Oil Palm Plantation Business | Wealth Creation

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griculture is a major branch of the economy in Nigeria that provides employment for about 70% of the population. And it also provides lots of both cash and export crops. Oil palm is a very good agricultural crop that seems to be all round important trying to give a closer look to all its part, like the fruit, palm frond, the shell and all other parts of the crop are useful.

There are some countries that depend on the production of palm oil for exportation and make billion tons of palm oil which will produce a huge sum of money for the country. You can imagine an entire nation depending on the exportation of palm oil for survival which shows that there is a lot of revenue in the palm oil plantation business. Nigeria as a country use to be one of the biggest countries in the producing of palm oil in the past but recently has dropped down maybe because of the boom in the oil sector.

Palm oil is the red oil extracted the palm fruit and palm kernel oil also gotten from the palm fruit. Most people like using palm oil (red oil) for cooking rather than using the vegetable oil because of the low content of cholesterol and it is healthy cooking oil. Did you know that palm oil is sold in both the local and international markets?

In palm production, there a some varieties of palm that starts producing just after two years of planting, why am trying to bring this to the knowledge of most Nigerians is because most people are ignorant of it they do think that it take long time before you can start harvesting so for that reason most Nigerian farmers shy away from this lucrative agricultural business that is capable of fetching millions of naira per annum.

If you are able to start your own palm plantation business this year, this means that in two years time you will start harvesting your palm produce and see your financial improvement from two years from now.

Are thinking of how to commence this palm oil plantation business? Then you can look for a suitable land if you have none, the Nigerian soil is good for palm plantation business most especially the western and eastern part of the country. After seeking for a suitable land, you prepare the land more suitable for planting operation by removing hard roots, loosen the soil.

In palm production, you can germinate your own seed by making a nursery bed paying attention seeds. Germinated seeds are then transferred into a small plastic container with black loam manured oil. The young seedlings will be allowed to stay in the container for about 4 to 5 months. The seedlings in the nursery is allowed to remain in the nursery for at least one year, but at this time it must have gotten up to 15 leaves before you can finally transplant them into the already prepared farm land.

For quick planting you can go places where you can buy already prepared seedling depending on the amount per seedling, this will require a lot of money, but germinating your seed is cheaper though takes a long period before you can transplant your own seed.

Palm planting is preferably done at the rainy season for the soil to have plenty of water to sustain the young palm, considering the spacing gap between each palm plant because at the time of maturity its frond will spread all over the place.

Just as every other businesses needs money to keep it growing same way it is required that you maintain it by clearing the bushes while you wait for your production after two years of planting.

If you have good quantity of palm oil, selling it is not going to be difficult because it is always in high demand, both in the local and foreign market and one can make a very huge amount of millions per annum from the sale of palm oil produce.

So you can start up your own palm oil plantation business today and in two years to come you will starting harvesting you palm produce and generating cash all round the year.