INFONET SYNERGY BUSINESS CONSULTANCY

AND GENERAL SERVICES NIG.LTD

No 119 GAMA BRIGADE NASSARAWA

07048384919

BUSINESS PROPOSAL

FOR

SOYA BEAN AND SOYA BEANS PRODUCTS

 DEVELOPMENT OBJECTIVE

The Federal Government's policy of developing the economy's non- ‐oil capacity, as oil capacity, as
prompted by the project's development goal/ objective is to contribute to the nation's
focus on soya bean and its products as a potential major export commodity that
generates foreign exchange.

BACKGROUND OF THE COMPANY

INFONET SYNERGY IS FULLY REGISTERED WITH COORPORATE AFFAIRS COMMISSION WITH THE “R.C
NUMBER 1756077” AND NIGERIAN EXPORT PROMOTION COUNCIL WITH “N.E.P.C REG.NO: 0014107” AND
FREE TO OPERATE IN OUR TARGET MARKET, THE COMPANY IS LOCATED IN NASSARAWA LOCAL
GOVERNMENT AREA OF KANO STATE NIGERIA.
IT’S FOUNDER ABDULLAHI SHEHU SANI HAS BROUGTH TOGETHER A HIGHLY RESPECTED GROUP OF
INDIVIDUALS WHO ARE WELL EXPERIENCE IN OVER SEAS TRADE PROCESSES . HOWEVER, BEING NEW IN
THE BUSINESS, INFONET SYNERGY WORKS IN PARTNERSHIP WITH STRONG PARTNERS TO THIS
PARTICULAR SERVICE.
FURTHERMORE, THE COMPANY HAPPEN TO CHOOSED SOYBEANS AND IT’S PRODUCT AS ITS REGISTERED
COMMODITY OF EXPORT BEING IN KANO ONE OF THE LARGER PRODUCER OF SOYA BEANS IN
NIGERIA.HOWEVER, AS SOYBEANS ARE AMONG THE FEW COMPLETE PROTEIN VEGETABLES –BASED
FOODS WITH NINE ESSENTIAL AMINO ACIDS. FOR THIS REASONS THE SOYBEANS HAS BECOME AN
IMPORTANT SOURCE OF HUMANS AND ANIMALS PROTEIN. RECENT COSUMER TRENDS SUGGEST A SHIFT
IN DIETARY PREFERENCE IN EUROPES AND OTHER DEVELOPED COUNTRIES TOWORD CHOOSEN PLANT-
BASED PROTEIN PRODUCT AS A SUBSTITUTE OF MEAT.
MORESO, THE MARKET FOR SOYBEANS HAS BEING STEADILY RISING AND THIS HAS LED TO COMPANIES
EXPANDING MONEY INTO REASERCH AND DEVELOPMENT OF NEW AND BETTER PRODUCT TO SATISFY THE
CUSTOMER DEMAND FOR DIFFERENT FOOD PRODUCT.

Target beneficiaries;

Local and international markets are the targeted beneficiaries.

Given that more hands are employed in downstream operations and the value of
thefinal product is much higher than exporting raw commodities the EEFP project will
introduce value-‐oil capacity, as added downstream processing & packaging to enhance the value
 Chain & job opportunities

Project Strategy for EEFP;

The strategy of the EEFP project is to develop the capacity of the company on
theprocurement of Soya bean from the primary producers, storage and value
addition for both local and international market and introduction of mechanized
operations, high yielding Soya bean varieties.
The EEFP project will introduce value-‐oil capacity, as added downstream processing and
packagingto enhance the value chain and job opportunities, given that more
hands are employed in downstream operations and the value of the final product
is much higher than exporting raw commodities.

Project description

To increase foreign exchange earnings and GDP the EEFP grant will provide
animportant avenue for tapping and realizing the export potential of Soya bean in
Nigeria.

The EEFP grant envisages the provision of common facility centre for sorting,
slicing,drying, storing and quality control. As much as possible, the processing will
take place in the state, since more jobs are created through downstream value
added activities.
 IMMEDIATE OBJECTIVES

To increase and improve the company’s capacity to procure raw Soya bean
from thelocal market and further process for export market
Secondly to make research on the export market by going for export market survey
insome selected African countries and Middle East to create a sustainable market
niche for the product.
To create a central point for commercial farmers and businesspersons with
theexpertise to spearhead the development of the export potential of Soya
bean.

