Overview of the Animal Feed Business in Nigeria

The animal feed sector in Nigeria is broad and large. Animal feed business is about the production and supply of animal feed to farm animals. There are lots of aspects of animal feed. You can either be a producer of animal feed or a vendor or distributor of animal feed byproducts. This is categorised under the production facet of animal feed. Additionally, you can venture into sales of refined animal feed either as a wholesaler or a retailer. Whichever way you choose to come into this business, you are still most likely to make profits. Although all animal feed items are produced in Nigeria, because of increasing production expenses, prices continuously increase. This is why business owners ought to take this open chance to invest in the feed mill business.

Potentials of the Animal Feed Business in Nigeria

Beginning an animal feed business is a great idea. While meeting farmers and farm animals' feed requirements, you make money from feed production and supplies. It is a two-way thing - your animals feed and you earn. Likewise, you become an entrepreneur who employs people to work and add considerably to the development and growth of the Nigerian economy. Also, note that animals cannot do without feeding, so this is a great business opportunity that requires commitment.

How to Set up Animal Feed Business in Nigeria

            The following procedures will help you out on how to start up animal feed business in Nigeria:

Get your Formula

With the correct understanding of where you wish to specialize in, spend time to find out about the nutritional requirements. For instance, the correct combination for chicken feeds is different from that of catfish, also those of various other animals. This is where you need the support of an animal nutritional expert to assist you come up with the appropriate formula.

Ingredients

You have to buy the following components for production. Maize, Corn, Cassava grits for energy, Wheat offal; which is a source of protein, Noodle wastes for carbohydrate and Proteins, Soybean meal, Fish meals Palm kernel cake, Oyster shells, Bone meals, Minerals and common Salt.

Tools

These are the devices you would certainly have to start a complete animal feed production by yourself. Grinders, wet and dry, Mixers Wet/dry, Pellets, cooker, fridge freezer, crumblier, Elevators, Conveyors, Sifter, Weighing scales, Steam boiler, Sealers and Bag sewers and Packaging bag. If you discover this is difficult to get, worries, some efficient customised ones are readily available to select from for your business and its size.

Product packaging

This is so essential since the size of your feeds either hold or scare your clients away. Provide different sizes to select from and ensure to stick to what you are known for.

Advertising

This is an aspect that every ambitious feed producers fear a lot and they are correct since they can just make money by having their products marketed repeatedly. The only option to this, is to market, market and market! Have sufficient samples with you whenever you are out there and constantly leave your means of contacts with your potential clients.

Overview and Features of the Excel Template

The excel template comes with a powerful presentation and a thorough financial analysis and model for succeeding in this business venture. The template will enhance your chances of getting grants, attract investors and bank loans.

Inside this template, you will get:

1. 3 years Income Statement.
2. 3 Years Financial Position
3. Cash flow Statements
4. Trial Balance and Account Charts.
5. Automated Macros to make the template faster, user friendly and accurate with little or no manual input.
6. 24/7 Support from our team of financial experts and analysts.