Why To Start A Profitable Garri Processing Plant In 2016?-Cassava Garri Market potentials

Cassava Garri Machinery,Cassava Gari Processing Plant,Cassava Garri Factory

As we all know that,the eleconomy is down in Nigeria in 2016,because of the oil crisis.Most invester have to stop to invest the garri machine because of the dollar exchanging rate.But how to say?Every crisis lucks a opportunity. Now the garri market potential for garri is huge and stable. Why? 

Everyday some African or Nigerian somewhere is consuming the garri product. Garri flour products, especially eba and the soaked version, are consumed everyday from huts in the villages to mansions in the city. The market includes everyone: students, workers, men, women, children, the elderly and so on. The market value of garri products runs into billions of dollars every year. This market has continued to grow as many are converted to eating garri or making it part of their staple food. The West African market, for instance, is close to 300 million people. Nigeria is about 170 million people and 75% fall into the effective demand bracket consuming at least a 5-litre bucket of garri flour every week. If this 75% is a 5-member family, we are talking about (75% x 170,000,000=127.5 million/5=25.5 million families). If each family pays N400 for a 5-litre bucket of garri every week, then the market potential is 25.5 million times N400, which equals N10.2 billion worth of garri being consumed every week from our open markets. If for any reason, 50% of this capacity is true, we are still talking about N5.1 billion worth of garri flour eaten every week. Now tell me, doesn’t this business have a huge financial potential? It does!