Do you know that after expenses, a profit of over N36,450,000 can be generated from just 10 acres of coconut plantation.
A few years ago coconut fruit was sold at a price less than N100. Today, coconut fruit sells between N700 – N1,500 in the market.
In the next 3years, a coconut fruit will sell between N900 – N2,000 And in 6 years to come, you can expect another increase. This is a predictable cause as population grows the demand and use for coconut increase both for domestic and industrial uses.
*Organic coconut oil is on great demand both home and abroad.
*Coconut husk is raw material for several products like bags, ropes. Coco peat, coco husk etc.
*The shell is used for charcoal briquettes
*The water is packaged as energy drink
*The flesh is used for coconut flour.
🌴Below is the estimated analysis to setup a 10 acres of coconut palm plantation..
*Land Acquisition (N1,600,000 per acre)=N16,000,000
*Land Clearing/smooth Preparation =N1,000,000
*Using standard spacing measurement of 7.5 meters triangular, each acre will contain 70 coconut seedlings.
*70 seedlings x 10 acres = 700 coconut seedlings.
*Each of our Malaysian dwarf coconut seedlings cost N4,000.
*N4000 x 700 seedlings =N2,800,000
*The 10acres will require 5 bundles of wire-collar for protection against animal attacks.
Each bundles cost N50,000
5 bundles =N250,000.
*Professional mapping, protecting with the provided wire-collar, accurate mark-in-outs and planting of the whole 10 acres=N500,000
*Maintenance for 6years before the coconut gets to it prime production period will cost you N6,000,000
This brings the expenditure to a grand Total of N26,550,000
🌴INCOME ANALYSIS🌴
Each coconut tree will annually produce a minimum of 100 fruits.
700 coconut trees x 100 fruits per tree = 70,000 fruits harvest per from your 10 acres.
Each fruit is sold for N900
N900 x 70,000 fruits= N63,000,000
=========
N63,000,000 – N26,550,000= N38,600,000
This leaves the investor with an income of N36,450,000 annually for the next 60years.
We’re located in Benin city. Edo state.
Call or WhatsApp us via 08141156233 for step by step guardians on how to start.
A very detailed analysis. Thank you.
Am interesting, but can this work in Jos, Plateau State?