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How much is needed to start a palm oil business in the northern part of Nigeria
Starting a palm oil business in the northern part of Nigeria is a profitable venture, but the amount needed depends on the scale of your operation. If you’re a beginner, you can start small by buying and reselling palm oil without processing. For this, you’ll need about ₦250,000 to ₦600,000. This coRead more
Starting a palm oil business in the northern part of Nigeria is a profitable venture, but the amount needed depends on the scale of your operation. If you’re a beginner, you can start small by buying and reselling palm oil without processing. For this, you’ll need about ₦250,000 to ₦600,000. This covers buying 5–10 drums of palm oil, repackaging materials such as bottles or jars, transportation, marketing, and small registration fees if needed. With careful sales, you can make a monthly profit of ₦20,000 to ₦60,000, and gradually increase your capital to grow your business.
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