Our Sales Objectives is to:
To sell to the best sand free Dry catfish in Nigeria
To expand our sales base yearly by at least 5% to 10% yearly.
To recruit at least 25 resellers and wholesalers at the inception of processing
Open up the on-the shelf sales with support out market Architecture
To become a top notch Fish Processors in Nigeria.
We have identified a dominant marketing channel (product route to ultimate consumers) of Catfish fish for domestic consumption and they includes:
Share of Channels
ChannelShareProcessor -retailer-consumer. ( Ex Farm Gate)65%Processor to Consumer Direct (Ex Farm Gate)15%Supply to the Primary market.8%Supply to the Secondary market8%Others4%
Our Technology
Our process technology would use modern smoking Klin for the Fish Processing. We Will apply the best Drying practice which will help to retain the right fish moisture.
Also, we will be making use of natural preservation for the fish dry process for a longer shelf Life..
We will apply strick compliance with food packaging as recommended by NAFDAC. Regarding dealing and packaging, we will make use of Continuous sealing machine to give a very form air tight seal so that food preservation is at the optimum.
Summary of Start-up Cost
The total production Machinery for this Model cost is about 2million Naira. However, the Machinery cost can be further lowered for a lower Production Capacity Plant. There will be a Budget allocations for a 5KVA Generator, and optional Mini distribution Van.
Working Capital Requirement
To sustain the manufacturing from commencement of production until it becomes self sustaining, there is meed for adequate working capital. These includes allowances for Staff cost for about 3 Months, Utility cost for about a Month, Marketing Expenses for the first 2 weeks and other operational and administrative Cost
Opening stock of Raw materials
Stocking of Catfish and Packaging materials is critical to the survival of the factory. There should be at least a stock of raw materials for at least 1 month.
Certifications and Consultancy
There is a Budget of about 500,000 Naira that is needed to cater for consultancy and NAFDAC certifications.
Profitability
The Net margin before tax was projected at N4.7 Million in the first year of operation.
The balance of cash flow and Net fixed assets at the end of the 3rd year is N8 million and N11 million respectively which is an indication that investment within 12 Months of Operation.
Hurry now and get your own Dry Fish Processing And Packaging Business Plan In Nigeria feasibility study.
To place an order, pay N10,000 to:
BANK NAME: GUARANTY TRUST BANK (GTB)
ACCOUNT NAME: Ogumka Innocent
ACCOUNT NUMBER: 0153723721
After payment, send your name, email address and title of business plan (e.g. Dry Fish Processing And Packaging Business Plan In Nigeria ) via text to 07017130778. Your business plan will be sent to your email within 10 minutes after payment. Thank you.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
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