Written by Olumakinde Oni
Animal protein consumption in Nigeria is becoming very critical. An average person is expected to consume at least 500g proteins of animal sources per day but our per capita consumption in Nigeria is less than 70g.
This is far from being normal. To reverse this trend, there is the need for more investments in animal feed production. This proposal is out to achieve this objective.
It has been said that the realization of human potentials (both mentally and physically) is a function of the quality of the food intake. Promotion of investment in the areas of animal protein production is therefore seen as way of improving the mental and physical capacity of Nigerians.
It can also be argued that the productivity of any person in life is also a function of the level of this mental development, while mental development, is a function of food intake. In this regard, the project is seen as contributing directly or indirectly to increased productivity.
Truth is, 50 percent of the cost of producing proteins of animal sources can be attributed to animal feeds. Investment in animal feedstuff preparation will therefore contribute greatly to the development of animal protein supply in the country.
The viability of any project is a function of raw materials availability, market potentials and management. Raw materials for animal feeds ingredients are abound in Nigeria. These include among others: oyster shells, bone meal, maize, soya cake, groundnut cake, palm kernel cake and a host of others. Market for animal feeds is also limitless.
Animal feeds requirement in Nigeria (both low and high) nutritional planes are not less than 4 million metric tones. Not only this animals feed stuff can be exported for a good price. In this regard, anything that is produced is automatically consumed. The requirement in terms of manpower is not demanding.
This is because the production process involved in the preparation of feedstuff is very simple. The project can easily be managed by middle level manpower.
The profitability of the project is not in doubt, substantial returns on investment are guaranteed.
In view of the above, this project is strongly recommended to serious minded investors who are desirous of capitalizing on viable investment opening and at the same time contributing positively to Nigeria's economic development by creating real investments, job opportunities and more food to feed Nigerians.
The feeds ingredients in mind are bone meal, oyster shells soya cake and cassava meals, maize, wheat offal's groundnut cake, etc. Their preparation involves installation of simple machines and the materials are subsequently processed to be sold to Poultry farmers. Investors can go further down by compounding the feeds, which are sold directly to animal farms such as poultry farms, turkey farms, pig farms, cattle farms and sheep and goat farms and fish farms.
To establish the project, the first step is the preparation of comprehensive feasibility report showing technical and financial details of the project. This is followed by procurement of appropriate site and machines. On installation of machines, appropriate personnel are recruited. This is followed by procurement of raw materials for onward processing.
Serious minded investors can be guided accordingly on request.
The plant has capacity of producing 5 tonnes per day of animal feeds. Profit margin of N3, 000 per tonne of feed produced has been computed. Working 200 days a year, Annual Profit of N6 million is achievable.