Palm oil is an edible oil got from the processing of palm kernel fruit in which the fruit are being sorted out and harvested from the palm palm kernel frond tree and then processed. The most exciting part of a palm kernel tree is that all it parts are useful from the leaves to the branch down to the root
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It is a staple oil mostly used in homes around the world for cooking different variety of home dishes. Palm oil is known for its nutrients and can be used in diverse ways.
Palm oil can be used in the following ways:
* Prevention of vitamin A deficiency.
* Production of soap and cosmetic body creams.
* Release of stomach pain.
* Production of drugs.
* Treating malaria
* Weight loss
* Water treatment.
* Preservation of food.
* Production of dog and other domestic animal food..
Due to the variety of the usefulness of this oil, palm oil business is one of the lucrative businesses in Nigeria because of its diverse usefulness and the huge profit. An aspiring enterpreneur must be able to look wide and deep when investing in a business.
Palm oil is one of the community constantly in high demand. There never a time it wouldn't be hot cakes in the market and it is consumed at the rate as rice and Gerri. Palm oil is currently sold for 6050 for 5 liters while it being sold for 22000-24000 per 25 liters. There are time of the year you may get this product in quantity during the time of surplus and store it for some months and you will get 100% profit. It's usually surplus around Dec to April and sells at the highest around July to September.
How to venture into palm oil business
1. Secure a shop:- Make sure you get a shop to store your palm oil in kegs and you can sell in wholesale or retail. Make sure your shop is closer to the market.
2. Look for places to buy your products:- look for places to buy your products. The products could be source from the following states in Nigeria:- Delta, Ondo, Oyo, Cross River State, Akwa Ibom State, Edo State etc.
3. Transport your Goods: Get a van to transport your Goods to your destination or you can hire van to transport this products.
4. Sell your Goods: You can sell your products to retailers and wholesalers and thereeby making this goldmine business lead you to fortune.
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