January 24, 2024

ISSN – PRINT:2756-4495 | ONLINE: 2756-4487

Volume 04, Issue 01 – 2024

Creation of Ponitec Allied Limited for Manufacturing of Palm Fruit Products and By-Products​

Ezekiel Abel-Tariah


Ponitec Allied Limited is a startup business venture established in 2015 with core in Agriculture. It produces Crude Palm Oil (CPO), Palk Kernel Oil (PKO) including other associated by-products of Palm trees. One of its competitive advantage across the industry centers on manufacturing hygienic high quality products and the Activated Carbon Charcoal. The company operates in line with global standard through the use of latest machines, hygienic processing environment, cutting edge storage facilities and proper fruits handling. With ownership of about 136 hectares of land for plantation with 10 tonne factory, it has the capacity to produce 10 tonne of product per day. Some of its major customers cut across food refining companies, non-food industries plus wholesalers and retailers. The company competes with big players like; Okomu and Presco, Dufil Prima, Ibiae Oil Palm amongst others. Business revenue projection for a period of five years showed ₦186,212,500 in first year, ₦ 223,455.000 in second year; ₦246,249,500 for the third year; ₦ 420,651,000 in fourth year and ₦ 523,711,000 in the fifth year. The risk predominant with the business beckon on factors as; unstable exchange rate, theft, pest outbreak and reputational risk of quality