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Soy – Dawadawa Production From Soya Beans Seed; The Feasibility Report

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Soy – Dawadawa Production From Soya Beans Seed; The Feasibility Report

30,000.00

Soya bean is an important source of high quality and inexpensive protein and oil. With an average protein content of 40% and oil content of 20%, soybean has the highest protein content of all food crops and is second only to groundnuts in terms of oil content amongst food legumes.

Nigeria presently produces about 500,000 MT of Soybean annually making it the largest producer of the product on the African continent. Soya bean is a legume which is produced in most the middle belt of the country with Benue state accounting for about 45% of the total production in country.

Product Description

Soya Beans is a leguminous crop whose importance and economic benefits cannot be over emphasized. Products that can be gotten from Soya Bean include Soy Cake, Soy oil, Full Fat Soya, Soy meal, soy meal, soy flour, soy milk, tofu, textured vegetable protein amongst other things.

The major emphasis of this study is the commercial production of soy- dawadaw.  Dawadawa is the Hausa name for fermented food condiment made from locust / soy bean. It is also known as “Iru” and “Ogiri-Igala” in Yorubaland and Igboland respectively.

A condiment is something such as a sauce, that is added to some foods to impart a particular flavor, enhance its flavor, or in some cultures, to complement the dish.

Seasoning belongs to the food and beverage sub-sector of the consumer market, which is estimated to worth about N 14.7 trillion.Seasonings include local and imported brands.

Dawadawa is one of the most important traditional food condiments in the Savanah region of West and Central Africa where the locust bean tree grow abundantly.

The estimated production capacity of the plant is 2,250,000 sachets of 100g of soy-dawadawa per annum at 80% of the installed capacity. The market for local condiments is national. With a population of over 165 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for local condiments.

Table of Contents

EXECUTIVE SUMMARY

1.0 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 Project Implementation Schedule

4.0 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

6.0 Business Risk and mitigation factor

6.1 Business Risks
6.2 SWOT Analysis

Report Details

Report Type: Feasibility Report
Formats of Delivery: MS WORD
No. of Pages: 32 Pages
Report Code: FORA/2016/SOYDAWADAWAPRODUCTION/312383
Publisher: Foraminifera Market Research
Release Date: 25/06/2016; We update our reports quarterly.
Language: English
Delivery time: 24– 48hours

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United Bank for Africa (UBA) Plc
Account Name: Foraminifera Market Research Limited
Account Number: 101 76 603 95

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