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How To Start Palm Oil Business In Nigeria And Make Millions From It - Agriculture - Nairaland

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How To Start Palm Oil Business In Nigeria And Make Millions From It by Edidiong500: 9:58pm On Mar 05, 2019
In this article we will be looking at how to start palm oil business in Nigeria and make millions from it.

Firstly What is Palm oil:

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.

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.

palm oil business is a very profitable enterprise if you are thinking of becoming an entrepreneur in the agricultural sector.

http://toofancynigeria.com/2019/02/20/palm-oil-business/#

how to start palm oil business in Nigeria and make millions from it.
things you should consider before starting palm oil business is:

Capital :
Oil palm business need enough money to buy or rent a plantation, hire workers money to maintain the farm and buy seeds.

the outcome of you business depends on the capital you put in when starting the business ,usually either 200,000k – 500,000k for first starting you will make a lot of profit that will lead to expansion of the business with time.

Land :
oil palm business is a type of business that required a lot of land ,so you must consider location where land is cheap and affordable to buy.
The land must have fertile soil ,availability of rainfall, sunlight.
The land must be located in the area that has access road for easily transportation of the palm fruit when mature.

Buying the palm oil:
You must buy seedlings,In Nigeria, one seedling costs about N150. You will need at least 1000 seedlings for a moderate sized plantation space between two plants at least 8-9 meters.

Growing a palm oil plantation:
palm oil business is palm oil plantation. It is an excellent choice for people who have a long-term vision. Also, However, it will take a lot of resources – investment,the nature of the farm land and fertile soil. Grow a plantation and then use all the products – fruits to get the oil and trees if needed. But remember, it will take about two years to have your first harvest.

Setting up palm oil mill:
This is another aspect of palm oil business. This is relatively capital intensive since it requires the installation of palm oil milling machines for the processing of the palm oil kernel seeds.

Storage :
Cost of acquiring the warehouse where the palm oil will be stored during the period of low sales until business picks up again in the peak period.
Storage space and means of storage must be arranged. The storage space (warehouse) must be spacious, have security, access road and conducive for the storage of oil. Also, the kegs for storing the oil must be arranged. You can rent a room for storage too.

Trading on palm oil:
This is the category majority of investors in palm oil business engage in because it is in the buying and selling you make quick money.
Involves the buying of palm oil in large quantity, storing them for months, relatively in large quantity and selling during the off peak period.

In order to get more money, you can rent out your mills. You can also use them yourself and process the oil so you can sell (or store) it.
Palm oil business is one of the profitable business anybody can engage in.

Always visit:
www.toofancyNigeria.com
For more guide thanks.

1 Like

Re: How To Start Palm Oil Business In Nigeria And Make Millions From It by Kayzy1: 12:38pm On Jun 01, 2020
I offer quality akwaibom state Palm oil at good price@ 07069393960.A trial will convince u.
Re: How To Start Palm Oil Business In Nigeria And Make Millions From It by Ngoalex: 4:14pm On Jun 06, 2020
How much do you sell a 25litre gallon
Re: How To Start Palm Oil Business In Nigeria And Make Millions From It by Nobody: 3:39pm On Jun 08, 2020
Ngoalex:
How much do you sell a 25litre gallon
7000, call 08100386111
Re: How To Start Palm Oil Business In Nigeria And Make Millions From It by GREATP1(m): 12:02am On Jun 09, 2020
rechargexchange:
7000, call 08100386111

Is your price keg inclusive? 07011843696
Re: How To Start Palm Oil Business In Nigeria And Make Millions From It by Nobody: 5:21pm On Jun 09, 2020
GREATP1:


Is your price keg inclusive? 07011843696
no
Re: How To Start Palm Oil Business In Nigeria And Make Millions From It by sp2002(m): 8:18am On Jun 11, 2020
Palm plantation and pig farm is for sale

The farm is currently operating with about 1000 stands of oil Palm trees and 2 pen consisting of 20 rooms with 1 boar, 13 sow 78wearners, 52 Growers and 4piglets on 20acres of land with a register survey .

Location :- Oyo

Price :- N20m negotiable

Call /whatsapp 08137775986
Re: How To Start Palm Oil Business In Nigeria And Make Millions From It by Tolexty: 7:46am On Jun 16, 2020
[quote author=GREATP1 post=90462458]

Is your price keg inclusive? 07011843696[/quote


They are thieves don't fall prey.
]
Re: How To Start Palm Oil Business In Nigeria And Make Millions From It by konews: 11:26am On Feb 07, 2021

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