Any nation that requires economic development must look inwards to identify areas where it has comparative advantage over other nations and seek to develop the identified areas.
Apart from hydrocarbon, Nigeria has comparative in the Agricultural sector where a variety of products are produced due to the favorable climatic condition ,good soil condition and the fact that over 70% of the entire land mass of the country is arable.
One of such product that is been produced in Nigeria is Hibiscus flower. Hibiscus flowers are multi colored and varied and an annual herb cultivated for its leaves, stem, seed and calyces. It grows nearly throughout the year, though its peak production is during the dry season of November to April of the following year.
Foraminifera Market Research through this feasibility report seeks to highlight the investment opportunity in the supply of the hibiscus flower to local industries.
Hibiscus flowers are multi colored and varied. About 200 species of hibiscus are known to exist, and each species has its own unique kind of flower. Hibiscus flowers are alternate, ovate to lanceolate leafs, often with a toothed or lobed margin.
The flowers are large, conspicuous, trumpet-shaped, with five or more petals, color from white to pink, red, orange, purple or yellow, and from 4–18 cm broad. Flower color in certain species, such as H. mutabilis and H. tiliaceus, changes with age. The fruit is a dry five-lobed capsule, containing several seeds in each lobe, which are released when the capsule dehisces (splits open) at maturity. It is of red and white colours.
In Nigeria, Hibiscus flower grows nearly throughout the year, though its peak production is during the dry season of November to April of the following year.
Dried hibiscus flower are used in the production of hibiscus tea. Hibiscus tea is a caffeine free herbal tea from a special type of hibiscus, called Roselle, the scientific name is Hibiscus sabdarrifa. Specifically, the tea is made out of the dried fruit part of Roselle, called calyx. It is in red color and tastes like berries.
Admixture: 2% maximum
Stuffing: 12 metric tons in 1 x 40 FCL
Packaging: 25kg or 30kg per polypropylene bag.
Dried Hibiscus flower grows in various States of Nigeria including Kano, Katsina, Jigawa,Bauchi and Maiduguri States. It is a medicinal herb and health food product used in the production of tea.
The product is in great demand and the return on investment on the trading of dried hibiscus flower is estimated between 10%- 15%.