If you’ve landed on this article page, you’re probably searching for a
good business idea—an idea that’s light on the pocket but heavy on
returns, promising both a fulfilling journey and potential profit.
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The
agricultural industry in Nigeria is worth around $30 billion per
year, and it employs around 50% of the national workforce. The
palm oil industry is one of the most lucrative sectors within
the agricultural industry, worth over $1 billion per year. It
uses around 7% of the agricultural land in the country and is
exported to many different countries around the globe. The palm
oil industry in Nigeria is expected to continue growing, so it
is a great industry to get involved in.
Palm oil
production business involves the process to extract oil from
palm fruit bunches or palm kernels. During the process, the palm
oil processing machine plays a key role for palm oil production
capacity and quality. So, it requires a series of high quality
palm oil making equipment. Palm oil production is a kind of
capital intensive business, but it is absolutely lucrative and
profitable
The palm oil
business is one of the lucrative businesses in Nigeria because
of its diverse usefulness and the huge profit involved. In
Nigeria, palm oil is one of the essential needs for cooking most
meals. The interesting part of this business is that every part
of the palm tree (fruits, leaves, trunks, and sap) is used for
different things.
The major palm oil producing states in the country include
Ekiti, Ondo, Osun, Ogun, Ondo, Oyo, Kwara, and the Federal
Capital Territory, Abuja. The palm oil plantations are
predominantly located in the southwestern and southeastern parts
of the country.
Determine the
daily processing volume based on the quantity of raw materials,
and invest in suitable palm oil machines, which may include palm
oil pretreatment machines, oil expellers, solvent extraction
machines, filters, crude palm oil refining machines, and oil
filling machines. It depends on your processing volume and
specific need. It is important that machines are used to make
work easier. But the most relevant and most important machines
are,,Screw Palm oil presser,Fruit receptor, Drum (cooking pot)
Manpower
There is no
major skilled person needed in the production of Palm Oil. But
for purpose of making it more profitable and ensuring the right
thing is done, we will share the required manpower.
Below are the persons
needed to set up a functioning Palm oil factory, Screw presser
technician, Marketing, cashier, Supervisor, Palm fruit cutter
The capital needed depends on the level at which one wants to
start it. Below is a detailed rundown of how much one can use to
start a palm oil business in Nigeria.
•
Starting as a Palm oil producer = NGN2,000,000
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Starting as a distributor = NGN1,000,000
•
Starting as a retailer = NGN200,000 or less
Commercial
processing: This is where the milling machine are rented to
process other people’s palm oil kernels. The hire fee covers the
cost of the machines. The machines can be used up to their full
capacity throughout the year, especially during the palm oil
kernel harvesting season (January through May). The processing
business is stable during the off-season, from July to December.
The second
type of palm oil business involves the processing of the palm
kernel and selling the oil to customers. The investor sets up
the milling machines and then arranges to purchase the palm oil
kernels from various farmers. The palm kernel seeds purchased
are then processed and the oil is sold to resellers or
end-users.
It is
important to choose a suitable location for your Pal oil milling
machine. It should be near a farm, and close to major roads for
easy transport.
1.
Buying season (Storage season). This is the time to buy
palm oil from the local market or palm oil mills. This is
between February Ending to May. Palm oil are usually cheap and
surplus in supply.
2.
Selling season. This is the season to sell the stored
palm oil. This time palm oil is scarce in the market and the
demand is relatively higher than supply. September to December
is the selling season
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How
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