Oil Palm Plantation
Fresh Fruit Bunch & Fruitlets
Oil palm (Elaeis guineensis) is an important cash crop native to tropical region of West Africa. You can secure your future with investment in oil palm plantation and processing which has high capacity to generate long term revenue. Every part of oil palm is money. These economic trees have successfully been grown in Nigeria, Malaysia, Indonesia, Thailand, etc. Malaysia is well advanced in oil palm technology and has used oil palm to develop her economy over the years.  Oil palm has many derivatives; the two important value added products are palm oil & palm kernel oil, these products are useful ingredients used in Food, Cosmetics, Lubricant and Energy industries, as population increases, the demand for oil palm value added products in local and international markets will continue to soar, hence the need to start investing in oil palm plantation and processing.
‘Palm oil is one of best oil to consume and is as good as olive oil from health point of view, FAO recommends that oil should take the tune of 30% of calories intake each day’ said  Yusof  Basiron, CEO, Malaysian Palm Oil Council.
Other derivatives from oil palm include, wood, fuel substances, palm wine, woven basket, broom, PKC, stearin and host of others.
Tenera variety of oil palm produces high quantity of palm oil. You can get Tenera variety from NIFOR or any other input suppliers from N120 – N150 per seedling. You can also buy sprouted oil palm nuts and plant in a nursery bag to reduce cost. The seedling stays in the nursery for 12 – 18 months before it is planted in the field (9mx9m spacing) where it produces fruits 2.5 years later. The tree can grow up to 20 - 30m in height. With good agronomic practices and management, a mature tree bears 10-15 Fresh Fruit Bunch (FFB) in a year (that is, 10 - 20 kg & 1000 - 2000 Fruitlets) and a FFB costs about N150 or more, one hectare will accommodate 143 stands, then from one hectare you could make N268,125 on average in a year. The economic life of an oil palm tree is 20–30 years of its life-span of 200 years. Further processing into palm oil will increase accruable revenue. 4 - 7 tons of palm oil can be produce from one hectare per annum.  One ton of palm oil can sell for N150,000, then in a year you can make up to N825,000 on average. Imagine, what you will be generating from 50 - 100 hectares or even more.

Major equipment needed to set up 10MT/Day Oil Mill include, Bunch Stripper/Sanitizer; Steam Boiler; Sterilizers; Digester/Auto Screw Press; Cake Breaker; Fibre Separator/Cyclone; Nut Polishing Unit; Nut Recovering Unit; Oil Clarifier; Conveyor; Control Panel and Electric Motors. With one million Naira, you can acquire those assets from local fabricators.
Photo credit: Dike; Oil Mill
In Nigeria, several companies have been taking advantage of value chain opportunity in oil palm plantation. Some of value chain functions in oil palm include; Input supply (e.g. NIFOR [Tenera]; Presco Oil [IRHO Tissue culture]; Okomu Oil [Okomu-Sucfino]; Imo Palm [Costa-Rica] etc.) Production & Processing (e.g. Presco Oil; Okomu Oil; Rison Palm; Imo Palm, Golden Oil; Sudit Oil etc.) Supporting services (Hytech Engineering; Basicon Engineering; Integrated System Ltd, etc). Other value chain functions include, End market consumer; Wholesale, Retailing, Business environment and Business organization membership.