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Nairaland Forum / Nairaland / General / Agriculture / Oil Palm Is Our New Crude Oil - Governor Obaseki (11586 Views)
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Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by Nobody: 9:51am On May 05, 2017 |
imehga32:Or groundnut |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by able20(m): 10:03am On May 05, 2017 |
Pavore9:You know dem all politicians, only talk talk no action. |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by successe1: 10:08am On May 05, 2017 |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by successe1: 10:09am On May 05, 2017 |
Good vision |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by successe1: 10:11am On May 05, 2017 |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by ibadanfinest(m): 10:26am On May 05, 2017 |
No committee needed jare. am sure a lot ofvresearch must have been done by our institutions. Just go there and give it to ministry of agric to implement |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by Jesusloveyou: 10:28am On May 05, 2017 |
bukynkwuenu:that is your prayer. Enemy of change. 1 Like |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by jide219(m): 10:31am On May 05, 2017 |
Okomu oil palm company,best oyel banga |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by iluvdonjazzy: 10:37am On May 05, 2017 |
EHOR AND AGRIC near ekpoma oil palm estate na die, too big. |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by mickool(m): 10:38am On May 05, 2017 |
Good one !! GGO is working! God bless u sir. |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by Nobody: 10:48am On May 05, 2017 |
BusinessHub1:Obaseki is a new governor. This is his first year in office. |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by BusinessHub1: 10:53am On May 05, 2017 |
charliboy654:Meaning all ideas, informations, research etc should b on hold till one becomes a governor..no wonder! |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by Nobody: 11:10am On May 05, 2017 |
another media project... and at this stage we are in history, palm oil is more expensive to produce than crude oil. |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by Nobody: 11:37am On May 05, 2017 |
BusinessHub1:So u that have idea on how to develop nigeria why don't u go n tell buhari or ur state government so ur idea can be worked up on. Abi u nor get idea. 1 Like |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by mapet: 11:42am On May 05, 2017 |
5DMindset: This your needless arrogance, fueled by ignorance is unwarranted. If you had bothered to read the report well enough, you would have seen this The governor announced this yesterday at the Edo State Government House in Benin when a 14-member committee set up to develop an oil palm plan for the state presented its report to him.It is ironical that some of you just show off ignorance with your textbook analysis. Meanwhile there is no law that determine when to come to press, but if you had thought deep enough you will have seen that among many others, these are meant to signal potential investors of Edo state readiness to do business in Palm Oil. |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by DarkFive: 12:01pm On May 05, 2017 |
and it took this country 50+ years to get common sense? |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by Nobody: 12:01pm On May 05, 2017 |
mapet: You have no idea how to communicate. That is why you are a slave to your own emotion. The governor of that State is just confused. He wants to be in the News. He wants to be seen and heard doing something. So the first idea to enter his mind, he rushes to the Press with excitement. Do you need a Press to set up a committee ? And what does he even need a Committee for ? We have Commission of Agriculture in that State and we Have Faculty of Agriculture in your University. Let me educate you, son. It is the Duty of the Commissioner of Agriculture, to meet a research Team in the Agric Faculty to gather data on the topography, soil test, growth yield of specific breeds of palm and decide on the best specie. Then the data is presented to a Business Devt Unit, that is where the Ministry of Industry/Commerce comes in. You get a PPP blueprint in place and study case studies and propose the best option for the State, before presenting final findings to the Government House. The Governor looks at the gazette and approve land and make compensation available to communities. Then with this on ground, you bring in a technical partner and draw up the JV agreement. It is during ground breaking that the Press is involved, annoucing to the world their new Agro Drive. I do not have words to exchange with you, because you have limited knowledge of this world. Exchanging words with you should be to help you gain wisdom which you clearly lack. Which is why you insult others because you have no intelligence to share, but hatred to spread. Do not respond to me. I have no time for those who refuse to grow mentally and emotionally. 2 Likes |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by mapet: 12:35pm On May 05, 2017 |
5DMindset: Rather I will not waste my time on an unintelligent fellow in you..... honestly speaking |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by Nobody: 12:49pm On May 05, 2017 |
mapet:Your level of intelligence is so enviable by Primary One kids, but I advise you look up people like me before you disgrace yourself by arguing with them, as you have just done. You need more than 2 MSc degrees to get squared with me. I am not on your level, son. |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by salesforce: 2:02pm On May 05, 2017 |
Lol |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by mapet: 3:32pm On May 05, 2017 |
