Full fat soya cake concentrate production is one type of project that can readily contribute to Nigeria’s agricultural development.
Investment justification
Full fat soya cake concentrate is a highly proteinous product used in compounding animal ration. It is in very high demand and there is a great deficit in its supply to the users. At present, local consumption is being complemented with importation. The price for soya cake is good; raw materials are available and can be grown abundantly in Nigeria (Nigeria has the potential to be the largest producer of soya bean in the world). It therefore, beholds investors to capitalise on this viable business opening.
Production technology/implementation procedure
To set up a soya cake processing factory involves pre-investment operations such as company formations, preparation of feasibility studies and finance sourcing. After pre-investment operations, project site will be acquired. This can be done through rented accommodation or construction of new factory. This is followed by machinery sourcing cum installation. Recruitment of appropriate personnel and raw materials procurement will follow. Commercial production then takes off after all the above have been achieved.
The production process involves pre-treatment of soya bean seeds. This is achieved by subjecting the seeds to a very high temperature. After treating the seeds, they are then fed into the extruder/expeller where they are processed into soya cake/concentrate. The end product is later sold to livestock feed millers.
OLUMAKINDE ONI
