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.
What is palm oil business plan in Nigeria?
Industry: Agriculture (Crop Farming; Palm Oil Production and Processing Business plan in Nigeria) Farms is an Integrated Palm Oil Production and Processing Farm operating in hygienic and pure production and processing of prepared palm oil targeting Ebonyi state, Southeast Nigeria, the entire nation and ?nally the export market.
Is it profitable to produce palm oil in Nigeria?
In Nigeria, palm oil production is profitable. The maximum annual yield of palm oil per hectare is estimated to be 8 tons. Farmers earn approximately 3.4 tons of profit per hectare per year. Okomu Oil Palm Company is the largest producer of palm oil in Nigeria.
How can I become an oil palm farmer in Nigeria?
To become an oil palm farmer in Nigeria, you need to acquire farmland, acquire palm seedlings, prepare the farmland, plant, care for the plants, and manage the farm. Considering the high demand for oil palm products for everyday use, this is a viable business opportunity.