Bathing Soap Production in Nigeria; The Feasibility Report.

Soap is the traditional washing compound made from the saponification of oil fats and caustic alkali. Commercially, the fat is sourced from tallow, lard, palm oil, palm kernel oil, coconut oil, marine oil, etc. Although at present, palm oil and palm kernel oil for the local soap making in Nigeria are readily available, nearly all the alkali for soap making is imported.

Soaps are cleaning products that have become an essential part in our daily lives. Cleaning products play an essential role by safely and effectively removing dirts, germs and other contaminants, and thus promote a hygienic lifestyle. There are therefore, indispensable items as a daily requirement in homes, offices, schools, hospitals, restaurants etc

The product is in great demands in Nigeria. Considering the estimated national population of one hundred and seventy-five (175,000,000) million and per capita consumption of 30 tablets, the national demand for soap is estimated at 4,950 million tablets per annum.

This report seeks to examine the financial viability or otherwise of establishing a toilet soap production plant in Lagos, Nigeria.

The production capacity of the proposed plant is one hundred (100) kg of one hundred and twenty-five (125 g) gram tablets of toilet per hour and comprises of the mixer, plodders/extruders and soap stamper. The raw materials required for production is soap noodles, fragrances, coloring agent, wrappers and cartons.

The plant would operate at seventy (70%) percent of the installed capacity and would operate for eight (8) hours per day in three hundred (300) working days per annum.

Based on the above assumptions, the plant would produce four thousand, four hundred and eighty (4,480) pcs of one hundred and twenty-five (125 g) gram tablets of toilet soap per day.

Table of Contents

EXECUTIVE SUMMARY 1.0 Business Overview 1.1 Description of the Business 1.2 Vision and Mission Statement 1.3 Business Objective 1.4 Value Proposition 1.5 Critical Success Factor of the Business 1.6 Current Status of Business 1.7 Description of the Business Industry 1.8 Contribution to Local and National Economy 2. Marketing Plan 2.1 Description of product 2.2 Product Packaging and delivery 2.3 The Opportunity 2.4 Pricing Strategy 2.5 Target Market 2.6 Distribution and Delivery Strategy 2.7 Promotional Strategy 2.8 Competition 3. Production Plan 3.1 Description of the Location 3.2 Raw Materials 3.3 Production Equipment 3.4 Production Process 3.5 Production Cost 3.6 Stock Control Process 3.7 Pre-Operating activities and expenses 3.7.1 Operating Activities and Expenses 3.8 Project Implementation Schedule 4.0 Organizational and Management Plan 4.1 Ownership of the business 4.2 Profile of the promoters 4.3 Key Management Staff 4.3.2 Management Support Units 4.4 Details of salary schedule 5. Financial Plan 5.1 Financial Assumption 5.2 Start Up Capital Estimation 5.3 Source of Capital 5.4 Security of Loan 5.5 Loan Repayment Plan 5.6 Profit and Loss Analysis 5.7 Cash flow Analysis 5.8 Viability Analysis 6.0 Business Risk and mitigation factor 6.1 Business Risks 6.2 SWOT Analysis

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