Global Advanced Research Journal of Management and Business Studies (GARJMBS) ISSN: 2315-5086 January 2013 Vol. 2(1), pp 050-055
Copyright © 2013 Global Advanced Research Journals
Original Research Articles
Green Tea Processing in Nigeria and its Economic Implications
Aroyeun, S.O*, Shittu, T. R, and Yahaya, A. T, Sowunmi F.A, Odumbaku L.A, Okelana, F.A and Akoroda M.O.
Cocoa Research Institute of Nigeria, Ibadan. PMB, 5244, Ibadan
Correspondence author Email: aroyeun2000@yahoo.co.uk
Accepted 23 August 2012
Abstract
In this study, attempt was made to process Green Tea using local processing Technology as recommended by the Chinese method. Fresh tea leaves were plucked, fixed, rolled and dried under the sun. Physical and Chemical analysis of the processed green tea were carried out using standard methods. Economic Analysis of the Green Tea were also carried out using the method involving Investment Decision model comprising Net Present Value (NPV), Benefit-Cost Ratio (BCR) and internal Rate of Return (IRR). Our results showed that the green tea produced conformed to ISO standard for good quality Green Tea. The range of moisture content was 4.11-7.00%, Crude Fibre (4.37-20%), water extracts (21.7-43.6%) and the caffeine in the range of 1.00 - 1.29%. The economic Analysis carried out indicated the profitability as shown in the values of the NPV, IRR, and BCR which were N13,928,856.02, 27.19% and 2.25 respectivelyIn conclusion, the diversification into Green Tea processing will create a new opening for tea farmer who has hitherto relied on more capital intensive black tea processing with lesser profitability.
Keywords: Green Tea, Investment decisions, Benefit cost ratio, Net present value, IRR
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