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Bullion

Keywords

Neem seeds, Employment creation, Investment opportunities.

Abstract

This paper is focused on neem oil production for both local and export markets. It examines Neem, (Azadirachta indica A Juss), an evergreen tree that belongs to the family, Meliaceae and is known by the botanical name Azadirachta indica A Juss. lt is a fast growing tree, well adapted to semi-arid conditions and grows well on poor shallow stony or sandy soils where agricultural crops give low yields despite the application of fertilisers. The paper examines the origin of the neem tree, composition, uses, products, investment potentials and financial analysis on profile for neem seeds processing. The study conclude that from the financial result of the above analysis, the project is economically viable and technically feasible. Neem Seeds as Raw Materials is in abundance and can be sourced at lower cost than estimated since no established outfit is currently utilizing it in the country. Market is available and the processing technology is simple as seed oil extraction is not a new technology in the country.

Author Bio

The Author is a staff of Raw Materials Research and Development Council (RMRDC). Abuja, Nigeria.

Publication Title

CBN Bullion

Issue

3

Volume

28

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