Yam Flour Production Business Plan In Nigeria: Our Yam flour production business plan in Nigeria, has been designed for the setting up our proposed package premium export quality Yam Flour production in Nigeria. According to our feasibility study, the Factory will produce both 1kg package Yam flour in to the market.
Proposed Production Plan
According to our Yam flour production business plan in Nigeria, the plant is stationed to produce quality premium package Yam Flour in the SKU of 1kg with the following production plan
Industry Analysis and competitiveness
Currently, Nigeria happens to be the largest producer of yam in the globe (it produces 67% of global output), with an annual production of 60 million tones. As it were, we have seen via research that the demand for Yam Flour both domestic and international markets, are very much high. For example, in the international market, large market exists in continents like Europe and America and other continents most especially with size-able black people. Report has it that the potential demand of yam is in excess of 500,000 tons/annum
Get our Yam Flour Production Business Plan In Nigeria. To place an order, pay N10,000 to
Account Name: Ogumka Innocent
Account Number: 0153723721
GT bank
After payment, send your name, email address and what you paid for to this 07017130778 and in less than four minutes, you get the Yam Flour Production Business Plan In Nigeria in your email address
You can also reach us via WhatsApp @ 09066078526 or our email @ tradewithchapatti@gmail.com
Furthermore, the gap between supply and demand has been identified to continue to expand because the population of the Nigeria which is estimated to be a little bit over 200 Million will continue to grow at 3.5% per annum. Additionally, there is the rural urban drift in the country which as it is now will help to deepen the market for instant pounded yam flour which is estimated at over N 3 billion annually in Nigeria.
However, there have been large efforts at boosting Yam exports in the country which is actually paying some dividend as available Statistics has shown from the Federal Ministry of Agriculture that over 200 tones of yam was exported to the Europe and America within 4 months of Yam export program initiated in 2018 alone, Although it is a far decrease from 200,00 tons export that was projected.
Here in Nigeria, Yam out growth production is concentrated in Adamawa, Benue, Cross River, Delta, Edo, Ekiti, Imo, Kaduna, Kwara, Ogun, Ondo, Osun, Oyo, Anambra and Plateau States
Why should you enter this business
As we have already established, Nigeria is being regarded as one of the largest grower of Yams in the world and therefore it is a potential import market for processed yams in the African Continent.
According to available Statistics, the second most consumed staple foods in Nigeria is Yam.
We have also seen that the Yam flour Export inclusion into the Agricultural Incentive in Nigeria has become a very huge economic boost for investors.
One of the high level of demand for the yam flour in the country is the very High Nigerian Urban development which is growing at 8% annually. Also, investment payback is typically within a year when you place the business under a good and excellent management system.
Get our Yam Flour Production Business Plan In Nigeria. To place an order, pay N10,000 to
Account Name: Ogumka Innocent
Account Number: 0153723721
GT bank
After payment, send your name, email address and what you paid for to this 07017130778 and in less than four minutes, you get the Yam Flour Production Business Plan In Nigeria in your email address
You can also reach us via WhatsApp @ 09066078526 or our email @ tradewithchapatti@gmail.com
Local Technology is available and sustainable
Ease of processing and packaging and usage is increasing demand for Yam flour in Nigeria
Competitive Analysis
The competitive landscape of the yam flour business in Nigeria is opened and not exclusively driven by any firm as most firms competes with price differentiation and top of the mind brand awareness.
As at today, Uzor Kigwe Yam Flour company, is one of the most visible and leading exporter of Yam flour to the overseas countries especially to the UK and the U.S.A , while Ayoola Yam flour is the most purchased on shelf Yam flour in Nigerian. However, there are about 38 registered brands of Yam flour products in Nigeria that has a combined output of about 11,000 tons output annually. Unbranded traditional Yam flour products are estimated to control about 58% of the total Yam Flour Consumed in Nigeria. Although this has been attributed to their low pricing and affordability.
There are 25 Brands that shows visibility on the Nigerian shelf market in Nigeria including Niji Yam Flour, Samvita, Mc Sure, Olabisi, Endy and Lifebergs Yam Flour, ASM, Abebi, fenbis, iya amala
What determines success in the yam flour business in Nigeria
Although this is a very lucrative business, the market for packaged Yam Flour is however still a growing one, which additionally offers tough Competition.
From our research and findings, good perception of top target market most times is as a result of correct branding and aesthetic.
The stronger the Distribution the more successful will be the new brand.
Compliance with quality standards of National Agency for Food drug administration NAFDAC
Competitive Advantage
Achieve 100% high quality product that meet statutory and regulatory specification.
Achieve minimum customer satisfaction rating of 80% through constant monitoring and monthly feedback and analysis.
You are also to make sure that at least 80% of the complaints from the customers are resolved within 3 working days.
You are to achieve minimum of 80% supplier performance evaluation annually.
Value place route to the Market
Our Plants are intended to build relationships with Hotels, restaurants, Supermarkets and Stores to promote the buy-in of the brand and offer distributors as well as retailers the opportunity to make profits in a category that they are not used to earning.
The brand will support environmental and health concerns within the Nigerian society to stay on the mind of consumers and build a stronger customer loyalty and retention drive in the light of impending competition.
Equipment Requirement
1. 250kg/hr per hour hammer milling machine with Cyclone
2. 250kg per batch Yam Dryer
3. Par Boiler machine 500kg/day
4. Chipping machine 250kg/hour
5. Washing tube machine
6. 250kg capacity Sieving machine
7. Packaging machine(Smaller SKU)
8. Hand Coding Machine
9. 20KVA Generaator
PROFITABILITY
The first year profit before tax is based on our analysis will be at about N11M and Payback period is within a year of operation when managed efficiently. Gross margin, operating cost to income and net margin is arrives 29%, 12% and 18% respectively
How to get the Business Plan
Our detailed and comprehensive Yam Flour Production Business Plan In Nigeria, will be made available to you on request. It will cover all the aspects of the project, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials, manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the income statement, balance sheet and cash flow.
Get our Yam Flour Production Business Plan In Nigeria. To place an order, pay N10,000 to
Account Name: Ogumka Innocent
Account Number: 0153723721
GT bank
After payment, send your name, email address and what you paid for to this 07017130778 and in less than four minutes, you get the Yam Flour Production Business Plan In Nigeria in your email address
You can also reach us via WhatsApp @ 09066078526 or our email @ tradewithchapatti@gmail.com
Terms and Policy
Our Consulting Feasibility reports, Business plans and Market research reports are not generic but customized and tailored to suit your requirement. They are produced after due consultation and production and cost baselines are mutually agreed with the users.
Customization of project is within 1 working day.
All our detailed and comprehensive business plans are delivered through electronically means however client may require a hard copy be delivered in addition. This would be at a charge for delivery and printing cost.
Get our Yam Flour Production Business Plan In Nigeria. To place an order, pay N10,000 to
Account Name: Ogumka Innocent
Account Number: 0153723721
GT bank
After payment, send your name, email address and what you paid for to this 07017130778 and in less than four minutes, you get the Yam Flour Production Business Plan In Nigeria in your email address
You can also reach us via WhatsApp @ 09066078526 or our email @ tradewithchapatti@gmail.com
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