EGG PRODUCTION BUSINESS PLAN IN NIGERIA
Egg production Business Plan in Nigeria
This sample Egg production Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Egg production Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Business Description of Egg production Business Plan in Nigeria
Business: EGG PRODUCTION
Industry: Poultry (Egg production Business plan in Nigeria)
Patilad Egg production is an egg farm, where we produce eggs through the rearing of layers. Our eggs are graded by size and labeled according to weight during selection. We are located at Abeokuta in Ogun State.
The demand for poultry eggs is very high, and over 65 million tonnes of eggs are consumed globally annually. In 2019, the production of eggs primary for Nigeria was 640,000 tonnes. Production of eggs in Nigeria increased from 110,000 tonnes in 1970 to 640,000 tonnes in 2019, growing at an average annual rate of 4.10%.
Eggs are rich in nutrients, and adding them to vegetables, salads, and bread becomes a nutritionally balanced meal. Eggs serve as a raising agent in baking, thickening agents, emulsifying agent, clarifying fluids. It is also used for glazing and sealing in the baking world, and it also adds color and flavor to dishes.
Eggs are a good source of protein, both the whites and yolk. They also contain heart-healthy unsaturated fats and are a great source of essential nutrients, such as vitamin B6, B12, and vitamin D. It leads to elevated levels of high-density lipoprotein (HDL), also known as the “good” cholesterol. Egg yolks contain large amounts of lutein and zeaxanthin, helpful antioxidants that help reduce the risk of cataracts and macular degeneration in the eyes. Eggs are high in vitamin A, which is beneficial for eye health.
Asides from the fact that people consume birds and chicken, the supply of eggs is also a major source of revenue generation for poultry farmers. Players in the poultry farming and egg production industry raise chicken for meat and egg production. The eggs produced may be sold for use as table eggs or hatching eggs.
Operation:
Our eggs are taken from the farm to the depot, where they are sold to consumers. Our target market includes; individual households, supermarkets, grocery shops, wholesalers, schools, restaurants, organizations, hotels, events planners.
We are in the production line of business because we want to leverage the vast opportunities available in the agriculture industry to contribute our quota to Nigeria’s economy.
Problem statements:
- Disease Outbreaks: Poultry farms in Nigeria often face challenges related to disease outbreaks, which can significantly impact egg production and profitability.
- Inadequate Infrastructure: Limited access to reliable electricity, water, and transportation infrastructure can hinder the efficient operation of egg production facilities.
- High Cost of Feed: Fluctuations in feed prices and dependence on imported feed ingredients contribute to the high cost of production, reducing profit margins for egg producers.
- Poor Market Access: Limited market access and distribution channels is one of the major problems. It makes it difficult for small-scale egg producers to reach consumers effectively, resulting in lower sales and revenue.
- Quality Control Issues: Inconsistent quality control practices across the supply chain can lead to variable egg quality, eroding consumer trust and brand reputation.
Solution statements:
- Disease Prevention Protocols: Implementing robust biosecurity measures, vaccination programs, and regular health monitoring can help prevent disease outbreaks, it can likewise protect the poultry flock.
- Investment in Infrastructure: Investing in on-site power generation, water storage, and transportation logistics can improve operational efficiency. This can also reduce dependence on external infrastructure.
- Promotion of Local Feed Production: Encouraging the cultivation and processing of locally sourced feed ingredients can help reduce reliance on imported feed and mitigate the impact of fluctuating prices.
- Market Diversification and Partnerships: Exploring alternative marketing channels such as online platforms, farmer’s markets, and partnerships with retailers can expand market reach and improve sales opportunities.
- Quality Assurance Programs: Implementing rigorous quality control standards, traceability systems, and product certifications can; reassure consumers of egg quality and safety, enhancing brand credibility and market competitiveness. Additionally, providing training and support to small-scale producers can improve overall industry standards.
Our products and services:
Patilad Egg production produces good eggs at affordable prices. We offer the following product and services;
- Different sizes of Eggs
- Training
- Consultancy
Keys to Success:
The keys to success for the Egg production business include:
- Quality Production: Consistently producing high-quality eggs is essential for building trust with consumers and maintaining a positive reputation in the market. We adhere to stringent quality control measures throughout the production process.
