manufacturing business plan in nigeria

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Teniola Tayo

Michael odijie, september 10th, 2021, nigeria needs a new industrial strategy.

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Seven years after the Nigerian Industrial Revolution Plan, the goal of making Nigeria the preferred manufacturing hub in West Africa has not produced tangible benefits for the country. Inequality, poverty and unemployment rates remain high and in some regions insecurity has worsened. But if a new industrial strategy is needed, what issues should be the focus?

The average income of Nigerians, measured by GDP per capita, is at a lower level than it was ten years ago. To this end, one of the major challenges facing the Nigerian economy is its inability to provide sufficient jobs for Nigerians. Flaws in the structure of the economy, alongside large inequalities, meant that even in the early 2000s when the country experienced higher economic growth jobs were not created, and poverty actually increased . The gains largely accrued to political and business elites.

Similar to many African countries, Nigeria is faced with the task of industrialisation – moving away from production and exports dominated by commodities to higher value economic activities such as manufacturing. The 2014 Nigerian Industrial Revolution Plan (NIRP) had the stated objectives of making the country the preferred manufacturing hub in West Africa; the preferred source for supplying low and medium technology consumer and industrial goods domestically and regionally; diversifying and increasing government income and exports; and pursuing job and wealth creation, and import substitution. Industries would focus on agro-allied, metals and solid minerals, oil and gas, construction, light manufacturing and services.

Seven years since the launch of the NIRP, the Plan is considered to have struggled to meet its objectives; the oil sector still accounts for 65% of government revenue; the unemployment rate has jumped to 33% ; almost half of the country is living in poverty; and between 2014 and 2019, exports have declined by 54% and continue to be dominated by crude oil.

Current internal and external realities mean Nigeria should review its industrial strategy. One of these is the launch of the African Continental Free Trade Area (AfCFTA), which aims to gradually eliminate tariffs on over 90% of goods and services produced and traded within the continent. Another issue is the changing investment landscape in the oil and gas industry, as climate pressures heighten and international protocols advance. A third important issue is the worsening state of insecurity in Nigeria, and the need for all development and growth policies to contribute to finding solutions to the challenge. There are also suggestions that changes in the global economy means late industrialisers need to pay more attention to industries without smokestacks . Finally, the COVID-19 pandemic has affected global affairs in many ways that should be taken into account in national planning.

What issues should drive a new industrial strategy in Nigeria?

A new strategy should decisively address the issues of poverty, unemployment and inequality. At the core of these issues is the provision of good jobs for Nigerians. Significantly increased employment can no longer be viewed as a natural outcome of industrial policies but must be at the centre of policy design. According to the International Monetary Fund, Nigeria needs to create five million jobs per annum over the next 10 years in order to close its unemployment gap. These jobs can only be created with an incredible effort focussed on promoting local and foreign investment in labour-intensive sectors, such as agri-processing, which involve factories that employ lower-skilled labour – in abundance in Nigeria. Strategies for further improving the country’s business environment should also be more realistic and learn lessons from past attempts. Further, jobs can contribute to reducing levels of insecurity in the country.

A new industrial strategy should also reflect the internal disparities within Nigeria. The country’s northern region is in a developmentally worse situation than the south and has a higher amount of unskilled to low-skilled labour, as well as greater agricultural activity. By extension, this means that agri-processing factories may in the short to medium term be well-suited to the region. On the other hand, some parts of the southern region are experiencing growth in the services industry, with financial technology organisations, for example, attracting labour and investments. Although a focus on services may not make sense for the entire country, a mix of policies promoting services and manufacturing dependent on the land and labour profiles of certain regions may be advisable. These disparities should also inform pragmatic plans for human capital development across the country – a critical component of any growth policy.

These should further work alongside strategies to boost exports and productivity growth. Although the NIRP sought to increase exports, its import substitution approach presented several challenges. Policies from the Nigerian government and its central bank have focused on trying to curb imports, a losing battle, given that total imports jumped in 2020 despite the COVID-19 pandemic. Instead of working to control imports, policymakers should focus on eliminating the challenges facing existing and would-be exporters. These include logistical issues at Nigerian ports, as well as access to forex for critical inputs. A strong export push can contribute to productivity growth, given that producers will be forced to compete internationally. The AfCFTA provides an additional platform for exporting ‘made in Nigeria’ products.

Value chains have always been an important part of industrial strategies and continue to hold this status. In the context of Nigeria, more attention should be paid to integrating Nigerian producers into value chains at all levels national, regional, continental and global. Indeed, national and regional value chains are critical to the demand and supply of inputs for agri-processing, and global value chains are needed for breaking into global manufacturing markets. This can allow Nigerian producers to carve a niche for themselves in specific goods and services that may serve as inputs for more advanced and competitive manufacturers.

Particularly in Nigeria, industrial strategy should be conflict sensitive. Although facing high levels of insecurity in 2014 when the NIRP was launched, the country’s worsening situation means attempts to grow certain industries, especially in the north, can not be naïve to the realities of operating in insecure regions. Strategies for risk mitigation need to be made clear in any efforts to promote investments.

Lastly, Nigeria must re-shape its oil sector in the face of a heightening climate crisis. Although natural resources will potentially continue to play important roles in many national economies, the Nigerian government must accept the industry’s decline in attractiveness to investors. The oil sector should therefore focus on improving its governance and moving output up the value chain. The recently signed Petroleum Industry Act makes some of these commitments, but also counterintuitively commits even more government revenue to oil exploration.

The type of structural transformation necessary for Nigeria to solve these problems does not emerge spontaneously from the interplay of market forces. It rather requires protracted state interventions that not only provide some level of macroeconomic stability, infrastructure and security but also include broad horizontal as well as selective vertical sector policies. Yet any decisions must recognise that appropriate policy design, and successful state interventions, will depend on both initial institutional and political conditions. At a minimum, the actual motivations behind the practice of industrial policies are better understood within a broader framework of patron–client politics. More importantly, as all industrial policies must involve the distribution of state resources, to be viable in the Nigerian context some alignment with the surviving interests of political and industrial elites is essential. Sector selection for government intervention must therefore take domestic politics into account.

These issues will be addressed more fully in a subsequent article .

Photo by Frans Van Heerden from Pexels .

About the author

Teniola Tayo works as a Consultant with the Institute for Security Studies and is also a Research Fellow at the French Institute of Research in Africa (IFRA-Nigeria). She was previously a Consultant with the West African Think Tank (WATHI) in Senegal. She has also worked as a Policy Analyst in Nigeria as well as a Senior Legislative Aide to a past President of the Nigerian Senate. She is a Chevening Scholar with an MSc in Development Management from the London School of Economics.

Michael Odijie is currently a Research Fellow at University College London (UCL).

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HOW TO SET UP A MANUFACTURING COMPANY IN NIGERIA: REQUIREMENTS, COSTS AND TIMELINES

The manufacturing industry in Nigeria is moderately regulated compared to western nations. There is no gainsaying, however, that some sectors are more regulated that the others. At the centre of the industry are the Manufacturers Association of Nigeria (“MAN”), the Consumer Protection Council (“CPC”) and the Standard Organisation of Nigeria (“SON”) as industry-wide regulators, in addition to other regulatory agencies whose scope of oversight functions depend on the specific nature of products.

We have reviewed the regulatory frameworks and highlighted below some of the requirements, costs and timelines for incorporation and other post-incorporation registrations and approvals.

1. What are the requirements for incorporating a manufacturing company in Nigeria?

The incorporation of a manufacturing company in Nigeria is done by the Corporate Affairs Commission (“CAC”).

In order to register a manufacturing company with the CAC, the promoters must present the following requirements:

Two proposed names for the company : these names will be submitted to the CACS for name search, screening and approval. Upon approval, the promoters may thereafter proceed to register the manufacturing company with approved name;
Proposed Registered Address, Email Address and Phone Number of the Company;
Details of the Shareholders , Director (s) and Company Secretary to include their Names, Contact/Home Addresses, Email address, Phone number, Date of birth, Occupation, a copy of Government-issued means of identification (e.g. Data page of International Passport), and Electronic signatures respectively.
Objects of the Company: Please confirm that the proposed company is being registered for the sole purpose of engaging in manufacturing and exports business in Nigeria.

2 . What are the applicable costs of registering a manufacturing company in Nigeria?

The cost of registration of a company in Nigeria is dependent on the amount of share capital of the proposed company. There is no specified share capital for manufacturing companies under the extant Companies and Allied Matters Act, 2020 (“2020 CAMA”).

However, the minimum share capital for registering a private limited liability company in Nigeria is N100,000 (One Hundred Thousand Naira Only, while the minimum share capital for a public company is N2,000,000 (Two Million Naira Only).

Please note that where a company is proposed to be registered with a foreign shareholder, the minimum share capital required by the 2020 CAMA is N10,000,000 (Ten Million Naira).

For instance, in order to incorporate a manufacturing company with share capital of N10,000,000 (Ten Million Naira), the total payable costs will be about N150,000 (One Hundred and Fifty Thousand Naira). The breakdown of the foregoing sum is as follows:

N55,000 (Fifty-Five Thousand Naira) is chargeable by the CAC as Incorporation Fee; and
N75, 000 (Seventy-Five Thousand Naira) is chargeable by the Federal Inland Revenue Service (“FIRS”) as stamp duty on the N10 Million share capital (the formula for calculating this is: 0.75% of 10,000,000);
N20,000 (Twenty Thousand Naira) is estimated for miscellaneous expenses.

3. What are post-incorporation registrations and approvals does a manufacturing company require to operate in Nigeria?

A manufacturing company in Nigeria will be required to undertake some post-incorporation registrations and approvals with the following regulatory bodies:

Registration with Standard Organisation of Nigeria (“SON”)

A manufacturing company is required to obtain registration approval of the SON before releasing its products, commodities, processes and services to the public.

The mandate of the SON includes designation, establishment, preparation, approval and declaration of Standards relating products, measurements, materials, processes, commodities, structures, processes and services amongst others and their promotion at National, Regional and International levels; certification of products, assistance in the production of quality goods and services; improvement of measurement accuracies and circulation of information relating to standards in commerce and industry in Nigeria.

The procedure for product certification by SON commences with submission of Application Letter which may be approved by the Director General of SON after which there will be official inspection of the product and processes. Thereafter, SON will process the inspection result and then, if application succeeds, SON issues a Certificate of Conformity.

The applicable costs vary in accordance with the class of products in respect of which SON’s certification is required. For more information of the applicable charges of SON, please see SON Charges .

Tax registration with the Federal Inland Revenue Service (“FIRS”)

Registration with the FIRS is mandatory for all registered companies in Nigeria. As a matter of fact, the CAC and the FIRS have synchronized their systems for automatic assignment of Tax Identification Number (“TIN”) to every company at the incorporation stage.

We mentioned above that in order to register a new company, an amount is payable to FIRS as stamp duty using the Remita payment platform and it is at this stage that the necessary information about every company and the promoters is extracted by the FIRS for future use. Hence, the TIN is automatically assigned to the company for easy reference.

Please note that tax registration is free.

The requirements for tax registration with FIRS are as follows:

i. Application Letter on the company’s letterhead paper which contain a valid email, phone number and address of business;

ii. The Certificate and other incorporation documents of the company;

iii. Proof of a current bank account and address of bankers;

iv. Company seal;

v. Date of commencement of business; and

vi. Bank Verification Number of the director or authorized signatory.

Registration with Manufacturers Association of Nigeria (“MAN”)

Every manufacturing company in Nigeria is required to complete a membership registration with MAN, the umbrella body of all manufacturers in Nigeria.

In order to be eligible for registration with MAN, a prospective member of MAN is expected to have a functional or operational manufacturing plant in Nigeria, producing at least one product duly registered with appropriate regulatory body (SON, NAFDAC, etc.) and having a minimum sales turnover of N100 Million.

Also, the following requirements must be provided:

i. Certificate of incorporation and other incorporation documents of the Company;

ii. Copies of duly certified Audited Financial Statements of the Company for the Preceding two (2) years (for old company) or Business Plan (for new companies);

iii. A Cover Letter on the letter head of the applicant company applying to be registered as a member of MAN

iv. Proof of payments of Application Form Fee (N5,000), Registration Fee (N10,000), Annual Subscription, Special Development Levy, Land Use Charge Levy for Members in Lagos only (N20,000), Buy Made-in-Nigeria Products Advert Levy (N10,000), Legal Levy (N10,000) and AGM Levy (N10,000).

After confirmation of the above payments, an inspection visit will be scheduled by MAN delegates. Thereafter, membership of MAN will be confirmed.

4. Can the foreigners repatriate their investment funds and profits out of Nigeria?

There is no restriction policy on the movement of foreign funds out of Nigeria. Foreign investors are guaranteed unconditional and unrestricted repatriation of their capital, investments, and profits in any convertible currency out of Nigeria through any authorized dealer.

However, it is advisable that a Certificate of Capital Importation (“CCI”) can be obtained upon incorporation of the company to enable seamless repatriation of funds, when necessary. The CCI validates the inflow of foreign capital into Nigeria.

A CCI is free of charge (except out-of-pocket expenses, which should not exceed N25,000 (Twenty-Five Thousand Naira) Only.

5. What is the timeline for processing the post-incorporation registrations and licenses for a manufacturing company in Nigeria?

Obtaining licenses for a manufacturing company on an average takes about 4 weeks.

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The federal government has projected to drive the country’s industrial sector with N868.56 billion under the new National Development Plan, but only time would tell how far the plan would revoltionise the country’s manufacturing sector, writes Dike Onwuamaeze

The federal government launched the 2021 to 2025 National Development Plan (NDP) on December 23, 2021.

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said that the NDP was designed as the country’s Medium-Term Development Plan meant to succeed the Economic Recovery and Growth Plan (ERGP) that was implemented from 2017 to 2020.

The Volume One of the NDP document stated that “national development is the highest priority of the government,” adding that the “government will unlock all constraints to ensure that economic growth is enhanced, inclusive and sustainable over the plan period and beyond to generate employment and reduce poverty.”

It further stated that the NDP was formulated against the backdrop of several subsisting development challenges in the country and the need to tackle them within the framework of medium- and long-term plans. These challenges include low and fragile economic growth, insecurity, weak institutions, insufficient public service delivery, notable infrastructure deficits, climate change and weak social indicators. Hence, the Plan seeks to invest massively in infrastructure, ensure macroeconomic stability, enhance the investment environment, improve on social indicators and living conditions, implement climate change mitigation, adaptation and resilience strategies, amongst others.

Specifically, the Plan is aimed at generating 21 million full-time jobs and lift 35 million people out of poverty by 2025; thus setting the stage for achieving the government’s commitment of lifting 100 million Nigerians out of poverty in 10 years. The country can achieve these targets through high quality economic growth and a more inclusive economy, leveraging its young workforce, and enhancing implementation capacity at national and subnational levels. With effective implementation, Nigeria will progress significantly on the path of unlocking its potentials in all sectors of the economy for a sustainable, holistic and inclusive national development.”

In addition, the role of the government will go beyond the normal provision of the enabling environment to include the qualitative participation in vital sectors of the economy that will open opportunities for the private sector to be a major engine of growth.

Size of the Plan

In order to accomplish its objectives, the NDP provided for the implementation of major infrastructure and other development projects across the six geopolitical zones and the opening up of opportunities for the rural areas to ensure balanced development and increased competitiveness.

