Description

Nigeria’s food processing industry is valued at $10 billion. It also provides an estimated ten (10,000,000) million direct jobs.

Nigeria’s food sector’s regulatory environment has also been identified as a major factor slowing down food processing. There has been incoherence and inconsistency in the regulatory environment where multiple administering authorities have led to a complex regulatory system.

Gari, as commonly called in Nigeria, is a product derived from cassava and which Nigeria is the largest producer of cassava in the world with a yield of about fifty-four (54,000,000) million tonnes of cassava in 2013. Gari is a staple food in Nigeria but it is mainly carbohydrate.

High Nutrient Gari is a uniquely packaged ready-to-drink gari, the creamy-white, granular flour is made from cassava. This product is gradually becoming a household and general staple food item among Nigerians, especially the youth, who are often too busy to access cooked food.

It is a properly filtered cassava product with no preservative added to it. It is uniquely refined to suit everyone’s taste and status due to the addition of sugar, milk and peanut.

Therefore, production and packaging of High Nutrient Gari under hygienic conditions and the distribution of a shelf stable product offers a unique business opportunity to investors and would provide satisfactory product to consumers.4

This report is to examine the financial viability or otherwise of establishing a garri, milk, sugar and peanut packaging and sales in Nigeria.

The production capacity of the proposed business is two (2) tons per day and the plant would operate a single shift of eight (8) hours working at eighty percent (80%) of the installed capacity for three hundred (300) working days per annum.

The plant would produce sixteen thousand (16,000) cartons containing fifty (50) pieces of one hundred (100) grams sachets.