Hastesid is primarily involved in the processing of palm kernel nuts into palm kernel oil, a major requirement for vegetable oil production, soap making and making Palm Kernel cake (PKC), a source of animal feed protein.

Market Opportunity/ Problem

Nigeria consumes 1,000,000 tons of vegetable oil per year. 80% of the edible vegetable oil consumed in Nigeria is made from refined Palm kernel oil. With the ban on importation of vegetable oil in Nigeria, and on the release of forex to importers, there exist a huge opportunity for Palm Kernel oil production locally

Company Information

Years of operation


Type of organization

Private company

Stage of the business

Growth Stage

Agribusiness focus

Value Addition/Processing

Agriculture value chain(s) focus?

Cash Crops

Primary country of operation


Other country(ies) of operation


How many employees does your business have?


Does the business have more than 30% women ownership?


Does the business have more than 30% youth ownership (under 35 years)?


Financing and expansion overview

How much capital is the company currently fundraising (US$)?


What is the split between equity and debt?

Debt (100%)
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