How much is needed to start a palm oil business in the northern part of Nigeria
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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.
See lessPersonally I feel you can start palm oil business without anything at all and all you need to do is have connections with people that can be the suppliers for you and you can get them from the southern or Eastern part of the nation depending on where they are more cheaper by that stamp part of the cRead more
Personally I feel you can start palm oil business without anything at all and all you need to do is have connections with people that can be the suppliers for you and you can get them from the southern or Eastern part of the nation depending on where they are more cheaper by that stamp part of the country has more cheap source of palm oil
So all you need to do is make calls until you get transported to goods and you will sell and do I meet and keep the profit and you see you didn’t actually use anything of yours but this is something that requires you knowing somebody that trust you.
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