Palm oil business plan in nigeria lagos
The factory will produce kernel oil and palm kernel cake as its main product. You will have to pay a fee to register, but I can tell you it worth it. We know that no matter where we intend starting our palm oil processing business, we would be required to fulfill most of the items listed below; The Fee for registering the business venture in Nigeria — N15, Legal expenses for obtaining licenses and permits as well as the accounting services software, P.
Palm oil business plan in nigeria lagos
This is one of the most effective means of marketing. 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. This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our research and feasibility studies and we are enthusiastic and confident that Agbor — Delta State is the right place to launch this type of business before spreading to other states in the southern part of Nigeria. They help to prepare for the future. Keep those challenges of palm oil business in Nigeria in Mind and you will never be caught unaware. Finally the availability of Palm Kernel nuts all year round is guaranteed and plentiful. Computer Operator 1 N 25, Red palm oil is natural oil extract from palm three fruit. A lean and entrepreneurial organization structure ensures that the interest of staff and that of the owners are closely aligned. If that is what you want, I assure you are at the right junction! I know of a man in our community that build his house from the money he generated from palm oil business. Palm kernel oil sludge will also be produced as a minor by-product. Botem Concept Nigeria Ltd would mitigate this risk by working directly with farmers of the commodity and also stocking enough quantity of the commodity to last the seasons when output is low. Identifying Good Oil Somebody might want to ask me that are there bad red palm oil? As for the detailed cost analysis for starting a palm oil processing business; it might differ in other countries due to the value of their money.
The company is currently starting with palm kernel oil and palm kernel cake extraction and will diversify into palm plantation, vegetable oil refining and animal feed compounding. The truth is that, this type of business do pretty well when it is strategically positioned.
Palm oil distribution
Improving national economic environment. If you know any other places where this item could be gotten cheap and in great quantity, tell us using the comment box below. Due to the aforementioned, production of palm kernel nuts in Nigeria is not stable and low. Its usually sent to the buyer and a copy to the relevant exporting agencies i. You will need a business name, a brand, a physical address and more to stand out and show that you know what you are doing. The plant and other operations can be accommodated on two plots of land, where the raw material and finished product would be stored. With its base in Africa.
That is a good deal by all standard and the more money you invest, the more profit you make. It is also rich in carotene and possess strong healing power.
Palm oil processing in nigeria
If you have any questions, just ask me below and I will be glad to attempt an answer. You have to market and publicize yourself till you become popular and then allow your brand to speak for you. Secure a Shop — You will need a shop or any safe place for storage. This is very important. Social Media You have to bombard social media with your palm oil business. The major challenges facing the industry are access to raw material and power. Being unable to get these feed and on time might thereby cause malnutrition or death to the livestocks.
There are different species of palm kernel nuts. Below is the opening stock table Table 3.
Mills should be very careful in order to avoid sudden fall in price and consequent looses.
based on 36 review