Nigeria produces a wide range of agricultural commodities, amongst which are maize, soybean, cowpea (beans), yam, cassava, potato, etc. Apart from being used as food, many of these crops are also used as raw materials in the manufacturing industry.
Maize can be processed into several products including Maize Flour, Maize Grits. Starch, etc.
The product can be fortified with vitamin A and the packaging would be in PP bags and different sizes of 1Kg, 2Kg, 5Kg, l0Kg, 25Kg etc.
The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically processed, easy to prepare and well packaged food products like, maize flour, yam flour, parboiled rice, garri, packaged water, etc.
The national demand for corn flour in Nigeria is estimated at about 800,000 tons/ annum while the current national supply is estimated at 350,000 ton per annum.
With few producers focussing on the production of maize flour in Nigeria, there exists a large gap that needs to be filled by aspiring entrepreneurs in the country. This supply gap will continue to grow as the population of the country grows.
We prepared a well researched business plan that envisaged a maize flour production plant with a capacity of processing 5 Tons of maize per day.
Average profit realizable from processing 1 Ton (1000Kg) of maize into flour N30,000. The processing plant referenced in this business plan has the capacity to process 5 Tons of maize per day. If the factory works for 20 days in a month and at 50% of the capacity, which gives 50 Tons of maize processed per month, the company can make a gross profit of 50 X N30,000 = N1,500,000 monthly.
Get Our Maize Flour Production Business Plan
Buy our Yam Flour Production business plan at the promo price of N10,000 only and get the following free e-book.
Start, Run and Grow Your Business: This e-book is loaded with tips and advice for anyone starting a new business, and existing businesses looking to take their company to the next level.
Note: Promo price ends soon, after which you will have to pay the original price of N20,000.