Coconut is the fruit of the coconut palm (Cocos nucifera), which is commonly used for its water, milk, oil, and tasty meat.
Today, coconuts are cultivated around the globe and have become increasingly popular for their flavor, culinary uses, and many potential health benefits. Its trees are considered the most naturally widespread fruit tree on the planet and are native to Southeast Asia and the islands between the Indian and Pacific oceans.
A wide range of products that are made from coconut is used by many industries and are traded globally, making the coconut value chain one that cannot be ignored. While over 50 unprocessed, semi-processed or processed coconut products enter the international markets in small and big quantities, industries like pharmaceuticals, cosmetics, and beverages are renowned for using coconut products the most.
The good thing is that you can make a lot of money from the coconut value chain even if you don’t have land for a coconut plantation or you aren’t interested in coconut farming. Due to the shortage of coconut products in Nigeria, the industries, which need coconut products for their processes are looking outside Nigeria to meet their need, creating opportunities for entrepreneurs in Nigeria’s coconut value chain.
Meanwhile, every part of the coconut tree can be used to produce valuable products. Below are parts of the coconut fruit and tree that can fetch you money and ways through which you can earn from them;
– Meat: You can earn big from supplying coconut meat to the industries that use it for their products. It is used in the production of candies (Chuk Chuk, gurundi), doughnuts, soup, desiccated coconut, oil lard, copra cake, toothpaste, jams and milk.
– Oil Coconut: oil has noticeable become a well sought after product globally. You can make money from the production and sales of coconut cooking oil, industrial oil, hair oil, massage oil and fuel extender illuminant.
– Shell: This is used in the production of trays, coffee pots, charcoal briquette, activated carbon charcoal, wood preservatives, lamp head etc., and can earn you a lot of money.
– Leaves: This is used in the production of bags, fans, hats, midrib brooms, slippers, draperies, toothpicks, mats, thatched roofs, etc., which in turn can be sold for money.
– Husk: This can be used in the production of mattresses, coir fibre, bottle brush, rope, net, upholstery, fuel, soil conservator, mulch, rugs, and geotextiles.
– Cocosheath: It is used in the production of bags, caps, slippers and helmet – Wood/Trunk It is used in the production of roofing, shed/farm office, workshop buildings, rural bridges, floors, windows, furniture, floor tiles, pallets, handicrafts, tool handles, fuels, bannisters etc.
– Coconut Water: It is used in the production of toddy, vinegar, treacle, medicinal eye-drop etc.
