Unlike most fruit trees, Vietnam Coconut, popularly called Ghana coconut in Nigeria, is one of the coconuts farmers say they don’t lose their investment on…likewise the Cavendish banana, popularly called Igbo sweet banana in Nigeria is also one of the bananas farmers say they don’t lose their money on as well.
The greater part of Vietnam Coconut (Aka Ghana coconut) production in Nigeria is undertaken in Asaba Farm Estate located Asaba capital City territory of Delta State however it can be grown in other South-South parts of the country including Edo State, Delta State, Bayelsa State, Rivers State, Akwa Ibom State, Cross River State, and Lagos state.
According to Investor Priest an Agric extension specialist in the Coconut and banana farm business, coconut with banana farming is one of the most profitable agroforestry businesses in Nigeria and other countries of the world. Just like Oil Palm farming and ginger farming, Coconut with banana farming can be very lucrative.
He says it is an evergreen food business that is highly accessible in any culture or race, can withstand toughness and can easily be preserved for a long time, saying the demand for the crop is so high that any part of it hardly gets wasted. There is also a readily available market for it and the demand far outweighs the supply of the product.
In this 2023 early farming season Farmers don’t require much money to invest and own a coconut farm estate and the process doesn’t require much labor compared to other fruit farming that require money and attention. It does not also need much fertilizer and pesticides which consume heavy money from farmers. In the Asaba Farm Estate community, one can buy and own 1acre of Coconut Farm Estate for life with just N2.5million naira only. At the maturity after 2years and 6months an acre with 100 trees will be producing 40,000 coconuts which is equivalent to N4million naira yearly if you sale your coconuts at the market price of N200 per coconut . Now you can imagine how much generational wealth you can grow with Vietnam coconut trees.
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