Specifically, the attainment of the objectives of the plan would require an investment commitment of about N348.1 trillion. It is estimated that the government capital expenditure during the period will be N49.7 trillion (14.3 percent) while the balance of N298.3 trillion (85.7 percent) is expected from the private sector.

Of the 14.3 percent government contribution, FGN capital expenditure will be N29.6 trillion (8.5 percent) while the sub-national governments’ capital expenditure is estimated to be about N20.1 trillion (5.8 percent). The successful implementation of this plan will therefore be heavily dependent on a strong partnership between the private and public sector.

The country is moving along the path of the reforms required to unlock local content development, subnational economic diversification, competitiveness, growth, and making moderate, incremental progress in poverty reduction and other human development indices in the medium-term.

Manufacturing Sector

The broad objective of the NDP in relation to the manufacturing sector is to improve the manufacturing climate, output and performance through improved infrastructure, stabilising the macro economy, and removing regulatory constraints. It said that as part of its efforts to improve the business environment for manufacturing, the government would simultaneously improve infrastructure, deepen and expand existing enabling business environment reforms, and align fiscal and monetary policy to strengthen the economy.

The NDP stated that four strategies are critical to realising its goals for the Nigeria’s manufacturing sector. They are increased infrastructure provision to alleviate bottlenecks in manufacturing. It said: “Infrastructure has widespread effects on manufacturing productivity and industrialisation. As a result, the government plans to expand Nigeria’s infrastructure stock, beginning with energy and transportation infrastructure. It is expected that industries will have a steady energy supply by the end of the plan period.”

In addition, the industrial locations would also be linked to multimodal transportation infrastructure covering rail, roads, air and sea ports.

The second strategy is the launching of interventions funds to finance manufacturing expansion. This strategy is intended to improve the availability and affordability of long term single-digit financial facilities for Nigerian manufacturers. This would lower manufacturing’s overall cost structure and potentially lower entry barriers, resulting in a surge in manufacturing activity across the country and increased economic output from the sector.

The third segment of the strategies to boost the industrial sector is the strengthening of value chain linkages to primary sectors, especially the linkages between the agro-allied and primary sectors to ensure raw material availability for manufacturing.

“This will be accomplished by implementing value chain development programmes and incentives to encourage local sourcing of raw materials in areas where Nigeria has a comparative advantage. There will be emphasis on fostering synergies among the Ministries of Industry, Trade and Investment and other relevant MDAs such as the Ministries of Agriculture and Rural Development and Ministries of Science and Technology, both at the federal and state levels, to implement initiatives that improve the productivity of value chains to provide critical input for manufacturing.”

The fourth strategy is the review of existing manufacturing policies, laws and regulations to ensure business friendliness and trade. The NDP said that “government will take a comprehensive approach to the policies, laws, and regulations required to create mutually reinforcing framework that promote competitiveness and a business-friendly environment. Policies, rules, and regulations will all work in tandem to achieve export orientation of manufacturing activities. Through the Industrial Policy and Competitiveness Council, the government will provide the private sector with a channel to share feedback on its policies.

The NDP also planned to “facilitate the development of industrial cities, industrial parks, and industrial clusters, while focusing on making hard infrastructure available within these industrial zones” and leverage technology and other digital innovations to aid Nigeria’s industrialisation process and competitiveness.

It also envisaged working with key partners, especially development finance institutions, to develop and expand the credit guarantee schemes available to players in the manufacturing sector, particularly the MSMEs.

It would also strengthen state-owned development finance institutions by injecting additional equity capital towards enabling them to support enterprises more effectively.

Investment and Resource Allocation

To meet the stated goals, the government assured that it would optimise financing for various initiatives aimed at eliminating binding constraints in the manufacturing sector. In addition, the government said that it would prioritise the promotion of investment in the industry.

Therefore, “within the planning period, an estimated public investment of about N868.56 billion is committed to complement private sector investment on this sector to achieve the objectives.

Along with the government’s contribution to relevant ministries’ capital expenditures, other government agencies involved in industrial development in the three-tiers of government will use their resources to prioritise initiatives aimed at fostering manufacturing growth and competitiveness. Government will demonstrate its commitment towards creating an enabling environment for private investment to thrive in the country. Furthermore, the implementation of the AfCFTA should attract significant private sector investment.”

In the years ahead, Nigeria will facilitate the rebirth of the manufacturing sector by improving the enabling environment, crowding in additional capital, and strengthening value chain linkages.

These initiatives are expected to accelerate the pace of the country’s industrialisation, improve economic growth and foster value-added export orientation of manufacturing activities. Synergies and consolidation of efforts from all government ministries, departments and agencies involved in the sector’s development is key to realizing the stated objectives. Successful implementation of initiatives and stated objectives will advance the performance of the manufacturing sector.

The Special Adviser to the President Muhammed Buhari on Finance and the Economy, Dr. Sarah Alade, who was a former acting governor of the Central Bank of Nigeria, said that the implementation of the NDP would be linked to the annual budget. She also harped on the need for the government to show the political will to implement the plan. “We do not want the train to leave us behind the fourth industrial revolution,” she said.

A former Professor of Economics, University of Benin, Dr. Mik Obadan, said that the broad objective of the NDP for the manufacturing sector is to improve the manufacturing climate, output and performance through improved infrastructure, stabilising the macro-economy, and removing regulatory constraints.

He said: “Manufacturing is a private sector activity. Opportunities abound in all areas of production, distribution and exchange of goods and services via MSMEs and large scale enterprises. Opportunities in infrastructure development through government’s PPP initiatives.

The implementation of the AfCFTA should attract significant private sector investment.”

But the Senior Partner, KPMG in Nigeria and Chairman, KPMG Africa, Mr. Kunle Elebute, has stated that the federal government should deepen economic reforms in order to attract the private sector investments that would drive the country’s development.

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See the step-by-step guide on how to start a manufacturing business in Nigeria. This article is useful for those who are seeking for knowledge to start production business in Nigeria. Apart from the steps, we also share some small scale manufacturing business ideas in Nigeria and you can venture into.

Business Overview

Manufacturing promotes the economy of any country and Nigeria is not an exception hence it promotes a nation’s Gross Domestic Product (GDP) and that is why therefore countries like China and the United States are the richest countries in the world and however Nigeria as a country is very much in need of indigenous manufacturing companies and this article explains how to start.

Read Also: 15 Problems Of Nigeria Manufacturing Sector And Possible Solutions

11 Steps To Start Manufacturing Company In Nigeria

Factors To Consider Before Opening A Manufacturing Company

Nevertheless there are certain things to consider and this is before you go into manufacturing.

1. Do the SWOT Analysis

SWOT analysis helps in evaluating threats, opportunities and weaknesses and strengths.

a. Strenght ( S ) in SWOT analysis For Manufacturing

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Here questions like the ones below come up:

i. What factors determine sale and distribution and what are the advantages and prospects of your organization and also what are the unique attributes and characteristics of your company, hence the questions above and some others are part of the Strength (S) analysis.

b. Weaknesses ( B )

i. What are the things you can avoid or prevent and what things do marketers and sellers see as weaknesses hence questions like this and some others belong to the weakness (W) category.

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c. Opportunities ( O ) in SWOT analysis

i. What opportunities and chances do you see and what trending interests and features do you know and another is what are the changes in market and technology both in narrow and broad scale and what are the government policy changes and transformations?

i. What are the obstacles and challenges that you are facing and what activities and events do your competitors do and also are there changes in specifications and standard quality hence these questions belong to the threat category.

2. Consider branding strategy For Manufacturing

How do you make your products unique and this is branding and there are many products out there in the market and you need to brand your products hence this will help customers know which one is your product and which one is not and branding is an important part of manufacturing and brand accordingly.

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3. Trending markets For Manufacturing

Do some research and find out the marketing techniques and trends and knowing the marketing trends and factors will help you to prepare your manufacturing company.

4. Knowing the target customers In Manufacturing

You have to know your target customers and also what your customers need and bringing products with much need from customers will promote the manufacturing business and meet the needs of your customers and see your company flourish.

5. Demographics of your customer In Manufacturing

The population and location of your customers has something to do with the demographics.

6. Selling strategy In Manufacturing

Marketing strategies and techniques that appeal to your customers should be the ones you need to implement.

7. Distribution methods In Manufacturing

Make provisions on how you can distribute and market your products and proper distribution channels should be put in place and this will promote product sales.

8. Technology and ecommerce In Manufacturing

Your manufacturing company should have a website because this is the 21st century and you have to be online and many manufacturing companies now need more audience and make more sales online.

9. Positioning and pricing In Manufacturing

Your price should not be too high for your customers and proper positioning applies here.

10. Promoting and advertising In Manufacturing

Options exist for different forms of advertising and you can utilise them for product promotion and advertising both online and offline and tell people what you do.

11. Risk management In Manufacturing

How do you manage the risks and how do you implement management strategies?

What Are The Items You Can Do Their Manufacturing ?

Manufacture items that are legal and user friendly hence fake drugs manufacturing and contraband goods are not what this article is talking about and you can also manufacture something unique and sell them in the Nigerian market and also ensure that what you are manufacturing is legitimate and perhaps exportable and some goods are not legal and healthy.

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Items You Can Choose And Do Their Manufacturing

The list below is from the Nigeria Entrepreneurship Program and it is below:

a. Soap and detergent products, paint and polishing products and others cleaning products, foam products, textile and garment products

b. Plywood and saw mill products, lamination and particle brand and packaging, body lotion and cosmetics, ginger processing products and packaging

c. Leather and shoe products and ice blocks and printing products, fishes and fisheries and poultry and diary products, filling, gas and cylinder (LPG)

d. PVC plant for manufacturing and production processes and poles and pillars, blocks, concrete and pillars

e. Blending products of oil and gas and other petroleum products and candle making and wax production

What Are The Promotional Factors Of Manufacturing In Nigeria ?

Manufacturing in Nigeria has certain contingencies and inefficiencies.

1. Electricity shortage For Manufacturing

Most manufacturing companies make use of electricity and some areas in Nigeria don’t have enough of that and this is one of the reasons why many foreign companies are not in Nigeria and also go for some alternatives like generators and solar panels.

2. Infrastructures For Manufacturing

Road, electricity and other infrastructures enhance production and transportation and this have effect on manufacturing and production and more infrastructures are necessary for manufacturing in Nigeria since the ones available are not efficient.

3. Loans and security For Manufacturing

There are many scammers and people who would rather produce something fake and market to Nigerians and some are into fake drugs and illegal arms and all these are not good for the health and security of Nigerians however many people do this to make money and this article is not for such people and some Nigerians manufacture contraband goods and also better loans are necessary to promote manufacturing.

4. Need for indigenous production In Manufacturing

Nigeria still imports more than they export and this is not good for the Nigerian economy hence manufacturing genuine and original products will help Nigerian customers and the Nigerian economy.

Read Also: Role of Industry In Nigeria Economic Development

5. Low innovation

The mindset of many Nigerians is not how to make things but rather otherwise and youths and the rest of the population in other countries focus much on the art of making things and innovation hence many products we use today started from an innovative idea and ideas are the starting point of innovation and lack of ideas is lack of innovation.

Manufacturing does much good to the economy of Nigeria and many manufacturing companies are needed in this country and this is a sure way of promoting the Gross Domestic Product (GDP) of any nation however manufacturing is not only good for the manufacturer but is also good for the country and explanations and guidelines on how to start are in this article.

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How to Write a Business Plan in Nigeria

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Thinking about how to create a business plan for your small or medium sized business? Learn how to write a business plan in Nigeria from the professional business plan consultants. Most Nigerian entrepreneurs and companies do not have or implementation business plans when starting or growing up their businesses. They perhaps believed that business plan is just a document or paper that will not give them the most need capital to scale up their business ideas or investment.

Of course, a business plan is a written document that describes a business, its products or services, strategies and procedures on how it will galvanize it scarce human and material resources in a day-to-day operations in order to make profits. A business plan would contain everything a reader may want to know about your business , starting from the title page, the executive summary, the company description and to the appendix page.

Our accounting and taxation consultants can fill tax returns for your business, project your capital expenditure budgets and compose other business development and small business administration (SBA) or legal documents that set-up your business in the right way to success. We provide business profiling services such as writing of your Vision and Mission Statements , brand positioning statements, employee handbooks, and provide web designing , corporate branding and packaging services.

4 Reasons Why you need a Professional Business Plan in Nigeria

#1. it helps you prioritize your business goals.

When you setup and go into your own business without proper business planning and research process; they end up investing in a business for the wrong reasons. And before the first two to three years, they would be forced to close down. Why? Because they believed that writing a business plan would not stop the money from coming as they expected, until they ran into management or business ownership crisis.

#2. It Helps You Avoid Initial Startups Mistakes

To help business executives avoid failures in the future, we develop winning business plans that prioritize your company deliverables right from the start-up stage and meet all your business needs. This will help us build a sustainable leadership culture and business structure for you.

#3. It Provides Go-to-Marketing Insights and Strategies

While there a lot of steps involved in starting a business; these can be overwhelming to any small business owner and startup entrepreneurship. Connect with best business plan writing professionals in Nigeria who understand the Nigerian consumer markets and viable business environments. We offer valuable assistance to bring your brand products and services into reality.

#4. It Provides Answers to Your Startup Questions

Many Nigerian entrepreneurs who have brilliant business ideas usually ask us these important questions and here are some of our answers:

Why do I need a business plan to start my business in Nigeria?
Do you write business plans for new business or existing businesses?
How much does it cost to write a good business plan in Nigeria?
Can I use my business plan to get a business loan from the banks?
How can I use my business plan to secure new investors for my business?
Can you create free sample business plans for my type of business?
How long does it take your company to writer winning business plans?
Can I get full script or hard copy of the written business plan from you?

How We Do Expert Business Plan Writing in Nigeria

Asking what is the cost of writing a business plan in Nigeria? Well, most professional business plan experts would charge between ₦100,000 and ₦250,000 Naira for fully researched business plan writing services. We create custom business plan that is specifically developed for your business industry from the scratch.

Asking about free business plan samples, we offer easy to use pre-written business plan templates at affordable prices. If this is what you want, such samples will help you organize your unique business idea and set out an amazing business plan for your sole proprietorship business, enterprise or limited liability company.

Asking if you need a business plan for new and existing businesses? the answer is YES! We build successful business plans for all kind of businesses; be it beauty salon business plan, pharmacy shop business plan, wellness and transportation industries, hospital business plan, travel and hotel business plan, agriculture business plan and fish/poultry farming business plan.

When creating a business plan with us, you will get a top notch business plans for food processing and supply chain businesses, fashion design, café and restaurants business plan, automobile mechanic and car driving school business plan, fintec business plan, waste recycling and water treatment and ICT business plan, print shop business plan, event planning, supermarket and ecommerce retail business plan.

When preparing to write a outstanding business plan that fits your business objectives, we conduct industry research, carry out competitor analysis and include our carefully crafted parameters in your business plan format . We consider how to write the Executive Summary that will capture the attention of your target audience. Base on our target market analysis and your input, we write Company Description, the Business Organization, Management Structure, and Product Line or Company Services.

Our marketers know how to package your startup business ideas on your business plan documentation in order to help you get that nodes and supports you need from potential investors or financial institutions. We design professional websites, marketing plan and employ qualified accountants who can use the available figures and market findings to calculate your business funding requests and future cash-flow financial projections ( whether in the next three or five years).

