Cassava flour Manufacturing
BUSINESS NAME: LIZZYVITA NIG. ENTERPRISE
Types of Business: CASSAVA FLOUR MANUFACTURING
Products: Cassava Flour, Cassava Chips,
Customers: Bakeries, Food manufacturers,
Location: Atan Offot, Uyo Akwa
OWNERS: MRS. IKO-ABASI ALEXANDER
Required Start-up Capital: N11,000,000
- Equity – N6,000,000
- Loan – N5,000,000
Total – N11,000,000
Cassava is the most important root crop in Nigeria. Apart from being a staple crop in both rural and urban households cassava is a major source of income to cassava farmers and processors in the rural areas. Cassava alone contributes about 22% of agricultural GDP in Nigeria for food or domestic purposes but its industrial processing and utilisation has been very limited. Currently there is a national programme to boost the present level of cassava production in Nigeria. Under the Roots and Tubers Improvement Programme (RTIP) farmers are being supplied with high yielding cassava sticks to increase cassava production. Present levels of cassava production will be greatly increased. This will enhance processing of the increased cassava into High Quality Cassava Flour (HQCF) for industrial purposes, such as the bakery and paper plywood manufacturing.
It has been established through research carried out by the Food Research Institute (FRI) and Forest Research Institute of Nigeria (FORIN) that High Quality Cassava Flour can be substituted or added in bakery, paperboard and plywood manufacturing activities.
This business plan is to examine the financial viability or otherwise of establishing High Quality Cassava Flour production in urban areas using as basic raw material cassava chips procured from the cassava producing rural areas.
2.0 BUSINESS BACKGROUND
2.1 Type of Business:
The enterprise is sole proprietorship engaged in the production of High Quality Cassava Flour (HQCF) for use at the bakery, paper board and plywood industries.
2.2 Location of Business:
The business is located in an urban area close to cassava growing area.
2.3 Access to Utilities and Other Facilities:
The enterprise has access to reliable electricity. There is a good network of roads connecting the raw material producing area and to the marketing centre.
2.4 Aims/Objectives of the Business:
The objective of the enterprise is to process the increased output of fresh cassava into High Quality Cassava Flour for industrial purposes. High quality cassava chips will be procured from the rural cassava growing areas and milled into flour.
The production of HQCF will give cassava farmers ready-market for their excess production hence improved incomes. The business will help reduce post-harvest losses and encourage primary processing of fresh cassava into chips at the village level. Jobs will also be created at both the village and urban levels.
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