Looking for a comprehensive palm oil production feasibility study or business plan in Nigeria to kick-start your business?
This sample of Palm Oil Production and Processing feasibility analysis in Nigeria can be used for Grant Applications, NIRSAL, CBN, BOI, BOA, Bank Loans, Proposal writing, Business Concept Note, Competitions etc.
If you’re wondering how to establish a Palm oil processing business in Nigeria, you’ve come to the perfect spot. Make sure you read this article all the way to the end as it contains the key to your success and motivation in the Nigerian palm oil industry.
You will be well-equipped and on your way to launching your own Palm oil business in Nigeria after reading this Palm oil feasibility study in Nigeria PDF.
PALM OIL FEASIBILITY ANALYSIS TABLE OF CONTENT
1.0. Executive Summary
Despite being one of the most profitable companies in Nigeria, the palm oil industry is sometimes disregarded. Palm oil is the most widely eaten edible oil in the world, and it is a common food component throughout Africa and parts of Asia.
Palm oil is most popular in West Africa and is used in practically every household for cooking and a few other things. Despite this, the area generates less than 5% of all palm oil produced globally. Shege Palm Oil Production Corporation Limited is a company that processes palm kernels into palm oil for the goal of selling at a profit.
Shege Palm Oil Production Company intends to focus its core product on palm oil production. This involves the cultivation of Palm trees. The company’s manufacturing unit will be capable of producing more than 20,000 mt. of oil each week.
Nigeria has plummeted from being the world’s largest producer and exporter of palm oil in the 1960s to becoming a net importer to meet rising local demand. Demand is mostly driven by household consumers who prefer technical palm oil (TPO) due to its flavor profile, but it is supplemented by growing demand for special palm oil (SPO), which may then be fractionated into RBD to fulfill the demands of industrial processors. Despite over 900,000 tons of local production, there is an estimated total shortfall in Nigeria of between 150 and 300,000 tons of TPO and 200,000 tones of SPO, majority of which is now filled by imports.
1.1 Organizational Goals
Shege Palm Oil Processing Company’s goals are straightforward: supply nutritious and excellent-tasting palm oil while leaving a small carbon imprint. To do this, the business intends to:
• Sell 100 shares by Year 5 and earn a full-time income, or sell 200 shares by Year 3.
• Shege Palm Oil Production Company in Nigeria intends to buy an additional 50 acres in Year 7 for a total of 100 acres. The first three years of business will offer the essential credit history and track record for this major acquisition.
The objective of Shege Palm Oil Production Company is to provide the best taste and highest quality palm oil for the local population. Company Limited (Palm oil Processing Business Plan In Nigeria PDF) employs only natural and sustainable production methods that are free of pesticides and chemicals. Natural foods and natural production methods reduce carbon footprints while boosting the health of consumers and the local community.
1.3. Overarching Principles
The tagline of Shege Palm Oil Production Company is simple: “Drink Fresh Palm and Live Longer.” The owners also believe in giving back to their communities and the environment by:
1. Production of High-Quality Fresh Palm Oil
2. Local – Shege Palm Oil Production Company thinks that in order to survive and grow the Nigerian economy, we must rely on indigenous resources. Purchasing from local suppliers helps help the local economy.
3. Living a Sustainable Life – Reducing our dependency on energy benefits the environment and conserves our natural resources.
4. Customers who are pleased- Happy customers ensure repeat business, and their referrals help the company develop.
2.0 Business Description
Initially, the firm sold the palm oil product directly to local eateries, with any excess sold on the local market.
2.1 Legal Structure
Shege Palm Oil Processing Company was established in the state of Lagos. Shege owns the entire company.
Palm oil growing season will soon begin. We will primarily focus on the processing and manufacture of palm oil, which accounts for 70% of our company, followed by the production of soaps and detergents.
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