Palm Oil Production Business And How To Start One In Nigeria
Palm oil is the most important edible oil crop in Nigeria. The Food and Agriculture Organization of the United Nations (FAO) reported that in 2014, over 2.4 million tonnes of palm oil were produced which represents an average annual increase in production of 12% since 2010.
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There are approximately 350,000 hectares (ha) planted with palm oil in Nigeria. The main palm oil farm types include:
1. Estates - large monoculture plantations usually integrated with a processing mill. 12% of the country's palm oil farm area is estates.
2. Smallholders - plantations owned and managed by individuals or groups. 88% of the country's palm oil farm area is owned by smallholders.
It is reported that a high number of palm oil farms operate informally without legal land tenure, are non-compliant with health and safety regulations, and evade tax payments among other business and legal risks.
Major environmental concerns linked to palm oil farms include deforestation, biodiversity loss and water depletion. The biggest underlying threats are the lack of effective laws relevant to CSR and/or weak enforcement of the law.
A number of CSR risks are present in Nigerian palm oil supply chains. The risks are wide ranging and appear across the business, social and environmental areas.
If you are sourcing palm oil from Nigeria you should take care to ensure the extensive risks identified are not present in your supply chains, or have been sufficiently mitigated.
Documents Needed For Palm Oil Production
Documents On Farm Level
• Land title certificate or property deed
• Certificate of Incorporation
• Business commencement certificate
• Business Operating Permit
• Environmental Protection Agency (EPA) permit.
Documents For Trade, Processing And Trade Of Palm Oil In Nigeria
• Final Invoice
• Bill of Lading
• Packing List
• Certificate of Origin (in some cases)
• Company Registration with the General’s Department.
Documents For Exports And Customs
• Proforma Invoice
• Supplementary Information Document (SID)
• Tax Identification Number (TIN) Certificate
• Single Administrative Document (SAD)
Waybill
• Final Invoice
• Bill of Lading
• Packing List
• Approved export permit from Food and Drugs Agency (FDA)
• Nigeria Export Form (from the Banks or Port of Exit)
• Ghana Customs form
• Company Registration with Ghana Export Promotion Council
• Company Registration with the General’s Department
• Certificate of Origin (in some cases)
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