Lilly Green Farms
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.
Years of operation
Type of organization
Stage of the business
Early stage/ Startup
Storage and distribution
Agriculture value chain(s) focus?
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?