Lilly Green Farms
Description
Lilly Green Farms purchases, packages and distributes high quality palm oil for retailers, food processors, cosmetic industries, hotels, restaurants, and households. The company sources its stock directly from palm oil processors and distributes to its target customers.
Market Opportunity/ Problem
Nigeria is the largest consumer of palm oil in Africa, with an annual consumption of 1.34 million metric tons. The country’s large and rapidly growing population coupled with the importance of oil in cooking and for industrial purposes are the major factors that drive the high demand for palm oil. Local production of palm oil is unable to meet the demand which is sustained by imports valued at about NGN90 billion. This translates into an opportunity for businesses and investors in the market.
Company Information
Years of operation
3
Type of organization
Private Company
Stage of the business
Early stage/ Startup
Agribusiness focus
Storage and distribution
Agriculture value chain(s) focus?
Cash Crops
Primary country of operation
Nigeria
Other country(ies) of operation
N/A
How many employees does your business have?
6
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
Below $250k
What is the split between equity and debt?
100% Equity