Plantain Farming Business Plan in Nigeria PDF

Plantain Farming Business Plan in Nigeria PDF

Plantain Farming Business Plan in Nigeria- Plantain farming business is very lucrative, but many are unaware of this while those who have seen the light and know how lucrative plantain farming business in Nigeria is are into it and they are going into it strong because the know what they would gain at the end of it. Are you interested in going into plantain farming business then you are in the right place, starting a plantain farm is not as difficulty as you might think you just need the right guide to help go in the right direction that’s where our business plan comes in get our Plantain Farming Business Plan In Nigeria. Our business plan we help you set a standard Plantain Farming Business just make your order now and get our business plan.

GET YOUR Plantain Farming Business Plan In Nigeria / Feasibility Study. To
place an order, pay N10,000 to

First Bank

Account Name: Oliver Uwadia

Account Number: 3094192129

Plantain Farming Business Plan In Nigeria Latest Edition feasibility studies proposal

After payment text your name, your e-mail address and bank teller number or your transfer reference number to 08107015636 and A Copy of our Business plan for Plantain farming business plan PDF will be send to your email

1.0 Executive Summary
Keys to Success
Financial Considerations
1.1 Objectives
1.2 Mission

2.0 Company Summary

3.0 Products

4.0 Market Analysis Summary
4.1 Market Segmentation
4.2 Target Market Segment Strategy
4.3 Industry Analysis
4.3.1 Competition and Buying Patterns

5.0 Strategy and Implementation Summary
5.1 Sales Strategy
5.2 Marketing Strategy
5.3 Competitive Edge

6.0 Management Summary
6.1 Personnel Plan
6.2 manpower requirements
6.3 man power budget

7.0 key financial management controls

8.0 Projected financial statements
8.1 Application of funds
8.2 operating and maintenance costs budget
8.3 projected profit on 50 acres of plantain plantation in 12months
8.4 income statement projections

Base on research we found out that plantain and it’s products are among the most consumed foods in Nigeria. So many delicacies are produces from plantain, this is why plantain farming is very important and lucrative and that’s why most farmers are involved in plantain farming because they know how profitable plantain farming business is.

The good thing about plantain farming is that when starting you do not really need so much capital. Note you can start with a huge capital if you want, it all depends on the kind of capital you have to start with. The main thing about owning a plantain farmland is caring of your crops and maintaining the farmland, in this article we did some research and we will share with you some hiding secret about how you can start a standard plantain farming business in Nigeria.

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Market Overview

Like we’ve said earlier, plantains is consumed on a daily basis and it can be eaten in different forms including raw, eaten fried with rice or other foods, boiled, and as chips. We just list few forms in which plantain can be eaten.

With what we’ve list above this show that the demand for plantain is very high and it exceeds the supply in Nigeria. If you are going into this business it is always the right time to go into this business, you should not be worried about selling your plantain as the market is very wide. Plantains are needed in so many establishment, not just in the market other places needs plantains sure as Hotels, restaurant, companies that deals
with plantain processing food, etc.

Challenges of Plantain Farming in Nigeria

Plantain farming has challenges just like any other farming product, but the good thing is that we are going to list some of this challenges because it is very important that you know the kind of challenges that you are going to face so that it would be easier for you to avoid and overcome them. The challenges are as follows

  • Pests and diseases.
  • The high cost of farmlands.
  • Unhealthy suckers.
  • Problems associated with storage.
  • The high cost of transporting produce to markets.
  • The challenge of raising adequate capital.
  • How Profitable is Plantain Farming in Nigeria.

Before going into any kind of business you should always do some research regarding that particular business to know how or if the business is profitable, it is very important to know if indeed that particular business you are going into is profitable or not. Plantain farming is no different even though plantain is in very high demand in Nigeria. Below we highlighted how much you are likely to spend on cultivating plantain in Nigeria. Note in some cases you might spend higher than what we’ve listed below.

Cost Analysis for Plantain Plantation

  • Buying farmland – N400,000
  • Purchasing suckers at N200 each – N100,000 for 500 suckers.
  • Transportation of suckers to the farm – N7,000
  • Cost of labor for planting – N20 per sucker = N10,000
  • Cost of maintaining the farm – N15,000
  • Cost of manure – N3,000

Total = N535,000

I know what is on your mind the question you are thinking. How do you make returns on your investment? We listed two Major ways of making returns on your investment when running a plantain farm.

