BIJED

Abstract

Palm oil production presents a significant opportunity for socio-economic advancement in Nigeria, particularly in Ika North-East Local Government Area of Delta State. Despite its potential, the sector faces numerous challenges, notably the limited focus on value addition and agripreneurial activity. This study addressed the critical need to enhance agripreneurial initiatives in the palm oil sector, with the goal of improving technology adoption and increasing overall efficiency, profitability, and sustainability. Using a multistage sampling technique, primary data were collected from 110 palm oil producers through structured questionnaires. Descriptive statistics and gross margin models were employed to analyze the socio-economic characteristics of the processors, identify constraints, and propose value- adding strategies. The study found that smallholder farmers dominate the sector, but their limited access to advanced technologies leads to inefficiencies in production. Key constraints include high harvesting costs, labor shortages, and inadequate storage facilities. Nevertheless, palm oil production remains profitable, especially through traditional methods, which offer higher gross margins. The study recommends financial incentives for technology adoption, infrastructure improvements, and fostering collaboration among stakeholders to boost value addition and agripreneurial activity. These strategies have the potential to transform the palm oil sector, enhancing its contribution to economic development and sustainability.