How to Start your own Corn Flour/maize Milling Factory
One of the pre-requisites to achieve economic development is the ability of a country to be self sustaining, in terms of raw-materials sourcing for industries and feeding of the teeming population.
Investment justification
Raw materials for the maize/corn production can be 100 percent locally sourced. Nigeria is abundantly blessed with fertile soil to grow enough maize that can feed the teeming population and industries alike.
Not only this, we are blessed with abundant human resources that can cultivate maize to the required quantity.
Market for the products of corn/maize flour mill is vast and wide, and includes direct consumption by the people; production of maize grits to serve breweries and other by-products for the livestock feeds industries.
Investment in this kind of project will, among others, help the nation in achieving optimal resource utilisation, rural employment/development, urban employment/development, increased gross national income and other multiplier effects on the economy. The production technology for maize grits/flour production is simple, hence the ease of plant and machinery operation and maintenance.
In view of the above, it is economically justifiable, technically feasible and productively viable to invest in maize flour/grits processing factory.
Production technology/implementation procedure
Production process in maize to flour/grits production entails pre-cleaning, cleaning, tempering, crushing, germination, milling and sieving.
To establish this project, the implementation procedures are listed as follows:
Step I: Preliminary activities, such as company formation, site procurement, and preparation of feasibility studies.
Step II: Finance negotiation/sourcing
Step III: Equipment sourcing
Step IV: Construction of factory/ of plant.
Step V: Recruitment of appropriate personnel and commercial production to commence.
Investors are advised to seek the services of reputable consultants to assist them in any of the above listed procedures.
Investors are required to contribute between 25 percent and 30 per cent while the balance can be raised in form of term loan and overdraft from financial institutions if armed with bankable feasibility report. This can be provided for serious minded investors.
Profitability
Annual profit of N200 million is guaranteed from this investment.
Emmanuel Akpan
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