How to start an oil palm plantation business in Nigeria?
Because you are starting an oil palm plantation business, you definitely need a large area of land. This can vary from a few acres of land to many hectares of land, depending on the scope of your business. The first most important factor to consider when acquiring the land in Nigeria for your oil palm plantation is the nature of the soil.
Is palm oil processing a big business in Nigeria?
Palm oil processing and its distribution in Nigeria has become big business. This is characterized by the many new entrants investing with the hope of reaping considerably profits. With the zeal to invest comes the need to put the necessary structures in place. These structures essentially guide the business to profitability and stability.
What is a business plan for palm oil production?
A business planfor palm oil production typically includes an executive summary, company overview, market analysis, production process, marketing and sales strategy, operational plan, financial projections, and risk assessment. Read Also: [Pdf Sample] Business Plan For Spinach Farming Docx
How important is palm oil for the Nigerian economy?
Despite the importance of palm oil for the Nigerian economy (Gharleghi and Chan, 2013; Bassey, 2016), the genetic origins, nutrient uptake, nutrient use efficiency, plant growth, and plant production performance of Nigerian oil palms are poorly documented.