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The market for palm kernel oil is national. With a population of over 140 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for palm kernel oil. The demand is high but local supply dwindling production outputs.
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THE NIGERIAN PALM OIL INDUSTRYt The processing of palm fruit is the most important processing activity carried on in Nigeria.1 The end products, palm oil and palm kernels, have traditionally composed 15 to 20 per cent of Nigeria’s exports; in 1965 their combined value was £40 million (26, p. 20).
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2017-3-29 Palm Oil Business Plan In Nigeria Feasibility Studies PDF. Nigeria with an estimated population of over 150 million people, a national population growth rate of 5.7% per annun and an average economic growth rate 3.5% per annum in the past five years it his a very large market for palm kernel oil and palm kernel cake.
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How to invest in palm kernel oil, cake processing. Olumakimde Oni Aug 17, 2020. It has been said that the only solution to the present economic problem in Nigeria is to grow local agro production. Palm kernel oil production is one of the investments that can boost Nigeria’s agro production and investors’ income.
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THE NIGERIAN PALM OIL INDUSTRYt The processing of palm fruit is the most important processing activity carried on in Nigeria.1 The end products, palm oil and palm kernels, have traditionally composed 15 to 20 per cent of Nigeria’s exports; in 1965 their combined value was £40 million (26, p. 20).
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