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Watch out for an intensive online training on the business of palm kernel oil production for beginners and existing operators. The training will equip you adequately to start and run your factory profitably. Below is the course outline.

1. Business plan development-

2. Business Fund Sourcing

3. Equipment selection and Acquisition

4. Equipment maintenance and Optimization


5. Basics on palm kernel toasting on local toasters /dryers.

6. Yield determination of kernels.

7. Routine maintenance checklist.

8. Palm kernel nuts selection and quality checks and purchasing.

9 .Pricing and operations Model.

10. Sales of finished products

Get in touch for the date and time of the training.

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ozornet:
Good evening, folks

You sound like my mentors "Napoleon Hill" and "Earl Nightingale".
Thank you very much for sharing this Great business opportunity
Let me whatsaap you Boss

Theophinio:


You sound like my mentors "Napoleon Hill" and "Earl Nightingale".
Thank you very much for sharing this Great business opportunity
Let me whatsaap you Boss

Thanks Theophinio for the appreciation. You can WhatsApp us with +2348037788438

.

ozornet:


Thanks Theophinio for the appreciation. You can WhatsApp us with +2348037788438

Alright boss

Good morning, folks and happy weekend

Good morning and happy Sunday, folks

ozornet:
A SYNOPOSIS OF THE PRODUCTION AND PROFITABILITY OF PKO EXTRACTING OPERATION FOR ONE DAY.

Assume that we are to set up with a diesel engine powered Expeller of ten tons per day capacity, one Filter Press machine and one palm kernel nuts Toaster.
We have the cost structure of these machines thus below in Naira
N
One Unit of Ten Tons per day Capacity Diesel Engine Expeller 1,800,000
One Unit of Filter Press Machine 850,000
One Unit of Palm Kernel Nuts Toaster 750,000
Installation Cost 280,000
TOTAL 3,680,000

Let us look at what happens in the factory in terms of production on daily basis.
It is assumed that the following prices are the prevailing prices of the items as enumerated below:
N
One Tons of PKO Sells for 310,000
One Ton of PKC Sells for 40,000
One Ton of PKSL Sells for 90,000
One Ton of PKN Bought for 127,000

It is also assumed that there is no beginning and ending of inventory of raw material or the finished products.



PRODUCTION PLAN
Production Estimates for One Day
Units Required for Sale
PKO = 4
PKC= 4.8
PKSL = 1.2


Tons N
Materials for production 10 tons times 127,000 = N1,270,000




COMPREHENSIVE PRODUCTION BUDGET FOR ONE DAY
Production Estimate N
Material Purchases 1,270,000
Labour Cost 12,083
Factory Overhead 6,236
Cost of Diesel and Engine Oil 32,000
Total 50,319
Cost of Goods Sold 1,320,319

Aggregation of Sales
Tons Unit Price Amount
PKO 4 tons times 310,000 = 1,240,000
PKC 4.8 tons times 40,000 = 192,000
PKSL 1.2 tons times 90,000 = 108,000
Total 1,540,000

PROFIT AND LOSS ESTIMATE OF ONE DAY
N
Sales 1,540,000
Less Cost of Goods Sold 1,320319
Gross Profit 219,681
Gross Profit c/d 219,681
Less
Fixed Admin and Operating Expenses
N
Rates and Rent 520.83
Maintenance 416.67
Insurance 1,388.89
Management Salaries 2,083.33
Loan interest Charges 312.50
Depreciation 347.22
Security 1250.00
Office Running Exp (Stationeries, Misc)1333.33
Total 7,652.77
Net Profit before Tax 212,028.23
Assume 40% Tax 84,811.29
Net Profit after Tax 127,216.94

Good day sir
I thought Agro Allied sector in Nigeria Is tax free, at least for the first 5 years of startup

Theophinio:


Good day sir
I thought Agro Allied sector in Nigeria Is tax free, at least for the first 5 years of startup

Thanks for the observation. As you should know policies change very often in Nigeria. Even the 40% company income tax we used is no longer valid. It's currently 38%. However, the presentation is merely to highlight how profitable the business is. Even though the current policy exempts small scale agro allied concerns from company income tax, there are other local government taxes and levies to be paid. We simply created the tax expenditure in order not to over estimate the net profits