0

BOOKMARKS

4

READ

2

DOWNLOADS

8

VIEWS

0

REVIEWS

ENGLISH

ENGLISH

Patented Technology for Industrial Production of Bland/odorless Soy-Milk Powder…..

By Idika Agwu Aja

Summary

PATENTED TECHNOLOGY FOR INDUSTRIAL PRODUCTION OF BLAND/ODORLESS SOY-MILK POWDER, CAPABLE OF CREATING OVER 5,000 JOBS, ENGENDER GROWTH IN THE NON-OIL SECTOR AND ENHANCE FOREIGN EARNINGS IN LINE WITH THE BANKERS’ COMMITTEE EXPORT FACILITATION INITIATIVE OF APRIL 4, 2019.
Patented Technology for Industrial Production of Bland/odorless Soy-Milk Powder…..
 
0.0 (0 reviews)

Uploaded by: Idika Agwu Aja

Read Online

Your download will begin automatically, if it's taking too long click here

Share this entry

Abstract

According to July 2019 data from the Agriculture and Horticulture Development Board, Nigeria’s annual milk consumption is estimated to be 1.7 million tons, while local production is about 600,000 tons, giving a supply gap of 1.1 million tons. Current global price of whole milk powder used by milk producers in Nigeria is $3,100/ton. Going by the latest demand and supply data, Nigeria needs $3.41bn worth of milk to meet the 1.1 million tons shortfall ... (Punch Newspaper, September 24, 2019, Pg. 27).

The FG Forex restriction has even worsened the situation, at an exchange rate of N360/$, N1.23tn would be needed to fund the shortfall; $60.5m or N21.78bn more than what would have been required without the forex restriction.  This huge import bill is underpinned by the fact that the major producers import milk powder and reconstitute into liquid milk and other dairy products.  Even the call by the Apex bank for the producers to start producing milk locally as the country was spending too much on importation has not been able to address the situation, mainly because Nigerian cows for now have very low yield because of poor genetic composition, poor feeding practices and the laborious nomadic systems of breeding.

This feedstock restriction is not applicable for soymilk production as the major feedstock – soybeans are readily available.  Nigeria is the largest producer of soybean in sub-Saharan Africa with about 510,000 tons per annum. Its major producing states are Kaduna, Niger, Kebbi, Nasawara, Kogi, Kwara, Jigawa, Taraba, Borno, Benue, Bauchi, Sokoto, Lagos, Zamfara, Abuja FCT, etc.

Above and coupled with the global benefits (espoused in the 'overview’ hereunder) derivable from setting up this bland/odorless soymilk production plant, having the plant in Nigeria is also in line with the recent government Export Facilitation Initiative espoused by the Bankers’ Committee at its 343rd meeting held on April 4, 2019; to “Complement government efforts to engender growth in the non-oil sector of the economy as well as enhance foreign earnings and employment generation.”

About the Author

Idika Agwu Aja

Idika Agwu Aja

Reviews

No reviews yet.

Add Review