As Lagos based corporate branding and business plan writing company in Nigeria , we help business individuals and companies to plan and develop their businesses from business proposal to business plan writing, project feasibility studies and target market research. We offer business SWOT analysis, booking accounting services , and investment management software development.

Related: How to Start a Business in Nigeria

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Comments (4)

I need a professional business plan for my new pharmacy company. What is the cost of writing a good business plan form me?

Please contact us today to request a quote.

Please am starting up a seafood business in Nigeria, I need help with a sell out business plan. How do I achieve that

I can help you write a compelling and comprehensive business plan.

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Manufacturing Business Ideas You Can Start On A Small Scale

Entrepreneurs.ng
June 28, 2020

Do you have a passion for creating products from start to finish in order to solve human problems? Then these manufacturing business ideas should resonate with you.

See Also: 10 Networking Tips To Build And Grow Your Business Network

Manufacturing has been one of the largest creators of wealth and an important aspect of economic growth. It is a sector of the economy that produces products for use by the masses. It is a sustainable and profitable business area that can be started on a large or small scale.

Manufacturing business ideas can be anything from infrastructure, furniture, water, power, tech, design, handcraft, or any physical item. Basically, it is the transformation of raw materials into finished goods which are then sold to the final consumer (user).

Generally, there is no home or office in Nigeria without a piece of manufactured item in it. Therefore, whichever manufacturing business you decide to launch into, the market is sure.

In this article, I have highlighted some of the manufacturing business ideas you can start on a small-scale in Nigeria. So, if you are a prospective entrepreneur seeking business ideas, this is for you.

Watch the full video of all the manufacturing businesses you can start now and how to start them. Also, subscribe to our channel to get more business ideas and insights.

21 Manufacturing Business Ideas To Start On A Small Scale

Paper making.

Making of paper or book is one of the low-cost manufacturing business ideas. Papers are widely used in educational systems, religious centres, offices, events, e.t.c and this explains why it is a lucrative business area.

It involves the manufacturing of papers, cardboard, and turning them into finished products like books, envelopes, paper bags, folders, etc. It can be done with the use of an industrial machine or by hand. All you need is to decide the kind of paper you want to produce, get the technical skill, tools, and equipment.

Papermaking process involves separating the useful fibre from the rest of the raw materials. i.e separate cellulose from wood, cotton and beat it into pulp. Then, adjust the color, and other properties, screen, and press dry to get the actual size.

If you are interested in papermaking, some of the materials you need include; chemicals, vacuum tables, beaters, paper dresses, dryers, etc.

See Also: Most In-Demand Freelance Skills To Start And Earn Money

Water Manufacturing

Water is a lucrative manufacturing business in Africa, owing to the demand for clean and drinkable water. It is a universal need with high demand from humans and animals without restriction to any location, place, or time.

By venturing into pure water business , you will be providing one of the basic human needs. This way, you are sure of your profit irrespective of the economic situation in the country. Water can be packaged into sachets or portable plastic bottles after it has been purified. It requires a clean environment, factory, equipment, and distribution vehicles.

Some of the equipment for water manufacturing business idea include; purifier, distiller, tank, buckets, e.t.c.

See Also: How To Start A Successful Film Production Business In Nigeria

Garri Processing

Garri has remained one of the oldest manufacturing business ideas known in Nigeria and other West African countries. Aside from rice, it is one of the popular staple meals.

Just like fufu, garri is made from cassava tubers . The tubers are peeled, washed and crushed, and pressed to remove excess water, after which it is sieved and fried. Then, packaged and marketed for sale.

Some of the equipment for garri processing include; presser, grater, fryers, rotary dryer, hammer milling machine, weighing balance, granulator, sieves, and sealer.

See Also: How To Process Your NAFDAC And Get A NAFDAC Registration Number In Nigeria

Baking business is one of the profitable manufacturing business ideas that have grown in popularity over the years. It involves mixing raw materials like flours, sugar, egg, and other condiments into edible a substance.

It is a wide business area that requires focusing on a specific niche for effectiveness. For instance, you can choose to bake a cake, bread, snacks, pizza, biscuits, etc. You can begin from your kitchen and you make deliveries to customers, and as time goes on, expand into a big factory.

Baking is a viable business irrespective of your location. All you need is to focus on a particular area and master it. Some of the equipment you would need for the business include; grinder, mixer, measuring cups and spoon, spatula, baking pan, oven, e.t.c

See Also: How To Start A Successful Block Industry Business In Nigeria

Bead Making

Bead making is also one of the low-cost manufacturing business ideas common in every part of Nigeria. With a little amount and a high level of creativity, you can turn pottery, glass, ceramics, plastic, wood into beads, and ornaments. The beads can then be used for necklace, belt, earrings, bracelet, waist bead, flower vases, etc. All of which can serve as beauty tools in events, parties, etc, especially for women.

Usually, beads come in different materials, shapes, sizes, and colours. The equipment and tools used for bead making include; scissors, needle, thread, twine, plastic plates, stopper, hook and nut, e.t.c

See Also: How To Start A Plumbing Business In Nigeria

Soap And Detergent

Soap and detergents are essential household items constantly in high demand everywhere in the world. It is the combination of animal fat, plant oil, and alkali or caustic soda. They are usually mixed in the right proportion to form solid bars, tablets, liquid, or powdered substances.

Soap manufacturing can start from home or a suitable location that allows for full concentration. Then, you can make, brand, and distribute.

Soaps are used in homes, offices, and public places to cleanse and wash away dirt. Also, it can be used to cure skin pores, dye hair, wash clothes, dishes, body, etc. Some of the materials used for the business include; gas or electric stove, mixer, basin, plastic bags, weighing scale, ladles, hand-gloves, e.t.c

See Also: How To Start A Successful Logistics Business In Nigeria

Plastic Bags

Virtually, all products require packaging until it gets to the final consumer. This packaging can be in the form of plastic, nylon, paper, or any container. It is used on a daily basis and very easy to manufacture.

Plastics bags are made from polymer substance known as polyethylene. It is made from ethylene and chemically changed into polyethylene. It is easy to manipulate into different shapes, sizes, densities, and texture. Plastic bags business can start from the comfort of your home with moderate capital. If you are interested, get an extruding machine, cellulose, natural gas, etc.

See Also: The Challenge In Business Is Not The Lack Of Business Ideas

Chalk Making

Chalk making is one of the small-scale manufacturing business ideas that you can start from home. It is a round shape brittle stick that comes either in white colour or other colours. It is common in schools, churches and can be used for blackboard, walls, or other hard surfaces. Besides, it is also used by furniture makers, construction workers, tailor, plumber, and non-educational settings.

Chalk is made from plaster of Paris, clean water, lubricant, and colours. It is mixed, presented in a brittle round shape stick, and packaged in a paper container. Some of the chalk making equipment include; chalk mold, scrapper, hand gloves, dryer, etc.

See Also: How To Start Cassava Farming Business In Nigeria

Textile Production

Textile production is one of the lucrative manufacturing business ideas you can start. It is a major industry everywhere in the world. It involves the conversion of fibre into yarn, fabrics, then into clothes. Textile involves a number of processes like cultivating and harvesting of cotton, preparing and spinning, weaving, knitting, finishing, colouration etc.

As a textile producer, you can focus on producing Adire, plain and pattern, Ankara, lace, guinea, or other kinds of clothes from cotton. You can make just the fabrics then market to clothing lines to design outfits. Besides, you can also focus on making and designing ready-made dresses.

Textile production is now taking an upturn in Nigeria and therefore is a good business to get involved in. Some of the equipment used in textile industries include; weaving machine, tufting machine, crotchet, knitting, e.t.c

Furniture Making

These days, Nigerian import furniture from different parts of the world which means, we do not have enough furniture producing companies in Nigeria. Furniture making can be on a large scale or small scale or you can start small then scale up. First, you can focus on creating custom furniture like chairs, cabinets, or beddings, and as time goes on, expand on your production.

Some of the equipment for furniture making include; panel saw, hammer, edge binders, edge foilers, boring machine, drill pressers, e.t.c

See Also: How To Start Cocoa Production Business In Nigeria

Basket Making

Basket making is a rural craft manufacturing business idea. It is an idea unique to people of different cultures. Baskets are produced from a wide range of plant fibers like roots, cane, twigs, and grasses like raffia and reeds. Then, they are made in different shapes and sizes to serve different purposes. It can be manufactured by hand or with the use of a machine.

Basket can serve as gift items, clothing, hats, mats, boxes, e.t.c

See Also: Recycling Business – How To Start Recycling Business In Nigeria

Flour Production

Flour milling is one of the lucrative manufacturing business ideas in Nigeria. It is a sustainable investment opportunity in the food processing industry. It is a business that involves grain processing or other agricultural produce into flours. Some of the foods that can be process include; yam, maize, wheat, and plantain, beans.

Some of the machines to make this effective include; flour purifier, bran brusher, flour blender, flour packer, bran finisher, e.t.c

See Also: How To Start A Fashion Business In Nigeria

Leather encompasses a wide range of areas. It is one of the manufacturing business ideas that require huge attention. Leather related items are always in high demand owing to its importance to man. After making the leather, you can sell to shoe, belt, and bag making companies who then turn it into a finished product.

Leathers can be natural materials made from animal skin or artificial from paper, waxed cotton, apple fibers, teak leaves, etc. It is a profitable business as long as you have the technical know-how skill on how to turn the raw material into finished leather products.

Some of the equipment used in leather manufacturing include; leather buffing machine, shamming machine, e.t.c

See Also: Photography Business – How To Start Photography Business In Nigeria

Shoe And Belt Making

Shoemaking business can start from the comfort of your home, and as time goes on, you can expand into a large manufacturing company. It is a profitable and sustainable business that requires a high level of creativity.

Shoe and belt making business come hand in hand. They are both made from a wide variety of materials like leather, rubber, synthetic, foam, textile, hook, etc. You can produce in large or small quantities and sell to consumers or wholesale to retailers.

All you need is the skill and important tools like pattern making and cutting machine, shoe mold, etc.

See Also: How To Start A Private Security Company In Nigeria

Spices And Condiments

Condiments and spice are essential ingredients added to food to improve the food flavour. It helps to add colour and extra taste to the food. It is common in homes, events, hotels, restaurant or other places where meals are prepared.

Spices are high in-demand both in the local and international markets. However, it can be manufactured right from the comfort of your home, packaged, branded, and export for sale. All you need is to get the raw items, grate, add flavours, and ensure it is consumable.

With tools like mixer, grinder and raw materials, you can make spices and condiments like; chili pepper, coriander powder, ketchup, black pepper, butter, mayonnaise, turmeric, garlic powder e.t.c

See Also: How To Start Liquid Soap Business In Nigeria

Drinks And Beverage

Drinks and beverage is a profitable manufacturing business idea in Nigeria. Aside from being essential to hydration, it is a source of energy, vitamin, mineral, fat, protein, and carbohydrate. Although several people avoid it due to sugar and acidic content, it is still a viable market, especially in dry seasons.

To compete in this market, your product has to be unique. Also, you need to develop a winning marketing strategy that will communicate the nutritional contents of the beverage or drink.

See Also: How To Start A Haulage Business In Nigeria

Cooking Oil

This is one of the major needs everywhere in the world. It is a profitable and sustainable manufacturing business idea with guaranteed profit. Vegetable oil is essential for our everyday meal, and therefore in high demand in all regions of the world. It is used mostly for frying, preserving, or for cooking food items.

Vegetable oil consists of edible oil extracted from olives, peanuts, safflowers, palm kernel, cotton, sesame, grapeseed, etc. with no additives, preservatives, or special flavouring. The extraction can be done mechanically using an oil mill or chemical extraction using a solvent. Afterwards, it’s purified and if necessary refined or chemically altered then packaged.

Some of the equipment used for manufacturing cooking oil include; oil presser, crushing machine, extractor, cleaning machine, etc.

See Also: How To Start A Fish Farming Business In Nigeria

Paint Manufacturing

These days, paint is one of the common manufacturing business ideas that people can venture into. It is a profitable industry that requires less capital. There are different kinds of paints that appeal to different groups of people. You need to identify the market and determine the best paints that appeal to them. Some varieties of paint are emulsion, textcoat, flextured, vanish, undercoat, matte eggshell, etc.

Paints are made from solvents and chemicals like formalin, nitrosol, colorite, calcium carbonate, etc. They are then mixed and packaged.

They are used in beautifying a house and to add a great appeal to the look of a building. You can start a local paint manufacturing business if you have the skills from a corner of your home.

Some of the equipment for paint making include; mixing tank, sand mill, and paint filter.

See Also: How To Start A Rice Farming Business In Nigeria

Hair Oil Production

Hair oil production is a low-cost manufacturing business that you can begin from home. It is a good market potential because hair oil is used by males and females. These days, people are looking out for what can make their hair softer, silkier, and free from dandruff and lies.

For instance, you can focus on making coconut oil, olive oil, palm kernel oil, avocado oil, or other natural oil types.

You need to make sure the oil is non-sticky and has a good fragrance, then package and brand. Some of the things you need to get started include; base oil, herbal extract, perfume, mixing and bottling, and sealing machine.

See Also: Palm Oil Business – How To Start Palm Oil Business In Nigeria

Just like hair oil, hair wigs are in high demand. As long as you can offer quality hair products, you are sure to have plenty of customers. However, before you launch, you can train to have technical know-how and what the competitors are doing.

See Also: Bulk SMS Business – How To Start Bulk SMS Business In Nigeria

Perfume making is a low-cost manufacturing business in Nigeria but a highly competitive one. Just because everyone wants to smell good, perfume is in high demand, especially from the fashion-conscious individuals.

Perfumes are mixtures of fragrance oil, alcohol, essential oil, distilled or spring water, and glycerine. They can be used to keep the skin dry, moist, and to manufacture body creams, etc. You need to ensure your perfume is rich in aromas like other top brands and packaged in an elegant style.

Some of the equipment for perfume production include; glass jar for mixing fragrance, measuring spoons, aluminum foil, funnel, etc.

Now that we have an overview of what manufacturing business ideas entail, it is time, to dive deeper into how you can start one and become successful at it.

See Also: How To Start A Football Viewing Center In Nigeria

How To Start Any Of The Listed Manufacturing Business Ideas

Beyond having a passion for any of the listed businesses, it is important to plan before you fully venture in. This way, you can clearly identify the goals of the business and think of the future.

In the following paragraphs, I will highlight the basic steps that should be taken to set up a manufacturing business.

See Also: How To Start A Successful Supermarket Business In Nigeria

Step 1: Choose A Niche

There are multiple human needs today and the ability to meet any of these needs determines how sustainable your business can be. This means doing research and finding the needs of your target market. Then, think of how to proffer solutions and profit from it.

Besides, you also need to focus and specialise in one area that you are passionate about and skillful in. So, in choosing a niche, determine what the needs are, the target market, competition, and profitability.

See Also: How To Start A Successful Bakery Business In Nigeria

Step 2: Write A Business Plan

As soon as you make a choice from the business ideas, the next thing is to write a business plan.

A business plan states the mission, vision, pricing, organisation structure, product, and financial projection of a business. It can serve as a good reference point and map to give the business a sense of direction. It is usually written with the future of the business in mind with a realistic time frame.

