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Nigeria: Food and Beverage Sector Records 50 Percent Capacity Utilisation
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Vanguard (Lagos)
22 May 2008
Posted to the web 22 May 2008
Franklin Alli
Lagos
The capacity utilisation in the food, beverage and tobacco sub-sector is now peaking at 50 per cent, making it the most developed in the manufacturing sector today Capacity utilisation is the rate at which manufacturing companies are able to use their raw materials in the installed capacity for production.
The Minister of State for Commerce and Industry, Ahmed Garba Bichi, who disclosed this rating at a public forum, said "while these groups achieved a capacity utilisation of 50 per cent between 2004 to2006, others such as textiles, wearing apparel and leather, chemical and pharmaceuticals and motor vehicles, etc recorded a capacity utilisation of less than 50 per cent."
He said "Taking into consideration the agrarian background of the nation, the food, beverage and tobacco sub-sector is perhaps the most developed in the manufacturing sector of the economy in terms of huge investment committed to it over the years.
Even at its present state, a lot of investment opportunities still exist in the sub-sector due to Nigerian's comparative advantage and potential for the production of all primary raw materials required in the sub-sector and the apparent shortage of capacity to meet the demands of existing industries.
The sub-sector diversified into many industries ,which produce cereals ,flour and bakery products, animal feeds, fruits an vegetables, meat ,fish and poultry, dairy products, roots and tubers, beverages, sugar and confectioneries etc.
Besides the manufacture finished products the sub-sector is presently attracting investment into the production of intermediate inputs in order to process farm produce to the specific needs of finished products manufacturers. Such intermediate goods includes cassava derivatives like chips, adhesives gums glucose syrup, fruit juice concentrate, soyabean and groundnut cake.
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The food, beverage and tobacco sub-sector along with related sub-sectors in the agro - allied industry have recorded a steady growth capacity utilization in the manufacturing sector in recent times.
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