- Expertise in the Industry: We leverage our understanding of the poultry farming industry in achieving success. This expertise enables informed decision-making, efficient resource allocation, and proactive problem-solving to overcome challenges and capitalize on opportunities.
- Availability of Latest Machines and Facilities: Investing in modern machinery, equipment, and facilities enhances operational efficiency, productivity, and quality control. Utilizing state-of-the-art technology enables automation, precision, and scalability in egg production, reducing labor costs and improving overall competitiveness.
- Good Ventilation: Proper ventilation in poultry houses is vital for maintaining optimal air quality, temperature, and humidity levels. We ensure these for the health and well-being of our hens and the quality of eggs produced.
- Adequate Funding: We ensure Adequate funding to foster continuity, resilience, and the ability to seize opportunities for expansion, innovation, and market penetration.
- Access to Water and Feeding: Our company makes available quality water sources and balanced feed formulations tailored to the nutritional needs of hens.
- Skilled and Diligent Workers: We have competent and dedicated workforce for the smooth operation of our egg production business. Our company employs skilled workers to ensure efficient farm management, proper care of the flock, and timely egg collection. We likewise adhere to hygiene and safety protocols for overall productivity and profitability.
- Excellent Packaging of Eggs: We engage in High-quality packaging to protect eggs during transportation and storage. Likewise, the packaging enhances product presentation and consumer appeal.
Objectives:
- To consistently provide quality products
- To be the best choice for all our customers
- To increase revenue by 50% in the next two years
- To provide job opportunities for youth and young people
- To provide outstanding customer services.
Goal:
Our goal is to establish Patilad Egg Production as one of the top 10 egg production companies in the country while maintaining affordability for consumers. This goal encapsulates several key objectives and strategies: Quality Assurance, Market Penetration, Operational Efficiency, Innovation and Differentiation, and Sustainable Growth.
Vision:
To foster economic prosperity and job creation through the consistent production of premium-quality poultry eggs.
Mission for the Egg production Business Plan in Nigeria
Management Team of the Egg Production Business Plan in Nigeria
Anuoluwapo Timileyin: He is our general farm manager, overseeing the company’s day-to-day operation and assigning duties to staff. He is a graduate of Animal sciences from Ekiti State University (EKSU). He has over five years of experience in the industry.
Mr. Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years of 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.
Samuel Olaniyi: He is in charge of sales and marketing. He had BSc in marketing from the University of Lagos (UNILAG). He is in charge of retaining the organization’s best customers and attracting new ones, developing, executing, and evaluating new plans for increasing sales, empowering, and motivating the sales team to meet and surpass agreed targets.
Eniola Shonibare: She had an MSc in accounting from the University of Lagos. She’s the company’s accountant, responsible for preparing the organization’s financial reports, budgets, and financial statements.
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Egg production Business Plan in Nigeria
We brought to the business:
- Educational skill and practical experience in the Egg production business.
- Capacity to consistently provide outstanding service.
- Quality processed product and a good understanding of the market trend.
- Our staff brings operational, marketing, and promotional skills to the business.
Management experience gained for the Egg production Business Plan in Nigeria
With over ten years of experience in the Poultry Industry, and numerous exposure to both the scientific and practical aspects of services. I’ve been able to master the technical requirements, financial management, staff recruitment, and organization skills. Among other things necessary to give the industry good commendation from our clients.
My managerial skill has also helped put together a workforce for over five years. This will also help me coordinate the teamwork in most aspects of the company.
I am the CEO of the company overseeing the day-to-day activities of the business.
Materials and Machine for Egg production Business Plan in Nigeria
Automatic chain feeder, egg collection system, parent breeder poultry cage, starter rearing cage, double or triple deck poultry cages. Automatic manual belt adjustment, egg smart elevator, farm packers, residue treatment unit, enriched colony system. Mobile housing, weighing equipment, pullet rearing, poultry climate control, water supply. Generator, washing basin, egg transfer machines, overalls, cleaning supplies (mob sticks, brooms, soaps, buckets, plastic bin).
Competitor Analysis for Egg production Business Plan in Nigeria
People buy from us because of the following reasons:
- Neatly packaged eggs
- Good customer service
- Availability of different sizes of eggs
- Modern facilities and equipment
- Efficient production system.
- Lowest prices and discount offers.
Our three major competitive advantages are:
- Good customer service
- Availability of different sizes of eggs
- Lowest prices and discount offers.
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