To write a business plan, first, conduct research on the nature of the business, the existing competitors, and the best strategies to survive. Then, document the result to form your plan. By doing this, you can easily seek financial support from banks and investors.

See Also: Comprehensive Guide On How To Start Printing Business

Step 3: Register The Business

It’s important to register your business with the right authority. Business registration is a smart and rewarding decision made by an entrepreneur. It allows access to opportunities and make a business more credible.

Depending on your choice and ownership structure , you can register as a limited liability company, sole proprietorship, or partnership. Just log on to the official website of the company and follow the due process.

In case you find the process uneasy, reach out to business consulting firms like ReDahlia . ReDahlia makes business registration easy and offers consultation services to entrepreneurs.

In addition, you will also need to register under some national regulatory bodies. For instance, food manufacturing industries are required to register under the National Agency for Food And Drug Administration Control (NAFDAC). NAFDAC regulates and controls the manufacture, import, export, advert, sales, and use of food, drugs, chemicals, water, cosmetics in Nigeria.

Then, pay tax, and obtain licenses and permits specific to your business area.

See Also: How To Start Bottled Water Or Pure Water Business In Nigeria

Step 4: Get Trained

Depending on your area of interest, having a technical know-how skill of the business is important.

For example, to be a good baker, you will need to attend a catering institute at least for a period of six months. This way, you can have hands-on experience in the field of business, and perform better.

See Also: E-Commerce Business – How To Start An E-Commerce Business In Nigeria

Step 5: Location

Some of the manufacturing business ideas can start on a small scale from the comfort of your house, and as time goes on, you expand into a fully staffed factory.

However, if you wish to operate on a large scale from the beginning, you will need to build or rent a factory where the business activities can be carried out. For instance, pure water business requires a factory free from air and water pollution and must be licensed by NAFDAC before production is carried out.

Besides, if it is a small scale, you can start from your home and leverage the internet for market promotion.

See Also: How To Start A Cleaning Service Company In Nigeria

Step 6: Tools And Equipment

To do any of the listed manufacturing business ideas, you will need to procure equipment unique to your industry. Some are cheap while some are a bit expensive.

But, if you are starting on a small scale, you can use your hands for some of the productions and as the business expands, get more machines and tools to make it faster and easier.

See Also: How To Start A Poultry Farming Business In Nigeria

Step 7: Human Resource

Human resource is a sensitive area in every business. You do not want to employ the services of lazy people or insincere people who might be changing figures and reducing the number of raw materials.

Look out for experienced individuals and those who can stay committed to the vision of the business. Then, create an onboarding process that teaches the habits and ethics needed in the work environment. This way, you will be preserving the future of your business and building a strong workforce.

Some of the basic personnel to hire include; administrative personnel, sales personnel, managers, factory workers, drivers, security officers, etc.

See Also: Mini Importation – How To Start Mini Importation Business In Nigeria

Step 8: Deliver Quality Services

By producing exceptional products, you stand a good chance in your industry no matter the existing competition. Most times, the majority of people prefer quality products that can stand the test of time. So, if you intend to become an authority in your industry, ensure to produce quality goods.

For example, if you are into pure water business, make sure you do not produce tasty or colored water. If it is oil making, make sure it is not rancid. If textile, ensure to create durable fabrics.

See Also: How To Start An Export Business In Nigeria

Step 9: Promote The Business

In every business, selling is key. So, as long as you have the right product, try to devise feasible marketing strategies. Some of which will be highlighted in the following paragraphs;

See Also: Top Business Opportunities In Lagos And How To Clinch Them

Important Tips For Promotions

First, build an online presence. This involves creating an attractive website and leveraging social media platforms i.e Facebook, Twitter, Instagram, LinkedIn.

Irrespective of what your business is about, you can build a website and optimize for search engines. The website should have a perfect description of your service offering, contact details, and business location. Also, it should include the tools that will allow orders to be made, and queries answered.

Secondly, have a business card and create brochures. These days, some SMEs overlook the importance of a business card and see it as an unnecessary item. But on the contrary, a business card and marketing come handy when you attend industry-specific events.

Then, invest in advertising. Depending on what you can afford, invest in print, electronics, and online advertising. You can pay for advertising spaces on billboards, television, radio, magazines, or newspapers.

In conclusion, starting any of the listed manufacturing business ideas can be the bold step you need to take. If you have the experience, skill, knowledge, and capital, there is no best time to start than now.

Let’s help you put your business on the world map and increase your brand’s visibility. Contact us today so we can start.

To keep track of our activities, follow us on Instagram

11 thoughts on “Manufacturing Business Ideas You Can Start On A Small Scale”

This is really very helpful. Thank you for such ideas. I will try any one of the businesses.

Thank you. We are glad you found it insightful.

This is a good business ideas, I would like to develop more ideas on pure water, bread, palm oil processing or more businesses ideas.

Thank you for this great article.Please I want a comprehensive proposal on textile and leather manufacturing business.

Hello Daniel,

Thank you for reaching out to us. For a business plan, reach us on 08038874148. Thank you.

This is a great information. Thumbs up.

Thank you. We’re glad you found the content insightful.

Thank you for such opening ideas. May God bless you. Will want comprehensive write-ups about PERFUME PRODUCTION, PRODUCTION OF SPICES, CONDIMENTS, FLOUR PRODUCTION, PLASTIC BAGS PRODUCTION. Thank you very much. Daniel Roland Odeh

Thank you for reaching out to us. You can reach us at [email protected] or 08038874148 if you want a comprehensive proposal on the businesses you mentioned.

This was very helpful. I want to talk to you guys on something. This is my mail

Hello Fatokun,

We are glad the content was helpful. We just sent you a mail. Interestingly, we have a comprehensive guide coming out soon that contains the investment cost for starting many business ideas. Please, keep tabs on Entrepreneurs.ng, because we will make the announcement once it’s launched. You can always reach us on [email protected] .

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How To Write A Business Plan In Nigeria (Free Samples And Templates)

This post concludes is the last of the series on “How to write a business plan” . The major challenge when it comes to writing a business plan is knowing where to start from. This most business owners and entrepreneurs don’t always get right. Looking through existing business plan templates gives a clear picture of what your business plan should look like.

This post contains a long list of free sample business plan templates that will give you the easy start you really need to write your own business plan.

1. Catering Business Plan

If you love to cook and are thinking about starting a business, combine the two and start a small catering business. But how do you start a small catering business? It’s by having a great business plan detailing every aspect of the business before you get started.

2. Event Planning Business Plan

Starting a catering business in Nigeria is a lucrative business with very good returns, with thousands of events and parties happening every weekend across the country. Event planning business requires a combination of education if necessary, an experience and excellent networking.

Also Read: How to Write a Business Proposal for Clients in Nigeria.

3. Hair & Beauty Salon Business Plan

Salon Business is one of the best and lucrative business in Nigeria right now because it does not cost much and requires little capital to start. Either a barbing salon or beauty salon for women pay a lot because it requires no college degree to start one but skill.

4. Day Care & Child Care Business Plan

Many Nigerian mothers are working at paid jobs or running their own small businesses which consume most of their time. As a result of this trend, there is a growing opportunity for convenience services like child and day care center businesses.

5. Driving School Business Plan

Are you an expert driver? Can you successfully teach others how to drive? If yes, you may be qualified to start a car driving school. There is a great opportunity in this business because most Nigerian are looking forward to owning their own cars. School leavers are also eager to learn how to drive.

6. Agriculture Farm Business Plan

Nigeria is blessed with a favorable soil and climatic condition that can accommodate crops such as onion, carrot, cocoa yam, pear, potatoes, okra, vegetables, beans and so much more. Starting an agriculture farm business is a profitable business opportunity with so much market to serve.

7. Feed and Farm Supply Business Plan

The feed farm production industry has been largely promoted as one of the most profitable agribusinesses to venture into. Africa, especially Nigeria, has a major impact on the worldwide production and distribution of livestock feed.

Also Read: [PART 1] How to write a business plan – Tips when writing your business plan.

8. Fitness Gym Business Plan

Health they say is wealth; the need for health is the need of all both young and old, both for the rich and the poor alike. Would you like to invest in the fitness business, or are you thinking of a business to invest in? You should consider this business option.

9.Pharmacy Business Plan

Pharmacy or drug store business, whether we like or not, has become an integral part of the Nigerian economy today. In a nutshell, drugstores are described as retail establishments that market drugs, be it prescription-based, proprietary, or nonprescription medicine.

10. Fast Food Restaurant Business Plan

The fast-food business in Nigeria is a very profitable business. Food is something we cannot do without even if it’s once a day. The growing population of Nigeria with over 180 million people is also a high contributing factor to the profitability of fast food business in Nigeria. Amidst the current global crisis, one line of business in Nigeria that continues to promise greater returns on investment is the fast food business.

11. Bakery Business Plan

The consumption of bread and other bakery products such as biscuits, chin-chin, gala and meat pie among others, has created a huge market for the wheat flour industry. This sector has provided a lot of opportunities while more opportunities are still open for interested investors that are willing to invest some cash.

12. Internet Cafe Business Plan

The demand for internet cafe services in Nigeria is high especially in business enabled environments like tertiary institutions, offices and in different work areas. This business is one of the profitable medium scale businesses in Nigeria; the business can give a high-profit margin when managed properly.

13. Clothing Boutique Retail Business Plan

Starting your own clothing shop boutique is a good business idea in Nigeria because the fashion industry is one powerful sector that will always be vibrant in any economy because all over the world, people have a basic need for clothing. Beyond this need, fashion is also evolving on daily basis due to the huge and diverse interest in styles.

Also Read: [PART 2] How to write a business plan – Basic template contents & structure.

14. Automotive Car Repair Business Plan

Nigeria is and will always be a big market for cars, both used and new ones. Compared to other African countries, Nigeria alone spends up to $5 billion dollars every year importing vehicles (especially second-hand) from the USA, Canada, Europe, and Asia. Which makes the industry an area worthy of investing.

15. Car Wash Business Plan

The good aspect of this business is that it does not necessarily require a large amount of capital or funding especially when you intend to start. For those who have enough money to invest, this will be a good decision as with more money invested, the business can grow much better and faster leading to better and profitable returns.

Other business plan samples and templates include;

16. Used Cars Sales Business Plan.

17. Online Print Shop Business Plan .

18. E-commerce Retailer Business Plan .

19. Coffeehouse Business Plan.

20. Night Club Business Plan.

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Profitable Small Processing & Manufacturing Business Opportunities in Nigeria

Profitable small processing & manufacturing business opportunities in nigeria.

Table of Contents

Two important questions you may be asking are; what can I process or manufacture? Which manufacturing or processing business is most profitable? In fact, here are Top Profitable Small Processing & Manufacturing Business Opportunities in Nigeria listed and explained below. Top Profitable Small Processing & Manufacturing Business Opportunities in Nigeria will take you there.

As a matter of fact, some of the most lucrative products are those from paper, food processing, rubber, leather, furniture, household items, chemical, agrochemical and other factories and industries. If you read in-between the lines of this article, you will get over 3 00 business ideas . In fact, when you combine them you get more. Now, read on.

Business Ideas

Aluminium Fabrication: Door, Window & other accessories. With aluminium sheets you can fabricate anything. You can make doors and windows. In fact you can fabricate other home and building accessories from any location. This business has extended into home decoration fittings and many more. The diversified nature of this business has made it one of the most profitable small business manufacturing opportunities. In fact, you can start this business with small start-up capital. You can also make it big.

Aluminium Roofing Sheets – This is associated with aluminium fabrication discussed above. But considering the nature of business we’re considering you can’t run the two together. This one is a bit capital intensive. However, you may not need your own equipment. What you could do is to buy the materials and then patronise those who have the equipment for the formwork. In fact, there are some formations you can do with manual platform in front of your office.

For any of these aluminium-based processing business opportunities, there is a bankable business plan for it. So, if you are asking, how can I start my own manufacture or processing business, our business plan will do that for you.

In addition are;

Confectionery Business – This is a composite name for all fried and baked floor-related businesses. Therefore, you can start a bakery business for bread (assorted), cakes, chim chim, biscuit and many more.

Confectionary business is one of the most profitable food processing business opportunity you can start easily. Just take a niche out of the multiple sphere of confectionery business and build on it. As it is, selecting the right product and proper marketing strategy would be a major deciding factor in getting success in the business. We have a ready-made business plan for this. Click here to read the online version.

Furthermore,

Banana/Plantain Wafer Making – Banana or plantain wafers are made from under-ripped bananas or plantain that are cut into slice dipped in syrup solution. Then, dried under the sun or in the oven. Thereafter, fried and eaten as snack food or dessert. You sell this both in the local and export markets. So, you can initiate this business on a small-scale basis.

Blouse Hook Making – Blouse hook is an essential item for garment industry. It’s used generally in women’s wear. Every such cloth as blouses, churidars, tops, frocks, and etc. must have it. Therefore, any individual with low start-up capital investment can start. This venture will earn you handsome money. In fact, you will need to service both wholesaler and retailers, garment manufacturing companies, tailor, fashion designers and all others. From all of these, how now, do you see the market?

Candle Making: Just get the moulds ready with some quantities of wax and you are done. As a matter of fact, candle making business can be initiated on a small-scale and on part-time basis. People use candle for both religious and domestic purpose. In fact, it’s being used as a decor item. That is why, aside from the traditional long white candle, the demand for scented and decorative candles are also growing.

Carton-Crates Manufacturing – Actually, cartons are widely used for bulk packaging. Crates re specialty packaging boxes generally used in custom and export-oriented markets. In B2B, this is considered as one of the most profitable small business manufacturing ideas. So, if you are in any of our factory and manufacturing cities, this is a good business idea for you.

Cashew Processing – This process involves cell cooking, cutting, kernel drying, peeling, grading and packing. On the other hand, you can start cashew nut processing as a small export-oriented plan. We have a well-structured business plan for this. Click here to get the online version yet.

Chalk Making – Chalk is still used for writing on blackboards in schools. Apart from schools, educations, and training institutions, chalks are used by tailors, furniture makers, and construction workers and by many industries.

One good thing about chalk production is that the raw materials are 100% locally generated. You can start this at your home with any other of our business ideas in this article. Our Complete Entrepreneurship Empowerment Centre ( CEEC ) offers training packages for would-be and existing entrepreneurs to empower them do their businesses better. Admission is FREE.

Cheesecake Making – This is associated with the confectionery business discussed above. The ingredients required for cheesecakes production re cheese, sugar, strawberries, wheat flour, egg, maize, vegetable oil, starch, salt, preservative, colour, and essence. Cheesecake is an additive for other products. In fact, it works well with a wide variety of flavours ranging from lemon and chocolate to pumpkin. Cheesecake making business can be started on a small-scale basis.

In addition;

Chocolate Making: This is also another associate of confectionery business. I have tried to separate them for reason of emphasis. As matter of fact, the production process of chocolate may vary according to the different quality of chocolate. Based on the availability of raw material you can decide the taste and ingredients for chocolate production. In fact, chocolate making is a profitable food processing business. You can create a chocolate brand with repute within your operational area. That’s a good business. Isn’t it?

Coconut Milk Powder Production – Coconut milk powder has a good market potential in various countries. Furthermore, coconut milk powder has several advantages. Advantages include long shelf life, fewer storage space requirement and lower cost of packing. Coconut milk powder is a trending small business manufacturing idea we recommend for new entrepreneurs.

