Team University of Ibadan

Ibadan, Nigeria

  • Business / Social Enterprise
  • Food Waste / Consumer Issues
  • Africa

Our Team

Our Mission

This project targets to set up a medium palm oil production firm that can produce a minimum of 10,000 gallons of palm oil every year. We will employ the use modern practice of extracting oil from the kennel to make it free of Fatty Acid, cholesterol and smoke – the constituents that make most of the imported oil dangerous to consumers’ health.

Our Background

We are University of Ibadan team,some years ago Nigeria is used to be known for exporting palm oil, but after the discovery of petroleum product, the nation went to sleep on Agriculture, and today the else exporter of palm oil now imports the same to meet its local need. This makes the product not only to become very expensive but also expose the consumer to risk of getting exposed to adulterated oil. The project provide job for the teeming population, increase the income of the women as 209 new workers will be employed with wages to take care of families and turn over the society. Our idea is strongly in line with the Millennium Development Goals 3- Promote gender equality and empower women in particular. Rural and urban people will gain momentum .Project team is committed not relent until Nigerian women are empowered economically. Commitment to protect forests with high conservation values and considered use of fertilizers to avert pollution and erosion. 20 slot reserve for women and 850,000 people gain momentum in the first year. Palm oil seed will be procured from National Institute for Oil Research Nigeria to assure quality seed. Sales team penetrate market environmentalist build sustainable farming and suppliers supply tools. Nigeria begin to export maize,oil and kernel in the next three years compare to present importation. Gestation period reduce as seed will be placed in nursery i.e cost reduction and sustainability ensure. Pollution minimize, inspiring education in rural areas by providing jobs and create wealth. We relied on skill of our management. Income of the poor increase, Integrated Pest Management and reduction of herbicide use focused. We will install 5 palm oil production machines in 12 month with projection of 10,000 gallons of palm oil Free of:Fatty Acid,cholesterol & smoke. In 12 months we expect to meet the annual Maize and plantain needs of 29,405 Nigerians, recording revenue of $74,347,$84,455&$140,026 in 3 years thereby project ownership assured.$100,000 provide for expansion by project team.

Our Team

Our Mission

This project targets to set up a medium palm oil production firm that can produce a minimum of 10,000 gallons of palm oil every year. We will employ ...Read More

Our Background

We are University of Ibadan team,some years ago Nigeria is used to be known for exporting palm oil, but after the discovery of petroleum product, the nation went ...Read More

The information contained here represents student project ideas developed as the result of brainstorming activities during Round 1 of the TFF Challenge. It does not represent any final business plans or commercial products.