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How To Make Huge Profit Supplying Palm Kernel Nuts To Local Industries In Nigeria.

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How To Make Huge Profit Supplying Palm Kernel Nuts To Local Industries In Nigeria.

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The Market palm kernel oil and palm kernel cake is huge, sustainable and expanding. The estimated size of the local market is put at about N4.24 billion for Palm kernel oil while the market for Palm Kernel Cake is estimated at N3.3 billion.

Product Description

Oil palm in Nigeria grows in the coastal belt which varies in depth from 100 to 150 miles and a riverine belt which follows the valleys of the Niger and Benue for a distance of about 450 miles from the sea. The main palm oil producing states includes Ogun, Ondo, Oyo, Edo, Cross River, Anambra, Enugu, Imo, Abia, Ekiti, Akwa-Ibom, Delta and Rivers.

Extensive market research has revealed that palm kernel nut is an everyday goods used by Industries. They are used in the production of palm kernel oil and cake. Palm kernel oil is used in the production of soaps and other food products while the cake is used in the production of animal feeds.

Thus, the market for palm kernel nut is ongoing and is not dependent on economic cycles.

This report seeks to examine the financial viability or otherwise of supplying palm kernel nuts to local industries in Nigeria.

The required start up capital estimate for the business is N 1,639,000 and the business is expected to generate a net profit per transaction cycle of N 311,000.

The manpower required to run the business is between 1-2 with one purchasing the commodity and the other selling to the buyers but the same person can perform the two functions.

Table of Content

Table of Contents

1. Introduction
1.1 Executive Summary
1.2 Business Opportunity
1.3 Country Background

2. Technical Analysis
2.1 The Project
2.2 Product Description
2.3 Product Location and Distribution
2.4 Legal Considerations

3. Opportunity

3.1 Market Overview
3.2 Demand and Supply
3.3 Customer Profile
3.4 Primary Competition

4. Socio- Economic and SWOT Analysis of the Project
4.1.1 Generation of Employment
4.1.2 Source of Government Revenue
4.1.3 Foreign Exchange Generation
4.2 SWOT Analysis

5. Risk Identification and Mitigation Strategy
5.2 Critical Success Factor

6. Financial Analysis

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Report Details

Report Type: Feasibility Report
Formats of Delivery: MS WORD
No. of Pages: 16
Product Code: FORA/08/2012/105
Publisher: Foraminifera Market Research
Release Date: 02/10/2013; Updated Every 3- Months
Delivery time: 24– 48hours