And more are;

Coconut Oil Manufacturing – Coconut oil is an important cooking ingredient. In addition, coconut oil has various industrial applications. It’s used for production of toilet soaps and laundry soaps. It serves as surface active agent and detergent, hair tonics, hair oils, cosmetics and etc.

However, one important feature in this business is that localization matters. Industry must be located near raw material. Note that the two cocoa nut associated products can serve as bi-product of the other.

Concrete Block Manufacturing – Processing cement, sand and water together gives you the quality of cement block you need. As a matter of fact, concrete blocks and tiles are precast solid cement concrete products. These re commonly used for flooring, pavements, wall, garden path, etc. Once you can procure a simple machinery, with locally available raw materials, you can start this manufacturing business.

Condensed Milk Production – This is a Sweetened condensed milk. It has both domestic and export sector market opportunities. In fact, the only main raw material you need is good quality milk. As at now, condensed milk production is one of the most profitable food processing business any individual can initiate.

Top Profitable Small Processing & Manufacturing Business Opportunities in Nigeria

Cotton Buds Making: If you are looking for a small processing business to do, this is ok. In fact, cotton buds or cotton swabs making business can be initiated on a small scale basis. This is a short spindle with one or both ends coated with an absorbent cotton padding. If you must know, these buds have long been used for various cosmetic and personal hygiene tasks. It’s particularly good for cleaning the ear. Cotton buds design has advanced significantly.

Custard Powder Production: Where there are raw materials and medium size tools, you can start. For this, you require raw materials such as corn-flour, arrowroot starch, food colours, and essence. As you can see, these raw material are easily available. In fact, that’s what makes this business lucrative and profitable. Again, a small scale unit can also be established with some simple machinery.

Designer Lace Making: This can be home-based business. In fact, it’s one of comparatively low start-up capital business you can venture into easily. As a matter of fact, Lace is a craft material used in garment designing. With modern lace machines you can produce this and in large quantities. In fact, several machines are available to make lace through machines. In addition, the increasing demand for fashion garment has increased the demand for designer lace.

Detergent Powder, Liquide & Solid Soap Manufacturing – The manufacturing process of detergent powder or liquid is simple. In fact, it only involves the mixing process with the right formula. Body cream, liquid soap, Izal, Dettol and other disinfectants production business can apply.

On the other hand, Soap Manufacturing is related to this. As a matter of fact, there re varieties of soap used widely by rural and urban people. Consequently, in many cities in Nigeria, commercial soap making is one of the most profitable small business manufacturing ideas.

As a matter of fact, the good thing is that you can start the manufacturing unit on a small scale with small capital investment.

Drinking Straw Making: People drink a lot, especially in the public places. This is where this comes in. As a matter of fact, drinking straw making business is considered a micro-manufacturing opportunity. So, with small capital, the manufacturing unit can be established.

Energy Drink Production – Energy drink is a very popular option for stress relief nowadays. Moreover, energy drink production is one profitable and trending small business manufacturing ideas in the current world. However, initiating an energy drink manufacturing business is cost intensive. It will also requires a strong product promotion strategy. Production licence will also be required.

Get more here too;

Envelope Making – This is a common one these days. In fact, because paper envelopes are daily necessity items for the household, educational organizations, and offices, loads of people got into it recently. You can join them. The market is still large to accommodate new comers as the demand is found to be huge and it’s ever increasing. You can do this through establishing either a manual or automatic machine. So, you can initiate this business as small-scale one.

Business Combinations: Whether in drink or other processing outfits, you may need to combine two or more products. You may also wish to have by-products of the major item. To get you on you need a business plan to structure this business in a functional state. Email us at [email protected] for further details.

And more here, too;

Eraser Making: Where there are papers, pencils and other related writing materials, paper rubber eraser become necessary. Rubber eraser is generally made from natural rubber. In fact, a large section of people use this. These include students, artists, bookkeepers, typist, and others to correct mistakes. Eraser making project is profitable. Again, there is demand for it in both the domestic and export market.

Exercise Book Manufacturing – This process is simple. In fact, so simple that any individual can initiate this business with comparatively low start-up capital. You can do this from your home if you wish. As an office stationery and schooling item, the demand is ever soaring. And, in accordance to the demand, several different types of machinery are also available.

File Manufacturing – This is also related to the exercise book and eraser business hinted about above. Files by their nature, are essential educational and office stationery item. The paper type are in models. So, you can make it a flat file with no strap or cover file with strap. Both the paper flat and polymer models are in vogue currently. In fact, with simple machinery, you can initiate file manufacturing business in small-scale.

Staple Pin Making: Staple pin making process is simple. Furthermore, you can start the business as home-based small-scale basis. Staple pin is produced from the white galvanized iron wire. Using good quality iron wire will assure the production of good quality and long lasting staple pins. However, it’s a business you can start with a small budget and low infrastructure.

Gem Clip Making – Is associated with all the stationeries discussed above. Gem clip or paper clip is an essential education and office stationery item. The process of producing this is simple. Again, this business can be operated as a part-time or full-time basis.

More as follows;

Handmade Paper Making – Handmade papermaking is a craft idea. Its manufacturing process is also simple. In fact, students can use this handmade paper for project work for the school and for different craft making. With it, you can produce certain specialized varieties of paper, for example, watermark, filter paper, and drawing sheets, etc.

Flour Production : This processing business can be small or large. In fact, there are export need of milled cereals all over the world. Flour is simply produced by milling food grains. In addition, there are varieties. Different varieties or types of flour are used to prepare different foods. You can choose from Wheat flour, brown flour, whole wheat flour, wholemeal flour, etc. The milling process is simple. So you can initiate this on a small-scale basis with simple machinery. Everything milling require a milling business plan. Get one from us today.

Garment Manufacturing – This is a business that require some basic experience in garment related activity. If you have this, starting a garment manufacturing business is a profitable business. Just look for small machines to start on a small scale. However, because it fall into fashion business the market is competitive. As such, selecting the right product segment is critical in making a successful garment manufacturing business. Making Ankara accessories, beads and wireworks are associated with this.

As a matter of fact, the business plan we do for you will set you on a good footing. Click here for contact.

Fruit Bar – There’re assorted fruit in the tropical countries. Nigeria in particular has a lot of them. So, why not start Mango, pineapple fruit bars. The making process is simple. If you can install a simple machinery, a small-scale unit can be initiated even from home also.

Fruit Juice Production – In fact, this is a sub-set of the fruit bar discussed above. Fruit juice is a ready to serve item. Another popular product is squash. As you know, these re very popular throughout the year, especially in summer. You can initiate one on a small-scale basis. Then, you have to choose your product according to the availability of raw materials in your locality. This business is good for full-time house wives.

Grape Wine Making – Is another fruit related product you can get into. Grape wine making involves fermenting the grape juice. The major raw material required in this process is grapes. However, Grape wine-making is capital intensive and requires proper operational and marketing strategy.

Ginger Garlic Paste Processing: It’s important to note that instant mixes and spices are becoming more popular. That’s why the demand for ginger garlic paste is also increasing. In fact, Ginger and Garlic Paste is mainly used as condiment in various food preparation. It also serves as a carminative and gastric stimulant in many medicinal preparations. So, you are in a good business if you start now. In fact, the product has an immense export market opportunity.

Furthrmore,

Export Businesses: If you have followed us duly in this article, you would have noticed the export business tendencies of many of the products as business ideas. If this is your own idea, we will help you with a winning bankable business plan . We will also incorporate your business at CAC and get you an export licence . Again, we will help you with foreign buyers.

Ginger Oil Production – This product is applied in the confectionery, beverages and baked products. So, Ginger oil production is a profitable small business manufacturing idea. Furthermore, this business can be started as small or medium scale.

Yet more are;

Groundnut Oil Processing – In Nigeria, this is common in the Northern part. But it’s produced here manually. In fact, Groundnut oil production in Nigeria is financially a profitable venture with huge export potential. However, initiating a groundnut oil production business requires a business plan and feasibility study preparation which we can do for you. Just call +234 8034347851. The business plan will highlight all production value chain and marketing requirements.

Hair Band Making – Hair bands re popular hair accessories for girls and boys. So, hairband making is one of the lucrative small business manufacturing ideas. In fact, you can start this business on a small scale basis. Currently, the trend in fashion upgrade and changes, call for different types of fashionable colourful hair band that are now becoming very popular.

Yet are more, like;

Honey Processing – To process honey, you have to remove the wax and other foreign unwanted particles from the natural honey. The two systems to be used include the manual or electric driven system. So, the production process is simple. You can start on a small scale.

Hospital Rubber Goods Consumable – Hospital or diagnostic rubber consumable item manufacturing business is a profitable business idea. However, it’s important to select the right product. In fact, several different types of pipes, bags, gloves and many other rubber products make up the consumables hugely used in the hospital industry. Open your eyes here to see so much opportunities that slip away from you, even now.

Get more here;

Ice Block Manufacturing – Ice block is of multiple purposes. In fact, they’re essential for transportation and preservation of frozen food. Frozen drinks and water are all by ice block especially during the heat time. This is why your ice block unit must be suitable to local demands.

Iron Fabrication: May be you thing, this is not a manufacturing business. Just visit any of the iron welders around you. As a matter of fact, the ice block manufacturing business narrated above uses fabricated ice block making machines produced by this unit. I tell you, there are other fabricatable production units you can produce as a welder.

Ice Cream Cone Making – This is an accessory in ice cream business. Ice cream cones come in different shapes for many varieties of flavours and forms. Of course, there is a demand for this product throughout the year. In fact, its demand increases year after year. So, with continuous increase in sale of ice-creams, demand for the cones will continue increasing.

Ice Cream Making – As you can see from above, the manufacture of ice cream could be different from those of the ice cream cone. In fact, the production of the cones can be outsourced. In the main, ice cream making is a profitable small business idea. This is a frozen blend of a sweetened cream mixture and air, with added flavourings. A wide variety of ingredients are applied to produce ice cream.

Invitation Card Making – This could be artistic. So, you can initiate an invitation card making business with some simple machinery. The process is very simple. It does not require so much personnel to be paid for. That qualifies it as a profitable business idea. Currently, invitation card industry is booming. In fact, the demand is increasing day-by-day.

Iodized Salt Production – The consumption of sufficient amount of iodine fortified salt helps avoid iodine deficiency in human beings. Because Iodized Salt consumption is directly related to population growth its demand growth is steady. Therefore, any production process will certainly be a profitable one.

Jam Jelly Making – In fact, Jam jelly-making business is lucrative. Furthermore, you can start the business on a small scale with low capital. With proper planning and strategy, which we can provide for you, you can even start from your home. Just think of any petroleum jelly product to design.

Hamper Bag Making: This is a natural product. The main raw material is available in certain locations of the country. Because it can be made with different fibres, it’s important you carefully choose your type, demand and location.

Lathe Machine Unit – Lathe is defines as a machine for shaping wood, metal, or other material by means of a rotating drive which turns the piece being worked on against changeable cutting tools. By its nature, therefore, the lathe is one of the most important tools for various several machines. The aluminium roofing sheet producers use one for of manual lathe or the other. Those who fabricate this lathe, iron welders/fabricators are in big business already.

Leather Bag Making – There are different types of leather bags. It’s another designer’s web. They are very popular among people. So, you can make, Laptop bag, handbag, wallet, ladies purse, folders etc. The leather bag making process is simple with little sewing knowledge. The main raw material is finished leather.

Livestock Feed Production – In the livestock business there are several livestock feed items. In fact, their demand continues to increase day by day. As a matter of fact, you can produce cattle feed, fish feed, and poultry feed. You can do one or a combination of them. In fact, this is one of the profitable small business manufacturing ideas you can start with moderate capital investment.

Meat Processing: Meat processing uses one form of technology or the other. These are the steps and procedures in the manufacture of processed meat products. Processed meat products undergo one form of physical and/or chemical treatment. On the other hand, you must have the proper distribution and marketing strategy to make this business successful. We can start you off with a winning business plan.

Milling Business – Generally, milling business opportunities in Nigeria involve wide manufacturing operations. Considering the raw material you want to mill, you can initiate different types of mill business as small or medium scale industry.

Mini Paper Mill – This is an excellent business idea. In fact, it’s one of the most profitable paper business ideas one can initiate with substantial capital investment. However, one need to be careful in selecting the location. Such factories are usually located near source of raw material.

Noodles Making: This enjoys a boom in the food service sector. Majorly this involves fast food. In fact, the fast food chain has widened the demand potential for Noodles. The two popular types of noodles are the normal and the instant types. The process is quite simple and doesn’t require much-skilled labour.

Nut Bolt Making: This business comes under the light engineering product manufacturing. In fact, nuts and bolts re a type of industrial fasteners. They are used in various products, machines, structures, etc. as fasteners. Therefore, nuts and bolts consist of a major link in the family of industrial fasteners.

Sachet Drinking Water Production: There has been increased awareness of good health generally in the country. This is in connection with the scarcity of getting pure drinking water nowadays. So, these have created immense market demand for packaged/sachet drinking water. The need for this is for both domestic and officially. In initiating packaged drinking water business, it is important to register and undergo NAFDAC inspection in Nigeria. Our business plan will help you here.

Still get more here;

Packaging Box Production: This is an essential item in the packaging system. If you understand that every product requires packaging to go to the market, you then understand what business you are into. So, the demand is huge and steadily increasing. In fact, the manufacturing process is simple. However, certain manually operated machines are required for a small capital investment.

Palm Oil Processing: There are both traditional and mechanised processing. The mechanised processing requires a milling plant. The main raw input is palm fruits. Palm oil is both locally and internationally an important edible oil. This is in addition to its industrial uses. Palm oil processing is profitable and capital intensive. Types of palm oil processing units differ in the level of mechanization of each unit operation and the interconnecting materials transfer mechanisms. Our Palm oil processing business plan will direct your more on what to do.

Paint Manufacture: In pain manufacture, you have to understand the application of the four main components in the production. These are the pigment, binder, liquid, and additives. The pigment provides the texture, colour and the hiding properties of the paint. In this production, you have also to consider the application methods. Your product must be able to be adaptable to applications such as for spray application, brush methods, and electrostatic spraying.

There are a lot of people in this business already. A winning business plan from us will make you stand out differently.

Paper Bag Making – This goes for celebration occasions, shopping and many others. Therefore, paper bag making is one of the most profitable paper business ideas currently. In the countries where plastic carrying bags are no longer welcomed, this business becomes a huge opportunity for investors. In fact, there is a huge market for all types of paper bags, shopping bags and paper gift bags. Others include brown craft paper, and customized gift bags to shopping malls, franchises of companies, and personal showrooms among others.

Additionally are;

Paper Cup Making: This is associated with the paper bag discussed above. In fact, the businesses can be combed as complementary products. Circumstances make paper cup making business one of the most lucrative small business manufacturing ideas in Nigeria. The fact that paper cup is a disposable item makes it profitable.

Plastic Product Manufacturing – Small plastic products re essential household items. The popular ones include plastic balls, mug, bulti, small container, drum, toys, etc. With a simple plastic dye machine, you can start the business.

Potato Chips Making – These are sliced, thin and fried potato chips. They are very popular ready-to-eat snack items. Potato is also cheaply available. Furthermore, the chips making process is also simple.

Get these more;

Potato Powder Making – This is another potato product. Potato powder is in fact an important ingredient for a variety of food preparations. It may be involved in the preparation of snack foods, soups, curries, and other dishes as a thickening agent. However, potato powder manufacturing may require mechanised system which makes it a capital-intensive business project.