OUTPUTS

1. Conduct a market assessments survey in some local markets where production of

soya bean is high.
2. A market study on the Africa countries, Europe and Asian market for soya beans and
its products.
3. A feasibility report on the production development of Soya bean in the Africa
countries ,Europe and Middle East market
 ACTIVITIES

1. Marketing meeting / interaction organized and list of major producers of

2. A comprehensive report on Soya bean in Africa ,Europe and the Middle
East Markets generated
3. A marketing mission and tour to be undertaking in the identified target
markets

KEY PERFORMANCE INDICATORS

Success criteria

1. The success criteria are determined by sustainable export business transaction across
the targeted markets.
2. The company up-‐oil capacity, as scaled production to its maximum annual production capacity.
3. Increased in the annual production of Soya bean among producing areas and
markets

RISK ASSESMENT

Covid 19 pandemic.
Government policy affecting export trade.
 BASIS & PRESUMPTIONS

This project is based on single shift basis and 300 working days in a year.

The costs of machinery & equipment /materials indicated refer to a particular make and the
prices are approximate to those prevailing at the time of preparation of this profile.

The cost of packaging, forwarding tax etc and installation electrification of machinery is
taken at 25% and non-refundable deposits, project cost, trial

production, fees etc are considered under pre-operative expenses.

Depreciation has been taken as an –

a) On building at 5%

b ) On machinery & equipment at 10%

c) On office furniture & fixture at 20%

Interest on total capital investment has been taken at 14% per annum.

Minimum 40% of the total investment is required as margin money.

It is presumed that that 1 kg of soya bean may yield 7.5 litres of soya milk

and 1litre soya milk can be converted into 200 gm. of soya cake
Financial aspect

Sl. Particulars of Machines Qty. Amount

No. (Nos.) (NGN.)

1. Soya Machine for soya milk and cake 1 4,000,000.00/-

consisting of grinder cooker, Manual Boiler, Filter
Press, cake Box, cake Press, Tools, Flushing Chamber

2. Deodorizer 1 1,000,000/-

3. Vacuum Packaging Machine 1 1,25,000/-

4. Freezer at 25,000/- 2 500000-
5. Pouch Sealing Machine 1 1000000-

6. Tables with AL Top at 10,000/- 3 300000-

7. Plastic Trays/Tubes and other misc. items. LS 15,00000-

8. Water Storage Tank 1 300000-

Total: 8725000-

iii) Packaging, forwarding, Tax etc. 1500000-

iv) Electrification and installation at 10% 1000000-

v) Office Furniture and Equipments 400000-
vi) Pre-operative Expenses 500000-
Total Fixed Investment (ii to vi): 3400000-

B) Working Capital (Per Month):

(i) Personnel (Salary & Wages):

Sl. No.Designation No. Total (NGN.)

Manager 1 100000/-

Skilled Workers 2 60,000/-

Unskilled Workers 3 40,000/-

Sweeper 1 20,000/-

TOTAL 220,000
 Raw Material:

Sl. Item Qty. Rate (NGN) Value (NGN)

No.
1. Soya bean 500tonnes 50/-Kg. 15000000-
2. Chemical s, flavours colour and other LS - 2000000-
material etc.
3. Packaging material for milk
and cake LS - 1000000-

Total: 18,000000-

(iii) Utilities:

500000-
1. Power
500000-
2. Fuel/LPG 200000
3. Water Total:
N1,200000

(iv) Other Contingent Expenses (P.M.):

 1 Rent 700,000-
2 Postage & Stationery 500,000-

3 Consumable Store 100,000/-

4 Repairs and Maintenance 50000/-

5 Advertisement & Publicity 200,000/-

6 Sales Expenses 50000/-

7 Telephone/Mobile 5,000/-
8 Miscellaneous Expenses 10,000/-
Total: 161,5000-

TOTAL CAPITAL REQUIRE FOR THE BUSINESS NGN33,160000