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How To Start lucrative Coconut Farming
In Nigeria
Coconut farming is the cultivation of coconut trees. Coconut
farming is one of the most profitable cash crop farming ventures
a farmer can do.
Coconuts, the primary derivative of coconut trees are consumed
by almost everybody in the world. Coconut farming in Nigeria is
done by farmers in the southern belt of the country. Though,
coconut palm trees can grow in both the northern and southern
parts of the country.
Before you venture into coconut plantation business in Nigeria,
you are advised to look into the different varieties of coconut
so that you can make an informed choice. You should know that
there are two main subgroups of coconut palms. These subgroups
are; Tall and Dwarf coconut palms. For commercial coconut
plantation business, you should make sure to use very high
yielding variety to increase productivity.
The cost of the hybrid dwarf coconut seedlings range from N1,500
– N2,500. You should be very careful when buying coconut
seedlings as there are very unscrupulous sellers in Nigeria.
The make the coconut plantation farming business in Nigeria more
enticing for you, there are genetically engineered varieties
that will guarantee you between 100-250 coconuts per tree per
year. This leads to the production of up to 17,000 coconuts per
acre. With these genetically modified coconuts in your coconut
plantation, you are sure of approximately 500 million liters of
coconut water, 200 coconuts per tree, and about 60% of coconut
oil production.
A hybrid coconut tree can produce between 80-200 coconuts
depending on your irrigation and fertilization practices. One
hectare of a coconut farm can have about 200 coconut trees (rain
fed). This means that you can harvest about 20,000 coconut trees
from one hectare and earn revenue of N1.6 million – N2 million
annually for the next 30-60 years depending on the variety
plated.
A 10 hectare farmland of hybrid coconut can earn revenue of N16
million – N20 million annually for the next 30-60 years
depending on the variety planted.
Target Market For Coconut In Nigeria
Consumers: Coconut is a popular ingredient used in many
traditional dishes and snacks in Nigeria and other African
countries. The coconut water and milk are also popular
beverages. Therefore, consumers are a significant target market
for coconut farmers and suppliers.
Food and beverage manufacturers: Coconut is a vital ingredient
used in the food and beverage industry. Food manufacturers use
it to produce products such as coconut oil, coconut flour, and
coconut milk. Beverage manufacturers use it to produce coconut
water and other coconut-based drinks.
Industrial users: Coconut shells are used in the production of
activated carbon, which is used in industrial processes such as
water treatment and air purification.
It is recommended that you fence your farmland borders, with
good access roads, irrigation systems, and other important
infrastructure that ensures maximum growth and development of
your coconut plantation. Get our training guide on Coconut Farming . Valuable resource information. By purchasing our resource information, you have given yourself a head-start in your entrepreneurial journey. The body of this work is formed from consulting experienced and relevant people running the Coconut Farming in Nigeria.
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