Rice Mill : This business has a lot of other business opportunities attached to it. In a processing system like this, you can process paddy to produce edible rice. You can also produce rice bran oil. In fact, the by-products here can launch you into animal feed production. Just define your niche. The mini rice mill which you require consists of a paddy cleaner, sheller, separator and a polisher. You will find out that rice mill of any size is a profitable food processing business. There is a business plan for this. Contact us today. But click here to get the online version.

Rubber Band Manufacturing: Rubber band of any size is sellable. As a matter of fact, the rubber band is a retail and household consumable item. The newspaper industry also uses massive quantities of rubber bands. These they use to keep the individual newspapers rolled or folded together before home delivery. Since the rubber band manufacturing process is very simple, any individual can initiate it with small start-up capital.

Rubber Floor/Foot Mat Making – This is a lucrative business, even at a small scale. The manufacturing process is simple. Rubber floor mats include industrial rubber mat, anti-static mat and anti-vibration mat. Others are; anti-fatigue mat, high school wrestling mats, rubber mats for use at home, house entrance mats, interior mats and so on.

Rubber Gaskets Making – Furthermore, this is another profitable rubber business idea. Several different types of rubber gaskets are generally used by the automobile industry. In fact, other large factories use this too. An individual can initiate this business by establishing a small scale manufacturing unit.

Rubber Stamp Making – I see a lot of people doing this. In fact, this is a small scale business you can manage. Indeed, you can start rubber stamp making business as a home-based one. Polymer rubber stamp is now very popular for official use. As it’s now, you can start this business with very small start-up capital. You can also add pre-inked rubber stamp to this normal rubber stamp. All of which have very good market demand. In fact, you can structure this business outfit to produce up-to 10 industrial and domestic items in your mini factory. If you are finding this difficult, contact us; we will help you define your production concept, scope and value chain and what to do with them.

Again, are;

Toys Making – With simple machinery you can initiate toys making project. In fact both the machinery and raw materials are easily available. The production process too isn’t complex. Again, the product has very good demand.

Slipper Manufacturing – These’re rubber footwear made from different colourful rubber sheet. It’s also a small scale profitable business. Some of these you can start and do from home. Of course, the slipper is a household consumable item. In fact, almost every individual uses this as casual wear. With the size of our country population, the demand for the rubber foot ware increases day-by-day.

Soya chunks processing: This soya chunks production process involves milling, mixing, extruding and cutting. The major raw materials re soybean meal and peanut meal. In fact, in certain parts of Nigeria, this is one of the most profitable food processing business one can start with moderate capital investment.

More of these are;

Soy Sauce Production – This is another product from soybeans. In fact, the major raw materials for soy sauce production are soybeans, wheat, and salt. In deed different manufacturing technology models are available to produce different types of soy sauce.

Sugar Candy Manufacturing : This is a sugar confectionery. In fact, sugar candy is a hard-boiled sugar confectionery. The popular flavours you can manufacture include those for orange, pineapple, mango, mint, strawberry etc. Recently, Sugar candy manufacturing has become one of the most popular food processing business ideas.

Sunflower Oil Processing – You need sunflower seed to produce this oil. However, you must be ready to undergo the long way of purifications in oil processing. These stages are mechanical cleaning, hydration, neutralization, bleaching, freezing, deodorization, and nitriding.

Follow us still for more;

Tissue Paper Making: Currently, due to increase in population and urbanization, the demand for household paper products is increasingly high. There are varieties here. So, you can produce assorted items like tissue paper, facial tissues, and paper towels with simple machinery. Because these are consumable item, you can initiate the project by concentrating on one or two peculiar products. That will give you room for future expansion. Household/tissue paper product making is one of the most profitable and trending paper business ideas nowadays. This business may require a business plan which we can do for you.

Tomato Processing: This is another food processing business. In fact, assorted types of processed tomato products are very popular now. The only raw material required is fresh tomatoes which is considerately available throughout the year. Popular among the products are tomato sauce, puree, juice, ketchup etc. In fact, this same processing can also produce tomato pulp for other small-scale industries if you so plan it. After all, the production process is not complex. However, this business requires simple machinery and equipment. A good business plan will help you here.

Woodworking: Woodworking business is a very good and profitable opportunity. It’s good for those individuals who are really looking for a home based manufacturing idea with small start-up capital. You will need some technically upgraded machinery for woodworking. Then, select the right product according to your environment/ local market demand. In any case, you must focus on the right niche to get success in this business.

CONSLUSION:

Business start-ups:.

Here are several manufacturing/processing business ideas you can embark on for life. In fact, many of them you can do on part time basis. They are good for sole proprietorship and for partnership businesses. In fact, many of them you can start on a small scale or large scale as a limited liability company. Again, if you are having problem in combining them, we can come to your aid if you wish.

Furthermore, our business development service experts will help you with suitable business plans, export, mining and other licences like NAFDAC licence to start off your business. As a matter of fact, we will help register a business name or company for you at Corporate Affairs Commission (CAC) here in Nigeria.

Existing Businesses:

For ongoing businesses, you will require us to structure your internal control system. Review your business plan, process your tax clearance, PENCOM, ITF and NSITF compliance certificates to qualify you do some business with the federal government of Nigeria. Contact on +234 8034347851 or [email protected]

Government Empowerment Programme:

This website – https://compltefmc.com – provides you with enough business ideas for any government youth or special class of individuals empowerment programme. Think of Presidential Youth Empowerment Scheme (P-Yes), the CBN Small and Medium Enterprises Credit Guarantee Scheme (SMECGS) – for promoting access to credit by SMEs in Nigeria, SMEDEN & BOI credit schemes, etc. All of these require a business plan to get.

Mentorship:

Complete Full Marks Consultants Limited, floats an entrepreneurship empowerment centre. The Complete Entrepreneurship Empowerment Centre (CEEC) offers training packages for would-be and existing entrepreneurs to empower them do their businesses better. Admission is FREE. Click here for further information.

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Founder/Managing Partner of Complete Full Marks Consultants Ltd. An Economist turned Chattered Accountant and Tax Practitioner with over 37 years of industrial experience.

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FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA

FABRICATED METAL PRODUCT

Fabricated Metal Product Manufacturing Business Plan In Nigeria

This sample fabricated metal product manufacturing business plan in Nigeria can be used for government and non – government business grant applications, for bank loan applications, for writing business proposals, to write business concept notes, for business grant competitions, start – up competitions, other competitions, and so on. The fabricated metal product manufacturing business plan in Nigeria is a very viable business idea in Nigeria that will need a lot of strategic planning to start. You will need the help and skills of a professional business consultant in Nigeria like Dayo Adetiloye to help you implement the business plan.

BUSINESS DESCRIPTION OF THE FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA Business: FABRICATED METAL PRODUCT MANUFACTURING Industry: MANUFACTURING PATILAD Welders is an established fabricated metal products company that is engaged in the production of aluminum boat docks that will suit and satisfy the diverse designs and concepts of the customer. We at PATILAD Welders are very much dedicated to providing the highest quality workmanship, reaching the agreed delivery dates, and actualizing the custom works exactly in accordance with the customer’s concept and astonishing designs. Our focus at PATILAD Welders is to find out who our target customers are and understand our marketing strategy, and to expand our operations and marketing so it can substantially increase profitability while also serving the country. PATILAD Welders will be established in Ipaja, Lagos State. We are in this business to make profits, and we will do all that is allowed in the law of Nigeria to pursue our company’s goals and objectives.

The Benefits of our Products and Services are; – production and welding of high quality fabricated metals – all year – round availability in high commercial volumes – capacity to deliver across the nation – excellent customer care services – employment opportunities for so many people

PRODUCTS AND SERVICES FOR FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA We are PATILAD Welders Inc., primarily wield, fabricate and sell aluminum boat docks. We also plan to fabricate and repair truck bodies, and perform aluminum repair jobs. All unused scrap metals will also be recycled by PATILAD Welders Inc.

KEYS TO SUCCESS FOR FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA The keys to the success of the fabricated metal product manufacturing business plan in Nigeria; – Low operating costs and efficient manufacturing techniques – Ensuring an efficient and highly motivated team – Maintenance of hygienic, safe and human friendly factory. – Acquire the necessary Regulatory licensing for our firm – Establish a strong and relevant online presence

OBJECTIVES OF THE FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA The objectives of the fabricated metal product manufacturing business plan in Nigeria are as follows: – To have our products in major manufacturing firms around the country – To maintain profit margins of 24-30%, through close attention to expenses and cost of production – To achieve net profit in year one, increasing in year two, by containing costs and meeting sales targets – To achieve a net profit of $1,500,000 in the fourth year of operations

GOALS OF THE FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA The goals of the fabricated metal product manufacturing business plan in Nigeria are; – To set the pace for fabricated metal product .manufacturing in the country. – To partner profitably with other relevant manufacturing firms – To be among the first three fabricated metal product manufacturing companies in Africa.

VISION FOR THE FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA Our vision for the fabricated metal product manufacturing business plan in Nigeria is ;

To become the recognized leader in our targeted market for all welding and fabrication activities.

MISSION FOR THE FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA Our mission at PATILAD Welders Inc., is to build the best quality product, supply over the top service at installation, and provide exceptional customer service after the sale of the product

MANAGEMENT TEAM OF THE FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA The management team of the fabricated metal product manufacturing business plan in Nigeria is made up of the group of the following people; Eric Justin – He is the founder and owner of PATILAD Welders Inc., and has over thirty years’ experience in the fabricated metal product manufacturing sector of industry. Justin has worked in a leading fabricated metal manufacturing firm in Nigeria and has extensive knowledge of the intricacies of the business Dayo Adetiloye – (B.Agric., MBA, and PMP). He has over fifteen years’ experience in business management, business start – up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC), of the Lagos Business School( LBS), Pan African University (PAU). He is our business development strategist and a strategic partner of the company.

We brought to this business; – Educational skill and practical experience in the fabricated metal product sector of industry – Capacity to consistently delivers outstanding service – Quality processed products and a good understanding of the market trend – Our staff brings promotional, operational and marketing skills to the business

MANAGEMENT EXPERIENCE GAINED FOR THE FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA With over thirty years’ experience in the fabricated metal product manufacturing sector of industry and through numerous exposure to both the scientific and practical aspects of service. I’ve been able to master the technical requirements, financial management, staff recruitments and organizational skills, among other things which are necessary to receive a good commendation from our clients. My managerial skill has also helped me in putting together a workforce for over two years and also in coordinating the teamwork in most aspects of the company. I am the CEO of the company, and I will be overseeing the day to day activities of the company.

MATERIALS AND EQUIPMENT REQUIRED FOR THE FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA The following materials are required for the fabricated metal product business plan in Nigeria: Warehouse, Factory, office space, fabrication machinery,welding device, and so on

COMPETITOR ANALYSIS FOR THE FABRICATED METAL PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA A lot of people patronize our products and services for the following reasons; – Availability of high quality fabricated metal products – Modern solution and technology – Exceptional customer care services – Quality assured standards – Fair and best possible prices.

Our three main competitive advantages are; 1. Quality assured standards 2. Exceptional customer care services 3. Fair and best possible prices

For the remaining part of this fabricated metal product business plan in Nigeria, including the detailed and accurate financial analysis, contact any of our business consultant on 08105636015, or on 08076359735, or send us an email at [email protected] We help individuals, business organizations, and institutions to write business plans and business concept notes, and we’re also involved in conducting training and seminars on business plan writing. We can help you write a detailed, strong and winning business plan for any purpose at all. Just contact any of our business consultant on: 08105636015, and 08076359735, or send an email to us at [email protected]

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Business Plan

Electric Concrete Pole Manufacturing Business Plan in Nigeria

Electric Concrete Pole Manufacturing Business and Financial Plan

Our Electric Concrete Pole Manufacturing Business Plan in Nigeria is well documented and can also be used for, but not limited to:

Grant Applications,
Bank Loans,
Proposal writing,
Business Concept Note,
Competitions e.t.c

Purpose of the Electric Concrete Pole Manufacturing Business Plan in Nigeria

The Electric Concrete Pole Manufacturing Business Plan in Nigeria will be of great use:

To formulate a strategy for starting and growing the business or existing business by identifying where the business is going and how to get there.
To test the viability of the business idea and maximize its opportunities.
To Obtain funding and achieve business goals and success. e.t.c

Benefits of the Electric Concrete Pole Manufacturing Business Plan in Nigeria

The Electric Concrete Pole Manufacturing Business Plan in Nigeria in beneficial because

It helps in outlining the steps needed to achieve the business goals and ideas.
It helps to articulate strategy to stakeholders who support the business.

Importance of the Electric Concrete Pole Manufacturing Business Plan in Nigeria

The Electric Concrete Pole Manufacturing Business Plan in Nigeria is important because

It will assist you in making sound decision in the administration of the commercial enterprise which will make a contribution to the success of the business.
It will additionally gives distinctive statistics on all components of the business, outlining the business desires and the steps required to achieve them.

Content of the Electric Concrete Pole Manufacturing Business Plan in Nigeria

Executive Summary
Introduction
Business Description
Keys to Success
Products and Services
Market Analysis
Our Target Market
Pricing Strategy
Competitor Analysis
Sales and Marketing Plan
SWOT Analysis
PEST Analysis
Operational Plan
Management plan
Financial Plan and Projections
Financial Diagnostics

How to Get The Complete Electric Concrete Pole Manufacturing Business Plan in Nigeria

List of Business Plans in Nigeria (Samphina Academy)

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Blocks and bricks manufacturing business plan in africa.

BLOCKS ALSO BRICKS MANUFACTURING BUSINESS PLAN IN NIGERIA

Blocks and Bricks Manufacturing Business Plan includes Nigeria

This sample Blocks and Bricks Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal letter, Business Concept Note, Competitions else. Blocks and Block Manufacturing Business Plan is a lucrative business that needs a lot of strategic Planning on start and a general car like Dayo Adetiloye to assistance you start the Implementation. BLOCKS AND BRICKS MANUFACTURING BUSINESS PLAN BY NIGERIA

Commercial Description from Blocks and Bricks Manufacturers Business Plan in Nigeria

Business: BLOCKADE AND BRICKS MANUFACTURING

Industry: BUILDING (Blocks and Bricks Manufacturing Business plan in Nigeria)

PATILAD BLOCKS AND BITTERSWEETS specializes in which manufacturing of building concrete, bricks and blocks for klinker, builders association, enclosures consultant, development agencies, construction workers, etc. our office is local at Offa, Kwara Choose. Were build block of uniform quality and divest them at adenine price high enough to cover total and make a logical profit. Teaching all about concrete block business plan by following our economic planning example. Our business plan template is simple to use.

BLOCKS AND BRICKS MANUFACTURING BUSINESS PLAN IN NIGERIA

Mortar concrete blocks were modern fabrication supported and for such are use in all the construction viz: residential, commercial, and industrially building building, this suffices to mean so the Block product businesses is one thriving one-time. We will provide reliable real durable equipment fork the successful operation of which business. Patilad Blocks have additionally recruited skilled and professional hands that will ensure we produce concrete blocks including highest rating that perishes speed for advertisement production.

