coconut oil production plant in lagos

Economics of Silviculture: Insights from Coconut Seedling

  • coconut oil production plant in lagos
  • coconut oil production plant in lagos
  • coconut oil production plant in lagos

Sustainable Practices in Coconut Oil Production: A OilCocos

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Coconut Oil Wholesale Sellers / Supplier Of Virgin Coconut Oil Extraction Line

  • Is coconut business profitable in Nigeria?
  • Currently in Nigeria, coconut business has become profitable which could be through reselling or packaging. And it is readily available. It is therefore, noteworthy that the pragmatic Governor Sanwo-Olu-led Lagos State government in collaboration with the Food and Agriculture Organisation, FAO, has begun the rehabilitation of its coconut belt.
  • Can Nigeria diversify its economic base from crude oil to agriculture?
  • In Nigeria’s bold bid to diversify its economic base from crude oil to agriculture, one economically viable plant to consider is Cocos Nucifera. That is the coconut palm of the family Arecaceae. It is cultivated extensively, mostly in tropical areas for its edible fruit, the coconut.
  • How much money does a coconut farm make in Nigeria?
  • Other states include Akwa Ibom, Delta, Edo, Ekiti, Ogun, Ondo, Oyo, Rivers and Taraba. In fact, Nigeria stands to earn over N20b yearly from coconut, derivatives where a 10 hectare farmland of hybrid coconut can earn revenue of between N16 million – N20 million annually for the next 30-60 years.
  • Will Nigeria become self-sufficient in coconuts?
  • Most of Nigeria has the perfect climate for growing coconuts and yet it imports 70% of the popular fruit, which is widely used as a snack, a drink and to make everything from oil to cosmetics. With demand for coconuts increasing both domestically and around the world, plans are now afoot to make Nigeria self-sufficient in coconuts.
  • Why is Nigeria planting coconuts in Badagry?
  • Last month Nigeria launched a coconut planting initiative in Badagry as part of a drive to promote the fruit as a cash crop. It's part of a wider plan led by the National Coconut Producers, Processors and Marketers Association of Nigeria (Nacoppman) to help the country become self-sufficient.
  • Is Nigeria spending a lot of money on coconut importation?
  • Unfortunately, Nigeria is spending a lot of money on coconut importation. According to Olakunlehin: “In 2016, Nigeria produced 283,774 metric tons of coconut and this increased to 288,615 mmt in 2018.By the nature of coconut, it has a long gestation period, about four to five years.

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