Looking for a solid soybean oil feasibility analysis study in Nigeria for your personal use or to seek grants, and loans from investors, CBN, NIRSAL, and other institutions?
Soybean oil production is a rapidly growing business in Nigeria. The country’s largest producer of soybeans, China, has begun to import more soybeans from Africa and South America as a means of diversifying its supply and reducing its dependence on soybean imports from the United States.
The demand for soybean oil in China is rising at an exponential rate as the country becomes more industrialized and Western-inspired diets become more common. In addition to being used as cooking oil, it can also be used as a raw material in manufacturing, especially in cosmetics and pharmaceuticals.
You should download this comprehensive soyabean oil production and processing business plan to use as a reference for your company or to apply for a grant or bank loan. To get the soybean oil feasibility studies or business plan, click Download at the bottom of this page.
You can see a summarized sample below:
SOYBEAN OIL FEASIBILITY STUDIES SAMPLE
1.0. EXECUTIVE SUMMARY
In Kwali Metropolis, Abuja, as well as the neighboring States and the neighboring countries, ROYLARZ VENTURE NIGERIA LIMITED MILL is a soybean oil and cake processing industry that aims to provide refined groundnut oil and cake to individual householders, hostels, restaurants, fast-food joints, boarding schools, and university cafeterias, among other establishments.
Three flavors will be available for the soybean cake: ginger, pepper, and salt/sugar. Only twenty million Naira will be invested by us (N 20,000,000).
The plant’s net worth is anticipated to be N18,329,940 in its first year of operation, rising to N59,207,412 in its third year and N290,987,143 in its fifth year, respectively. The following year, we intend to grow our income by 45 percent. In order to properly manage the firm, we will hire six (6) employees.
2.0. VISION AND MISSION STATEMENT
VISION STATEMENT
To fulfill the demand for soybean oil and cake in Abuja and throughout Nigeria by planning, implementing, leading, and mobilizing resources. To be one of the most effective and efficient soybean oil and cake companies in Abuja.
MISSION STATEMENT
Should take proactive measures to provide a steady supply of industrially refined soybean oil and cakes to support personal nutritional improvement while assisting Nigeria’s economic growth.
VALUES
Great people will collaborate with us. Every day, we will all work to provide our best effort. It is hoped that our dedication to quality, service, honesty, and excellence would shine through in all we do.
3.0. BACKGROUND OF THE BUSINESS
Soybeans that have undergone inadequate processing are widely produced in North Central Nigeria. In Africa, soybean oil is a crucial component of cuisine.
Due to the rise of residential buildings, hotels, restaurants, fast-food outlets, and higher institutions in Abuja, there is a greater need for high-quality, reasonably priced cooking oil. This company will purchase soybeans to make oil and cake.
4.0. PRODUCT/SERVICE DESCRIPTION
Our products will include cake made from soybeans, a significant source of oil and protein, and healthful, nutrient-rich soybean oil. The growth and healing of deteriorated tissues depend on the necessary amino acids found in soybean oil and cake. The oil will be processed and packaged in jerry cans, 2 and 4-liter gallons, and 1- and 2-liter gallons.
The cake will primarily have three flavors: ginger, pepper, and salt/sugar, and will come in a variety of forms and styles. The National Youth Service Corps (NYSC) orientation camps, hotels, restaurants, university cafeterias, boarding school kitchens, wholesalers, merchants, motels, and restaurants will all get products.
5.0. OWNERSHIP STRUCTURE
The suggested company will operate as a sole proprietorship. Raymond Abbas will provide 100% of the startup funds and become its owner. This will provide flexibility, freedom of action, prompt decision-making, and the enjoyment of all profits by the main shareholder and business owner. There will be a board of directors and a legal advisor for the company.
6.0. LEGAL CONSIDERATIONS
The Corporations and Allied Matters Act, which was passed in 1990 to govern the creation and operation of companies in Nigeria, established the Corporate Affairs Commission (CAC), which is where the firm was registered.
Additionally, the company will register with the National Agency for Food, Drug, Administration and Control (NAFDAC), which was created by Decree No. 15 of 1993 to oversee and regulate the production, processing, packaging, and distribution of food and medications that are imported or made domestically.
7.0. MARKETING STRATEGIES
To properly reach our target audience, our marketing approach will use a variety of media. To reach our target market in all areas in Abuja, Kaduna, Bauchi, Plateau, Katsina, and Kwara states, we will utilize all forms of little of all types of advertising, including radio, web, and print.
Free samples of refined packaged oil and cakes will be distributed in different target areas to encourage repeat business. We’ll also inform folks of the hygienic and nutritive qualities of our products. Using family and friend recommendations, items will be advertised.
Our top priorities are providing consumers with a healthy, nourishing oil and cake together with a satisfying experience. Our oil and cakes will be presented in a stylish container with simple assembly instructions. The marketing representative must act politely and respectfully. We want to leverage social media platforms like Facebook, Twitter, and LinkedIn in addition to our website to market online. Business plans for the production of soybean oil, soybean oil, and soybean oil processing.
Now that you have seen the sample, are you ready to get the soybean oil feasibility analysis, read below to get the complete version.
How To Download The Soybean Feasibility Study Template PDF and Doc
Above is a part of the SOYBEAN OIL FEASIBILITY ANALYSIS in Nigeria. In case you need the complete study, follow the procedures to download it.
Pay the sum of N8000 (Eight thousand naira only) to the account detail below:
Bank: GTBank
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
Ac/No: 0238933625
Type: Saving
Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the SOYBEAN OIL FEASIBILITY STUDIES you want and also your email address. Immediately after the confirmation of your payment, we will send the document to your email address where you can easily download it.