5DMindset: Sir, I pray I don't reason at your this your level, when I get to that age. Meanwhile, for the fun of it, basic IQ is not a function of academic degrees, so I wonder what IQ you have that requires academic degrees to match it. But "pleasure yourself" as you please, I leave you to "your level" |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by Revolva(m): 3:50pm On May 05, 2017 |
wash ..na today ....we don de hear dis....if na so omo i go start to be oni epo....oooo hahha |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by temitope277(m): 6:08pm On May 05, 2017 |
oil palm wey don turn yeye thing 4 ondo state |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by evansjeff(m): 7:29pm On May 05, 2017 |
5DMindset:why won't you read a post carefully and digest details before pouring your hate filled heart out? Dumbest comment in a long while |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by ecurrencies2017: 7:36am On Jun 07, 2017 |
How to Become Palm Oil bulk buyer and Seller in Nigeria Are you a retiree? Do you have idle cash lying in your bank account and you are looking for a means to earn extra income? Then below is an in-depth guide on how to make money buying and selling palm oil, When most people hear that palm oil business is very lucrative, they quickly dismiss the idea of taking a plunge because starting up a palm oil processing company requires much more capital than they can ever afford, But the truth is that you too can tap from the opportunities in the palm oil business without necessarily having to set up your own processing company or starting a palm plantation. How? You can achieve this by buying and selling palm oil for profits. In fact, you can make millions just by buying, storing, and reselling palm oil. One of Nigeria’s billionaires, Orji Uzor Kalu started out in business as a palm oil trader and he made millions from this business, before I discuss the steps involved in buying and selling palm oil for profit, let me enlighten you about the commodity and its marketability. (I am assuming you do not know anything about it before now. Pardon me if you already did). Reasons Why You Should Start Trading Palm Oil for Profits Palm oil is a natural extract from the red palm fruit. It is orange or yellowish red in color, and it is widely produced in West African countries and in Far East countries such as Malaysia and Indonesia. In these countries, it is widely consumed by the natives, and it is also exported to neighboring countries. Palm oil owes its huge demand in countries such as Nigeria and Malaysia in part to its huge population and health benefits. Palm oil is a good source of vitamin E, which promotes healthy skin. It is also rich in carotene, which enhances vision. And most importantly, unlike most other oils, it doesn’t promote the accumulation cholesterol and low-density lipoproteins that are harmful to the body, Another reason why palm oil sells well in the above-mentioned countries is its relative cheapness when compared with other edible oil, and its relatively long shelf life. With proper storage, palm oil can last up to one year without losing its quality. In Nigeria and other West African countries, virtually every household cooks with palm oil. So, you can imagine how much profit you can make from the market in these countries, With the above in mind, let’s now discuss how the business of buying and selling palm oil works. It goes without saying that this business simply involves buying palm oil and selling palm oil, but there are two methodologies of running this business; and you are free to choose any of the two or even combine both. Choosing your palm oil business model The first model involves buying the commodity, adding some margin, and selling to the next available buyer. Though you won’t make huge profits with this model, you will make smaller profits on a consistent basis. The downside of this model is that you may be badly hit by sharp drops in the price of the commodity, which happen occasionally. But there are two sides to this possibility; you can make huge profits during occasional price surges as well. The second model involves buying during the time of the year when the commodity is abundant, and selling only when it becomes scarce. Usually, in Nigeria, l (because it is abundant during that time of the year). So, if you buy 1000 liters of palm oil when it’s cheap, and sell it when the prices go up, you can make between 100% to 200% profit or even more depending on the scarcity and on your location within Nigeria. It’s the same story in other countries where there is huge demand for palm oil. In Nigeria, a 25liters of palm oil brought for #5,000 – #7,000 during the abundant season (depending on your location) in 2016, During the scarcity period, that same 25 liter can goes for #15,000 – #22,000 interval of 4months, palm oil can be sourced at a cheap price in places such as Edo, Delta, akwa Ibom and some local area, in western Yoruba zone best storage facility in Oil is State of Osun palm oil poducers doing good indeed and resold at a profitable price in places such as Kano, Lagos, Kaduna, Abuja, etc. Most times, traders recorded huge profits by adopting the second model, but it usually requires larger capital than the first model, Having explained the methods of running a palm oil trading business, let’s now discuss the steps involved in starting the business. How to Start Buying and Selling Palm Oil for Profits 1. Get your storage space You will need to secure some pace for storing your palm oil, regardless of the business model you choose to adopt. If you have some storage space right in your home, that would guarantee rest of mind. But it would be better to have your storage space close to where your customers are. So, renting a shop near a local market around you is a very smart idea. In Nigeria, palm oil is best stored in big blue drums / barrels, in a cool place away from direct sunlight, It takes about 6– 8 (25liters) gallons to fill a barrel. 