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Updates on Agribusiness
Completion
Festus Okunlola
11 May 2018
Agribusiness Completion Form
• 51 Applications received from
DRC, Kenya, Nigeria and Tanzania
• Additional 4 received and few
others expected from Uganda,
Zambia and other location
Observations
• Some businesses were over ambitious e.g. a revenue of $26,000 in 6
month for a star-up
• Benefit Cost Ratio of 3 to 10
• It’s good to start small and grow over time
• Some applications were not properly filled
• The maximum word per question was not adhered to
• Too much emphasis on Creation of employment for other youth in objective
• Financials not in USD
Key Elements in the Business Plans
• Risk
• Insurance cost to be factored in the business plans
• Revenue
• Profit Margin
• Market size
• Competitors
• Certification: NAFDAC and Lab Results
• Return for years 1, 2 and 3
Recommendations
• Refine our business plans with keen focus on the quick wins
• Corrections to be in tracked changes
• Update the application forms based on recommendations from
EKIMIKS
• Prepare a detailed work plan and budget of activities
• Operation
• Equipment
• Personnel
Technologies for Quick Wins
VC Sites Technologies
Bean 5 Seed bulking of climbing varieties, youth outreach, marketing, milling
Cassava 5 Cuttings of improved varieties, youth outreach, QCF production
Fish 8 Nursery, pond establishment, feed production facilities, processing
Livestock 7 Feed production facilities, fattening operations, poultry hatchery
Rice 2 Seed and grain production, youth outreach, marketing, milling
Maize 5 Seed and grain production, youth outreach, marketing, milling
Sorghum 2 Bulking improved varieties, input provision, marketing, milling
OFSP 3 Vine multiplication, field production, outreach, processing
Wheat 2 Irrigated wheat production in Northern Nigeria and Sudan
Total 39 Youth-led agribusinesses launched
VC = Value Chain
Moving Forward
• Share your updated business plans and applications by
Wednesday, 16 May 2018
• It should contain an Executive Summary that contains the vital
information as recommended
THANK YOU

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Update on agribusiness completion

  • 2. Agribusiness Completion Form • 51 Applications received from DRC, Kenya, Nigeria and Tanzania • Additional 4 received and few others expected from Uganda, Zambia and other location
  • 3. Observations • Some businesses were over ambitious e.g. a revenue of $26,000 in 6 month for a star-up • Benefit Cost Ratio of 3 to 10 • It’s good to start small and grow over time • Some applications were not properly filled • The maximum word per question was not adhered to • Too much emphasis on Creation of employment for other youth in objective • Financials not in USD
  • 4. Key Elements in the Business Plans • Risk • Insurance cost to be factored in the business plans • Revenue • Profit Margin • Market size • Competitors • Certification: NAFDAC and Lab Results • Return for years 1, 2 and 3
  • 5. Recommendations • Refine our business plans with keen focus on the quick wins • Corrections to be in tracked changes • Update the application forms based on recommendations from EKIMIKS • Prepare a detailed work plan and budget of activities • Operation • Equipment • Personnel
  • 6. Technologies for Quick Wins VC Sites Technologies Bean 5 Seed bulking of climbing varieties, youth outreach, marketing, milling Cassava 5 Cuttings of improved varieties, youth outreach, QCF production Fish 8 Nursery, pond establishment, feed production facilities, processing Livestock 7 Feed production facilities, fattening operations, poultry hatchery Rice 2 Seed and grain production, youth outreach, marketing, milling Maize 5 Seed and grain production, youth outreach, marketing, milling Sorghum 2 Bulking improved varieties, input provision, marketing, milling OFSP 3 Vine multiplication, field production, outreach, processing Wheat 2 Irrigated wheat production in Northern Nigeria and Sudan Total 39 Youth-led agribusinesses launched VC = Value Chain
  • 7. Moving Forward • Share your updated business plans and applications by Wednesday, 16 May 2018 • It should contain an Executive Summary that contains the vital information as recommended