Thread by @Nig_Farmer

#NaijaFarmerTips
Coconut is eaten by everyone & it's a money making venture for farmers & non farmers.
Low capital investment, easy to grow & a steady flow of income every year.
It has a lifespan of >50years
It's a coconut 🥥 money 💰 making Thread
RETWEET to your Followers 💰😊

There are 3 types.
Dwarf and tall varieties.
Dwarf Variety - start producing by 3-4 years
Tall varieties - start production by year 5-9years common in Nigeria.
There are hybrid but they produce fewer fruits.
Planting density is 200 trees/hectare.
Each tree will produce 85 fruits

Every year and it increases as the tree matures.
At an average N150 per nut, a farmer with one hectare of coconut trees is a millionaire by all standards😊
Some crops Beans, potatoes, vegetables e.t.c can be intercrop with Coconut trees.
Coconut plantation doesn't really need

Intensive maintenance like cocoa..it's more like little or no maintenance at all.

Coconut production is a long term investment..it's the type of crop you can retire on.

There are great product from coconut -
Oil
Milk
Cream
Sugar
Flakes
Butter

It's profitable by all standard

If you're looking at long term investment with little maintenance and stress think Coconut plantation with.

You'll be better off later for it.

600k-700k excluding land will set-up a Coconut plantation in the coastal region of Nigeria.

Thank you 😊