2. Arrange with suppliers Aside customers, your business needs suppliers to thrive, since you are not processing the commodity yourself. Try to find suppliers that produce high quality palm oil. You may need to conduct thorough research before making your choice because the success of your business would hinge largely on the quality of the palm oil you get from your supplier. From personal experience, i can say that good palm oil can be sourced from Osun, Ekiti, Ondon state in places such as sound in good storage terms with years duation to store it with risk free etc. 3. Decide on transport arrangements You would need to transport your palm oil from the supplier’s location to your shop or storage location. And in some cases, you would need to transport palm oil to your customers as well. (In fact, you can make more money by charging extra for delivery. Buyers would readily pay for the convenience), Most times, palm oil are best transported in gallons and if you are transporting from Eastern Nigeria to either the Western or Northern part of the country, you can use the services of popular transport companies such as The Young Shall Grow Motors, G.U.O Motors, Cross Country etc. If you have a van or truck to yourself, that would be fine. But if you don’t have one, you would need to hire one each time you need to transport your commodity. 4. Market and sell your product To make profit, you need to find buyers for your product. You would easily attract them if you offer high quality palm oil for unbeatable prices. Depending on your chosen model, you can choose to sell your commodity to the next available buyer, or wait until prices go up before selling from September to January. NOTE : As a company we currently looking for 100 members to partner with us in this biz against 2017 buying and selling PALM OIL agenda, Start up Capital to join this train depend on members capacity with #50,000 above are welcome , legal aggrement back up for individual investors attached in payment term. We are calling Nigeria youth attention to join hand together in empower ourself, earning 70% to 120% of your investment interval of 4 months in Palm Oil Buying and selling Investment with Our profit turn over since 2011 till date. * In 2011, 25 Liters of Palm Oil sold at #2,200 to #2,500 during cheaper period and later sell out in between #5,500 to #7,000 the same year. * In 2012, 25 Liters of Palm Oil sold at #2,500 to #3,500 during cheaper period and later sell out in between #6,500 to #8,500 the same year. * In 2013, 25 Liters of Palm Oil sold at #3,000 to #4,500 during cheaper period and later sell out in between #7,500 to #9,000 the same year. * In 2014, 25 Liters of Palm Oil sold at #3,000 to #4,000 during cheaper period and later sell out in between #7,500 to #9,500 the same year. * In 2015, 25 Liters of Palm Oil sold at #4,000 to #5,500 during cheaper period and later sell out in between #10,500 to #12,000 the same year. * In 2016, 25 Liters of Palm Oil sold at #5,500 to #7,500 during cheaper period and later sell out in between #15,500 to #25,000 in late 2016/2017, our co investors members partner with us can testify to this for years back. cost storing palm oil for 2017/2018 The plan is to buy oil for ourselves and interested clients. We are to buy palm oil at on season for 10k or less and sell off season at 18k or more, For those interested in storage and want to do business with us, 5 kegs minimum investment. * Buying of palm oil for investors * Using our storage facilities to store for client until investors want to sell * Selling the palm oil for the clients and deliver the money back to investors. * Giving current prices of palm oil weekly so that investors can know when to sell off. Factors to be considered by investors * Price of kegs for storage * Transportation cost * Storage cost * Oil workers cost in summary cost of the following investors would be paying for these. 1. #10,000 per keg to buy the Palm oil 2. #750 for empty free keg 3. #250 for transport per keg 4. #50 per keg for oil workers 5. #1000 per month for storage above 5 kegs. 6. #500 commission after sales per keg. Is that all? YES For those asking when storage would begin, it would start April to June /July yearly. Join us for 2017 palm Oil buying and Selling investment with cash logistics and good plannings to achieve it already stated, because this biz more profitable than in less than months, with capital investment and profit turn over back to individuals investors bank account. All individuals members are make use of one company bank account for easy recorded each, join us with form of payment transaction inn by the company. Serious minded investors can be provided with more detailed information and technical assistance in setting up this project. New way to become millionaire in Nigeria is to become PALM OIL buck dealer. Office address No 1 Omo-west opposite Stadium Ikirun road Osogbo State of Osun. Chartidor Global Nig Call/text/whatsapp 07014888628/07056181840/ chartidorglobalfarm@gmail.com |
Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by Nobody: 6:14pm On Jul 14, 2017 |
We supply clean and quality crayfish and Palmoil from Akwa Ibom. We are here to meet the needs of those yearning for healthy food ingredients such as crayfish and Palmoil. We supply all over Nigeria and also outside Nigeria. For more information, call 07067290953. You can also send us a mail at ekanempeace0@gmail.com. Thanks
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Re: Oil Palm Is Our New Crude Oil - Governor Obaseki by slimfit1(m): 6:23pm On Jan 13, 2018 |
Good idea but i can't see us knocking off other serious countries who have good names in this business. |
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