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What business Can I Start up here in Nigeria?

As far as I know, palm oil production business is profitable worldwide due to the huge demand. And, Nigeria has rich oil palm plants which are the raw materials for palm oil and palm kernel oil. Furthermore, the large scale palm oil processing plant in Nigeria is only a few, providing great market conditions for many medium or small scale palm oil mills. So, how to start palm oil processing business in Nigeria?

Get financial support

Although most people in Nigeria want to invest in small-sized or medium-sized palm oil mill plants, it also requires some funding. So, how much money is needed to set up a mini size, small size or medium size palm oil processing factory. If you have enough money, this may not be a big problem. But, if you do not have a lot of money and you want to invest on this business, what can you do?

Actually, an entire palm oil processing plant with a capacity of 50 tons / day is worth about $ 60,0000, while an entire palm palm kernel oil production line with a capacity of 10 tons / day is around $ 60,000. But, the exact cost of setting up a complete palm oil mill plant is decided by many factors, including capacity, equipment selection, oil extraction technology, and so on. There are many ways to obtain financial funds, such as obtaining loans from reliable banks or lending institutions, or find a partner who has sufficient money.

Get the necessary equipment

The palm oil production or palm kernel oil manufacturing process requires several steps that can be accomplished by professional palm oil processing machinery. But, what equipment is suitable for your essential palm oil mill plant? It is better to get technical suggestions from reliable manufacturers or suppliers.

Typical equipment for a small scale palm oil mill plant includes belt conveyors, palm fruit thresher, palm fruit digester, screw conveyor, palm oil press, oil tank and oil filter machine.

Typical equipment of a small scale palm kernel oil production line is palm kernel separation / cracker machine, palm kernel oil press machine, oil filter machine.

Certainly, most manufacturers will also incorporate oil refinery equipment to improve the quality of the final produced palm oil and palm kernel oil.

Create your own distribution channel

Although there is a huge demand for high quality palm oil, it is also necessary to build our own distribution channels to increase sales. European, Asia, Africa are the main regions for palm oil.

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