Dried Crayfish Export from Nigeria:Made Easy

Dried Crayfish Export from Nigeria:Made Easy

Dried Crayfish is one of the foodstuffs currently being exported from Nigeria to countries in Europe, America and Asian More »

How to export Ginger from Nigeria and Make Huge Profit

How to export Ginger from Nigeria and Make Huge Profit

The demand for Ginger in the international market has gone up significantly because the root is now being used as raw material in manufacturing process. More »

Make Millions of Naira through Cashew Export from Nigeria.

Make Millions of Naira through Cashew Export from Nigeria.

The export of cashew nuts and other agricultural commodities from Nigeria is fast becoming very lucrative these days; More »

Bitter kola export business in Nigeria, Invest N80, 000 & make100percent profits

Bitter kola export business in Nigeria, Invest N80, 000 & make100percent profits

Bitter kola export business in Nigeria, Invest N80, 000 & make100percent profits More »

Start A Profitable Groundnut Oil Production Business in Nigeria

Start A Profitable Groundnut Oil Production Business in Nigeria

The high demand for groundnut oil nationwide and the short fall in supply due to the ban on the importation of the product by the federal government of Nigeria has thus make Groundnut oil production business very lucrative. More »

 

How to start palm oil supply business

Most homes in Nigeria cannot do without the use of Palm oil in cooking most of their soups and food.
Palm oil is also, an important raw material used in manufacturing companies for producing butter, margarine and other consumables products.

The high demand for Palm oil both for industrial and domestic use in Nigeria has made Palm oil supply a very lucrative business.
With less than N100, 000 you can conveniently start Palm Oil supply business and make at least N1500 in every 25liter keg of Palm Oil sold say in Lagos, Abuja and in other big towns and cities in Nigeria.
The cost of selling a 25liter keg Palm Oil in most markets in Lagos and Abuja is about N7000, where as you can get better palm oil of the same quantity of for just N5500 in states like Edo,Cross Rivers, Benue,Imo,Delta e.t.c.

To start Palm oil supply business easily, below are the steps to follow.


1. To make your Palm oil supply business a legitimate venture, try register a business name with corporate affairs commission of Nigeria C.A.C. (Though not compulsory but very necessary if you desire to make big money supplying Palm Oil to big companies like PZ Nigeria plc,Uniliver Nigeria plc e.t.c)
2. Source for required startup capital. This you can get through your bank savings, borrow from friend co-operative societies, micro finance bank e.t.c
3. Get a space to store your palm oil. You either rent a shop or look for free space in your compound to store the palm oil.
4. Purchase the 25liter kegs or drum to be used in conveying the palm oil from the point of purchase to storage and to where you want to sell them.
One 25liter keg cost between N450-N550 in the open market.
5. Get contacts addresses of sellers of cheap palm oil in Nigeria and negotiate price with them.
6. Find out the easiest and cheapest means of transporting your palm oil from the point of purchase to your destination.

READ  Shell, Shoreline Energy Seal $300m Gas Deal

NOTE: Most of the palm oil being sold in our markets today is adulterated with all manner of substances the harmful just because some people want to make huge profit at all cost.
To standout you must try to always sell quality palm oil to your customers with this you are sure of getting loyal customers who will continuously place order for your palm oil.

Through reading this article I believe you now know how to go about starting Palm Oil supply Business in Nigeria. Also to get maximum benefit of this business, you will need to take bold steps in implementing the ideas gotten from this article.

Please help share this article to friends on facebook, twitter, Digg and other social media you belong to.

Remain blessed.
Ojo

67 / 100 SEO Score

Leave a Reply

Your email address will not be published. Required fields are marked *