Introduction

The raffia palm tree (Raphia hookeri) is commonly found in West Africa and is abundant in the southern parts of Nigeria, in particular the south-eastern parts. The raffia palm tree is a representative of the family Palmae or Palmaceae. The raffia palm usually grows to 12 m high

Uses

Raffia palm as a key ingredient for making:

  1. Mat
  2. Bag
  3. Wine
  4. Fiber

Production, export, import and consumption in Nigeria

 

Growing raffia palm

To plant a raffia palm tree it requires a hot, sunny position in a moist soil. Prefers a pH in the range 5 – 6, tolerating 4.5 – 6.5. Dislikes saline soils. Plants can tolerate being in flooded ground.

Sowing and harvest period

Its set of flowers blooms when the plant reaches 20 to 30 years old. After this event, it starts a senescence process – a slow death that might take up to a few years.

Main Producing States in Nigeria.

  1. Benue 
  2. Ekiti
  3. Enugu
  4. Akwa-Ibom

Are you interested in this business opportunity and would like to know more? We can also facilitate funding if you wish to setup the business.

See related business plans below

If you liked this post please share:

Discover more from Highnet Resources Ltd: Business Funding Mart (BFM)

Subscribe to get the latest posts sent to your email.

Similar Posts

Tomato Business Opportunities

Watch the video and or read the text below. https://www.youtube.com/watch?v=XHOmBV4js_E Introduction Tomatoes are fruits that are considered vegetables by nutritionists. Botanically, a fruit is a ripened flower ovary and contains seeds. Tomato health benefits, including reduced risk of heart disease and cancer. They are also a great source of vitamin C, potassium, folate, and vitamin K….

Shea Nut Business opportunities

https://www.youtube.com/watch?v=XHOmBV4js_EIntroductionThe shea nut is the seed of the fruit of the shea tree. The fruit portion is typically removed to retrieve the hard-shelled nut. Shea nut is a very oil-rich seed. It may help soothe conditions like eczema, dermatitis, and psoriasis. Shea’s anti-inflammatory properties help soothe skin and relieve itching. This may prove especially helpful for inflammatory…

|

Bank of Industry loans are the best way to overcome Nigeria’s rising interest rates

   First published on LinkedIn. Nigerian rising interest rates worry many borrowers. Here are 5 reasons Bank of Industry (BOI) loans remain the best. Nigerian interest rates are going up and Nigeria’s central bank has aggressively raised its monetary policy rate (MPR) to 22.75% to control inflation. This represents 400 basis points (4%) from…

Unlocking Profit Potential: The Nigerian Rice Value Chain Explored
| |

Unlocking Profit Potential: The Nigerian Rice Value Chain Explored

When it comes to profitable ventures in Nigeria, the Rice Value Chain is one sector worth exploring. The Rice Value Chain is a significant component of Nigeria’s agricultural industry, contributing to economic growth and development. Understanding the components and potential of the Rice Value Chain is essential to unlocking profit potential in Nigeria. Key Takeaways:…

Coco Yam Business Opportunities 

https://www.youtube.com/watch?v=XHOmBV4js_EIntroductionCocoyams are herbaceous perennial plants belonging to the family Araceae and are grown primarily for their edible roots, although all parts of the plant are edible. Cocoyam consists of Vitamin B1 which is also known as thiamine is a crucial vitamin for increasing focus, energy, fighting chronic stress, and perhaps preventing memory loss. Several researches have linked…

Sweet Potato Business Opportunities

https://www.youtube.com/watch?v=XHOmBV4js_EIntroductionSweet potato are considered to be underground tuber vegetables. Just one sweet potato gives you 400% of the vitamin A you need each day. This helps keep your eyes healthy as well as your immune system, your body’s defense against germs. It’s also good for your reproductive system and organs like your heart and kidneys.   UsesSweet…