FINANCIAL FEASIBILITY STUDY OF FIVE BROWN SUGAR MINIPROCESSING FIRMS IN NIGERIA

• <p> TABLE OF CONTENTS                          Page Decleration…………………………………………………………………………………… i Certification…………………………………………………………………………………. ii Dedication…………………………………………………………………………………… iii Acknowledgement………………………………………………………………………… iv Abstract……………………………………………………………………………………… v-vi&nbsp;</p><p>Table of Contents………………………………………………………………………. vii-xii</p><p>&nbsp;List of Tables…………………………………………………………………………….. xiii-xvii&nbsp;</p><p>List of figures………………………………………………………………………… xviii&nbsp;</p><p>List of Plates……………………………………………………………………………… xix</p><p>&nbsp;List of Appendices……………………………………………………………………… xx&nbsp;</p><p>

Chapter ONE

INTRODUCTION

• PROJECT BACKGROUND 1-6&nbsp;</p><p>&nbsp;
• 1.1Problem Statement……………………………………………………………….. 6-7&nbsp;</p><p>
• 1.2Objectives of the Study……………………………………………….. ………... 8&nbsp;</p><p>
• 1.3Justification for the Study……………………………………………. …… . 8-9&nbsp;</p><p>
• 1.4Hypothesis of the Study……………………………………….……………. 10&nbsp;</p><p>CHAPTER II: LITERATURE REVIEW 11-52&nbsp;</p><p>
• 2.1Sugar Production in the World…………………………………………… 11&nbsp;</p><p>2.
• 1.1Brazil……………………………………………………………………………. 11-12</p><p>&nbsp;2.
• 1.2Thailand…………………………………………………………………………. 12&nbsp;</p><p>2.
• 1.3India…………………………………………………………………………….. 12-13&nbsp;</p><p>2.
• 1.4China…………………………………………………………………… …………. 13&nbsp;</p><p>2.
• 1.5Cuba………………………………… ……………………………………………… 13-14&nbsp;</p><p>2.
• 1.6North America……………………………………………………………………. 14&nbsp;</p><p>2.
• 1.7Egypt……………………………………………………………………………………. 15&nbsp;</p><p>2.
• 1.8Sudan …………………………………………………………………………………15-16&nbsp;</p><p>
• 2.2The World Sugar Market………………………………………………………. 17-19&nbsp;</p><p>
• 2.2Sugarcane / Sugar Production in Nigeria………………………… 19-24&nbsp;</p><p>
• 2.3Nigerian Sugar Consumption Trend………………………………………… 24-26&nbsp;</p><p>
• 2.4Indigeneous Sugar Processing Technology in Nigeria……………… 26-29&nbsp;</p><p>
• 2.5Likely Reasons for the state of Sugar Situation in Nigeria……………29-34&nbsp;</p><p>2.
• 5.1Demand side ( Consumption)……………………………………………… 29-31&nbsp;</p><p>2.
• 5.2Production (Supply Side)……………………………………………… 31-34&nbsp;</p><p>
• 2.6Sugar Research and Development in Nigeria………………………… 34-35&nbsp;</p><p>
• 2.7Constraints Identified for the Dismal Performance of the Nigerian Sugar Industry……………………………………………. …… 36-37&nbsp;</p><p>
• 2.8Potential Impact of the Sugar Industry on the National Economy 38-39&nbsp;</p><p>
• 2.9Review of the Empirical Studies ………………………………………….. 39-40&nbsp;</p><p>10
• 2.10Review of Analytical Tools………………………………………………… 40-52&nbsp;</p><p>2.
• 10.1Descriptive Statistics………………………………………………………. 40&nbsp;</p><p>2.
• 10.2Simple rate of Return (SRR)…………………………………………………41-42&nbsp;</p><p>2.
• 10.3Pay-Back-Period (PBP)……………………………………………………. 42-43&nbsp;</p><p>2.
• 10.4Benefit-Cost-Ratio (BCR)………………………………………………… 43-44&nbsp;</p><p>2.
• 10.5Net Present Value (NPV)………………………………………………. . 44-45&nbsp;</p><p>2.
• 10.6The Internal Rate of Return (IRR)…………………………………….. 45-47&nbsp;</p><p>2.
• 10.7Sensitivity Analysis Test..…………………………………………………. 47-52&nbsp;</p><p>CHAPTER III: METHODOLOGY 53-62&nbsp;</p><p>
• 3.1Study Areas………………………………………………………………………….. 53-55&nbsp;</p><p>
• 3.2Sampling Techniques……………..……………………………………………. 55-56&nbsp;</p><p>
• 3.3Methods of Data Collection…………………………………………………… 56-57&nbsp;</p><p>
• 3.4Analytical Techniques……………………………………………………………… 57-62&nbsp;</p><p>3.
• 4.1Descriptive Statistics……………………………………………………………… 57&nbsp;</p><p>3.
• 4.2Undiscounted cash flow meassures……………………………………….. 57-58&nbsp;</p><p>3.
• 4.3Discounted Cash flow Model………………………………… …. 58-60&nbsp;</p><p>3.
• 4.4Sensitivity Analysis Test……………………………………………………..61-62&nbsp;</p><p>CHAPTER IV: RESULTS AND DISCUSSION 63-126&nbsp;</p><p>
• 4.1Availability of Sugarcane Land in Nigeria ……………………………… 63-65&nbsp;</p><p>
• 4.2Yield per hectare Recorded across the Study Areas…………………66-67&nbsp;&nbsp;</p><p>
• 4.3Simple Rate of Return (SRR)……………………………………………. 68-73&nbsp;</p><p>
• 4.4Inputs for Mini-Cottage Brown Sugar Processing Firm…..………… 73-87&nbsp;</p><p>
• 4.5Pay-Back-Perod (PBP)………………………………………………………… 88-89&nbsp;</p><p>
• 4.5Benefit-Cost-Ratio (BCR), Net Present Value (NPV) and Internal Rate of Return (IRR)………………………………………….. 90-97&nbsp;</p><p>4.
• 5.1Benefit-Cost-Ratio (BCR) ………….………………………… …. 90&nbsp;</p><p>4.
• 5.2Net Present Value (NPV)…………………………………………… 90-91&nbsp;</p><p>
• 4.
• 5.3Internal Rate of Return (IRR……………………………………… 91-99&nbsp;</p><p>
• 4.7Sensitivity Analysis...………………………………………………… 98-126&nbsp;</p><p>4.
• 7.1Sensitivity indicators and Switching Values on NPV and IRR ……………………………………………………….. 125-126</p><p>&nbsp;SUMMARY, CONCLUSION AND RECOMMENDATIONS 127-131&nbsp;</p><p>
• 5.1Summary………………………………………………………………………… 127-129&nbsp;</p><p>
• 5.2Conclusion………………………………………………………………………… 129&nbsp;</p><p>
• 5.3Recommendations …………………………………………………………… 129-131&nbsp;</p><p>REFERENCES -132-143&nbsp;</p><p>Appendix……………………………………………….......................…………… 144-152&nbsp;</p>