Tomato farming and processing are one of the lucrative businesses in Nigeria as tomato is an important component of the daily diet, consumed both fresh and in paste form.
Fresh tomato is referred to as a fruit while others referred to it as a vegetable and it’s very common in Nigeria and the world as a whole. Tomato as a vegetable fruit is a major food component, an ingredient utilized by every household and constitutes the national food security programme of the Federal Government.
Nigeria is the 14th largest producer of tomatoes in the world and second in Africa after Egypt with about 1.8 million metric tonnes, which she produces annually. Nigeria with a population of about 200 million people has over 48 million tomato farmers across the country and majority of tomato farmers are from the northern part of Nigeria, the intersting fact is that Nigeria accounts for 65 per cent of tomatoes produced in West Africa.
Despite accounting for 65 per cent of tomatoes produced in West Africa, Nigeria is also the largest importer of tomato paste in the world, importing an average of 150,000 metric tons of concentrate per annum, which is valued at $170m. In 2012, the Central Bank of Nigeria (CBN), under Malam Lamido Sanusi, expressed worry about the N11.7billion the country was spending then to import 65,809 metric tons of processed tomato paste.
In 2018, Nigeria current demand for fresh tomato fruits stands at about 2.45 million metric tons annually, while it produces about 1.8 million metric tons. Nigeria now imports 150,000 metric tons of concentrate per annum as against the 65,809 metric tons it did five years ago.
Looking at the statistic above, it shows that there is huge demand for tomato and every serious minded entreprener should venture into tomato farming and processing as soon as possible
The high demand for tomato has made tomato farming and processing business one of the lucrative businesses in Nigeria. Focusing on tomato farming alone can help you make a fortune especially when using the latest technology and modern ways of growing tomato. Unlike the conventional method of using an open land that can be seasonal, using a greenhouse to grow improved varieties of tomato will help you to yield more, reduce input and cost and maximize profit. It can be done all year round.
In 2016 when bacterial blight disease affected tomato farmers in the north which led to the scarcity of tomatoes nationwide, Nigerians knew how important and lucrative tomato farming is and many that have ventured into the business using modern technology are smiling to the bank.
Tomato can be grown anywhere in Nigeria as long as you have healthy soil and availability of water. In Nigeria, there are states that are well-known for growing tomatoes. They are;
- Bauchi State
- Taraba State
- Gombe State
- Kano State
- Zamfara State
- Jigawa State
- Sokoto State
- Katsina State
- Kaduna State
We have developed a standard tomato farming and processing business plan with 3 years financial analysis for you to use to raise fund or for personal use.
The business plan is developed to help you save money, time and energy and most importantly, raise fund to kickstart or scale your business up. Why waste time and energy to write a business plan that will take a couple of months to complete yet you won’t still get it right? Why not get our already developed standard tomato farming and processing business plan with 3 years financial analysis and make some changes to suit your needs?
When you get our standard tomato business plan with 3 years analysis, what you need to do is to change the name, contact details, company details, founders details and other info to suit your need and present it to anyone (bank, investor, grant competition etc).
The standard tomato farming and processing business plan is in MS words and the financial is in excel. so that you can deliver to your inbox immediately and you can easily change it to suit your needs.
NOTE: if you don’t like an already developed business plan (generic) and you need a tailor-made and a unique business plan to be developed for your business, kindly click here to check the different packages we have.
The 3 years financial includes startup cost, fixed monthly expenses, cash flow, income statements, balance sheets, sales projections, breakeven analysis, salaries and wages, ratio among other analysis.
Details About The Business Plan
Released/Last Updated Date: October, 2018
Format: MS Words and Excel(3 financial analysis)
Take a look at the table of content:
1) Table of Contents
2) Executive Summary: The summary includes introduction, products and services description, marketing and sales among others
3) Company Overview: this includes
- Mission Statement
- History and Current Status
- Markets and Products
- Keys to success
4) Product or Service description.
5) Industry and Market Analysis
- Industry analysis
- Market analysis
- Customer analysis
- Competitor analysis
- SWOT Analysis
6) Marketing Strategy
- Target Market Strategy
- Product/Service Strategy
- Pricing Strategy
- Distribution Strategy
- Advertising and Promotion Strategy
- Sales Strategy
- Marketing and saleS Forecasts
- Operations Strategy
- The scope of Operations
- Operating Expenses
- Development Strategy
- Development Timeline
- Development Expenses
- Company Organization
- Management Team
- Administrative Expenses
10) Summary of Financials
- Financial Assumptions
- Financial Forecasts
- Projected Cash Flow
- Income Statements
iii. Balance sheet
- Profit and loss
- Profit Margin, chart etc
- Financial Risks
Support for Product/Service Description (e.g., diagrams, pictures, etc.)
- Income Statement [3 years]
- Balance Sheets [3 years]
- Cash Flow Statements [3 years]
- Ratio Analysis [3 years]
- Other supporting financial statements
How to Access This standard tomato farming and processing business plan with 3 years financial analysis
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Account Number: 0051427747 (Current Account)
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WHAT CUSTOMERS ARE SAYING
I want to say a big thank you for the business plan you sent. The plan is rich and detailed and professionally developed as explained on your web page. In fact the plan worth more than price. I have gone through the financial template and I have made some changes to suit my needs and would present it to my banker next. Am I going to present it together with the financial template or should I only present the business plan?
I have gone through the financial template and I have made some changes to suit my needs and would present it to my banker next. Am I going to present it together with the financial template or should I only present the business plan?
Can I also send it for you to help me review the financial before I submit?
Mrs. Esther Enudi
If you have any question, don’t hesitate to call me on 07031542324