Establishment of garri processing plant

The viability of any project, no matter how gigantic, depends on regular source of raw materials and guaranteed market. This project is, therefore, one of the viable projects you can ever think of in this country. The main raw material is cassava tubers which is produced abundantly in this country. Thinking about the market, anything called food in Nigeria today is nothing but hot cake. Garri is about the most acceptable national food in Nigeria. It is eaten by almost everybody. Nigeria is the largest market in the black world, that is why every nation wants to sell their products in Nigeria. Export market potential is an added advantage. A fast thinking investor should take advantage of this. Cassava, which is the main raw materials, is readily available because Nigeria is the largest producer of cassava in the world.

Production technology

The project in mind is a small scale processing plant that can process about 4 tons of cassava tubers daily. This plant will be used to process cassava to garri. To process garri involves cleaning and peeling of cassava tubers, grating, fermentation/dewatering, frying, milling and sieving.

The plant and machinery will be sourced locally and sources have been identified already. The frying will be done mechanically as against the use of labour.

Revenue projection

Production capacity of 200 metric tons per annum at N100, 000 per ton gives annual turnover of N20 million. Annual profit of N10 million has been computed. This is nothing but a solid way of surviving in Nigeria. Interested investors can be assisted in the realisation of the project. The author can be contacted through, Makoni Plaza, Off Eleyele Roundabout, Eleyele-Eruwa Road, after Askar Paints, Eleyele-Ibadan.

 Investment Capital/Project Cost

N

1. Pre-Investments  100,000

2. Rented Accommodation 200,000

3. Plant and Machinery 950,000

4. Utilities 850,000

5. Take-off working capital 500,000

Total Project Cost N2,600,000

Tel: 080-23058045, 080-33660177. E-mail: olumakindeoni@yahoo.com

OLUMAKINDE ONI