Garri Production in Nigeria The Feasibility Report.
Garri, a product gotten from the processing of cassava tubers is a very important staple food item in Nigeria. It is one of the food items that defy socio-economic class, religious and ethic boundaries, It is doubtful if it is not eaten daily in one of every two homes in the country.
However in recent times due to the numerous products {Cassava Chip, Cassava pellets, Starch,} that can gotten from Cassava tubers ,the production of garri in Nigeria has witnessed a reduction in volume thereby prompting a shift in the demand-supply equilibrium in favour of garri producers.
The supply gap has been identified to continue to expand as the population of the country which is estimated to be 150 Million continues to grow at 3.5% per annum. Also the rural – urban drift in the country would help to deepen the market for garri which is estimated at over N 28 billion annually in Nigeria.
Garri is a creamy-white, granular flour with a slightly fermented flavour and a slightly sour taste made from fermented, gelatinized fresh cassava tubers. Garri is widely known in Nigeria and other West African countries. Garri constitutes a daily meal to some 150 million people world wide. It is a popular West African food. It is most widely eaten as Eba. Eba is made by sprinkling garri into a bowl or pot of boiling water and stirred until dough of garri is formed. You could add more water to the dough and stir to your desired texture. The finished product is called eba.
Eba is served with vegetable soup and fish or meat. In combination, this constitutes a very balanced diet.
Garri, a product gotten from the processing of cassava tubers is a very important staple food item in Nigeria. It is one of the food items that defy socio-economic class, religious and ethnic boundaries, It is doubtful if it is not eaten daily in one of every two homes in the country.
The annual national demand for garri is estimated at 1,000,000 tonnes while the national supply estimate is about 250,000.
In recent times due to the other products {Cassava Starch and Flour} that can gotten from Cassava tubers ,the production of garri in Nigeria has witnessed a reduction in volume thereby prompting a shift in the demand-supply equilibrium in favour of garri producers.
The supply gap has been identified to continue to expand as the population of the country which is estimated to be 165 Million continues to grow at 3.5% per annum. Also the rural – urban drift in the country would help to deepen the market for garri which is estimated at over N 8 billion annually in Nigeria.
However in recent times due to the numerous products {Cassava Chip, Cassava pellets, Starch,} that can gotten from Cassava tubers ,the production of garri in Nigeria has witnessed a reduction in volume thereby prompting a shift in the demand-supply equilibrium in favour of garri producers.
The supply gap has been identified to continue to expand as the population of the country which is estimated to be 150 Million continues to grow at 3.5% per annum. Also the rural – urban drift in the country would help to deepen the market for garri which is estimated at over N 28 billion annually in Nigeria.
Garri is a creamy-white, granular flour with a slightly fermented flavour and a slightly sour taste made from fermented, gelatinized fresh cassava tubers. Garri is widely known in Nigeria and other West African countries. Garri constitutes a daily meal to some 150 million people world wide. It is a popular West African food. It is most widely eaten as Eba. Eba is made by sprinkling garri into a bowl or pot of boiling water and stirred until dough of garri is formed. You could add more water to the dough and stir to your desired texture. The finished product is called eba.
Eba is served with vegetable soup and fish or meat. In combination, this constitutes a very balanced diet.
Garri, a product gotten from the processing of cassava tubers is a very important staple food item in Nigeria. It is one of the food items that defy socio-economic class, religious and ethnic boundaries, It is doubtful if it is not eaten daily in one of every two homes in the country.
The annual national demand for garri is estimated at 1,000,000 tonnes while the national supply estimate is about 250,000.
In recent times due to the other products {Cassava Starch and Flour} that can gotten from Cassava tubers ,the production of garri in Nigeria has witnessed a reduction in volume thereby prompting a shift in the demand-supply equilibrium in favour of garri producers.
The supply gap has been identified to continue to expand as the population of the country which is estimated to be 165 Million continues to grow at 3.5% per annum. Also the rural – urban drift in the country would help to deepen the market for garri which is estimated at over N 8 billion annually in Nigeria.
1. 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. 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 Milestones
4. 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
5.8 Viability Analysis
6. BUSINESS RISK AND MITIGATION FACTOR
6.1 Business Risks
6.2 SWOT Analysis
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. 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 Milestones
4. 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
5.8 Viability Analysis
6. BUSINESS RISK AND MITIGATION FACTOR
6.1 Business Risks
6.2 SWOT Analysis