Aforementioned increasing needed to build new residential housings, works or offices on accommodate Nigeria’s large population has fabricated cement block production a very lucrative store in the country. Over the last 10 years, building and constructive sector has undergone strong growth rates stylish which range of 8-10% in Nigeria (Source: Federal Secretary von Statistics, 2013). Housing and construction is single about the major drivers to growth in more than 40 allied industries, the cement block industry included. Demand with cement blocks possess also risen incredible as a result of the demand for it in the housing and constructive industry. In addition into this, there is including increasing demand of cement blocks from government and multi-national construction for building goals. FILE

The benefits of our products and services are

The provision of premium furthermore durable Blocks and Built for make.
Into provide comfort and economics asset to our customers press partners.
In ensure timely product and logistical solving with the hiest level of excellence.
Customer satisfaction.
Show and lowest possible prices.

Objective for Blocks and Bricks Manufacturing Business Create in Nigeria

Constant business to sales is 12 period.
To provide quality product at reasonable prices with exemplary services.
Till generate buyer delight so that along lowest 60% about our customer base is repeat business.

Gear for the Blocks and Bricks Manufacturing General Plan in Nigeria

To be a one stop-shop for building choose in Nigeria and to run a profitable business.

View in that STOPS AND BUILD MANUFACTURING Business Plan in Nigeria

To be among and top 3 Barrier Making company in Nigeria by 2025.

Mission for the BLOCKS AND ROCKS MANUFACTURING Corporate Plan in Nigeria

PATILADWONDER’s mission is up exceed the customers’ expectations in every sense over providing quality products in a sustainable way.

BLOCKING ALSO BRICKS MANUFACTURER BUSINESS PLAN IN NIGERIA

BLOCKS AND FIRE MANUFACTURING BUSINESS MAP WITHIN NIGERIA

Management Team of the Blocks also Bricks Manufacturing Business Plan in Nigeria

AKINYEMI FEMI Felix – He possessed over 10 years’ endure in of industry. He has master of business administration with specialization at soil physics. He has a master’s degree in business government and he is a project management professional. He is our business development strategist and a diplomatic our.

Messrs Dayo Adetiloye – (B. Agric., MBA, press PMP): He must about 15 years’ know in business management, company start-up dynamics, financial management of business and overall business growth furthermore development. He your an alumnus away Enterprise Development Media (EDC) of this Lagos Enterprise School (LBS), Pan Negro University (PAU). Him is our business development strategist and a strategic partner. Business Plan | PDF | Retail | Marketing

We brought to the business:

Educational skill and practical experience in Blocks and Bricks business.
Output to consistently give excellent Blocks and Bridge.
Quality processed product and fine understanding of the market trend.
Our staff take operational, marketing real promotional skills to the business.

Management experience got forward an Blocks and Bricks Manufacturing Shop Plan inside Nigeria

With over 7 years’ experience in Blocks and Bricks Manufacturing commercial and numerous exposure to both the scientific and practical aspect of Blocks and Tiles business, I’ve being able to master the technical requirements, financial management, staff recruitment and organization skills among other thingies necessary to give the industry good commendation from our clientele.

I managerial skill has also helped in putting collaborate a workforce on over 5 years, which will also help me to coordinate the team how in most angle of the company. SOFTWARE BLOCKS AND BUILDER MANUFACTURING BUSINESS PLAN SAMPLE - Liveandwingit

I am the CEO out an company overseeing one day to day activities of the business.

Materials and Machine available Blockages and Clay Factory Business Plan in Nigeria

Land, water, wooden pallets, security chain, cement, blockage machining machine, sound leister generator, truck, etc.

Competitor Analysis for Locked and Built Manufacturing Business Plan in Nigeria

People buy from us because of the following reasons:

Availability of high quality and durable concrete blocks.
All year complete available of our customers’ choicest Blocks and Bricks.
Availability of space, operations management, and skilled employees.
Unique distribution network and customer satisfactory.
Fair and best possible prices additionally discounting offers.

Our three big competitive advantages are:

Exclusive distributing network plus customer satisfaction.
Trade the best possible awards and cash offers

At buy the remainder part of like business plan, including the detailed financial analyzer, call whatever of willingness business plan consultants go 08105636015, 08076359735 and 08113205312. You can send a WhatsApp message or email us either in [email protected] other [email protected] .

Are help institutions and organizations write key, implement Business projects, and train on business Plan writing in Nigeria.

We can help thou write a detailed, bankable or comprehensive business plan for your work ideation.

Call any of our business plan consultants on 08105636015, 08076359735 and 08113205312

Or send one WhatsApp message otherwise email us choose at [email protected] or [email protected] .

Click in buy Blocks/Bricks Business Plan or pattern now & download it immediately.

Press on to access my free E-book and newsletter on Grants opportunities in Nigeria furthermore other business opportunities and news to find you discover, develop and fulfil autochthonous business potential

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How To Start A Lucrative Food Processing And Packaging Business In Nigeria and Africa: The Complete Guide

Food processing and packaging is a crucial aspect of the food industry in Nigeria and Africa, with the potential to boost economic growth, create jobs, and increase access to safe and nutritious food. The food industry in Africa has been growing rapidly in recent years, with the continent’s food and beverage market projected to reach USD 1 trillion by 2030, driven by population growth, rising incomes, and urbanization. In Nigeria, the food industry accounts for about 30% of the country’s manufacturing sector and employs over 4 million people.

Food processing and packaging involves transforming raw food materials into packaged, marketable products that can be stored and transported for sale to consumers. The sector includes activities such as milling, canning, freezing, drying, and packaging, and provides opportunities for both small and large businesses to thrive. With a population of over 200 million people, Nigeria has a large and growing market for processed and packaged food products, including snacks, beverages, and ready-to-eat meals.

In addition to the local market, food processing and packaging businesses in Nigeria and Africa can also take advantage of export opportunities to other regions of the world. Nigeria, for example, has been identified as a key player in the global food trade, with potential to export products such as cocoa, cashew nuts, and sesame seeds. However, there is a need for investment in infrastructure, technology, and quality control measures to enable the sector to meet international standards and tap into global markets.

See Also: How To Start A Lucrative Soybean Farming Business In Nigeria Or Africa: The Complete Guide

What Is The Food Processing And Packaging Business In Nigeria and Africa About?

Food processing and packaging business involves transforming raw agricultural products into marketable food products that are ready for distribution and consumption. The process includes cleaning, sorting, processing, packaging, and labeling food products. The aim of food processing and packaging is to ensure that the food products are safe, of high quality, and have an extended shelf life. This business is vital to the food industry in Nigeria and Africa as it creates job opportunities, boosts the economy, and increases access to safe and nutritious food.

The food processing and packaging industry also provides a platform for small and large businesses to thrive, contributing to the growth of the sector.

See Also: How To Start A Lucrative Plantain Chips Production Business In Nigeria Or Africa: The Complete Guide

Benefits of Food Processing And Packaging Business In Nigeria and Africa

Increased shelf life: Food processing and packaging helps to extend the shelf life of food products by preventing spoilage and contamination.
Preservation of nutritional value: Processing techniques such as freezing, canning, and drying help to preserve the nutritional value of food products.
Improved food safety: Processing and packaging methods such as pasteurization, sterilization, and aseptic packaging help to ensure the safety of food products.
Reduction of food waste: Food processing and packaging helps to reduce food waste by increasing the shelf life of products and making them less susceptible to spoilage.
Job creation: The food processing and packaging industry creates job opportunities for people in Nigeria and Africa, contributing to economic growth.
Increased income: Food processing and packaging businesses provide income opportunities for farmers and food producers, who can sell their products at higher prices.
Increased food availability: Food processing and packaging increases the availability of food products, making them more accessible to consumers.
Reduced post-harvest losses: Processing and packaging helps to reduce post-harvest losses by enabling farmers to store and transport their products to markets.
Diversification of food products: Processing and packaging allows for the creation of new food products and the diversification of existing ones, providing more choices for consumers.
Export opportunities: Food processing and packaging businesses in Nigeria and Africa can tap into export opportunities, contributing to foreign exchange earnings.
Value addition: Food processing and packaging adds value to raw agricultural products, creating a more profitable market for farmers and food producers.
Consumer convenience: Processed and packaged foods provide convenience to consumers, who can purchase ready-to-eat meals and snacks.
Standardization: Processing and packaging helps to standardize the quality and safety of food products, ensuring consistency in taste, texture, and appearance.
Technology transfer: Food processing and packaging businesses bring in new technologies, which can be transferred to other sectors of the economy.
Health benefits: Food processing and packaging can enhance the health benefits of food products by adding vitamins, minerals, and other nutrients.

See Also: How To Start A Lucrative Banana Farming Business In Nigeria Or Africa: The Complete Guide

Business Opportunities In The Food Processing And Packaging Business In Nigeria and Africa

Fruit and vegetable processing: Fresh fruits and vegetables can be processed and packaged into canned, frozen, or dried products for longer shelf life and greater convenience.
Snack foods: The demand for snack foods such as potato chips, popcorn, and nuts is increasing, presenting an opportunity for food processing and packaging businesses.
Meat and poultry processing: Meat and poultry can be processed into a variety of products such as sausages, canned meat, and deli meats, providing an opportunity for value addition.
Beverage production: The production of bottled water, soft drinks, and juices provides an opportunity for food processing and packaging businesses.
Bakery products: The demand for bakery products such as bread, cakes, and pastries is high, creating an opportunity for businesses that can offer convenient and high-quality products.
Dairy processing: Milk can be processed into a variety of products such as cheese, yogurt, and butter, providing an opportunity for value addition.
Spice production: The demand for spices such as ginger, garlic, and turmeric is high, presenting an opportunity for processing and packaging businesses.
Packaged foods: There is a growing demand for packaged foods such as ready-to-eat meals, soups, and sauces, presenting an opportunity for businesses that can offer convenient and high-quality products.
Nutraceuticals: The production of supplements, vitamins, and other health-related products presents an opportunity for businesses that can meet the demand for these products.
Organic and natural foods: The demand for organic and natural foods is increasing, providing an opportunity for businesses that can produce and package these products.
Halal and Kosher foods: The production of halal and kosher foods presents an opportunity for businesses that can meet the demand for these products.
Food packaging: The production of food packaging materials such as bottles, cans, and cartons provides an opportunity for businesses that can meet the demand for these products.
Food processing equipment: The production and sale of food processing equipment such as blenders, mixers, and ovens provides an opportunity for businesses that can meet the demand for these products.
Distribution and logistics: The distribution and logistics of food products presents an opportunity for businesses that can efficiently transport and deliver products to retailers and consumers.

Some other types of food processing and packaging businesses you can start in Nigeria, Africa, India, or anywhere around the world are:

Cashewnut processing
Meat packaging
Chocolate production
Tomato paste production
Condensed milk production
Coconut oil production
Custard powder production
Flour production
Natural fresh fruit juice production
Grape wine production
Groundnut oil production
Honey processing
Ice block manufacturing
Lemonade production
Noodles production
Palm oil production
Sachet and bottle water packaging
Plantain chips production
Potato chips production

And much more.

See Also: How To Start A Lucrative Quail Farming Business In Nigeria and Africa: The Complete Guide

Facts About The Food Processing And Packaging Business In Nigeria and Africa

The food processing and packaging industry is a rapidly growing sector in Nigeria and Africa, with a current value of over $1 trillion globally.
The Nigerian government has prioritized the development of the food processing and packaging industry as part of its economic diversification plan.
The food processing and packaging industry in Nigeria and Africa is highly fragmented, with many small and medium-sized enterprises operating in the sector.
The industry is characterized by a high degree of informality, with many businesses operating without proper licenses, regulatory compliance, or formal accounting practices.
The majority of food processing and packaging businesses in Nigeria and Africa are involved in the production of basic food products such as cassava flour, rice, and palm oil.
However, there is a growing demand for processed and packaged foods such as snacks, beverages, and ready-to-eat meals, which presents an opportunity for businesses that can meet this demand.
The food processing and packaging industry in Nigeria and Africa is facing several challenges, including inadequate infrastructure, high energy costs, and limited access to finance.
Despite these challenges, there are opportunities for businesses that can innovate and offer high-quality products that meet the needs of consumers.
The industry is supported by a network of suppliers, including raw material suppliers, packaging suppliers, and equipment manufacturers.
There is a growing trend towards sustainable and environmentally friendly packaging solutions, which presents an opportunity for businesses that can offer eco-friendly packaging alternatives.
The food processing and packaging industry in Nigeria and Africa is also being driven by advancements in technology, including automation, artificial intelligence, and robotics.
The industry is highly competitive, with businesses competing on price, quality, and innovation.
The industry is regulated by several government agencies, including the National Agency for Food and Drug Administration and Control (NAFDAC) in Nigeria.
The food processing and packaging industry in Nigeria and Africa is a major employer, providing jobs for millions of people.
The industry has a significant impact on the economy, contributing to GDP and foreign exchange earnings through exports.
Nigeria is the largest producer of cassava in the world, and there is a growing opportunity for businesses that can process cassava into high-value products such as flour, starch, and ethanol.
The Nigerian government has introduced several policies and initiatives aimed at promoting food processing and packaging, including the Agricultural Transformation Agenda and the National Industrial Revolution Plan.
The food processing and packaging industry in Nigeria and Africa is supported by a growing network of trade associations and business groups, including the Association of Food, Beverage and Tobacco Employers (AFBTE) in Nigeria.
There is a growing trend towards value addition and product differentiation, with businesses looking to offer unique and innovative products that stand out in the market.
The industry is increasingly focused on food safety and quality, with businesses investing in quality control and testing measures to ensure that their products meet regulatory requirements.
The food processing and packaging industry in Nigeria and Africa is a major consumer of energy, with businesses relying on electricity and fuel to power their operations.
There is a growing demand for locally sourced and produced food products, which presents an opportunity for businesses that can offer locally grown and processed foods.
The industry is heavily reliant on imports of raw materials and packaging materials, which can be a challenge for businesses operating in a volatile foreign exchange market.
The food processing and packaging industry in Nigeria and Africa is a major contributor to the informal economy, with many small and medium-sized enterprises operating outside of formal regulatory frameworks.
The industry is poised for continued growth in the coming years, driven by a growing population, rising incomes, and increasing demand for processed and packaged foods.

See Also: How To Start A Lucrative Spice Farming Business In Nigeria and Africa: The Complete Guide

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Types of food processing and packaging businesses in nigeria and africa.

Food processing and packaging is a broad field that involves various business activities. Here are some of the types of food processing and packaging businesses in Nigeria and Africa:

Fruit and vegetable processing: This type of food processing business involves the processing of fruits and vegetables into various products such as juices, jams, sauces, and canned fruits and vegetables.
Meat processing: This type of business involves the processing of meat into various products such as sausages, bacon, and beef jerky.
Fish processing: Fish processing involves the processing of fish into products such as canned fish, fish fillets, and fish oil.
Snack food production: This type of food processing business involves the production of snack foods such as chips, crackers, and popcorn.
Dairy processing: Dairy processing involves the processing of milk and milk products into various products such as cheese, butter, and yogurt.
Bakery and confectionery production: This type of food processing business involves the production of bakery and confectionery products such as bread, cakes, cookies, and chocolates.
Beverage production: Beverage production involves the production of beverages such as soft drinks, energy drinks, and bottled water.
Spices and seasonings production: This type of food processing business involves the production of spices and seasonings for use in cooking and food preparation.
Ready-to-eat meals production: This involves the production of meals that are pre-cooked and packaged for easy consumption.
Baby food production: This type of food processing business involves the production of baby food and formula.
Pet food production: Pet food production involves the production of food and treats for pets such as dogs and cats.
Nut processing: This type of food processing business involves the processing of nuts into various products such as nut butters, roasted nuts, and trail mix.
Grain processing: This involves the processing of grains such as wheat and rice into various products such as flour and pasta.
Tea and coffee production: This type of food processing business involves the production of tea and coffee products for consumption.
Organic and natural food production: This involves the production of food products that are organic or natural, without the use of artificial ingredients or preservatives.

