How to start a tapioca starch production company in Nigeria First, and fundamentally, make a very detailed business plan through cost-profit analysis

How to start a tapioca starch production company in Nigeria

First, and fundamentally, make a very detailed business plan through cost-profit analysis. Before the issuance of SIDA, investors should understand the cost of raw materials, the final market price of cassava starch, operating costs, labor costs, cost of cassava starch production machinery, etc. This will determine whether investors can establish a cassava starch production company.

Second, the issue of funding. Funding is a serious problem for Nigerian investors. Investors should prepare sufficient funds and even cash to establish a tapioca starch production company in Nigeria. If personal funds are limited, you can choose to apply for bank loans or cooperate with other investors. Funds should include machine costs, workshop costs, related equipment costs, operating costs, etc.

Third, ensure adequate supply of raw materials. If you want to successfully open a tapioca starch production company in Nigeria, you must first solve the problem of raw material supply. Because there is no raw material, the cassava starch processing machine cannot operate, let alone profit. The raw materials can come from their own farms. If you do not have a farm, it is best to sign a contract with local farmers in advance to ensure stability

Supply of raw materials.

Fourth, find more potential buyers of tapioca starch. Starch is widely used in beer, ethanol factories, paper mills, food factories, beverage factories and other different industries. Sign an offtake contract with the buyer in advance to ensure that there are no sales problems, thereby reducing the risk for investors.

Finally, choose the best location to establish a tapioca starch production company in Nigeria. This place should be convenient for the supply of raw materials and the sale of tapioca starch, which can save a lot of transportation costs.

If you want to start a tapioca starch business and want to consult a turnkey project, please contact us.