In some countries such as Nigeria, the business of tomato paste and other types of tomato products is more profitable than other types of food staff. How much it is necessary for Nigerian businessmen to learn about the profitable export of tomato paste? The export of tomato paste in Nigeria is done in different types of packaging and metal tin is one of them. In addition, it should be noted that Nigeria is one of the most famous African countries in the field of tomato paste production and export. The Business Strategy for the Manufacturing of Tin Tomato Paste in NigeriaThis example business model for tin tomato paste manufacture in Nigeria can be utilized for the spectrum of uses, including those for grants and bank loans, as well as for writing proposals and taking part in competitions. Tin Tomato Paste Manufacturing Business Plan is a profitable venture that requires a significant amount of planning process before it can be started. You will also need the assistance of a business coach such as Dayo Adetiloye to get the Implementation process underway.
At the same time as it is the world's greatest supplier of tomato paste, Nigeria ranks as the world's 13th largest producer of tomatoes. Although approximately 200,000 Nigerian farmers produce over 1.5 million metric tonnes of tomatoes each year, half of their harvest is lost before it reaches the marketplace. The remaining 50% of their harvest is subject to significant downward pressure on price as a result of common gluts in the marketplaces and the consumable essence of the crop. The burden of both these post-harvest losses and this pricing volatility falls mostly on Nigeria's farmers, who are among the most financially vulnerable members of the country's population. Because smallholder tomato farmers do not have access to a reliable and substantial market for their goods, they are unable to generate a profit on a constant basis. As a result, they are disincentivized from increasing their crop yields or altering their farming practices. As a consequence of this, the domestic supply of fresh tomatoes is unable to satisfy the high demand in the region, which surpasses 2 million metric tonnes or $2.5 billion yearly. The nation spends $360 million yearly on imported tomato paste, which is equivalent to almost 300,000 metric tonnes, to meet the requirement for fresh tomatoes in its domestic market. It is estimated that Nigeria's population would increase from its current level of 170 million to more than 440 million by the year 2050.
Nigeria is currently the most populous country in Africa and the ninth most populous country in the world. Because of the country's heavy reliance on outside food sources, this has significant repercussions for the nation's ability to ensure its own food supply. It would be difficult for Nigeria to provide food for its population if the price of food on a worldwide scale rose dramatically and caused an increase in the cost of importing food, as it happened in 2007-2008. In general, the tomato processing business is exhibiting indicators of healthy expansion, such as a larger range of products and increased acceptance in the local market. Some of the factors that can contribute to a sustained high growth rate in this particular sector include a favorable ecological landscape, a growing numbers, a rising demand for packaged vegetables and fruits, and lower costs of the factor of production. All of these factors have been shown to be positively correlated with one another. Tomato paste, juice, ketchup, and other tomato-based products find common use in kitchens all over the world. Tomatoes are also a common ingredient in many dishes. Its demand has expanded extremely rapidly as a result of the increasing prosperity of people all over the world, which has led to the rapid expansion of the tomato market for the manufacturing of tomato paste and puree on a large scale. Despite this benefit, Nigeria imports processed tomato paste each year to the tune of 65,809 tons at a value of N11.7 billion ($77.167 million). The explanation for this is not a stretch of the imagination; at least half of the tomatoes that are grown in this country are thrown away because they cannot be preserved properly.
According to World Food Science, around 30–50 percent of the perishable produce that is grown is lost after harvest as a result of inadequate storage systems, weather conditions that are excessively humid, and ineffective marketing transmission and accessibility to markets. Between the months of October and April of 2019, the Nigerian managers of PATILAD WONDERS expect that their factory will have a processing capacity of around 1,500 tons of tomatoes per day. They intend to make the necessary preparations for the acquisition of skilled, semi-skilled, and unskilled labor, as well as housing for the plant, so that our company can achieve its goals. The advantages of utilizing Nigerian goods and services are as follows:The availability of a large variety of goods and items that can cater to the requirements of a diverse group of different types of individuals. The provision of high-quality goods accompanied by helpful service.Outstanding client care systems.Prices that are both fair and as cheap as they may be. The goods and services in questionPATILAD WONDERS will produce high-quality canned tomato products such as tomato paste, tomato ketchup, tomato sauce, and tomato juice for both domestic and international markets. The provision of superior customer service to both Nigeria's domestic and international clients is one of the country's primary goals. The following is a list of the products that they plan to offer:
- Tomato Paste
- Ketchup made with tomato
- Dried Tomatoes
- Tomato Powder
- Tomato juice with sauce
- Provide services overseas.
The Essentials for VictoryDeveloping a relationship of trust with one's clientele is one of the most important factors in the success of a legal practice. A team of knowledgeable employees who are experts in a wide variety of fields, all of which are complementary to one another.Large space within the facility with good visibility. The purpose of the business plan for the production of tin tomato paste in NigeriaTo provide services of a high quality and a delightful experience while maintaining competitive pricing. to develop products with the primary objective of exceeding the expectations of the clients.In a period of four years, to realize a net profit of $60,000. to improve both image and awareness through the establishment of baseline levels of one hundred percent customer satisfaction. The Tin Tomato Paste Manufacturing Business Model in Nigeria aims to accomplish the following:Within the first ten years of our company's existence, we want to establish ourselves not only as one of the most recognizable names in the tomato farming industry in the South West, but also as one of the top five tomato farmers in all of Nigeria. The objective of the business plan for producing tin tomato paste in NigeriaThe goal of this endeavor is to make tomato products available to the people of Nigeria.
They are aware that the quality of the customer service that we offer is of the utmost significance because they want all of their clients to have a positive experience with the products they sell. As a result, they instruct their employees to respond to inquiries with knowledge and to provide guidance whenever they believe that it is required. The Management Team of the Business Plan for the Production of Tomato Paste in Tin in NigeriaEMEKA Emekus has worked at a tomato processing facility for over ten years, and he will be able to put his extensive experience to use in this venture thanks to his extensive background in the field. In addition to being a successful businessman and entrepreneur, he holds a Bachelor of Science degree in Soil Science and a Master of Business Administration degree from a renowned institution of business education. (Bachelor of Agriculture, Master of Business Administration, and Project Management Professional) Mr. Dayo Adetiloye: He has over 15 years of expertise in managing businesses, including the dynamics of business start-ups, the administration of the company's finances, and the general expansion and development of businesses. He attended Pan African University's Lagos Business School and graduated from the Business Incubation Centre (EDC) of the Lagos Business School (LBS) (PAU). In addition to being a strategic partner, he is our company growth strategist.