INTRODUCTION/BACKGROUND OF THE BUSINESS.
The main economic significance of the proposed agribusiness (ABC Farm)
is its contribution towards narrowing down the grasscutter and snail meat
demand-supply gap deficit in Nigeria as well as the supply of proteins and
micronutrients for feeding the teeming population of Ogun State and
Nigeria at large. The farm aims specifically at live weight grasscutter
breeding, rearing and production of hatched snails, mature snails to boost
the domestic meat supply in the country and for export purposes too. The
cost benefit analysis below has shown that over 1.6 tons of grasscutter and
0.5 tons of snails are realizable in six -twelve months of production with
a net profit of about NGN5.0m. This implies that about NGN10.0m is
realizable annually from two production cycles with a return on investment
(ROI) of 50% which signifies that the business is very much Feasible,
Viable and Profitable.

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