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

Cocoa Beans Business Opportunities

https://www.youtube.com/watch?v=XHOmBV4js_E Introduction Cocoa beans are technically not beans or legumes, but rather the seeds of the fruit of the Theobroma cacao tree. The pod shaped fruit is botanically classified as baccate-like (berry-like) and each pod produces approximately 35-50 seeds surrounded by a sweet pulp. The fiber in cacao beans promotes healthy digestion. Getting enough fiber can help…

Millet Business Opportunities

https://www.youtube.com/watch?v=XHOmBV4js_EIntroductionMillet is an adaptable grain, it is also a good source of protein, fiber, key vitamins, and minerals. The potential health benefits of millet include protecting cardiovascular health, preventing the onset of diabetes, helping people achieve and maintain a healthy weight, and managing inflammation in the gut. Millet is an adaptable grain.UsesMillet is a key ingredient…

|

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…

Avocado Business Opportunities
|

Avocado Business Opportunities

  Introduction Avocado is a fruit. More specifically, botanists define it as a large berry with a single seed. Avocados are a source of vitamins C, E, K, and B6, as well as riboflavin, niacin, folate, pantothenic acid, magnesium, and potassium. They also provide lutein, beta carotene, and omega-3 fatty acids. Avocados contain high levels of healthy,…

Bitter kola Business Opportunities

https://www.youtube.com/watch?v=XHOmBV4js_EIntroductionBitter kola, also known as bitter cola or Garcinia Kola, is a plant found in Central and Western Africa that has long been valued for its medicinal properties. Although traditional African medicine uses all parts of the Bitter Kola plant, the seeds are mostly commonly eaten. Bitter kola has been used over the years to fight…

Mango Business Opportunities

https://www.youtube.com/watch?v=XHOmBV4js_EIntroductionMangoes are a tropical fruit they are also a drupe, which means they have a single large seed or stone in the middle. They are a great source of magnesium and potassium, both of which are connected to lower blood pressure and a regular pulse. Furthermore, mangos are the source of a compound known as mangiferin,  It is very…