1. Selling the plantain fruits. The usual price of a plantain bunch is about N500. If all your 500 suckers produce, then you should have N250,000 in your first year. Planting the same number of suckers by the second year means your business will break even in Year 2.

2. Selling suckers. Usually, a plantain will produce between 6 and 8 suckers. This means that your 500 plants will produce 3000 suckers. If you sell each sucker at N200, you will make N600,000. This implies that your business will hit break-even in the first year.

With this you know how lucrative plantain farming business is in Nigeria that’s why many are going into the business and with this it proofs why you should invest in plantain farming business.

Why you should invest in Plantain Farming Business in Nigeria

We listed some reasons why you go into plantain farming business though we cannot share all the reasons in this post but we list some few reasons why it is very important to go into plantain farming business in Nigeria

  • It helps to eradicate poverty which is one of the SDGs.
  • This business is highly profitable and lucrative.
  • You will employ people to work on your farm even if it is for short periods. This means you are helping to reduce the unemployment and crime rates in Nigeria.
  • It helps you to attain self-dependence.
  • Reduces financial crises in the country.
  • You can become a mentor to many other young farmers interested in plantain farming in the future.

GET YOUR Plantain Farming Business Plan In Nigeria / Feasibility Study. To
place an order, pay N10,000 to

First Bank

Account Name: Oliver Uwadia

Account Number: 3094192129

Plantain Farming Business Plan In Nigeria Latest Edition feasibility studies proposal

After payment text your name, your e-mail address and bank teller number or your transfer reference number to 08107015636 and A Copy of our Business plan for Plantain farming business plan PDF will be send to your email

Starting a Plantain Farm in Nigeria

Before you jump into starting a plantain farm, there are several things you should know. Many people do not take the time to study about plantain farming before they dive in. The result of this negligence is the failure of the business and loss. We don’t want any of this to happen to you which is why we have put together this guide to help you out.

Get a fertile land

this is an important aspect of starting up your plantain farming business, if you are going to succeed as a plantain farmer you need a very good, a fertile farmland that is good for cultivation. You need a soil that has all the necessary nutrients and satisfies the necessary conditions for plantain farming. The best kind of soil that is very good and that will help your crop grow is loamy soil, this is because it contains lots organic matter. The moisture content of the soil should be average. There are two ways of getting farmland for plantain cultivation. You can purchase the land outright from the owner. On the other hand, you can lease the land for a few years and then return it or purchase it afterward.

Land preparation

After getting the land that you want to use for your plantain farming, you don’t just leave it there you start with the necessary preparation. There are land preparation you must carry out on the land before planting your plantain. the land preparation processes include clearing the weeds and bushes, cutting any trees that may stand in the way, removal of stones and stumps, etc. Other processes involve tilling the ground and preparing the beds for cultivation and manure application. you must do these because you want your crops to grow to the very best.

Purchasing healthy Plantain suckers

Plantain suckers are correspondent to seeds that are planted to get plantain. You must have seen suckers at some point. They are the outgrowth you see on the bud that is at the base of the plantain plant. The suckers bear short narrow leaves and they are planted to get whole plantain plants. You must get the very best suckers don’t get unhealthy suckers because this will not yield a very good fruits and this will mean all your hard work and money has been a waste of time. So the kind of Plantain Suckers you get will tell you the amount of profits to be made that is why it is always advisable to get a very healthy Plantain suckers. There are three varieties planted in Nigeria include sword suckers, maidenhead, and water suckers. You can invest in any of the first two, they are very healthy and produce a high yield. Water suckers, on the other hand, produce low yield and the plants are always weak.

Planting, weeding, and fertilizer application

The kind of sucker you need should typically be around 4 to 5 feel long and you should maintain between 8 to 10 feet between each sucker. Before you start planing make make you have weed the farmland before anything is down. Note If the land is already fertile, you may not need to apply fertilizers. However, if it isn’t, then you need fertilizer that has sufficient levels of nitrogen, phosphorus, and potassium.

Harvesting and marketing

This is the last aspect after planting your plantain it take up to 8 to 10 months before harvesting. You should harvest the plantain once it begins to ripen. You must find buyers for your product before the harvesting season. Plantain is perishable so you cannot afford to leave it on the ground for too long.



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