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How To Start A Palm Oil Business In Nigeria(full Business Plan) - Business - Nairaland

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How To Start A Palm Oil Business In Nigeria(full Business Plan) by Kingsleyumeh007(m): 7:34pm On Jan 27, 2017
Are you interested in starting a palm oil business in Nigeria? Are
you passionate about starting a palm oil business? Do you know
that lot of people are making it big time with this palm oil
business?
I know of a man in our community that build his house from the
money he generated from palm oil business. If that is what you
want, I assure you are at the right junction! Keep calm, grab your
pen, sit comfortably as you digest this post.
Right from onset, many Nigerian entrepreneurs are too drifted into
the business of technology, online business, oil and gas and lot of
others without the critical gaze upon what palm oil business has in
stock for them.
Apparently, Palm oil could be seen as viscid reddish liquid
obtained from oil palm kernel appearing to be one of thriving
business in Nigeria. With its base in Africa. Palm oil can be used in
cooking as well as production of some materials by industries.
Also recognized for its medicinal and curative importance.
Palm oil business in Nigeria is abruptly corrosive as many states
that has palm trees knew not the value of such lucrativeness of
the product. It is clearly visualized that, palm tree duly has its
multi-usefulness compare to any other tree or plant around the
globe, talk of the local brooms, palm mat, crafted hats, baskets
even the liquid call palm wine is such a business to reckon with.
Out of all this product, palm oil has been the leading one since
most people can't actually cook without it and that has changed
any marketer or manufacturer's perception towards the
agricultural sector.
Truly, there are many phases of this business as not everyone
would wish to participate in all the specializations involve. These
sectors of palm oil business include;
1. Palm Tree Plantation
A lucrative sector of palm oil business is by planting palm tree on
commercial level and thereby harvesting it for sales as it goes
directly to the milling industry for processing.
While the risk to run this business, you have to fathom the right
variety as it is the main key to its success. Dura variety is a
notable one in Africa which is feature with small pulp and thick
shell. Just know them well!
2. Palm Oil Milling
This business entails your ability to use machines in extracting
palm oil from its kernel with high rate of intelligence in the field.
You would have to purchase harvested palm kernel from local
farmers and you would start marketing it extensively. Though it is
capital intensive in terms of labour, machines and raw materials.
But you would overlook the cost if you are really interested in the
business.
3[b]. Sales of Palm Oil in Bulk[/b]
At this phase, you are entitled to buy and sell processed palm oil
at any quantity depending on your investment decisions. You
could buy and sell continuously or buy and keep to sell when the
price rises in the future. They all worth investing on.
Let us now see how you can start this palm oil business and make
good profit from it in the long term.
4.Capital Investment
The first thing you need to venture into this business is capital.
Though, there is no fixed amount of capital you must have, it all
depends on how large or small you want to start.
You can start small with at least ₦50,000 depending on the sector
you want to focus on. Have it in mind that this done after you have
decided on the sector you want to venture into in the palm oil
business.
5.Targeted Market
Your sector determines your target market. So, at this level, you
must work towards a successful and practicable market research
so as to weigh your market forces.
Instances where you wish to start any of this phase of business,
you must be very careful by choosing either selling to international
markets called exporting or locally in Nigeria. But I would
recommend urban areas as your market target because this is
where the product is highly needed and consume!
6.Effective Supplier
One of the ways you can become successful in this business is by
having a reliable, trusted and steady suppliers that would help you
in the distribution of raw materials.
Western and South-East Nigeria possesses good source of
supplier and palm oil marketers. States like Ondo, Osun, Enugu,
Anambra and Edo are good source you can consult.
7.Transportation
You must have a durable transportation system to be able to move
your products from your location to where it will be needed. You
wouldn't just start this business without a perfect means of
transportation. Because most of your business transaction would
revolve round it.
8.Storage
This is very important. If adequate storage facility is not put in
place, it will possibly affect the quality of the products which will
also affect the price.
Resourcefully, you should encode your palm oil business with
some high rate of virtue. This includes; honesty, trustworthiness,
customers friendly and lots of others. Hold on to them, they help too!.

Original source:::www.gistdeck.com/2017/01/how-to-start-palm-oil-business-in.html?m=1!

Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by bestybee23(f): 8:25pm On Jan 27, 2017
I thought of this business today but really don't know anything about it, can u throw more light on d preparation of the palm oil. I would like to venture into it some day
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by Kingsleyumeh007(m): 8:47pm On Jan 27, 2017
bestybee23:
I thought of this business today but really don't know anything about it, can u throw more light on d preparation of the palm oil. I would like to venture into it some day
yeah...how do u intend to run it?small or large scale? smiley
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by Rujid: 1:15am On Jan 28, 2017
Please I am very interested in the palm oil biz. I have 100k. I need information on getting where to get sellers pls you can email at olajideolups@gmail.com. Thanks

1 Like

Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by Kingsleyumeh007(m): 5:48am On Jan 28, 2017
Rujid:
Please I am very interested in the palm oil biz. I have 100k. I need information on getting where to get sellers pls you can email at olajideolups@gmail.com. Thanks

What's your location?
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by Trippledee(m): 4:54pm On Jan 28, 2017
Can I start with 50k?
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by Kingsleyumeh007(m): 4:59pm On Jan 28, 2017
Trippledee:
Can I start with 50k?
Sure you can if you want to start the business within your locality but if u want to start exporting to other non-oil producing state I don't think 50k will be enough because you will have to look for a vehicle that will transport the product and it can be expensive depending on the bargain and location...
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by DREGE: 7:02pm On Jan 28, 2017
pls am interested Are u on whatsapp?
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by DREGE: 7:06pm On Jan 28, 2017
I'm a student based in Edo state. pls do u know how much a 25L cost now
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by DREGE: 7:08pm On Jan 28, 2017
I'm a student based in Edo state. pls do u know how much a 25L cost now
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by xolocious(m): 12:07am On Jan 29, 2017
sounds interesting, i'm interested in the business too. where is the best place one can buy it at the best price and how much is it going for at the moment
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by Kingsleyumeh007(m): 9:39pm On Jan 31, 2017
xolocious:
sounds interesting, i'm interested in the business too. where is the best place one can buy it at the best price and how much is it going for at the moment
12000-14500 depending on ur location
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by Kingsleyumeh007(m): 9:49pm On Jan 31, 2017
DREGE:
I'm a student based in Edo state.
pls do u know how much a 25L cost now
12000-14500 depending on where you stay
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by babytejiri(m): 1:46am On Mar 31, 2017
Now you too can start palm oil business in Nigeria. Get your PDF feasibility studies on palm oil production business.

1 Like

Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by dguvnur(m): 5:47am On Mar 31, 2017
I can supply you palm oil any time ,

The Guvnur Concept,
2 Oloton Stree,[back of Ogualigho rice]
Oba Market road,
Benin City,
Edo State.

Call or watsapp 07031887325

2 Likes

Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by DoyenExchange: 7:46am On Mar 31, 2017
50 Small and Big Businesses You Can Do In Nigeria With Their Cost Estimates

Do you know that there are big and small businesses you can start in Nigeria that will not put holes in your pockets? They are every day businesses you never think that they will make you a millionaire. www.doyenexchange.com/invest_opps.php contains a list of over 50 businesses you can start immediately in Nigeria and their cost estimates.

You will be amazed!
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by magchi: 7:39pm On Apr 22, 2017
Large quantity of Good quality of Palm oil can be supplied within Lagos and environs. Serious Buyers contact Obinna on:
Whatsapp: 08063452021
Calls: 08063452021 or 07087043818
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by ultrazone(m): 5:20am On Oct 23, 2017
MN
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by Homeyfav: 5:09am On Oct 31, 2017
Business plan on palm oil production and distribution for Nigerians.
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by betaessays: 8:23pm On Jan 24, 2018
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by Tundeobama(m): 3:52pm On May 02, 2018
If you need large palm oil supply within ibadan Ogun and Lagos environment call 07031375607
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by MisterFelix1(m): 3:48am On May 03, 2018
This is indeed a good business especially when you are doing it in large scale and exporting. To be frank, it's really not so good as a peasant Palm oil seller. However, once you package yourself up well enough with an office, business cards, website, transportation means, storage and get a good distribution chain, mehn! You will have a qualiry company on your hands.

Anyway, you can join me and Lati in setting up your own profitable subscription-based website which cheaper and stress-free.
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by fiveinfos: 1:56pm On Jul 25, 2018
Why You Should Invest In Palm Oil Processing Business Today.

Palm oil remains a major ingredient for most cooked meals, most of the meals cooked at home or even at restaurant in nigeria are cooked with palm oil and as such palm oil in in constant demand in the market, unfortunately there is a corresponding lower supply on the product in the market. so investing into palm oil business is one sure way to make some cool cash.

Startup Capital does not need to be in millions,you can begin your palm oil business on a small and then grow your business steadily.

Behind Malaysia, Nigeria is the second largest exporter of palm oil in the world and you to can join the league of pal oil exporters. Just as palm oil product is not just in high demand in Nigeria, it is in high demand all over the world for different purposes.
http://businessplaninnigeria.com.ng/palm-oil-business-plan-in-nigeria-feasibility-study-pdf-and-financial-analysis/
Re: How To Start A Palm Oil Business In Nigeria(full Business Plan) by Splinz(m): 3:12pm On Jan 18
Tundeobama:
If you need large palm oil supply within ibadan Ogun and Lagos environment call 07031375607

What's your price and location?

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