Nigeria is one of the largest producers of palm oil in the world, with 80% of the country's production coming from smallholder farmers. The traditional steps of palm oil production in Nigeria include:
- Harvesting palm fruits from trees
- Collecting palm fruit bunches
- Breaking the bunches into smaller pieces called spikes
- Removing palm fruits from the spikes
Boiling
Some of the challenges in the development of the palm oil sector in Nigeria include:
- Lack of access to high-quality inputs such as fertilizers and planting materials
- Unreliable distribution of inputs to farms
- Weak systems to identify farmers in need of subsidized inputs
- Land issues related to land ownership or long-term leases
- Expansion of palm oil plantations threatening the rainforest ecosystem
Growth in palm oil production in Nigeria has largely stagnated in recent years, while local demand has increased. This creates a gap between supply and demand that can be a profitable investment opportunity.
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