MAIZE FLOUR PRODUCTION IN NIGERIA


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MAIZE FLOUR PRODUCTION IN NIGERIA

MAIZE FLOUR PRODUCTIONThis template on how to start a maize flour production in Nigeria, will give you needed guide on how to start and profit from maize flour production business. The cost of starting maize flour production business in Nigeria, The cost of the different maize flour production machine and equipment needed for the commercial processing of maize flour production. The packaging of the maize flour production and the feasibility report on maize flour production business are discussed in this maize flour production plan template.

Maize grows easily and abundantly in most parts of Nigeria. It is a very important cereal in the food industry, utilized either in fresh or dried form. It can also be subjected to milling or used whole. For flour production purpose, it is milled dry.

Maize flour business opportunities:

Food prepared from maize flour is a common food snack among the various ethnic groups in Nigeria. Maize flour also called corn flour can be produced and packaged as semovita and sold through distribution line. Corn flour is a major food alternative to garri, which is becoming too costly for the ordinary man on the street. A hygienically packaged corn flour could be exported to some foreign countries. Maize flour production

PRODUCTION PROCESS 2 t/day or 600
Metric ton per annum

Maize flour Production Process:

The maize grains are cleaned, de-branned, winnowed, de-germed and milled to obtain fine sized particles. Milling is done by contract as promoters buy no raw materials or sell any product. The promoter charges, 1,000 per ton of maze milled.

EQUIPMENT REQUIRED Maize flour milling plant.
PLANT COST N150,000.00
RAW MATERIALS Maize is found in al the LGA of
Benue State.
SPACE REQUIREMENT 30m2
MANPOWER REQUIREMENT 3


TOTAL CAPITAL INVESTMENT

INVESTMENT (FIXED) (N’000
Land and Building
Machinery & Equipment 150,00
Prelim, &Pre-operational expenses 5.00
Contingencies 7.80
Working Capital (1month)
Raw Materials
Rent 4.20
Utilities 5.00
Salaries & Wages 13.40
TOTAL INVESTMENT COST N1786.20
Raw Materials
Utilities 60.00
Salaries &Wages 50.00
Maintenance 15.00
Admin. & Marketing Expenses 4.20
Overhead Cost 1.30
Depreciation 16.30
Interest on Investment 8.20
Rent 50.00
TOTAL COST OF PRODUCTION 205.00
Turnover per annum
420 MT at N1,000 per tonne 420.20
Profit per year 215.00%
Rate of Return on Investment 122.0%
Rate of Return on Sales 51.0%
Break-Even Point 46.7%

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