Black Soap Production in Nigeria; The Feasibility Report.

Published - 18 Feb, 2019| Analyst - Foraminifera Market Research Limited| Code - fora/2019/sppaocalbk/373

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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 eighty (180,000,000) million and per capita consumption of thirty (30) tablets, the national demand for soap is estimated at five million (5,000,000) tablets per annum.

Black Soap is obtained from saponification reaction of fat and alkali. Various raw materials such as tallow, lard, coconut oil, palm oil, palm kernel oil are used for soap production.

It is a popular body washing product with additional advantages over normal toilet soaps; having moisturizing and healing effects on the skin caused by exposure to sun and bacteria or fungi. They are therefore, indispensable items as a daily requirement in homes.

The project is both technically and economically viable. The production technology is simple and the equipments are locally fabricated. The raw materials are readily available.

The production plant comprises of Soap Reactor, Cutting Machine, Stamper, Mould, Scale, Wood Pallets, Accessories, Generator and Project Vehicles.

The estimated production capacity of the plant is eight hundred (800) litres or four (4) drums or twenty-six thousand, four hundred (26,400) tablets of black soap per day at ninety percent (90%) of the installed capacity for three hundred (300) working day producing about eleven thousand, eight hundred and eighty (11,880) catons of one hundred (100) pieces of one hundred and fifty (150) grams pack of black soap bi-monthly.

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

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 Critical Success Factor of the Business 1.5 Current Status of Business 1.6 Description of the Business Industry 1.7 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

Project Specification:

Plant Capacity: Twenty-six thousand, four hundred (26,400) tablets of black soap per day
Capacity Utilization: Ninety percent (90%)
Loan Tenor: Twenty-four (24) months
Interest Rate: Twenty-five percent (25%)
Moratorium: Two (2) months

Additional Info

Report Type: feasibility report
Formats of Delivery:
No. of Pages: MS Word - 30 pages and Excel - 6 pages
Report Code: fora/2019/sppaocalbk/373
Publisher: Foraminifera Market Research Limited
Price: ₦30,000
Release Date: 18 Feb, 2019 Updated quarterly.
Language: English
Delivery time: Within twenty-four (24) hours.

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