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  • Is coconut business profitable in Nigeria?
  • Currently in Nigeria, coconut business has become profitable which could be through reselling or packaging. And it is readily available. It is therefore, noteworthy that the pragmatic Governor Sanwo-Olu-led Lagos State government in collaboration with the Food and Agriculture Organisation, FAO, has begun the rehabilitation of its coconut belt.
  • How much money does a coconut farm make in Nigeria?
  • Other states include Akwa Ibom, Delta, Edo, Ekiti, Ogun, Ondo, Oyo, Rivers and Taraba. In fact, Nigeria stands to earn over N20b yearly from coconut, derivatives where a 10 hectare farmland of hybrid coconut can earn revenue of between N16 million – N20 million annually for the next 30-60 years.
  • What is coconut coir?
  • Coir, also called coconut fibre, is a natural fibre extracted from the outer husk of coconut and used in products such as floor mats, doormats, brushes, and mattresses. Coir is the fibrous material found between the hard, internal shell and the outer coat of a coconut”.
  • Is Nigeria spending a lot of money on coconut importation?
  • Unfortunately, Nigeria is spending a lot of money on coconut importation. According to Olakunlehin: “In 2016, Nigeria produced 283,774 metric tons of coconut and this increased to 288,615 mmt in 2018.By the nature of coconut, it has a long gestation period, about four to five years.