A BUSINESS PLAN FOR THE ESTABLISHMENT OF A MECHANIZED GARRI PROCESSING PLANT

Your title/position MD/CEO
Type of Enterprise informal program/project
Website
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Impact of your enterprise on sustainable development

Garri is one of the products of cassava root consumed by many Nigerians daily. About 7.7 million metric tons of garri is consumed per year in Nigeria, and it translate to about 30.7 metric tons of cassava root production. This implies that about 75 % of cassava root is consumed as local food while the only 25% is used as raw materials for starch, floor etc which can be exported. Annual estimated demand for garri in Nigeria is 12 million metric tons. To accomplish this, the production facilities must be upgraded so as to add value to the food capacity. Garri is produced majorly in the rural area through local method which is full of stress and wastage thus most of the producers are given up the trade and younger once are not interested. Hence the need for this my project. Financial projection about the garri enterprise shows that the net profit and internal rate of return on the project to indicate substantial profit.

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Sustainability and future plans

Assumption; The conversion of cassava root to process garri is 4 tons of cassava root to 1 ton of garri. Note, 1 ton of cassava root =10 wheelbarrows (100kg). Land Acquisition (3 plots in rural area) N1,500,000.00 Factory building N2,000,000.00 Processing Plant 1ton/hr capacity N6,000.000.00 Vehicle fairly used N1,000,000.00 Office Furniture/Stationaries N100,000. 00 Accessories N200,000.00 Staff Salaries N3,600,000.00/yr Machine capacity 2 tons of garri/day. Cost of inputs; 1 ton of cassava root will be measured in wheelbarrows (100kg). 1 wheelbarrow cost N1,500.00 x 10 = N15,000.00. Thus 1 ton of unprocessed cassava cost N15,000.00 x 8 tons/day = N120,000.00 6 work days per week or 313 days x N30,000.00 =N9,360,000.00. Diesel; 20 litres per day at N180.00/litre = N3,600.00/day. Plant maintenance at 2 percent total cost =N2,400.00/day Other sundry expenses= N24,000.00. Revenue; Using 2 tons of garri/day production capacity. 50kg of garri=N5,000.00. 1 ton of garri (20 bags) = N100,000.00 x 2 = N200,000.00. Therefore, revenue minus expenditure = profit. N200,000.00 (N120.00 + N3,600.00 + N2,400.00) Netprofit =N200,000.00 - N126,000.00 = N74,000.00/day.

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Your profile as an entrepreneur

Name: Gilbert Igweka Nwanorim. Date Of Birth: May 14, 1980. Local government Area: Ohaji/Egbema. State Of Origin: Imo. Country: Nigeria. Phone Number: +2348034712964 Educational Qualification: SCHOOLS ATTENDED QUALIFICATIONS DATES Imo State University B.Sc Accountancy 1999-2003 Owerri. Second Class Honors Comprehensive Senior Secondary 1990-1995 Secondary School Certificate Ohoba-Ohaji. Examination Imo State (S.S.C.E.) Central School First School Leaving 1984-1989 Ohoba-Ohaji Certificate Imo State. (F.S.L.C.) Workshop and Training: 1. Cassava produce value addition training workshop at Imo ADP Owerri, 20th of May 2014. 2. NDE entrepreneurial skill/skill acquisition training on agro processing at Owerri, 10th of August 2013. 3. Harry and Harris effective supervisory management training

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Comments

emma

May 2, 2020 09:01

3 plots of land produces one ton of Garri, if that is correct, then to produce 1 ton of Garri which is 20bags (50kg) per day, you will need to harvest 3 plots each day.

In a month you must have harvested about 75 plots, in a year you must harvested 900 plots.

Considering that cassava is annual crop, you will be needing 1800 plots to keep all day production!.

Is my analysis right?

Nwokogba Kingsley

June 4, 2019 13:09

Please i'm setting up a cassava processing factory.
Please how many tons of garri can I get from four tons of cassava.
On the average,how much is a ton of casava sold and how much also is a ton of garri sold on the average market price?
Thanks while anticipating ur favourable response

August 28, 2016 11:25

This project idea is great and has an inbuilt sound solution in the communities. I support it by votes and comments and advise the owner not to give up. No matter how the competition position, this project will take you higher if well implemented.

okoye Lotanna

August 10, 2016 23:02

The idea will help ensure great reduction of waste in Garri production

Agugo Emeka

July 30, 2016 13:10

Congrats. This project will help in eradicating hunger in the region. Congrats once again.

June 14, 2016 14:17

Hi,
This is a good project, it will improve lives, great idea there. Wish you the best.
I have cast my vote for you!

Please I need you support also and a comment will also help.
please check out my idea by clicking "Pwavodi Tanihungoama
Joshua" above, and give your valuable comment/advice.

https://www.entrepreneurship-campus.org/ideas/4/3490/

Best Idea Category Do you know NEEM saves Lives

Also, if you like my idea, PLEASE vote for me!
Thank you in advance for your time.
Best,
Joshua

June 8, 2016 14:28

Hello. ..Gelbert....I've given you ur 3rd vote.pls check
Congratulations on ur project I support it.

My project :
Project dignity idea of Ñatasha Annie Tonthola was also selected .since we are a family here and friends I voted for ur project.

Please kindly review it and VOTE for me too as I've done with yours.

https://www.entrepreneurship-campus.org/ideas/10/3549/

Best wishes is all I can wish u

Kind regards
Natasha Annie Tonthola

June 8, 2016 14:27

Hello. ..Gelbert....I've given you ur 3rd vote.pls check
Congratulations on ur project I support it.

My project :
Project dignity idea of Ñatasha Annie Tonthola was also selected .since we are a family here and friends I voted for ur project.

Please kindly review it and VOTE for me too as I've done with yours.

https://www.entrepreneurship-campus.org/ideas/10/3549/

Best wishes is all I can wish u

Kind regards
Natasha Annie Tonthola

June 8, 2016 14:26

Hello. ..Gelbert....I've given you ur 3rd vote.pls check
Congratulations on ur project I support it.

My project :
Project dignity idea of Ñatasha Annie Tonthola was also selected .since we are a family here and friends I voted for ur project.

Please kindly review it and VOTE for me too as I've done with yours.

https://www.entrepreneurship-campus.org/ideas/10/3549/

Best wishes is all I can wish u

Kind regards
Natasha Annie Tonthola

June 6, 2016 20:38

This project will help to eradicate hunger in our society and provide employment for the unemployed.