How To Start A Profitable Palm Oil Business in Nigeria (2024)
- Configuration: Stationary
- Power Source: AC POWER
- Lubrication Style: Oil-Free
- Silent: Yes
- Model number: J7.5PM, J11PM, J15PM
- Voltage: 220v /110v (can be customized)
- Dimension (L*W*H): 930*750* 1205 mm
- Weight: 23800kg
- Working pressure: 10 bar
- Air capacity: 2m3 /min
- Component warranty main: 5 years
- Main components: PLC, motor, motor
- Gas cooling method: air cooling
- Application: compressed air
- Pressure: 10 bar
- Capacity: High Performance
- Color: Blue
- Brand: Olymtech
- Feature: High Efficiency
Requirements To Start A Palm Oil Business in Nigeria. Here’s a breakdown of the essential requirements to start a palm oil business in Nigeria: 1. Land and Location. Palm trees require well-drained, fertile soil with a pH range of 6.0 to 8.0. Adequate rainfall or irrigation is crucial for optimal growth.
Step-by-Step Guide to Starting a Successful Palm Oil Business
- Voltage: 380V
- Power: 2.2KW
- Dimension (L*W*H): 1910*550*765 mm
- Weight : Based on the capacity of soybean processing machinery
- Raw material: Rice bran, soybeans, palm kernel, sunflower seed, cottonseed cake, etc
- Process capacity : 10-1000TPD
- Extraction mode: Extraction with organic solvent
- Extraction time: 90-120min
- Layer height: depending on the extractor
- Extraction temperature: 5 celsuis lower than the boiling point of solvent distillation
- Proportion of solvents: 0.8-1
- Density of mixed oil: 18-25 %
For a small-scale supply and storage business, you can start with as little as N100,000 to N500,000. This should cover expenses such as buying palm oil from local vendors, transportation costs, and storage expenses. You will need containers to store your palm oil. The Best are plastic 25-liter or 20-liter gallons.
Palm oil business in Nigeria: Opportunities, risks, where to
- Production capacity: 1-500T/D
- Model number:DT
- Voltage:220V/380V/440V
- Power ( W): According to capacity
- Dimension (L*W* H):1610x615x1260mm
- Weight:1050 KG
- Certification:ISO9001/CE/BV
- Item: 25TPD Finely Processed Crude Oil Refining Plant
- Volatile substance in crude oil: ≤0.3%
- Clay consumption: depending on color of crude oil
- Solvent content in crude oil:≤200 ppm
- Oil residue in residual clay:≤25% of residual clay
- li>Performance: Excellent
- Steam pressure:≥1.2MPa
- Steam consumption in refining:≤280kg/ton
- Warranty: 12 months, long-term technical support
- Feature: High performance
Palm oil is a huge agricultural business. According to entrepreneurs.ng, palm oil yield per hectare is estimated at 8 tons per year. This means the profit farmers make per hectare is around 3.4tons per year. A tonne of palm oil sells for a minimum of N2,400,000. In addition, gross revenue of 12 Million is obtained from red palm oil.
How to Start Palm Oil Business in Nigeria and Earn ₦3m Monthly
- Production capacity: 10T-3000T/D
- Model number:DL-ZYJ02
- Voltage: 380V, 440V
- Power (W): depends on the capacity of the oil extraction machine
- Dimension (L*W*H): depends on the capacity of the oil extraction machine
- Weight: depends on the capacity of the oil extraction machine
- Certification: ISO9001
- product name: 2017 high quality oil processing and extraction machine
- Processing: petroleum
- Electric consumption: 28Kwh/T Oil
- Soften water:
- Phosphoric acid:
- Bleaching earth consumption:
- Refining rate:
- Bleaching earth residue Oil content:
- Circulating water Cooling water yield:
- Type of supplier:
The incubation period after plantation of the palm trees can take five to ten years before harvesting. To plant, buy seedlings. Usually, one seedling in Nigeria costs ₦250 and you will need at least 1000 seedlings for a start. Importantly, ensure you give at least 8-9 meters space between two plants.
Releaf: The agritech startup industrialising oil palm
- Model number: GLTP-1800 GLTP-2400
- Voltage: different
- Power (W): 1.1kw 1.5kw
- Weight : different
- Dimension (L*W*H): 1800 *850*900mm 2400*850*900mm
- Model: GLTP-1800
- Material: steel stainless
- Dimension: 1800*850*900mm
- Brush: 8 pecs
- Capacity: 100kg/6minsPower: 1.1kw
To complement the existing gaps in the sector, Nigeria spends about $500 million annually on oil palm importation. The decline can be chalked up to the country’s over-reliance on crude oil as a source of revenue. On the other hand, traditional oil palm processing is a significant reason for the country’s low palm oil production.
- Is palm oil a profitable business in Nigeria?
- The palm oil business is one of the lucrative businesses in Nigeria because of its diverse usefulness and the huge profit involved. In Nigeria, palm oil is one of the essential needs for cooking most meals. The interesting part of this business is that every part of the palm tree (fruits, leaves, trunks, and sap) is used for different things.
- Can palm oil processing be expanded in Nigeria?
- However, the lower palm oil processing or production ability can’t match the increasing demand of palm oil, which now provides great opportunity to tap and expand the palm oil processing field in Nigeria and make profits from it.
- How to make money from palm oil milling machines?
- All you need to begin is the installation of palm oil milling machines for the processing of the palm oil kernel seeds. Basically, you can either use the milling machines for personal or commercial processing. You can rent out the machine to people who want to process their palm kernel. You can make cool cash from this business
- How to sell palm oil?
- Alternatively, you can install the milling machine for your personal use, process the palm oil kernel, and sell the palm oil to consumers or resellers. To process for yourself, you need to purchase the palm kernel in large quantities from harvesters and process them into palm oil in your mill, then sell to retailers.