The profitability of palm oil sale business in Nigeria.

[Etini]

For those of us in Nigeria, we know that we have a fair amount of palm oil. But there are two extremes though. The southern part of Nigeria is blessed with soil that favors the survival of palm trees, thereby making palm oil available in southern Nigeria. The northern part of Nigeria doesn't favor the survival of palm trees and so they don't have palm oil. This situation creates a business opportunity.

With the high demand for palm oil for domestic and industrial purposes, one can make a fortune transporting palm oil from southern Nigeria to sell in Northern Nigeria.

From feasibility, it is found that the price of palm oil in Northern Nigeria is double the price it is sold in southern Nigeria. If you can carry a reasonable quantity, you would easily offset the high cost of transportation and make a good profit. All you need is a source to get palm oil from, the capital to buy the palm oil and transport it, and a means of transportation.

 

[Jasz]

Palm oil is a valuable commodity in Nigeria and it has been used in many industries for its versatile uses. The demand for palm oil has been increasing as it is used as an ingredient for food and cosmetic products. Palm oil is also used as a biofuel to power vehicles, which makes it a profitable venture if you can sell it in large quantities.

The palm oil selling business requires you to have an adequate amount of capital to start with. You will be required to purchase raw materials, equipment and other necessary items that will help run your business effectively. You should also consider hiring skilled workers who will assist you with processing the products and packaging them for sale at various locations like supermarkets, grocery stores or even online retailers.

You can also choose to work with a company that already has its own processing units where they make their own oils from raw materials purchased from farmers across the country. This is usually cheaper than starting up your own processing unit but comes with some disadvantages as well such as not being able to save on expenses like transportation costs since all your produce will be needed shipped directly from farms to their processing plants.

 

[Richee84]

Palm oil business is not just a lucrative business in Nigeria but it a lucrative business all over the world. Palm oil is one of the major commodity that is been use in every house hold in the whole world.

Most people who go into palm oil business makes a lot of profit from it as the there is always demand for the product. Most farmer who cultivate palm trees are involve in the processing because the finish product brings in more profit.

There are different stages we can earn from palm oil business. We can earn from palm oil business as a producer of the palm oil and we can also warn from palm oil business as a middle man. Either way we find ourselves, there is still a lot of Profit to earn from it.

We can earn as a producer of palm oil and then sell it to final consumers. Most people who are in this category are people who have the palm plantations, they harvest it and process it to finish product. They can also make additional money from the palm bye product that can be use by other company for different use.

The is also people who act as middle man in the chain of sales. They buy from the producer at a lower price and then sell it to final consumers or export it out.

 

[jeet100]

This is definitely a good opportunity in Nigeria as well as other countries however in case people need regular consistent income without investment - DAOs like Joystream in the Web3 space are a great destination for people with a good work ethic

 

[sincerem]

Our country "Nigeria doesn't know how to make money irrespective of crude oil sales. Agriculture is a good alternative that has stayed longer within our region "Nigeria. Palm oil is a notable form of agricultural produce, you can process into different product and make good fortunes. But our country have failed to invest heavily into agriculture or helping those in needy to get necessary agricultural tools that will facilitate farming and cultivation. I understand that palm trees doesn't grow in northern areas just as it grows in southern Nigeria. The government can take advantage of that, and invest heavily in palm fruit business and even import it outside Nigeria where it is in-demand, or help individuals who favours such kind of business that make fortunes, then charge tax from them to keep running the affairs of the state and the country in general. Because, when the individual pay tax to the state, tbe state government submit task to the federal government here in Nigeria, and such will be an added way of making money and not just being so reliant on oil business..

 

[Ithedicious]

There are so many benefits of palm oil, so this business will be the most profitable business if people have to set it up , but most importantly you really have to understand what it will take you to set up this business in the sense that to start a palm oil business, you will need a land to plant it , most especially in the southern part of the country here.

If you're living in the northern part of the country that means for you to start a farm fruit farming , you have to migrate to the southern part and have a location .

If you are not interested to have a palm oil farms you can rather buy an already made oil from the southern part of the country. it will be the most profitable business since there are numerous use of palm fruit over here . .