Is it feasible to start the palm kernel oil processing business in Nigeria?

If you want to know whether it is feasible to start palm oil processing business in Nigeria, you can consider from the following 3 factors. First, whether it is a profitable business? Second, whether it is an easy business to start? Third, whether it is a government supported program? If you get all the positive answers to the above questions, this business is feasible to do. Next let's analyze whether it is feasible to start the palm kernel oil processing business in Nigeria one by one.

Palm kernel oil processing plant in Nigeria

Is Nigeria's palm kernel oil processing business a profitable business?

Nigeria's palm kernel oil processing business is a profitable business. Firstly, the oil content rate of palm kernel is around 50-55%, we can easily extract a lots of palm kernel oil out. More palm kernel oil means more money for us. Secondly, palm kernel oil is one of the main cooking oil in Nigeria and people need to eat it every day. But the Nigeria domestic supply can only meet about 55% of the total demand. What's more, with the population continued to grow and industrialization expanded, the domestic demand will continue to grow. So the huge demand will be a signal that palm kernel oil processing business will be a promising industry.Thirdly, the palm nuts is the by-product of palm oil mill plant, while most people didn't realize its value, so just burn it as fuel for the boiler or cooking pot. So the raw material can be easily found at low price, finally you can sell the palm kernel oil at a high price, that means you can get more profit.

Palm kernel oil is a high value cooking oil

Is Nigeria's palm kernel oil processing business an easy business to start?

Palm kernel oil processing business is an easy business to start. If you have little money, you can choose to start this business from a small scale palm kernel oil expeller machine. Because the price of palm kernel oil expeller machine is affordable for most people. And it can process 500kg palm kernel per hour. This machine can replace local traditional manual palm kernel oil press machine. It is suitable for starting small scale palm kernel oil processing business. And the produced palm kernel oil is suitable for home use and local villages consumption. If you have enough money and want to buy a production line, you can look for a professional palm kernel oil processing machine manufacturer to let them customize the palm kernel oil processing solution for you.

Small scale palm kernel oil expeller machine

Is palm kernel oil processing business a government supported program in Nigeria?

Fortunately, the Nigerian government has introduced a series of policies to encourage palm kernel oil processing business development. The specific contents are as follows:

1)Nigeria plans to invest 180 billion naira ($500 million) to increase its palm oil production from around 600,000 tons a year to 5 million tons a year by 2027.

2)Nigerian Government encouraged the construction of a palm oil mills and palm kernel oil mills in every continent of Nigeria.

3)Now Nigeria local government is encouraging people to do palm oil and palm kernel oil processing business, and they asked bank to offer lower interest rate for people who want to start palm kernel oil processing business.

Nigerian government encourages palm kernel oil processing business development

All in all, it is feasible to start the palm kernel oil processing business in Nigeria. And it is never too late to start the palm kernel oil processing business in Nigeria, and the sooner, the better, the more profit you can make from it. Welcome to step into this business by choosing us as your reliable palm kernel oil processing machine supplier!