This year 2022 has been predicted by some palm oil storage entrepreneurs as one that will soon experience a great dip in the price of palm oil especially from the months of February to April and later a skyrocketing of it probably around October to December.

Imagine buying a gallon of palm oil for 6,000 naira and selling it when the price rises to 22,000 naira. Cool right?
Assuming you have 20 gallons bought with 120,000 naira at 6,000 per gallon for instance, later sold at 22,000 naira; that's 440,000 naira in totality. Let me stop here.

I'm into this business, though I am not directly involved in it. I buy, pay people to store the gallons of oil and then direct them to sell it when the price is high. They charge 7% for storage. This year I'm also looking at venturing into cashew production, processing and packaging.

Since I'm a business writer, If you are interested in the palm oil business, chat me up let me write you a business plan on this - I charge optimally. I can also direct you to the women in the local village I work with so you do your due diligence.

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