Nigeria, C is for Coconut! The coconut is a very useful plant with a wide range of products being sourced from it- oil, water, clothing, animal feed, beauty products.
The coconut kernel is harvested for its edible flesh (coconut milk) and delicious/medicinal water.
Cocont husk also called coir is useful for many things especially for the strong nature of the fibers; can be used in Gardening and making Mat, Fishing Nets, Sack, Rope, Brush, Upholstery, Tile, Insulation, Mattresses, Arts among other things
The oil extracted from coconut are processed and marketed for culinary, medicinal, and cosmetic uses alike.
Coconut oil is Keto compliant for those into Ketogenic diet.
Opportunities in Nigeria and Africa
According to the global ranking for coconut production Tanzania ranks No 11 with 530,000 production capacity while Ghana is no 15 with 366,183 tons. (WorldAtlas 2018-04-19)
According to statistics gathered by African Harvesters Nigeria produce about 384,000 tons yearly. With over 1,000,000 ton demand in Nigeria, there are opportunities in the coconut value chain in Nigeria
Exploring the Coconut value chain (CVC)
Starting a business in the cvc, is not capital intensive. Coconut grows in about 26 states in Nigeria. There are about three major (variety) classification namely Tall West African Tree, Dwarf Tree and Hybrid Tree.
The Tall West African Tree variety costs 500 Naira. An average tree produces about 100 nuts per tree
Dwarf Tree variety costs 1000 Naira. An average tree produces about 200 nuts per tree
Hybrid variety costs 750 Naira. An average tree produces about 150 nuts per tree
Coconut is sold for 100 Naira each for commercial trading.
Opportunities in Value Addition includes baked coconut bread- the Lagos state government has carved a niche there, you too can explore. Coconut seedling production, Coconut Water and Oils are on high demand.