This Palm Oil Processing Business Plan In Nigeria is regularly updated and can also be used to obtain loans and grants etc.
Palm Oil Processing Business Plan In Nigeria PDF
Running a Palm Oil Processing Business In Nigeria can be a very profitable business venture in Nigeria. It provides one of the finest opportunities to make good money in a very short time. But many Nigerians overlook this business opportunity and instead prefer white-collar job opportunities.
It is very obvious that the Nigerian government is trying to move away from crude oil to agriculture and to make this possible the government will need all the help they can get and since Palm Oil Production can also be substituted for crude oil, It can be a good way to help the Government in there quest to diversify the economy and increase the GDP of the country.
It is important that you have a Palm Oil Processing Business Plan In Nigeria before you start thing of starting your palm oil business.
Sample Palm Oil Processing Business Plan In Nigeria Pdf –
If you’re thinking about how to start a Palm oil processing business in Nigeria, then you’re definitely in the right place. Make sure you read this article till the end because in it lies your success and motivation in the Palm oil business in Nigeria.
After reading this Palm oil business plan in Nigeria PDF, you will be well-equipped and be on your way to starting your own Palm oil business in easy and simple steps.
Table Of Content
1.0 Executive Summary
2.0 Company Description
4.0 Market Analysis
5.0 Marketing Strategy and Implementation
6.0 Organization and Management
7.0 Financial Plan
1.0 Executive Summary:
Though among very lucrative businesses in Nigeria, the palm oil business is commonly overlooked. Palm oil is the most consumed edible oil worldwide, as it is a popular food ingredient in Africa and some parts of Asia (such as in Malaysia and Indonesia).
Palm oil is in greatest demand in West Africa, where it is used in almost every home for cooking and a few other purposes. But in spite of this, the region produces less than 5% of the palm oil produced worldwide.
(Palm oil Business Plan In Nigeria PDF) Company Limited is a company focused on the Processing of palm kernels into Palm oil for the purpose of selling in other to maximize profit.
When (Palm oil Business Plan In Nigeria ) was laid off from his corporate position three years ago, he first turned to the vegetable garden for money-saving / economic reasons. But with the uncertainty of recent events in the South East, the unemployment crisis, (Palm oil Business Plan In Nigeria PDF) and his wife Kathy, turned to Palm oil Processing in Nigeria for a source of living
(Palm oil Processing Business Plan In Nigeria) plans to concentrate on Palm oil production as its primary product. This includes growing Palm trees, The company’s production plant will have a capacity sufficient to produce in excess of 20,000 mt. of Oil per week
From being the world‟s leading producer and exporter of palm oil in the 1960s, Nigeria has fallen to being a net importer to meet the growing domestic demand. Demand is primarily driven by the household consumers who prefer to consume the technical palm oil (TPO) because of its flavour profile, but it is complemented by an increasing demand for the special palm oil (SPO) which can then be fractionated into RBD to meet the needs of industrial processors. Though domestic production is nearly 900,000 tons, there is an estimated overall gap in Nigeria of between 150 and 300,000 tons of TPO and 200,000 tons of SPO, much of which is currently met through imports.
1.1 Business Objectives
(Palm Oil Processing Business Plan In Nigeria PDF) company limited has simple objectives: provide healthy and delicious tasting Palm oil while simultaneously leaving a minimal carbon footprint. In order to accomplish this, the company plans to:
- Sell 60 shares by Year 2 and have full-time income or 90 shares sold by Year 3.
- In Year 4,(Palm Oil Business Plan In Nigeria PDF) in Nigeria plans to purchase an additional 9 acres for a total of 12 acres. The initial 3 years of operations will provide excellent credit history and track record necessary for this large purchase.
1.2 Mission Statement
(Palm Oil Processing Business Plan In Nigeria) Company Limited mission is to raise the best tasting and finest quality Palm oil for the local community. (Palm oil Processing Business Plan In Nigeria PDF) Company Limited uses only natural and sustainable Production methods, free from pesticides or chemicals. Natural foods and natural Production methods leave a smaller carbon footprint while simultaneously improving the health of its customers and its local community.
1.3 Guiding Principles
(Palm Oil Business Plan In Nigeria PDF) Company Limited slogan is simple: “Drink Fresh Palm and gain more life ”. The owners also believe in contributing to their community and the planet by:
1. Production Fresh and Quality Palm Oil
(Palm oil Business Plan In Nigeria PDF) Company Limited believes that in order for the survival and boosting of the economy of Nigeria, we must rely on local resources. Buying from local producers in other to support the local economy.
3. Sustainable Living
By reducing reliance on energy is better for the planet and conserves our natural resources.
4. Satisfied Customers
Happy members ensure repeat business and their referrals grow the business.
2.0 Company Description
(Palm Oil Processing Business Plan In Nigeria PDF) Company Limited and Micah Erumaka run, manage, and operate (Palm Oil Business Plan In Nigeria PDF) Company Limited.
The company initially sold the Palm oil produce to directly to local restaurants with a surplus sold in the local market.
2.1 Legal Form
( Palm Oil processing Business Plan In Nigeria) Company Limited is C-Corporation formed in Lagos state. The entity is wholly owned by (Palm Oil Business Plan In Nigeria PDF) Company Limited
( Palm Oil processing Business Plan In Nigeria PDF) Palm oil growing season will start soon We will mainly focus on the processing and production of palm oil which is 70% of our business then production of soaps, Detergents.
4.0 Market Analysis
To get your complete Sample Palm Oil Business Plan In Nigeria PDF, including the detailed financial analysis, call any of our business plan consultants on 08122230861 or send an email to firstname.lastname@example.org.
Palm Oil Processing Business Plan In Nigeria
Step On How To Start A Palm Oil Processing Business In Nigeria.
The Palm Oil business in Nigeria is not as complex as you might be thinking, In this second chapter I will show you the necessary step that needs to be taken in other to launch a profitable palm oil processing business in Nigeria.
1. Do a thorough market research
This first step is deliberate. It is crucial that you first run a detailed market analysis to help guide you on how to go about your marketing strategy. It is always better to have a ready market in place than to go looking for buyers after the business is launched. So keep that in mind. You are already on the right part by reading this article.
2. Get a good location for Your Processing Plant
Your ideal location should be easily accessible to your target market. Although, since you won’t be selling directly to consumers, it may be needless for you to be situated near a market.
In this case, your ideal location will be around palm oil farms and plantations or even areas with an abundance of palm trees. You want your factory to be located remote from human and animal movements.
3. Acquiring your Palm Oil Processing equipment
There are a lot of sophisticated machines and equipment available in the market for palm oil processing. For ease and smoother running of your business, you need to purchase the following equipment;
- Palm fruit stripper
- Nut fiber separator
- Pounding machine
- Mechanical screw press
- Barrels/surface tanks
I advise you get a Palm Oil Business Plan to fully understand the necessary equipment needed for this business.
.4. Setting up the plant
The next stage is to set up your processing plant and have certain machines installed efficiently. Usually, you have to seek out professionals to help construct all the needed infrastructure and help you in setting up and installing.
Your ability to sell is what will determine your business’s success at the end of the day. Seek ways to reach more and more customers every day. While focusing on networking among your target market. Approach prospective marketers and encourage them to buy from your company. Focus on effectively growing your customer base and on establishing repeat customers for your business. You need to be proactive as far as implementing marketing strategies are concerned. This is the lifeline of your business, so treat it as such.
Ready To Start Your Palm Oil Processing Business In Nigeria Or Africa?
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