See Also: How To Start A Lucrative Yam Farming Business In Nigeria Or Africa: The Complete Guide

Types Of Food Used For The Food Processing And Packaging Business In Nigeria and Africa

Food processing and packaging businesses in Nigeria and Africa deal with a wide range of food products. Below are some of the most popular types of food that are used for processing and packaging in the region:

Grains: Grains such as rice, maize, millet, and sorghum are popular food products in Nigeria and Africa. They are commonly used for making flour and other food products.
Fruits and Vegetables: Fresh fruits and vegetables are used for making juices, jams, pickles, and other processed food products.
Meat: Meat products such as beef, chicken, and fish are popular food products in Nigeria and Africa. They are used for making sausages, canned meat, and other processed food products.
Dairy: Dairy products such as milk, cheese, and yogurt are also used for making a variety of processed food products.
Spices: Spices are used for adding flavor and aroma to processed food products. Popular spices in Nigeria and Africa include ginger, garlic, chili pepper, and cinnamon.
Snacks: Snacks such as potato chips, popcorn, and biscuits are popular processed food products in Nigeria and Africa.
Beverages: Beverages such as tea, coffee, and soft drinks are also processed and packaged in Nigeria and Africa.

See Also: How To Start A Lucrative Beans Farming Business In Nigeria and Africa: The Complete Guide

How To Start Food Processing And Packaging Business In Nigeria and Africa: Step-By-Step Guide

Starting a food processing and packaging business in Nigeria and Africa requires careful planning and preparation. Below are the steps to follow:

Conduct Market Research: Research the demand for the type of food product you want to process and package. Identify the market size, competition, and potential customers.
Develop a Business Plan: Create a business plan that outlines your business goals, marketing strategy, financial projections, and operational plan.
Register Your Business: Register your food processing and packaging business with the Corporate Affairs Commission in Nigeria or the relevant authority in your country.
Obtain Necessary Permits: Obtain necessary permits and licenses from the National Agency for Food and Drug Administration and Control (NAFDAC) and other regulatory bodies.
Secure Funding: Determine the capital required to start your food processing and packaging business and secure funding from investors or financial institutions.
Choose a Location: Select a suitable location that is accessible to raw materials, transportation, and market.
Purchase Equipment: Purchase the necessary equipment for processing and packaging your food product.
Hire Skilled Personnel: Hire skilled personnel to work in your food processing and packaging business.
Source for Raw Materials: Source for high-quality raw materials from reputable suppliers.
Establish Quality Control Measures: Establish quality control measures to ensure that your food product meets industry standards and customer requirements.
Develop a Distribution Network: Develop a distribution network to deliver your product to customers.
Market Your Product: Develop an effective marketing strategy to promote your food product and build your brand.
Ensure Food Safety: Ensure food safety by adhering to strict hygiene and sanitation practices.
Conduct Regular Business Evaluation: Conduct regular evaluation of your food processing and packaging business to identify areas for improvement and growth.
Seek Export Opportunities: Identify export opportunities for your food product by participating in trade fairs and exhibitions and leveraging digital marketing channels.

See Also: How To Write The Perfect Business Plan In Nigeria and Africa That Will Get Funded: The Complete Guide

Types Of Equipment Used To Produce, Package & Supply Processed Food In Nigeria or Africa

To set up a food processing business, it is important to have the right equipment to ensure efficiency, consistency and quality of products. Below is a list of equipment used to process, package and supply processed food in Nigeria and Africa:

Cutting and peeling machines: These machines are used to remove the outer skin or peel of fruits and vegetables and to cut them into desired sizes and shapes.
Grinding and blending machines: These machines are used to grind ingredients like grains, spices and herbs into powder or paste.
Mixing and kneading machines: These machines are used to mix and knead dough for bread, biscuits and other baked goods.
Cooking and frying machines: These machines are used to cook or fry food products like rice, beans, and fried snacks.
Packaging machines: These machines are used to pack finished products into containers or pouches.
Sealing machines: These machines are used to seal the containers or pouches to prevent spoilage and contamination.
Labeling machines: These machines are used to label the products with important information such as ingredients, nutrition facts, and expiration date.
Storage equipment: This includes refrigerators, freezers and other storage equipment used to store raw materials and finished products.

It is important to note that the specific equipment needed for a food processing business will depend on the type of product being produced. It is also important to ensure that the equipment is of good quality and maintained properly to ensure consistent product quality and safety.

See Also: How To Start A Business In Nigeria and Africa: The Complete Guide

Target Market For The Food Processing & Packaging Business In Nigeria or Africa

The target market for food processing and packaging business in Nigeria and Africa is diverse and extensive, as the demand for processed and packaged food is on the rise due to urbanization, population growth, and changing lifestyles. Below are some of the potential target markets for a food processing and packaging business in Nigeria and Africa:

Retailers: Retailers, such as supermarkets, grocery stores, and convenience stores, are a crucial target market for a food processing and packaging business. These retailers often buy in bulk and require packaged food products to meet the demands of their customers.
Restaurants and hotels: Restaurants and hotels are another significant target market for a food processing and packaging business. These establishments require processed food ingredients and pre-packaged food products to meet the needs of their customers.
Catering companies: Catering companies also require processed food ingredients and pre-packaged food products to cater to their clients’ needs.
Export market: There is a growing demand for African food products in international markets. A food processing and packaging business that meets international standards can tap into this market.
Individuals: The growing middle-class population in Nigeria and Africa is also a potential target market for a food processing and packaging business. These individuals often prefer packaged food products due to their convenience and longer shelf life.
Government agencies: Government agencies such as school feeding programs, emergency relief programs, and military establishments require packaged food products for their operations

See Also: How To Start A Lucrative Import/Export Business In Nigeria and Africa: The Complete Guide

How To Sell or Market Processed Food Products In Nigeria or Africa

Here are 25 ways to sell or market food processing and packaging business products in Nigeria and Africa:

Attend trade fairs and exhibitions: These events provide a great opportunity to showcase your products and network with potential customers.
Use social media platforms: Utilize social media platforms like Facebook, Twitter, and Instagram to promote your products and engage with your customers.
Partner with influencers: Collaborating with influencers can help you reach a wider audience and increase brand awareness.
Create a website: Establish an online presence with a professional website that highlights your products and services.
Offer free samples: Offer free samples to potential customers, letting them experience the quality of your products.
Use email marketing: Send regular newsletters to your subscribers to keep them informed about new products and promotions.
Advertise on TV and radio: Advertise on popular TV and radio stations to reach a larger audience.
Participate in food events: Take part in food events and competitions to showcase your products and gain industry recognition.
Partner with local retailers: Partner with local retailers and supermarkets to get your products in front of more customers.
Offer discounts: Offer discounts to customers on special occasions like holidays, end-of-year sales, and product launches.
Use packaging to stand out: Use unique and attractive packaging to make your products stand out on the shelves.
Use testimonials: Share testimonials from satisfied customers to build credibility and trust in your brand.
Launch a loyalty program: Launch a loyalty program to reward repeat customers and encourage brand loyalty.
Invest in SEO: Optimize your website for search engines to increase your online visibility and drive traffic to your site.
Use paid advertising: Use paid advertising like Google Ads and social media ads to reach a wider audience.
Participate in community events: Participate in community events like food festivals and fairs to promote your products and engage with potential customers.
Offer bundle deals: Offer bundle deals on your products to encourage customers to buy more and increase sales.
Use product videos: Create product videos to showcase the quality and uses of your products.
Use influencer marketing: Collaborate with influencers in the food industry to promote your products to their followers.
Create a referral program: Launch a referral program that rewards customers for referring their friends and family to your business.
Use customer reviews: Highlight positive customer reviews and ratings on your website and social media channels.
Provide excellent customer service: Provide exceptional customer service to create loyal customers and positive word-of-mouth marketing.
Sponsor events: Sponsor food-related events to increase brand awareness and reach a wider audience.
Offer corporate gifts: Offer corporate gifts to businesses and clients to promote your products and services.
Use packaging inserts: Include promotional offers and product information in your packaging to encourage repeat purchases and referrals.

See Also: How To Start A Lucrative Coconut Oil Production Business In Nigeria Or Africa: The Complete Guide

Challenges Of The Food Processing And Packaging Business In Nigeria and Africa

High cost of equipment and machinery: The high cost of food processing and packaging equipment and machinery can be a challenge for entrepreneurs who want to start a business in this industry.
Lack of access to financing: Many entrepreneurs in Nigeria and Africa face challenges in accessing financing to start or expand their food processing and packaging businesses.
Poor infrastructure: Inadequate infrastructure such as roads, electricity, and water supply can make it difficult to transport raw materials and finished products, and to maintain quality and safety standards.
Inconsistent power supply: Power outages are common in many parts of Nigeria and Africa, which can disrupt production and lead to spoilage of perishable products.
High transportation costs: Transportation costs can be high, particularly in areas with poor infrastructure, which can impact the profitability of food processing and packaging businesses.
Limited access to modern technology: Many small-scale food processors and packagers in Nigeria and Africa lack access to modern technology, which can impact the quality and consistency of their products.
Lack of skilled labor: A shortage of skilled labor can make it difficult for food processing and packaging businesses to maintain quality and consistency, and to keep up with demand.
Inadequate storage facilities: Lack of adequate storage facilities can lead to spoilage and waste of perishable products, and can impact the profitability of food processing and packaging businesses.
Lack of government support: Many food processing and packaging businesses in Nigeria and Africa do not receive adequate support from the government in the form of policies, infrastructure development, and financing.
Limited market access: Limited access to markets, particularly international markets, can limit the growth potential of food processing and packaging businesses.
Competition from imported products: Imported food products can compete with locally produced products, particularly in terms of price.
Inadequate regulatory framework: Inadequate regulatory frameworks can lead to poor quality and safety standards, which can impact the reputation of food processing and packaging businesses.
Seasonal availability of raw materials: The seasonal availability of raw materials can impact the production and profitability of food processing and packaging businesses.
Dependence on a single product: Dependence on a single product can leave food processing and packaging businesses vulnerable to market fluctuations and changes in demand.
Environmental factors: Environmental factors such as climate change, natural disasters, and pests and diseases can impact the availability and quality of raw materials.
Lack of access to reliable information: Lack of access to reliable information can make it difficult for food processing and packaging businesses to make informed decisions about production, pricing, and marketing.
Inadequate quality control measures: Inadequate quality control measures can lead to inconsistent quality and safety standards, which can impact the reputation and profitability of food processing and packaging businesses.
Lack of access to appropriate packaging materials: Lack of access to appropriate packaging materials can impact the quality and safety of finished products, and can limit the growth potential of food processing and packaging businesses.
Limited technical knowledge: Limited technical knowledge can impact the quality and consistency of finished products, and can limit the growth potential of food processing and packaging businesses.
Dependence on imported equipment and materials: Dependence on imported equipment and materials can increase costs and lead to supply chain disruptions.
Inadequate access to markets: Inadequate access to markets, particularly in rural areas, can limit the growth potential of food processing and packaging businesses.
Inadequate access to credit: Inadequate access to credit can limit the growth potential of food processing and packaging businesses, particularly for small-scale entrepreneurs.
Limited government support for research and development: Limited government support for research and development can limit innovation and the introduction of new products and technologies.

See Also: How To Start A Lucrative Watermelon Farming Business In Nigeria And Africa: The Complete Guide

To Sum It Up

In conclusion, the food processing and packaging business is a promising sector for entrepreneurs and investors in Nigeria and Africa. With a growing population, increasing demand for processed food, and a favorable business environment, the opportunities in this industry are vast. The benefits of food processing and packaging business are diverse, ranging from job creation, income generation, and value addition to enhancing food security and reducing post-harvest losses.

However, to succeed in this industry, entrepreneurs and investors must be willing to invest in high-quality equipment, employ skilled personnel, and prioritize product quality, packaging, and marketing. Additionally, they must be aware of the challenges facing the industry, such as high production costs, inadequate infrastructure, and limited access to finance.

Despite these challenges, the food processing and packaging business in Nigeria and Africa has the potential to grow and contribute significantly to economic development. By taking advantage of the opportunities available and addressing the challenges facing the industry, entrepreneurs and investors can build successful and sustainable food processing and packaging businesses in Nigeria and Africa.

See Also: 50+ Lucrative Farming & Agricultural Business Ideas In Nigeria And Africa

Professional Business Plan Writing Service Writing a bank and investor ready professional FOOD PROCESSING AND PACKAGING business plan can be challenging. If you need a professional and affordable business plan service, STARTUPTIPSDAILY’S MBA STANDARD PROFESSIONAL BUSINESS PLAN WRITING SERVICE is perfect for your business. All you have to do is request an understanding of your proposed business model, and you’d have a professional MBA standard business plan ready for you in anywhere from 5 to 14 days. YOU CAN CLICK HERE TO GET STARTED WITH USING STARTUPTIPSDAILY’S PROFESSIONAL BUSINESS PLAN WRITING SERVICE TO CREATE THE PERFECT BUSINESS PLAN THAT’D GET ACCEPTED ANYWHERE.

What are your thoughts on how to start a Food Processing And Packaging Business in Nigeria, Africa, or any other part of the world? Let me know by leaving a comment below.

20 Comments

For information on Bell Apple Farming in Nigeria (since 2008), please search online for, “Bell Apple in Nigeria”. Thank you. 08123979645.

Always love coming to this site because you guys always tell me some thing that i don’t know. Am a big Fan

I am interested in d plantain chips and palm oil production. Will like some information about d two asap. Thx

What equipments will i need to start.

Very helpful….

Am interested in food processing business, do i need to register with NAFDAC immediately after registering with CAC before starting the business? pls can you throw more light?

Hi Nathaniel,

You need to register your products with NAFDAC after registering your business.

Please tell me more about your supply chain experience and expertise. I might have a something for you.

Mrs. Ola. [email protected]

Please send an email of your request to [email protected]

Do you give training on how to be a food processor most especially on production of food into dry form.

Not currently.

We will keep everyone informed when we do.

How can I get specifications as per Nafdac requirement and standards for production plan, I also need training on food processing, please where can I get this

I’d advise you visit the nearest NAFDAC office at your location so you can be up to date.

I love you explanations on food packaging and processing thanks a lot it’s really educative.

You’re welcome.

I love this post!! Do you train people on food processing??? I also want to know more about distribution agents

Thanks for reading Miracle.

And unfortunately, no, we don’t train physically for food processing.

However, we have a highly in-depth and highly comprehensive online export business course that will teach you everything you need to know on how to start, run, and grow a successful export business from scratch with zero experience.

You can access the course here >>> https://exportcourse.startuptipsdaily.com/

Thanks for the information, I what to start rice package and selling but don’t know how to go about it

Thank you for the comment, Ujunwa.

Please send an email to [email protected] and I’d be happy to advice.

Comments are closed.

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