Overview Garri Processing and Packaging Business

Nigeria is a nation appropriate for garri production, packaging and sales. This is due to the fact that it is the biggest producer of cassava on the planet. Nigeria is considered the greatest cassava plantation nation in Africa, particularly in her southern part. The temperature, moisture, weather condition in Nigeria is really appropriate for cassava plantation.

This implies that the nation has the raw materials required for garri production and you will not need to stress over the supply of raw materials. Garri is likewise consumed by many Nigerians, whether in the upper or lower class. You can be involved in the garri business through its production, processing, and packaging. You can after that, sell the processed garri in your neighborhood.

Potentials of Garri Processing and Packaging Business in Nigeria

Gari indicates a big business in Nigeria, not just as a result of a significant and growing population, however also since it serves the need and budgets of the resourced impaired Nigerians. The World Bank report in the third quarter of 2108 stated that Nigeria was becoming the home of the largest number of incredibly poor people around the globe. Thus, millions of Nigerians and countless homes depend on available less expensive foods. Gari is just one of them.

The above is not a sign that garri is bad or nutritionally deficient. As a matter of fact, researchers and scientists around the world have continuously improved on the nutritional quality of cassava with bio-fortification. Cassava was bio-fortified with vitamin A to improve on sight and tackle vitamin A deficiency amongst countless children and women in Africa.

Two significant international bodies owning the fostering and usage of bio-fortied gari, having actually understood the degree of the disease burden of vitamin A deficiency on Nigeria and Africa, are Harvest-Plus Nigeria and International Potato Centre, all being members of the CGIAR team. Aside from profit taking, addressing a nationwide health difficulty by processing vitamin A-fortified cassava into garri and feeding resource poor people with high quality food are a beneficial and satisfying adventure. Purely on business, it is thought that over 100 million Nigerians consume cassava products, garri inclusive. This, to a business owner, is a huge market, and a compelling factor for investments.

Steps Setting up a Garri Processing and Packaging Business in Nigeria

1. Conduct Market Research Before you embark on any business, you should have a fundamental understanding of it. The same thing can be said of garri processing business. You have to understand the local cassava price, identify your garri processing yield, explore the plant area needed for various yields, understand the cost of garri processing equipment, and the capital needed to build a garri processing plant, and understand the market price of garri. After carrying out this research, you can have a fundamental knowledge of how much money is needed to begin garri processing business in Nigeria and know how much profit you can make.
2. You Need to Prepare Fund A business cannot be started without capital. Capital can be your personal money, or investments from you and your partners or loans from financial institutions or friends and loved ones. Find a Steady Supply of Raw Materials The raw material for garri processing business is cassava, which is grown all over in Nigeria. For that reason, you do not need to stress over the provision of basic materials. You can buy land to grow cassava, or buy cassava from local farmers.
3. You Need a Factory for Garri Processing To start garri processing business in Nigeria, a factory is required. You can purchase a piece of land to build a factory or lease a warehouse. According to the demands of various clients, the factory area is different. The factory location choice is likewise essential, a factory close to the raw material and have convenient transportation can help you transportation cost. And the water and power supply likewise have to be taken into account when choosing a factory location.
4. Purchase a Set of Garri Processing Equipment Major garri processing equipment to begin garri processing business in Nigeria consist of cassava cleaning and washing machine, cassava peeling machine, cassava grinding machine, press dewatering machine, milling machine, garri fryer, garri sieving and packaging device.
5. Find Prospective Customers for Your Garri In Nigeria, garri can be sold to local market, local food stores, grocery store, and so on. Garri is commonly consumed by every home in Nigeria, for that reason you likewise do not have to stress over its sales. The above is the recommendation and suggestion about ways to begin garri processing business in Nigeria.

Overview of The Template

The Template gives concrete financial plan and projections for setting up a Garri Procesing and Packaging shop. Real business insights are included in this financial template to attract investors, grants and loans to make the business concern a reality.

The excel template is easy to use and modify. Current Real life prices were used in drafting this template by our team of seasoned accountants and financial analysts. The template is suitable for small and emerging businesses who see themselves giants in the various industries in 5 years time.

Features

1. Comprehensive Income Statement (Trading, Profit & Loss Account)
2. Statement of Financial Position (Balance Sheet)
3. Cashflow Statements

Use Scenarios

This excel template is most suitable for the following:

1. Promoters of existing and New Start-up Businesses that need funding in form of grants,loans,partnerships etc. from governement agencies and venture capitalists.
2. Business and Financial Analysts working on viability and feasibility of a Garri Procesing and Packaging business in Nigeria.
3. Business Administration and Entrepreneurship students who need a comprehensive financial plan for a Business Plan.
4. Investors and Venture Capitalist who need financial analysis of the Garri Procesing and Packaging business for informed decision making.
5. Entrepreneurs who need expansion ideas for their businesses.